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T
he Karnataka govern- SCARE ON BOURSES TIMES NEWS NETWORK
ment is mulling over a Bengaluru: Investors and Infosys shares tank Bengaluru: With rumours
proposal to build a former Infoscions said it wo- 4% in early-morning trade, about plastic rice, plastic eggs
tunnel between Mehkri Cir- uld not be a bad thing if In- but recover to close with and plastic sugar raising sus-
cle and Columbia Asia Hos- fosys cofounders were to sell 0.78% decline picions about the quality of
pital along Ballari Road to their stake in the company, food being consumed, the Kar-
Some investors say it isnt a
facilitate smooth traffic to though it will be a pivotal nataka government has or-
bad thing for founders to sell
the international airport. moment for Indias second- dered an inquiry to know the
their stake in the company
Bengaluru development largest IT services provider. facts on the ground.
minister KJ George on Fri- One of the biggest insti- Company cofounder NS Replying to the issue
day met officials of a Bul- tutional shareholders in the Raghavan says stake sale is a raised by CT Ravi (BJP) in the
garian company to discuss company, Aberdeen Asset question of quantum and speed legislative assembly on Fri-
the project and its details. Management, said if the An industry expert says day, health minister KR Ra-
FULL REPORT | PAGE 6 news of the founders explo- share sale may be better in mesh Kumar said: Food ex-
ring share sale was true, the long run for both founders perts and scientists have
Interestingly, in March maybe moving on is no bad and company ruled out plastic rice or eggs.
this year, the government thing. Asked if such a move Since reports keep surfacing
dropped the controversial will affect investor senti- 0.78% decline. NYSE-listed in the media, we have ordered
steel bridge on the same ments, Aberdeen Asia MD Infosyss ADR opened in the an inquiry. We will ascertain
stretch following public out- Hugh Young said, Both wa- red with the stock down if these are a fallout of gossip
cry over the huge cost of the ys, I guess. Gets it over and 2.82% to $14.86 apiece in ear- or if there is any truth.
project and a possible axing done with and hopefully ly-Friday trading. Ravi said plastic food items
of hundreds of trees along stops the badmouthing, whi- The fall in Infosys share were adding to the fear factor
the planned stretch. Many le it is extremely sad the in- price dragged the broader IT among the public. Joining the
urban experts have shot spirational founders have index on Friday with shares discussion, food and civil sup-
down the tunnel proposal left. Again, if true. of TCS and Wipro declining plies minister UT Khader
too, saying it is not feasible Infosys shares tanked 4% 0.5% and 1.6%, respectively. spiked reports about plastic
for the citys terrain and the in early-morning trade, but rice being supplied under the
cost will also be huge. recovered to close with Promoters vs board, P19 Anna Bhagya programme.
STATOISTICS
WHERE AIR INDIA BEATS ITS AMERICAN RIVALS
Indian national carrier is one of the worlds smallest and most loss-laden airlines with a
cumulative debt of 50,000 crore. But a comparison of global
airlines on price-service matrix showed Air India to be better than
two American airlines, United and American, and at the same
level as the thirdDelta. May be bakra isnt what the potential
buyer of Indias oldest airline is likely to be.
250,000
INTERNATIONAL AIRLINES PRICE VS SERVICE 125,000
TOTAL FLIGHTS, 50,000
NORTH AMERICAN EUROPEAN ASIAN Q4 2015 5,000
4.5
Cathay Pacc
(OUTOF
KLM
RATING(OUT
Emirates
Japan Airlines Lufthansa
3.5
CUSTOMERRATING
3.0
Delta
Air Canada China Eastern
Air China
2.5 Air India
American
Airlines
EXPENSIVE, CHEAP,
UNSATISFYING United UNSATISFYING
2.0 Airlines
115 110 105 100 95 90 85