Airtel Money, the financial services arm of Airtel Africa, made a striking entrance on the London Stock Exchange, captivating investor attention. The offer for sale garnered approximately £529 million through the sale of 270 million existing shares. This initial public offering valued Airtel Mobile Commerce NV at around £5.3 billion, with each share set at £1.96. Conditional trading has recently commenced, leading up to full trading on October 14.
The Reserve Bank of India introduced new measures to address the pressure on the rupee. These measures include tightening foreign exchange derivative rules and limiting rebooking of cancelled contracts. Furthermore, a 20% cash reserve requirement has been established for large forex derivatives transactions. The central bank aims to enhance market discipline and promote effective risk management strategies.
CJP Delhi Protest Today: Delhi Police has deployed over 35,000 police and paramilitary personnel ahead of the CJP protest at Jantar Mantar on October 10. Security arrangements include bodycams, drones, facial recognition systems, six detention centres, traffic diversions and Metro station closures.
India addressed the UN General Assembly, condemning Pakistan for its ongoing misrepresentation of Jammu and Kashmir. Member of Parliament Mahima Kumari Mewar emphasized Pakistan's history of military dictatorship and state-sponsored terrorism. India called for Pakistan to cease human rights violations in its illegally occupied territories. The delegation condemned recent attacks on civilians protesting for their rights and freedoms.
Delhi Protest: Ahead of the scheduled ‘Jantar Mantar 2.0’ protest demanding the sacking of Chief Election Commissioner (CEC) Gyanesh Kumar in the national capital, Cockroach Janta Party (CJP)'s founder Abhijeet Dipke on Saturday left for New Delhi, alleging that Prime Minister Narendra Modi is "scared of the youth" and accusing the Centre of "waging a war against its own people" by orchestrating an emergency-like atmosphere.
Connaught Place market is set to be shut on Saturday in anticipation of a planned protest. The New Delhi Traders Association fears significant losses, estimating nearly Rs 2,000 crore. While acknowledging the right to protest, concerns about public safety and business disruption have been raised. Delhi Police has denied permission for the protest, prompting calls for alternative locations.
