Its really wonderful to find this working, especially because I have done setup myself.
I have BSNL broadband connection with Type 4 modem (Huawei MT841) which has facility to connect with 4 wired computers and one using wireless port.

I have an old compaq presario 2100 laptop which I was using for accessing internet at home, but with the arrival of my new notebook, I wanted both of my machines connected simultaneously. Had some difficulty settingup, but yes its working now.
Its complete fun with me roaming along with my Dell L410, all around my home and pinging my wife over yahoo messenger, who is sitting in the same room connected seamlessly to broadband.
To my surprise I am getting queries how to do the same. Just finished up a support call
from my friend Aryadip helping him setting his own network.
Putting up the steps for you all if you also want to have similar setup:
Put following IP setting for your machine
IP: 192.168.1.9, subnet mask=255.255.255.0, default gateway=192.168.1.1
Use following DNS info
DNS: 61.1.96.69, Alternate DNS: 61.1.96.71
Now find out if you can ping 192.168.1.1, you should be able to. This is default IP of your modem.
Now open http://192.168.1.1 in your browser with user=admin:password=admin, this gives you modem configuration page
From left hand side select Connections, select row containing PVC 0 –> 0/35
Delete this row and then add new entry in the table with values
0/35, connection type PPPoE and let other values untoched.
save all and reboot..thats it…..it should be working.
If you still find some issue, post in comments, would be happy to share more details