Qatar Airways is planning to acquire a stake in an Indian airline, chief executive officer Akbar Al Baker reportedly said.
"India is a huge market, India is a potentially lucrative market," Al Baker was quoted as saying
Al Baker reportedly that he's not studying any specific purchase in India, where changes to rules curbing foreign direct investment from airlines have spurred interest in the market.
Gulf carriers including Abu Dhabi's Etihad Airways are looking to expand into the Indian market after Prime Minister Manmohan Singh's government in September allowed foreign airlines to own as much as 49%of India's carriers.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.