* 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.
Trending On Reuters
Three of India's leading state-run lenders reported a drop in their first quarter net profits, weighed down by rise in provision for bad loans and cooling expectations of a turnaround in the country's dominant but ailing government banking sector. Full Article