The Foreign Investment Promotion Board (FIPB) has cleared AirAsia-Tata Sons JV's investment proposal, according to reports.
Earlier reports stated that that the aviation ministry is understood to have opposed the plan.
AirAsia Group CEO Tony Fernandes is keen to kick off his airline in the country as early as May-June instead of his earlier plans towards the year-end, report said.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.