Business

He also ruled out the possibility of foreign telecom investors quitting India in the wake of the judgement.

The budget session will commence on March 12. Finance Minister Pranab Mukherjee will unveil the union budget on March 16.

The report could also recommend installation of automatic alert system in case of signal overshooting.

Official said that the survey for the 11.5 km line would start after allocation of funds in the coming budget.

TCS has signed a multi-year, multi-million euro contract with Europcar for deployment of IT services in France.

The company would finalise its strategy after looking at the base price and the reserve price for the spectrum.

Telenor can continue to operate in India for four months while regulators there come up with new market rules.

The Nifty closed tad below the 5200 mark while the Sensex rallied over 17000 level quite smartly.

The RBI has said that it will reintroduce a second LAF repo to inject additional cash into the system.

Huge inflow of foreign money resulted in a sharp appreciation in the rupee.

The BSE benchmark went up 12.72 points, to close at 16,751.73 while the NSE benchmark fell just 2.35 points to 5,046.25.

Mamata Banerjee's sales pitch for attracting investment in the cash-strapped state drew much laughter.

The Sensex dropped 138.35 points, to close at 16,037.51 and the Nifty fell 29.70 points to 4,831.25.

India had recorded a growth rate of 8.5 pc in 2010-11 and was initially estimated to grow by 9 pc this year.

Airlines like IndiGo, SpiceJet, Jet Airways, GoAir, Alliance Air and JetLite have been rapped for issues like non-reporting of incidents.

The replacement being offered to all customers free of cost, is not, however, due to any safety concerns, says Tata.