Business

Singh said all stakeholders, including banks, airports and oil companies, will have to give no-objection certificates for the carrier to fly again.

"I was not worried when I took over, and after so many steps that we have taken, I think I should be less worried," said the finance minister.

The Sensex closed Thursday's session up 146.40 points at 19964.03, while the Nifty too had a decent outing ending up 37.35 points at 6039.20.

Sources said Kingfisher told DGCA the airline would be ready to resume operations from the Summer Schedule, beginning in April.

Kapoor will step down on February 28 and Vittal, currently group director of special projects, will take over March 1.

Rupee lost its gains due to renewed demand for the US currency from banks and importers amid firm global cues.

The Reserve Bank of India had projected December inflation of around 8 per cent in its October policy review.

Tata's Sardana said the Mundra Ultra Mega Power Project (UMPP) in Gujarat has not violated any environmental norms.

The Sensex provisionally ended down 0.38 per cent, while the Nifty lost 0.43 per cent.

A higher opening in the domestic equity market and the strengthening of euro and yen against the dollar overseas also aided the rupee, dealers said.

The wide-based Nifty of the National Stock Exchange regained the 6,000 mark, helped by gains in FMCG giant ITC and housing finance major HDFC.

The company had envisaged an investment of Rs 10,500 crore in single-brand retail trading.

Vanitha Narayanan has over 25 years of experience working for IBM with multiple client sets in several countries.

Realty and metal stocks rallied on increased buying activity after the US averted the looming fiscal cliff.

Among other gainers, ICICI, L&T and Maruti shares surged more than 60 per cent.

With a whiff of global recovery in the air, investors in 2013 are packing their bags for China, Brazil and Russia.