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Corporate Economy Expressions Markets Leisure 18 January 1998   FIPB clears the runway for Tata Airlines The Foreign Investment Promotion Board (FIPB) has cleared Tata Airlines' proposal to induct 40% foreign equity in its proposed Rs 1475-crore airline. Tata Airline will have a seven aircraft fleet and will fly to 12 destinations in the first year of operation.   BJP economic agenda to introduce more teeth and accountability for Sebi The Bharatiya Janata Party (BJP)'s economic agenda will seek to introduce accountability for bodies like the Securities and Exchange Board of India (SEBI), even as it approves strengthening of the market regulator. It is keen that economic offenses are made cognisable so that innovative finance schemes donot dupe investors. Reserve Bank lifts ban on fresh FII purchases in SBI, HDFC shares The Reserve Bank of India (RBI) yesterday removed the ban on fresh foreign institutional investors (FII) purchases in the shares of State Bank of India (SBI) and Housing Development and Finance Company (HDFC). With the lifting of the ban on FII purchase, foreign funds get a chance to buy SBI shares from the market. Ministry mulls floating separate firms for ten major airports The Union civil aviation ministry is considering a proposal to float separate companies for the 10 big airports in the country. The airports to be transferred to separate companies include those at New Delhi, Mumbai, Calcutta, Chennai, Hyderabad, Bangalore, Ahmedabad, Guwahati and Panaji.   Skindia GDR index touches 52-week low Mirroring a continuous price erosion witnessed by the GDR stocks, the Skindia GDR index slumped to touch a new 52-week low of 756.34 points on January 12. The index recorded a net loss of 10.51% to close at 778.56 points against its previous week's close of 870.04 points recorded on January 8. United Breweries may enter Bangladesh, Sri Lanka; Carlsberg launch deferred United Breweries is likely set up operations in Bangladesh and Sri Lanka. With a 100% subsidiary already operational in Nepal, the new acquisitions will make UB a major force in the sub-continental market. Even as the UB Pegasus is spreading its wing in the international market, its joint venture in India with Carlsberg is still to take off.   CORPORATE Adidas sets up shop in Chennai JD Power plans to survey customer satisfaction levels ECONOMY Banks in Kerala all set to hike prime lending rate IMF chief ends tour of Asia with China stop-over EXPRESSIONS For electronic toy makers, innovation brings success Back to the pavillion MARKETS No plan to hike IDBI's flexibond issue coupon Carryforward rates continue to hover around 9% LEISURE A city of toy Of tender touch and hard selling alt="Bottom banner spot" border="0">