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What would Solomon Lew’s retail empire, Premier Investments, be worth if its most lucrative assets were split up and spun out? That’s the question on the mind of shareholders ahead of the company’s results on Thursday.

IndiGo CEO Pieter Elbers to ET Now after the Aviation Working Group (AWG) for the second time cut India's compliance rating with international leasing laws and kept the country on a watchlist with a negative outlook amid a dispute between local airline Go First and its aircraft lessors. The move by AWG, a UK-based entity that monitors leasing and financing laws, came as bankrupt budget carrier Go First is locked in a legal tussle with aircraft lessors seeking to repossess jets. The IndiGo CEO called India as one of the most competitive aviation markets in the world and said there is also a lot of competition in the market. Elbers was speaking at the conference of the All India Management Association (AIMA) in the national capital. IndiGo is the country's largest carrier with a domestic market share of more than 63 per cent and is also expanding its international operations. The airline connects 32 international and 81 domestic destinations. Elbers said India is an incredible and one of the most competitive aviation markets in the world. IndiGo is going through a «maturing phase», he said and stressed on the need for having aviation hubs in India, which is under-served.

JSW Infrastructure IPO: Bidding for the initial public offering (IPO) of JSW Infrastructure Ltd opened on 25th September 2023 and the issue will remain open till 27th September 2023. The book build issue has been offered at a price band of ₹113 to ₹119 per equity share and the public issue has been subscribed 0.43 times on day one of bidding. According to stock market observers, shares of JSW Infrastructure Limited are available at a premium of ₹21 in grey market today.

Manoj Vaibhav Gems IPO: The initial public offering (IPO) of Manoj Vaibhav Gems 'N' Jewellers Limited opened for subscription on 22md September 2023 i.e. on Friday last week. The three day subscrion of the main board issue is ending today and hence investors have just one day in hand to apply for the book build issue.

loans and guidelines on the management of intra-group transactions and exposures. An examination of a risk assessment report showed non-compliance with directions by SBI to the extent that the bank sanctioned a term loan to a corporation in lieu of or to substitute budgetary resources envisaged for certain projects without undertaking due diligence on the viability and bankability of the projects, the RBI said in a statement on Monday. The central bank further said that the repayment or servicing of the loan was made out of budgetary resources and failed to adhere to the intra-group exposure limit.

The SEC ordered a subsidiary of Deutsche Bank to pay a $19 million penalty for not delivering to clients what it promised in its ESG mutual funds.

Campbell Wilson took up what is arguably the toughest job in aviation as the chief executive officer and managing director of Air India. Sitting in the swanky new headquarters, a sign of shedding its erstwhile government identity, Wilson says a lot has been achieved but with multiple legacy issues, it will take time to build a completely new Air India. Edited excerpts from an interview with Arindam Majumder & Vinay Pandey.More than a year into the corner room. How much has been done? It's a five-year transformation programme and the first phase was largely focused on trying to address many of the accumulated issues of the past.

Gatestone Institute senior fellow Gordon Chang says Americans will soon have to 'worry about attacks' on military bases, shopping centers or reservoirs. 

By Yelin Mo and Brenda Goh

At the U.N. General Assembly meeting in New York, African leaders are relaying a unanimous message, that their continent of more than 1.3 billion people is done being a “victim” of a post-world war order and must be recognized and partnered with as a g...

Mahindra& Mahindra company in Kanpur, Uttar Pradesh. The complaint has serious allegations which include fraud as well. The victim alleges that Mahindra employees sold the Scorpio SUV without airbags and due to which his only son died in the accident.

The SEC marketing rule, which runs for 430 pages, can be complicated. But the agency’s exam sweep on compliance with the rule is straightforward. 

Stocks took a hit last week, with the S&P 500 plummeting by more than 3% and the Nasdaq 100 by almost 3.5%. The Russell 2000 fared even worse, dropping nearly 4%. While markets have declined, let’s face the reality: they could dip further. The S&P 500 is only 6% off its peak, and the Nasdaq 100 has decreased just 7.7%. This is relatively modest, considering that the Nasdaq is still up about 38% from its December lows, and the S&P 500 has climbed 23.5% from its October trough.

