Sensex 26638.11 77.96 0.29%
Nifty 7954.35 18.3 0.23%
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 / 08:59, Aug 25, 2014
The outlook is a flat start. The BankNifty has given a breakout but many of the large caps are remaining in a range keeping the main indices under pressure.