Money on the markets
A maturing market amid the mayhem
Airline stocks face the heat
Airline stocks failed to bring cheer to the market on Monday after the Federation of Indian Airlines (FIA) called off plans for a one-day strike later this month.
Private airline operators had on Friday announced they would suspend operations on August 18 to protest the lack of government relief for the ailing industry.
India’s airlines suffered a cumulative $2 billion of losses in 2008/09 on high operating costs and a fall in demand amid a global slowdown.
Shares in Kingfisher dropped 2.3 percent, Spicejet ended down 1.3 percent while Jet Airways fell 2.37 percent.
-
- Jindal to expand steel output, buy mines in West Africa
- Wall St slips on Fed stimulus uncertainty; P&G jumps
- HSBC calls for faster banking reforms
- Niko Resources discovers huge gas in India block; shares soar
- Jet Airways, SpiceJet report quarterly losses
- Economy secretary: no "lull" in RBI's bond purchases
- AirAsia India launch seen in Q4; may order 50 more Airbus jets: CEO
- Vestas says fraud squad investigating ex-finance chief
- Gold faces more pressure as inflation stays tame
- Stimulus fears haunt world share markets, dollar recovers
The Wall
