India hikes foreign equity cap for aviation:
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[India News]: New Delhi, Oct 20 : The Indian government Wednesday cleared a proposal to hike foreign investment limit in the domestic civil aviation sector to 49 percent from the existing cap of 40 percent.
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The aviation-electronics company's shares are rising -- along with its profit projections.
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Indian shares appear set to move upwards next week with the benchmark 30-share Sensex index likely to breach the 12,000 level on improved foreign fund buying sentiment, dealers said.
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Richard Branson could qualify to buy a stake in an Indian airline in his personal capacity under India&#39;s existing foreign investment regulations, a top government official says.
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Foreign investment in India continues to soar, rising 65% in the first half of the year according to official figures.
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TOKYO : International carriers are to raise fares on flights from Japan to Europe by five percent in mid-January to cope with soaring oil prices, Japanese airlines said.
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European aircraft maker Airbus Industrie bagged its largest Indian order in 15 years today when it signed a contract to sell 30 180-seater A320 aircraft to low cost carrier Air Deccan.
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The United States and India have reached an open-skies aviation agreement that will lead to more flights, lower fares and stronger economic ties between the two countries, Transportation Secretary Norman Y. Mineta announced Saturday.
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The United Progressive Alliance (UPA) today approved the proposal to hike foreign direct investment (FDI) limit in civil aviation sector from 40 to 49 per cent but barred foreign airlines from holding stakes.
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The Indian government raises the limit for foreign direct investment in telecoms companies from 49% to 74%.
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European equity markets have advanced after Wall Street's Dow Jones shares index hit an overnight record on plunging energy prices, but the aerospace sector flew into turbulence, dealers said.
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India&#39;s only budget carrier Air Deccan agreed on Tuesday to buy 30 A320 planes from Airbus in a deal the European planemaker said was worth USD$1.8 billion at list prices.
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Air France-KLM's  bid for Alitalia  includes a share swap and a capital hike of 750 million euros ($1.09 billion), with up to 1,700 job cuts, Air France's Chairman Jean-Cyril Spinetta was quoted as saying.
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Airbus SAS won an order Tuesday for 30 aircraft from India&#39;s budget carrier Air Deccan in a deal valued up to US$1.8 billion (euro1.38 billion) - the third deal struck in Asia in a week by the European aircraft maker.
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Plans to outspend Boeing in India could mean more commercial and defense business in the country.
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The share flotation of India's Reliance Power raises $3bn (Â£1.5bn), making it India's biggest initial public offering.
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India plans to buy 40 Hawk trainer jets for its air force from British Aerospace (BAe) in addition to 66 purchased for 1.45 billion dollars in 2004, officials said Wednesday.