MARKET EYE-Jet Airways shares rise on Etihad deal hopes
* Shares of Jet Airways Ltd gain 5 percent on continuing speculation that Abu Dhabi's Etihad Airways will buy a stake in the carrier, the first such investment by a foreign carrier in an Indian airline since rules were relaxed last year. * Etihad will finalise a deal to buy a stake in India's Jet Airways on Friday, CNBC TV18 reported earlier this week. * The Gulf carrier could pay up to $330 million for a 24 percent stake in Jet, India's second-biggest carrier, a senior government source told Reuters earlier this month.
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Prime Minister Narendra Modi may consider using an executive order to push through laws overhauling the insurance and coal sectors, if the increasingly fractious parliament fails to pass them soon, two government officials said on Friday. Full Article