India's Jet Airways shares jump on Etihad deal hopes
MUMBAI Dec 17 (Reuters) - Shares of India's Jet Airways rose as much as 4.7 percent on Monday to a near two-year high, and were headed for a fifth straight session of gains, on growing expectations that Abu Dhabi's Etihad Airways will buy a stake in the carrier.
India's Mint newspaper reported on Monday, Etihad may decide as early as this week whether it will invest in Jet Airways or Kingfisher Airlines, citing two people familiar with the development who requested anonymity.
Jet declined to comment.
Jet was up 4.3 percent as of 0557 GMT, after earlier hitting its highest since January 2011. Shares have surged 18 percent over the prior four sessions. (Reporting by Anurag Kotoky; Additional reporting by Abhishek Vishnoi; Editing by Prateek Chatterjee)
- Tweet this
- Share this
- Digg this
- Rihanna, CBS bench opening number for Thursday football
- Apple iPhone 6 pre-orders hit record 4 million on first day
- Google launches $105 Android One; eyes low-price smartphone boom
- Coke, J&J join big corporations behind new employee wellness push
- Citing security threat, Obama expands U.S. role fighting Ebola
India will decide on ending government control on diesel pricing after elections in two states next month, an oil ministry source said, even though local prices of the fuel are currently higher than the global rates, making a case for a cut in retail prices. Full Article
India says to defend China border after standoff ahead of Xi visit. Full Article
Climate smart farmers get tech savvy to save India's bread basket. Full Article