FIIs get nod for transaction in gilts via depositories
The Reserve Bank of India has allowed foreign institutional investors (FIIs) to invest in government securities (gilts) through depositories. This will now enable FIIs to route their transactions in government debt through the subsidiary general ledger (SGL) accounts allowed with the National Securities Depository (NSDL) and Stock Holding Corporation of India (SHCIL).

FIPB may take up Tata plan without ministry views
The Foreign Investment Promotion Board (FIPB) is contemplating taking up the Tata Airline proposal on its own if the civil aviation ministry fails to give its views on the airline in the next few weeks. The Tata Airline proposal was dropped from the FIPB schedule for Saturday as the board was unwilling to defer a decision on the project for the third time.

PFC empowered to borrow without Govt nod
The state-run Power Finance Corporation has been given `full freedom' to raise and invest resources without a formal case-by-case clearance from the government. The authorisation came from the power ministry earlier this week, chairman and managing director Udesh Kohli said.

  Sensex sheds 67 pts
  Rupee rallies further against dollar
  Rajus tighten grip over Shri Vishnu
  Reuters, forex brokers lock horns
  CARE downgrades Lloyds Finance, Nagarjuna
  HC refuses to revoke stay against Sahara, Kuber
  Hawala market takes a beating
  Call rates zoom to 40%, rupee rallies
  Govt clears soyabean futures trading
  Bizbits
  Sugar co-ops flay delicensing