Supreme Court on Monday told former Delhi minister Satyendar Kumar Jain, an accused in a money laundering case, to not make pendency of the proceedings before the apex court a ruse to delay the trial in the case. A bench of Justices AS Bopanna and Bela M Trivedi, which extended Jain's interim bail till October 9, made the remark after the Enforcement Directorate complained about the AAP leader seeking repeated adjournments in the trial court. «It is made clear that pendency of proceedings before this court or any reason shall not be used as an excuse or ruse to defer proceedings before the trial court, but the petitioner would diligently take part in proceedings before the trial court and allow the case to progress,» the bench ordered. At the outset, a counsel appearing for Jain sought a short adjournment in the case, saying senior advocate Abhishek Singhvi, who usually represents the former minister is unavailable. Additional Solicitor General SV Raju, appearing for the Enforcement Directorate, did not oppose the request but said Jain was seeking repeated adjournment of proceedings to delay the hearing before the trial court. Requesting the court to order Jain to not seek any further adjournments before the trial court, Raju submitted, «As many as 16 dates have been taken in trial court just to get documents under Section 207 of the Code of Criminal Procedure (supplying copies of statements recorded by the police, relevant documents, or extracts from the documents to the accused).

Sriram Krishnan, Chief Business Development Officer, NSE, says “we have taken a bit of time to have these discussions because we wanted to cover all types of stakeholders, not just the domestic ones, but even the foreign portfolio investors. After a lot of discussions they have come up with this suggestion that we should not touch the cash equity segment, but it would be the right thing to do if we were to extend the trading hours for the equity derivative segment. So, for a start, we are looking at a session from 6 pm to 9 pm India time where we will offer index options and futures.”What is the National Stock Exchange plans for extending trading hours for equity derivatives? We submitted a proposal a couple of weeks back, I do not remember the exact date but very much in this month.

ChatGPT maker OpenAI said on Monday that it was possible to get regulation wrong but it is important and should not be feared, amid global concerns about rapid advances in artificial intelligence, or AI. Many countries are planning AI regulation, and Britain is hosting a global AI safety summit in November, focusing on understanding the risks posed by the frontier technology and how national and international frameworks could be supported.

Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Anil Singh, counsel for the petitioner, notified the bench that the monitoring committee had already held a meeting. They decided to install one artificial pond within Aarey, operational since September 20.

ANI, HD Devegowda said, “I request the Center to send a team to Karnataka and let them investigate the present water situation in the state...I'm alive not for politics or power. We are here to save the people of the state, my party exists for this." Gowda further noted, “I have made an appeal to the PM on the prevailing situation. In my letter to the PM, I wrote that the Jal Shakti department should file a review petition and a committee of experts should be sent to Karnataka to study the water and standing crop situation." The protestors demanded the sharing of Cauvery water to save the standing ‘kuruvai’ crop cultivation in Tamil Nadu.

Updater Services IPO: The initial public offering (IPO) of Updater Services Limited has opened today and it will remain open for subscribers till 27th September 2023. The public issue has been offered at a price band of ₹280 to ₹300 per equity share and the company aims to raise ₹640 crore from this initial offer. Out of ₹640 crore, ₹400 crore will be raised via issuane of 13,333,333 fresh shares while the rest ₹240 crore is aimed via Offer for Sale (OFS).

This is part of a series of interviews with the winners of The Economic Times Startup Awards 2023. Govind Agarwal and Afsar Ahmad, cofounders of online gaming firm Gameberry Labs that won the Bootstrap Champ category in The Economic Times Startup Awards 2023, said the company is focussed on growing steadily without any external funding. The Bengaluru-based startup, in fact, is considering acquisitions as profit piles up. While the online gaming sector has seen active investor interest in India, Ahmad, an IIT-Kharagpur alumnus, said Gameberry was averse to raising capital right from the beginning.

Pralhad Joshi on Sunday accused Congress leader Jairam Ramesh of insulting the people of the country by criticising the new Parliament building. «Jairam Ramesh, your party's antics are fooling no one.