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MNP to be delayed; DoT calls meeting tomorrow
Mobile telephone subscribers would have to wait a little longer to change their service provider without changing their numbers. The introduction of mobile number portability (MNP) across the country would be delayed by about two to three months, as some of the operators are not ready, said a senior official of the Telecom Regulatory Authority of India (Trai).

India Inc pitches for interest rate cut to sustain growth
India Inc today described 6.8 per cent rise in July industrial output as "evidence of recovery" and pitched for a cut in interest rate saying it was necessary to sustain the growth momentum.

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Markets snap four-day winning streak
The markets ended their four-day winning streak as global indices closed lower. The Sensex closed at 17,343, weaker by 57 points, and the Nifty closed flat at 5,169. The broader indices, however, outperformed the benchmark indices. The consumer durables pack was the leading sectoral gainer for the second day in a row while FMCG and metals showed weakness.
Small Business

Commexes turnover jumps by 47.47% till Dec 15 this fiscal

The combined turnover of 23 commodity exchanges in the country surged by 47.47 per cent to Rs 5,174,274 crore till December 15 this fiscal, commodity market regulator FMC said today. - Mundra Port strengthens on net jump - Allahabad Bank up 3% on 8-fold jump in net The business from agricultural items soared by over 99 per cent to Rs 8,39,481 crore, while turnover of other commodities like energy increased by 94 per cent to Rs 2,282,037 crore between April 1 and December 15 of this fiscal, it said in a release. Bullion business rose marginally by 7.07 per cent to Rs 2,052,755 crore in the review period, it added. The maximum business came from gold, silver, crude oil, guarseed, soya oil, chana, mustard seed and sacking, said the Forward Markets Commission (FMC), which releases turnover data every fortnight. In the first 15 days of this month, the total turnover of four national and 19 regional commodity exchanges jumped to Rs 4,44,303 crore from Rs 1,92,562 crore in the year-ago period. The turnover of leading exchange MCX stood at Rs 3,49,585 crore, while agri-commodity bourse NCDEX recorded a business of Rs 56,709 crore in the first fortnight of December. Other national exchanges -- Ahmedabad-based NMCE registered a turnover of Rs 12,624 crore and new entrant ICEX posted a business of Rs 21,517 crore in the review period. Among the regional bourses, the Indore-based National Board of Trade, saw a business of Rs 2,438 crore.


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