Kingfisher shares at new record low

Kingfisher Airlines hits a new record low of 14.25 rupees,as it heads for a fifth consecutive losing session,on waning hopes the government will allow foreign carriers to invest in the domestic sector anytime soon.

Kingfisher was last down 3 percent,after dropping 10.4 percent on Monday,following comments from a minister that the Indian cabinet is unlikely to consider the FDI proposal before the end of May.