Wednesday, 4 January 2017

Sensex, Nifty open flat; Tata Motors, Infosys, L&T early gainers

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Raising red flags over dilution of FDI norms for local carriers, the Federation of Indian Airlines (FIA) has said the decision would place domestic players at a disadvantage as well as have serious implications on national security. FIA, whose members are IndiGo, SpiceJet, Jet Airways and GoAir, have been vociferous in their opposition against relaxation of foreign direct investment norms for airlines. In a strongly-worded letter to the Civil Aviation Ministry, the grouping has suggested that any dilution in substantial ownership criteria for domestic carriers should be done only on a reciprocal basis.

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