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Shares in Indian airlines rise on the move to allow foreign investment

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Shares in Indian airlines rise on the move to allow foreign investment

Shares of Kingfisher Airlines and Jet Airways have both risen on the news that the Department of Industrial Policy and Promotion (DIPP) has writing to the aviation ministry requesting foreign airlines be allowed to own stakes in domestic airlines. Kingfisher shares rose 4% on the news as it is e...

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