The much-awaited mobile number portability
(MNP) service that allows subscribers to
change operators but retain the mobile
number will be available from November,
Union minister for communications A Raja
The official announcement of MNP availability
will be made on November 1, followed by a
first phase rollout in 11 circles in north and
west India from third week of November.
Implementation of MNP has been delayed
considerably over the last few months.
The initial deadline of January 1, 2010 has
been extended many times with the latest
being October 31.
Apart from inadequate infrastructure from
service providers’ end, Foreign Investment
Promotion Board’s rejection of MNP
Interconnection Telecom Solutions, the
second company chosen by DoT, has added
to the delay.
MNP Interconnection Telecom Solutions is a
74:26 joint venture between US-based
Telcordia and Deepak Talwar Consultants.
FIPB had rejected the licence after ministry of
home affairs objected on the grounds that
the company had operations in Pakistan
After 13 years of its first attempt to enter the
Indian two-wheeler market through a joint
venture with the Hero Group, BMW revealed
plans to launch BMW Motorrad.
The German luxury carmaker will start selling
the flagship S 1000 RR as well as the R and K
series models in December with prices
expected to start from 18 lakh.
Barton Biggs warned of a US stock-market
bubble as early as January 1997.
Stayed bearish for most of the following
three years as the Standard & Poor’s 500
Index surged more than 90% to a record.
A decade later, Biggs says another bubble is
beginning in emerging market shares.
This time, he’s bullish
Hinduja Group flagship firm Ashok Leyland on
Monday said it has tied up with Himachal Gramin
Bank to provide customers with finance options
for buying commercial vehicles.
Ashok Leyland and Himachal Gramin Bank (HGB)
executed a Memorandum of Understanding on
Friday in Mandi, Himachal Pradesh, which offers
Ashok Leyland's customers very attractive terms
for financing commercial vehicles, Ashok Leyland
said in a statement.
Ashok Leyland has in the past tied up with
several public sector banks. Mandi-based
HGB with a network of 123 branches, is the
latest public sector bank with whom Ashok
Leyland has inked an agreement.