MARKET EYE-Jet Airways shares rise on Etihad deal hopes

Fri Jan 25, 2013 12:51pm IST

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A statue of Ganesh, the deity of prosperity, is carried in a taxi to a place of worship on the first day of the ten-day-long Ganesh Chaturthi festival in Mumbai August 29, 2014. REUTERS/Danish Siddiqui

Ganesh Chaturthi Festival

During Ganesh Chaturthi idols will be taken through the streets in a procession accompanied by dancing and singing, and will be immersed in a river or the sea in accordance with Hindu faith.  Slideshow 

* 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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