Reuters Market Eye - SpiceJet (SPJT.BO) ended nearly 1 percent higher on hopes the carrier would also attract foreign investment after a senior government source told reporters rival Jet Airways(JET.NS) was the front-runner to win an investment from Etihad Airways.
Later Jet Airways (JET.NS) said that it was in talks with Etihad for a potential stake sale in the Indian carrier, although terms have not been finalised yet. The statement was the first confirmation of a potential deal by either side.
(Reporting by Abhishek Vishnoi)
Trending On Reuters
Over a dozen debt-laden farmers have committed suicide in recent weeks in India, and discontent in many rural areas against government policies is turning into anger against Prime Minister Narendra Modi less than a year after he swept into office. Full Article