I am currently connected over a broadband connection.
Please find my investigations yet ..
1. I tried dhcpcd eth0 and it says dhcpcd is running. So I guess I don't need to use any static IPs.
2.Checked at /etc/resolve.conf and I am getting the appropriate nameserver IP.
3. Checked lsmod .. Doesn't fetch any useful info.
Is there anything additional on netconfig / ifconfig now that it has picked up the IP automatically?