Jet Airways rises 17% post reports of Chairman stepping down
Shares of Jet Airways on Monday rallied as much as 17% amid reports that Founder and Chairman Naresh Goyal was likely to step down from the cash-strapped airline's board. Goyal would trim his 51% stake to 20-25%, reports added. Etihad, the airline's second-largest shareholder, may raise its stake to 49% from the 24% it currently owns, reports further said.