This is our 3rd edition of India News Digest that brings you news that you should not miss. We will be posting these News snippets frequently for the benefit of readers.

Mobiles number will now start with 8 !

Yeah, this had to happen sooner than later – with the kind of growth that Indian mobile space is seeing, the 10 digit mobile numbers starting with 9 are coming to end !

The new Mobile numbers will now look something like 8XXXXXXXXX instead of 9XXXXXXXXX.

Even the 95 sub-level of telephone numbers, earlier reserved for trunk calls or STD dialling within a telecom circle, has now begun to be allotted to cellular operators.

Further DOT is also planning to move from 10 digit mobile numbers to 11 digits. It surely shows that DOT had never expected this kind of growth in mobile space and now needs to come up with solutions to keep up the pace of growth.

The Indian Real Estate Market is showing signs of recovery

The Stock market is going up, New stable government in rule, low inflation, lower interest rates etc. factors seem to slowly have positive effect on languishing Indian Real Estate sector.

Since March, we have seen movement in the market. Before that, the confidence and sentiments were very low in the real estate market for almost seven months due to global economic slowdown," Global property consultant CB Richard Ellis Chairman and Managing Director (South Asia) Anshuman Magazine said on the sidelines of a CII function. [source] 

I had written a article on Indian Real Estate, specifically on Pune which has more than 450 comments till date. What is interesting to see (from comments) is that over last 2 years how sentiments have been seesawing. The most latest comments have mentioned that the market is slowly recovering.

Although 2009 may just see flat growth, 2010 seems to show strong signs of recovery

The sorry state of Indian Airline Sector

India is recovering in almost all sectors except for its Domestic/ International Airlines. All the Major carriers are facing hug losses quarter on quarter.

There is an excellent article written by Daniel Michaels on WSJ on the woes of Indian Airline Sector.

The article takes the case of Jet Airways that was making truck loads of money till last year and then suddenly they have been on a loosing spree.

We will be also shortly publishing a in-depth report on state of Indian Economy (It will be addressed in the parliament today by the President of India) that many of you will want to read.

so stay tuned!

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4. Finally some respite for Real Estate buyers