Indian airline shares jump on FDI rumours

Victoria
By Victoria September 13, 2012 15:19

Indian airline shares jump on FDI rumours

News that the Indian government is preparing measures to potentially allow foreign investment in the sector caused airline shares to spike yesterday.
The Times of India newspaper reported that measures on foreign direct investment, including possibly in multi-brand retail, could come after Friday’s cabinet meeting.
SpiceJet shares rose as much as 5.8%, Kingfisher rose by 2.3% and Jet Airways was up by 1.8%.

Victoria
By Victoria September 13, 2012 15:19
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