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Sensex extends losing streak, sheds 79 points
Indian bourses opened in the red as weak global cues and earning worries weighed on sentiment. US stocks tumbled on Friday, their worst three-day slide in 10 months, pulling Asian stocks lower. Selling in information technology and auto stocks pulled the markets deeper into the red.

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Busness Standard / New Delhi May 28, 2009, 0:24 IST

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Japan PM promises to link rupee with yen to boost FDI
In yet another move to increase the flow of Japanese investment into India, visiting Japanese Prime Minister Yukio Hatoyama today assured India’s leading industrialists and bankers to look into the option of directly linking the rupee and yen.
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BSNL getting MNP network ready to lure mobile users of rivals

In a bid to attract subscribers of rival companies, state-run telecom operator Bharat Sanchar Nigam (BSNL) is gearing up to start mobile number portability (MNP) services as soon as telecom regulator Trai issues tariff structure. - Govt issues security guideline to BSNL - BSNL eyes Rs 1,000-cr revenue from infrastructure-sharing - BSNL eyes Rs 1,000 cr revenue from infra sharing biz - BSNL, Novartium tie up to grow broadband base - Global Outlook eyes Rs 25cr from India - Surajeet Das Gupta: So what's a brand between friends?">Surajeet Das Gupta: So what's a brand between friends? Even as the implementation of MNP is likely to be delayed from the scheduled date of September 20, the PSU, which hopes to attract substantial number of users from the rivals like Bharti Airtel and Reliance Communications, has called for expression of interest for MNP gateway. A company official said the MNP gateway would integrate BSNL subscribers data system with the Clearing House appointed by the government (Synverse or Telecordia). BSNL has lost number two GSM operator position to Vodafane Essar due to delay in network expansions. Complaints of poor service has also hit the PSU"s efforts to garner more users. In July, BSNL subscriber base stood at 4.9 crore against Bharti"s 10.23 crore and Vodafone"s 7.64 crore. MNP service allows subscribers retain their mobile number when they switch from one service provider to another or from one technology to another of the same service provider. The Department of Telecom (DoT) had notified September 20 as the date of implementation for MNP service. Later, Telecom Secretary Siddartha Behura said MNP will come by the year-end as the regulations are being prepared. Syniverse Technologies and MNP Interconnection have been selected by DoT to carry out the MNP exercise.


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