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Tuesday,15-September-2026
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Bharti Airtel shares rise on announcement of Rs 21K cr rights issue

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Airtel

Share of telecom major Bharti Airtel surged on Monday on the back of the company’s plan to raise Rs 21,000 crore through rights issue.

Its shares on the BSE surged 2.5 per cent to hit an intraday high of Rs 609.25 per share.

Around 11.45 a.m., its shares were trading at Rs 603.00, higher by Rs 9.05 or 1.52 per cent from its previous close.

On Sunday, Bharti Airtel’s Board of Directors approved the raising of up to Rs 21,000 crore through a rights issue.

The issue price has been fixed at Rs 535 per fully paid-up equity share, including a premium of Rs 530 per share.

“The board approved the issuance of equity shares of face value of Rs 5 each of the company on rights basis to eligible equity shareholders of the company as on the record date (to be notified later), of an Issue size of up to Rs 21,000 crore,” the company said in a regulatory filing.

It noted that at the meeting held on Sunday, the board comprehensively reviewed the industry scenario, business environment, and the financial and business strategy of the company and approved the company’s plan to raise further capital.

The terms of payment of issue price will be 25 per cent on application and balance in two more additional calls as may be decided by the board or the committee of the board from time to time based on the company’s requirements within an overall time-horizon of 36 months.

The rights entitlement ratio will be 1 equity share for every 14 equity shares held by eligible shareholders as on the record date.

Further the board has also constituted a ‘Special Committee of Directors’ to decide the other terms and conditions of the issue including issue period and the record date.

The promoter and promoter group of the company will collectively subscribe to the full extent of their aggregate rights entitlement. In addition, they will also subscribe to any unsubscribed shares in the issue.

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Meta to report child safety cases to India’s I4C cybercrime portal (Lead)

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New Delhi, Sep 15: Meta will directly report child safety matters to India’s Cybercrime portal managed by the Indian Cyber Crime Coordination Centre (I4C), the US-based technology giant said on Tuesday.

The decision comes amid heightened scrutiny of Meta in India over the alleged circulation and promotion of child sexual abuse material (CSAM) through advertisements on Instagram.

The government has said the online safety of children is a fundamental principle for every social media platform operating in India and remains non-negotiable, according to government sources. The commitment by Meta is being seen as a first step towards strengthening safeguards for children on social media platforms, they added.

Meta — in a statement on the ongoing issue — said protecting children on its platforms is a priority and that it is committed to working with the government to ensure perpetrators of such crimes are held responsible.

“To collectively strengthen our efforts to combat this harm, Meta will now report child safety matters directly to the Cyber crime portal managed by I4C,” a Meta spokesperson said.

Social media platforms can be used to circulate or facilitate access to CSAM and other forms of child exploitation.

Reporting such cases to law enforcement agencies would help ensure that such incidents are not dealt with solely through platforms’ internal content-moderation systems.

The government has stressed that more needs to be done and that discussions are continuing with other social media platforms to proactively identify and remove harmful content.

It has also warned that action could be taken against platforms that fail to adopt adequate proactive measures to protect children online.

The development comes amid growing global scrutiny of social media platforms over risks to children, including exposure to sexual exploitation, harmful content and online abuse.

In India, social media platforms are governed by the Information Technology Act and the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021, which prescribe due-diligence obligations for intermediaries.

Meta had faced scrutiny after an investigation by the Tech Transparency Project (TTP) found that Facebook and Instagram carried paid advertisements featuring child sexual abuse material this year, including AI-manipulated images of real children.

The investigation also found more than 300 advertisements featuring AI-generated child sexual abuse material on Meta’s platforms.

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Indian equities open higher defying weak global cues

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Mumbai, Sep 15: Indian equity benchmarks opened higher on Tuesday despite global markets remaining under pressure amid elevated US bond yields and crude oil prices.

Sensex opened at 75,369.63, up 587.87 points or 0.79 per cent, while Nifty began trading at 23,576.15, higher by 178.05 points or 0.76 per cent. The gains were led by information technology stocks as Nifty IT index jumped more than 4 per cent, while the Nifty MidSmall IT & Telecom index rose nearly 2 per cent.

Other sectors, Nifty FMCG gained 0.72 per cent, while Nifty Auto rose 0.31 per cent. Media, energy and private banking indices were also marginally higher.

In contrast, Nifty Metal fell 0.58 per cent, while Nifty Financial Services Ex-Bank and Nifty MidSmall Financial Services declined 0.52 per cent and 0.5 per cent, respectively. Nifty Pharma fell 0.37 per cent, while cement, healthcare, consumer durables and realty indices also traded lower.

Among Nifty 50 stocks, Kotak Mahindra Bank, Grasim Industries, BEL, Shriram Finance and InterGlobe Aviation were top losers which declined between nearly 1 per cent and 1.67 per cent.

“Global equity markets will be under pressure from the US 10-year yield hitting the psychological 5 per cent mark. The macro scenario will continue to be under pressure from rising crude prices,” according to market experts.

The continuing boom in the initial public offering market and the outperformance of the broader market were also cited as positives for domestic equities, according to market experts.

On the Nifty’s technical outlook, the expert said the pullback from the 23,260-23,000 region suggested the index was attempting a swing higher after approaching oversold territory, they said.

“This mean reversion move could potentially aim for 23,720,” the experts said, while cautioning that failure to clear 23,515, or a direct fall below the 23,260-23,000 region, could bring the 22,600-21,800 range into focus.

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India‑UAE ties grow into a model for BRICS collaboration: Report

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New Delhi, Sep 14: The United Arab Emirates (UAE) and India are broadening a strategic and economic partnership that serves as “an effective model of cooperation within BRICS,” a new report has said.

The partnership is built on a foundation of historic ties, shared interests and major projects that promote trade, investment and logistics connectivity between markets, the report from Gulf Today said.

“The growing UAE-India partnership, reflected in expanding trade, increasingly integrated logistics corridors and cooperation in investment and innovation, provides a practical model of the UAE’s role within BRICS,” the report said.

Further, the partnership also proves UAE’s commitment to exchanging expertise and perspectives and building more integrated and sustainable economic partnerships.

Bilateral trade reached $101.25 billion in FY26, marking the second consecutive year in which trade between the two countries exceeded $100 billion. The UAE and India have set a target to raise bilateral trade to $200 billion by 2032.

The partnership is being advanced through initiatives such as Bharat Mart, the Virtual Trade Corridor and cooperation under the India‑Middle East‑Europe Economic Corridor (IMEC).

“These initiatives are helping strengthen supply chain integration and create new routes for trade and investment flows between the two countries and global markets,” the report noted.

The UAE-India Comprehensive Economic Partnership Agreement (CEPA), operational since 2022 was hailed as the first agreement of its kind concluded by the UAE. The agreement has bolstered the flow of goods, services and investment and expanded opportunities for the private sector in both countries.

United Arab Emirates and China were the largest destinations within BRICS, together accounting for 88.50 per cent of India’s electronics exports to the grouping.

The number of Indian companies registered as active members of Dubai Chamber reached 85,841 by the end of June 2026 after 7,579 new Indian firms joined in the first half of the year, marking a year‑on‑year increase of 15 per cent, another report said.

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