India's Jet Airways shares jump on Etihad investment hopes

MUMBAI Thu Jan 3, 2013 9:21am IST

Related Topics

Stocks

   

MUMBAI Jan 3 (Reuters) - Shares in India's Jet Airways rose as much as 6 percent on Thursday, a day after a senior Indian government source told reporters the carrier was the front-runner to win an investment from Etihad Airways.

The Gulf carrier could pay up to $330 million for a 24 percent stake in Jet, and a deal is likely in the next 10 days, the official said.

Jet Airways India Ltd was up 5.2 percent as of 0349 GMT.

However, shares of Kingfisher Airlines, which had been vying with Jet to win the Etihad investment, fell 2.6 percent. (Reporting by Abhishek Vishnoi; Editing by Rafael Nam)

FILED UNDER:
Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

Earnings Season

Reuters Showcase

Obama In India

Obama In India

In parting shot, Obama prods India on religious freedom.  Full Article 

Market Rally

Market Rally

Sensex, Nifty hit record high for fifth straight session.  Full Article 

Restructuring

Restructuring

Max India to be split into three separate companies.  Full Article 

India’s Male Tenor

India’s Male Tenor

India’s lone male tenor wants to ‘Indianise’ opera  Full Article 

Indian Equities

Indian Equities

Hornbill raising $250 mln to invest in equities - partner.  Full Article 

Ratings Downgrade

Ratings Downgrade

S&P downgrades Russia's sovereign credit rating to "junk".  Full Article 

Facebook Outage

Facebook Outage

Facebook takes blame for service outages, which hit wider Web.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage