IndiGo, SpiceJet Shares Rebound as Investors Overlook Rs 106 Crore Penalty

IndiGo and SpiceJet shares staged a dramatic rebound on Wednesday, while Jet Airways traded off the day's lows. The three carriers had earlier slumped between 2-4 per cent on the Competition Commission of India's (CCI) decision to impose a combined penalty of Rs 258 crore for collusion to fix fuel surcharge on air cargo. Here are the latest developments: 1) Budget carriers SpiceJet surged around 8 per cent, while newly listed Inter...