Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

SpiceJet confirms interest from foreign investors

Jan 16 2013, 01:15 IST
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SummarySpiceJet, the other Indian carrier in talks with foreign airline firms for a possible stake sale, said on Tuesday that it is too early to comment on a possible deal.

SpiceJet, the other Indian carrier in talks with foreign airline firms for a possible stake sale, said on Tuesday that it is too early to comment on a possible deal. “Though few investors have evinced interest in the company post government of India allowing FDI in the civil aviation sector to foreign airlines, it will be very premature to comment on the possibilities of any fresh equity issuance to such interested parties or confirm and deny names of any specific entity,” the airline said in a filing to the BSE after media reports said that the deal with Qatar Airways could culminate during the current quarter. A senior government official confirmed that SpiceJet is in talks with foreign carriers but the Kalanithi Maran-owned low-cost carrier has not yet informed the ministry of civil aviation about a specific name or the progress of these talks. On Tuesday, SpiceJet’s share closed 4.09% higher on the BSE at R45.85.

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