When Pune-based social web-clipping service Monkiri had launched a couple of weeks ago, I had complained that it’s utility is very limited because it does not allow posting the clips to the user’s personal blog. They have moved quickly, and fixed the problem. They now support Blogger and WordPress blogs. That should certainly increase its adoption rate.
See also: SocialMedian, a personalized news recommendation service, whose development is being done in Pune. There are some similarities with Monkiri (i.e. the social bookmarking aspect), but significant differences too (i.e. the personalized recommendation part). The other big difference is that SocialMedian has a world-wide focus, whereas Monkiri appears to have an India-only focus.