C4 Beagle Board - USB LAN detected, ping is not working

Hai,
I am able to bring up Ethernet in Beagle board C4. Static IP is been
assigned to the board by using the ifconfig. Please find below the
details

Cat information of USB:

cat /proc/bus/usb/devices

T: Bus=02 Lev=00 Prnt=00 Port=00 Cnt=00 Dev#= 1 Spd=480 MxCh= 1
B: Alloc= 0/800 us ( 0%), #Int= 0, #Iso= 0
D: Ver= 2.00 Cls=09(hub ) Sub=00 Prot=00 MxPS=64 #Cfgs= 1
P: Vendor=1d6b ProdID=0002 Rev= 2.06
S: Manufacturer=Linux 2.6.28-omap1 musb-hcd
S: Product=MUSB HDRC host driver
S: SerialNumber=musb_hdrc
C:* #Ifs= 1 Cfg#= 1 Atr=e0 MxPwr= 0mA
I:* If#= 0 Alt= 0 #EPs= 1 Cls=09(hub ) Sub=00 Prot=00 Driver=hub
E: Ad=81(I) Atr=03(Int.) MxPS= 4 Ivl=256ms

T: Bus=01 Lev=00 Prnt=00 Port=00 Cnt=00 Dev#= 1 Spd=480 MxCh= 3
B: Alloc= 0/800 us ( 0%), #Int= 1, #Iso= 0
D: Ver= 2.00 Cls=09(hub ) Sub=00 Prot=00 MxPS=64 #Cfgs= 1
P: Vendor=1d6b ProdID=0002 Rev= 2.06
S: Manufacturer=Linux 2.6.28-omap1 ehci_hcd
S: Product=OMAP-EHCI Host Controller
S: SerialNumber=ehci-omap.0
C:* #Ifs= 1 Cfg#= 1 Atr=e0 MxPwr= 0mA
I:* If#= 0 Alt= 0 #EPs= 1 Cls=09(hub ) Sub=00 Prot=00 Driver=hub
E: Ad=81(I) Atr=03(Int.) MxPS= 4 Ivl=256ms

T: Bus=01 Lev=01 Prnt=01 Port=01 Cnt=01 Dev#= 2 Spd=480 MxCh= 4
D: Ver= 2.00 Cls=09(hub ) Sub=00 Prot=01 MxPS=64 #Cfgs= 1
P: Vendor=05e3 ProdID=0608 Rev= 9.01
S: Product=USB2.0 Hub
C:* #Ifs= 1 Cfg#= 1 Atr=e0 MxPwr=100mA
I:* If#= 0 Alt= 0 #EPs= 1 Cls=09(hub ) Sub=00 Prot=00 Driver=hub
E: Ad=81(I) Atr=03(Int.) MxPS= 1 Ivl=256ms

T: Bus=01 Lev=02 Prnt=02 Port=01 Cnt=01 Dev#= 3 Spd=12 MxCh= 0
D: Ver= 1.10 Cls=00(>ifc ) Sub=00 Prot=00 MxPS= 8 #Cfgs= 1
P: Vendor=0fe6 ProdID=8101 Rev= 1.01
S: Product=USB Network Controller
S: SerialNumber=
C:* #Ifs= 1 Cfg#= 1 Atr=a0 MxPwr=120mA
I:* If#= 0 Alt= 0 #EPs= 3 Cls=00(>ifc ) Sub=00 Prot=00 Driver=(none)
E: Ad=81(I) Atr=02(Bulk) MxPS= 64 Ivl=0ms
E: Ad=02(O) Atr=02(Bulk) MxPS= 64 Ivl=0ms
E: Ad=83(I) Atr=03(Int.) MxPS= 8 Ivl=1ms

The Static IP was set using the ifconfig as below.

ifconfig usb0 172.16.15.42
ifconfig
lo Link encap:Local Loopback
          inet addr:127.0.0.1 Mask:255.0.0.0
          UP LOOPBACK RUNNING MTU:16436 Metric:1
          RX packets:0 errors:0 dropped:0 overruns:0 frame:0
          TX packets:0 errors:0 dropped:0 overruns:0 carrier:0
          collisions:0 txqueuelen:0
          RX bytes:0 (0.0 B) TX bytes:0 (0.0 B)

usb0 Link encap:Ethernet HWaddr 00:1F:A4:A8:86:35
          inet addr:172.16.15.42 Bcast:172.16.255.255 Mask:
255.255.0.0
          UP BROADCAST RUNNING MULTICAST MTU:1500 Metric:1
          RX packets:0 errors:0 dropped:0 overruns:0 frame:0
          TX packets:0 errors:0 dropped:0 overruns:0 carrier:0
          collisions:0 txqueuelen:1000
          RX bytes:0 (0.0 B) TX bytes:0 (0.0 B)

After this when we tested it using the ping command, the request is
always timedout.

Can anyone help me to solve this issue. Has anything been wrongly
implemented here.