BUZZ-India aviation stocks rise after cut in jet fuel tax

Shares of Indian airlines rise despite the global sell-off after govt said on Wednesday it would cut the factory gate tax on jet fuel to 11 pct from 14 pct

** InterGlobe Aviation Ltd rises as much as 6.1 pct to 790 rupees

** Jet Airways (India) Ltd gains as much as 4.2 pct to 197 rupees, while SpiceJet rises as much as 4.1 pct to 70.9 rupees

** Indian aviation cos have taken a hit recently due to rising oil prices, depreciating rupee

** InterGlobe stock lost 38.3 pct, Jet fell 77 pct and SpiceJet fell 53.3 pct this year, as of last close Read More

You may also read!

Anil Ambani welcomes SC order on Rafale

Reliance Group Chairman Anil Ambani Friday welcomed the Supreme Court order on the multi-billion dollar Rafale jet deal, saying


How Will Rafale Fighter Jets Compete Against Chinese J-20 Jets at India-Bhutan-China Tri-Junction?

As EurAsian Times reported earlier, the Indian Air Force officers in Hasimara have written to the defence ministry seeking


Jammu and Kashmir: Pakistan violates ceasefire in Poonch thrice in 3 days, Indian Army retaliates

Pakistan Army on Friday violated ceasefire along the Line of Control (LoC) in Jammu and Kashmir's Poonch region. The violation


Leave a reply:

Your email address will not be published.

Mobile Sliding Menu