Sensex opens 88 pts down, extends losing streak, Kingfisher Airlines eyed

AUTOS

Workers at Hero MotoCorp Ltd's Gurgaon plant as workers are considering going in an indefinite hunger strike within the factory premises if their demands for higher wages are not met, according to unidentified workers.

RETAIL

United Spirits Ltd's October-December net profit rose 71.16 percent to 805.5 million rupees from a year ago.

Nestle India Ltd says it bought 26 percent minority stake in Indocon Agro and Allied Activities Private Ltd.

Global consumer confidence dipped at the end of last year, a survey showed on Monday, although India remained the most optimistic consumer market globally for a second straight quarter.

AIRLINES

Kingfisher Airlines Ltd posted a 7.55 billion rupees ($142 million) loss in the three months to Dec. 31 as its planes sat idle, creditors circled and regulators rebuffed the Indian airline's revival plans.

Separately, the employees of grounded Kingfisher Airlines on Monday decided to move court to wind up the company and recover their salary dues.

Jet Airways India Ltd plans to increase capacity by 10-12 percent by next year and will add around six narrow-bodied aircraft in addition to 12 B-777 planes by the end of the next third or fourth quarter, Chief Commercial Officer Sudheer Raghavan said.

Stocks More on Jet Airways