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
India hanged Yakub Memon on Thursday for his role in the country's deadliest bombings, which killed at least 257 people in Mumbai in 1993, after the Supreme Court rejected a desperate overnight plea to delay his execution. Full Article | Video
Samsung Electronics cautious on outlook, says mobile business environment tough Full Article