Spicejet, Indigo jump after windfall tax reduced; Jet Airways slides after arrest of its founder Goyal
Spicejet and InterGlobe Aviation, the parent company of IndiGo Airlines, were trading higher in early trading on Monday after the government slashed windfall taxes on locally produced crude oil on Saturday, while Jet Airways was trading lower in the first trading session after the arrest of its founder Naresh Goyal on Friday.
The Finance Ministry on Saturday slashed the windfall tax on locally produced crude oil to Rs 6,700 per tonne. Photo: PTI/Representational