Sensex Up 109 Pts | FIPB Clears Tata-AirAsia Airline JV

Wednesday, Mar 06, 2013 LEAD STORIES FIPB CLEARS TATA-AIRASIA AIRLINE JV  FIPB has cleared AirAsia's joint proposal of starting an airline in India. Ratan Tata is being pursuaded to take chairman's post. read more MKTS RALLY FOR 2ND STRAIGHT DAY; SENSEX UP 109 PTS On back of U.S. accommodative monetary policy & global equity rally, Sensex closed at 19,252.61, Nifty rose 34.35 pts to end at 5,818.60. read more 54% INDIAN CFOS CONSIDER INFLATION A KEY ISSUE: SURVEY More than 54% of CFOs in India consider inflation and its subsequent pressure on commodity prices as key economic concerns, says a survey. read more AGGRESSIVE PM ATTACKS BJP, SAYS NDA WILL BE DEFEATED Prime Minister Manmohan Singh attacked BJP for using 'abusive language' against the UPA and said NDA's India Shining campaign was a disaster. read more TOP STORIES • Dow opens at all-time high, hits 14,300 for the 1st time   • Moily objects to FM's proposal in fuel pricing norms   • Production loss at M&M's Nashik plant due to strike   • Cadbury gets over Rs 250 cr excise duty evasion notice   • HC disposes SEBI plea in Reliance Petroleum case   • DLF's board approves Rs 2,000 cr share sale   • IT-ITeS exports up 23% at Rs 4 lk cr in FY13: govt   • Another Tata scheme: Buy Nano on credit card!   • RCF OFS to hit markets on Mar 8: Govt   • Raj Budget abolishes land tax; offer wheat at Re1   • ICICI to sell 25 kg pledged gold to recover loans   • Sony launches Xperia Z for Rs 38,900   • Ferrari's first-ever hybrid looks terrific: Ratan Tata   • Geneva Auto Show: Lamborghini unveils $3.9 m car   • Ex-Maldives Prez Nasheed walks out as 'free man'   • EU finance min reach basic pact to cap bankers' bonus   • European stocks hit highest since 2008 crash   • Microsoft fined $731 mn for breaking browser promise   • U.S. to allow small knives, bats, clubs on planes   • Venezuelan Prez Hugo Chavez dies of cancer at 58   more stories TOP VIDEOS ASIAN TIGERS: I Feel The Budget Was Quite Up To The Mark Taking Into Account The Fact That The Fiscal Deficit For FY13 Stood At 6% Around Six Months Ago: Sanjiv Duggal, Investment Director-India Equities, HSBC Global AMC   Budget Failed To Address Concerns On Growth And CAD; Do Not Expect Revival In The Capex Cycle Even If Interest Rates Are Cut: Andrew Holland, CEO - Investment Advisory, Ambit Capital   Infosys Will Continue To Invest More In Continental Europe Market: SD Shibulal, MD & CEO, Infosys   AT A GLANCE BSE 19252.61 +109.44 NSE 5818.6 +34.35 TURNOVER Rs. 123,019 cr BSE CASH Rs. 1,854 cr NSE CASH Rs. 11,246 cr NSE F&O Rs. 98,021 cr BULLION GOLD 29486 -83 SILVER 54677 -36 CRUDE NYMEX 90.12 -0.7 BRENT 111.24 -0.37 FOREX $ / Re 54.715 -0.2 £ / Re 82.528 -0.45 € / Re 71.253 -0.32 EVENTS TO WATCH 7-11 March Startup Festival, Bangalore 8 March SEBI Board Meet FM To Address Central Board Of The Reserve Bank 8-10 March Medical Fair India, Pragati Maidan, New Delhi 9 March India Healthcare Awards 2012, The Oberoi, New Delhi 12 March January IIP Data 12-14 March FICCI Frames 2013, Renaissance, Powai, Mumbai

"The reference is to the CAG report on loan waiver scheme. This is a matter which should be entrusted to the Public Accounts Committee as per normal practice. If there are any irregularities, which have been shown, I assure the House that we will take stringent possible action against the defaulters." Manmohan Singh Prime Minister "The broader point is India intends to be friendly to foreign investors and not change the rules of the game on them, We need to nudge the private sector to make the investments. We need to make them (the investors) bring their plans forward and put their projects on the ground." Raghuram Rajan Chief Economic Advisor "The fact this (Modi visit) was cancelled by Wharton is a missed opportunity, and condescends the students in that why should Wharton Faculty or the Wharton Administration assume that Wharton students would have given the Chief Minister a free pass?" Ron Somers. President, USIBC