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MNP attractive to postpaid users: Nielsen
Postpaid users, high spenders and business subscribers are more likely to switch their operator if Mobile Number Portability (MNP) is introduced in the country, while prepaid users may remain loyal to their existing operator, a study today said. http://smallpersonalloans.org.uk

BSNL vs works contractor
The Supreme Court (SC) has set aside the order of the Orissa high court appointing an arbitrator in the dispute between BSNL and a works contractor. According to the terms of the contract, if a dispute arose, the chief engineer, telecommunications, was to be the sole arbitrator. The contractor, Dhanurdhar, repeatedly asked the authorities to appoint an arbitrator, but they did not. Therefore, he moved the high court. It appointed an arbitrator other than the Chief Engineer or his nominee. BSNL therefore appealed to the Supreme Court arguing that the appointment of a person other than the Chief Engineer was against the arbitration clause. The Supreme Court accepted the BSNL contention.

News of the day

Smart thinking
The Railways is not short of smart ideas. After using the inside walls/doors of trains like the Rajdhani Express to place ads, another smart idea is to make use of the long waiting period at its telephonic information services. Those calling 139, the information service, are asked to enter their choices (1 for Hindi, and so on) on various prompts — after a while, ads of Tata Indicom phones get played.
Business Ideas

Nalco to invest Rs 25,000 cr despite profit drop

Allaying apprehension about its disinvestment, aluminium giant National Aluminium Company (Nalco) is all set to invest over Rs 25,000 crore to launch new projects and undertake major expansion despite decline in profit due to global recession. - Nalco granted bauxite mining lease in Andhra - Nalco eyes Rs 10,000 cr in five years - Nalco gains 2% on NPCIL order - Nalco in talks with NPCIL for Rs 12,000cr nuclear power plant - Nalco may start production at expanded unit by month-end - Jaiprakash, IDFC bouyant on Nifty-50 inclusion "Though disinvestment has to be a government decision as it is the owner, Nalco does not figure in the list of public sector companies likely to be disinvested now," Nalco CMD C R Pradhan told reporters here. The government has not sought any comment from the Navaratna company in this connection, Pradhan said. Despite adverse market conditions due to global meltdown that led to a fall in its net profit to Rs 1,272 crore during 2008-09 against Rs 1,632 crore in previous year, Nalco achieved a record turnover of Rs 5,631 crore last fiscal compared to Rs 5,576 during previous year, he said. Posting 100 per cent capacity utilisation in Alumina Refinery and Smelter, Nalco achieved highest ever cast metal production of 361,262 tonnes in 2008-09 against 360,457 tonnes in 2007-08, the company CMD said. On new domestic projects, he said besides a Rs 6,000 crore alumina refinery in Andhra Pradesh, the company plans to set up a 5 lakh tonne smelter plant and 1,250 Mw power unit in Orissa"s Jharsuguda district at an investment of more than Rs 16,000 crore.


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