Wednesday, September 30
Infibeam Avenues shares surged nearly 15% to Rs 23.39 in Wednesday’s trade on BSE after the company submitted the Letter of Offer for its upcoming rights issue to SEBI.In a regulatory filing, the company said this follows its earlier announcement dated 19th June 2025, where the Rights Issue Committee approved the Letter of Offer and other issue-related materials. The document has been submitted to SEBI in compliance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and a related circular issued in March 2025.On 19th June 2025, Infibeam Avenues’ Rights Issue Committee approved raising up to Rs 699.98 crore through the rights issue. The promoter group has confirmed participation. The record date for the issue is 26 June 2025.Also Read: These 10 multibagger p
India's market regulator has directed stock exchanges to monitor whether trading members have implemented "corrective actions", after regulatory inspections found violations, according to a circular issued by BSE on Wednesday. Securities and Exchange Board of India (SEBI) conducted joint inspections with the stock exchanges, the circular said, without specifying when the inspections were made or what violations were identified. However, the circular noted that SEBI will forward these violations to an "Assigned Stock Exchange", which will oversee the timeliness and completeness of corrective measures taken by the trading members. Trading members, including trading houses and brokerages, have to submit a compliance status report within timelines set by the SEBI, with failure to do so attract
Mumbai: Air India, Air India Express, and IndiGo, along with Gulf carriers like Qatar Airways on Tuesday started resuming flights to the Middle East and Europe following the reopening of key airspaces.Countries like Qatar, the UAE, Kuwait, and Bahrain had shut their airspaces on Monday amid a sharp escalation in the Israel-Iran conflict with Tehran launching missile strikes at an US military base in Qatar. This triggered major flight disruptions, affecting air traffic across the Gulf, Europe, and North America. The move to restart services comes as geopolitical tensions in the region appear to be de-escalating.Air India said it would progressively resume services to the Middle East, with most of its operations expected to normalise by June 25. The airline is also reinstating services to Eu
Reliance Brands, the luxury and premium retail subsidiary of Reliance Retail, is merging operations with its parent company ahead of the latter's proposed listing, people familiar with the plans told ET.The consolidation is part of a broader plan to drive efficiency in the retailing business that has lately seen multiple points of sale consolidate through a period of tepid consumer demand.Reliance Brands, which started way back in 2007, will operate as a separate division within Reliance Retail. The move would consolidate overlapping functions-such as property, operations, and back-end teams-under a single umbrella to reduce duplication and foster a leaner structure. 122055071"It just brings greater efficiency and avoids duplication. The focus is on better management," a person aware of t
The statistics ministry is integrating artificial intelligence (AI) into its operations, with AI-enabled chatbots becoming part of key surveys, to provide accurate and up-to-date data to policymakers to help them make evidence-based policy decisions, the minister said."To facilitate self-compilation by enterprises in the web-portal based Capex survey, an AI-powered chatbot has been integrated into the portal," Rao Inderjit Singh, minister of state (independent charge) for statistics and programme implementation, told ET. "This chatbot assists respondents by providing guidance on the concepts used across various sections of the survey questionnaire," he explained. The Capex survey tracks capital expenditure trends of private enterprises.The ministry of statistics and programme implementatio
