Jet zooms 26% amid reports of Tatas buying stake

New Delhi
Shares of Jet Airways Thursday zoomed up to 26% on bourses amid reports that Tata Group was in talks to buy a controlling stake in the cash-strapped airline. After a positive opening on the BSE, shares of the company soared 24.52% to close at Rs 320.95. PTI

New Delhi
FinMin plans share sale in insurance firms

The Finance Ministry on Thursday said it is planning to come out with a share sale offer of two recently listed insurance companies — GIC and New India Assurance. GIC was listed on the bourses in October last year, while New India Assurance Company Ltd made its stock market debut in November last year. PTI

New Delhi
Trade deficit widens 

Exports rose by 17.86% to $26.98 billion in October. Imports also rose by 17.62% to $44.11 billion, leading to widening of trade deficit. PTI