Resourceful Automobile’s stock listed flat at its IPO price of Rs 117 on August 29, even though it was massively oversubscribed by 400 times. The Delhi-based company, which runs just two outlets and has a small team, saw bids for 40.76 crore shares compared to the 9.76 lakh available. The stock's initial performance didn’t live up to the grey market hype, where it was trading at an 89% premium.
SpiceJet's flights from Dubai hit another snag on August 29 because of payment issues. Multiple flights had to turn back to India empty since the airline couldn't pay for parking. This is just another chapter in SpiceJet’s ongoing saga of financial troubles and operational problems. They’ve had a rough month with various disruptions, delayed employee wages, and even a recent court ruling that's affected their operations.
Mukesh Ambani just dropped some big news at Reliance’s AGM: they’re building a massive electrolyser manufacturing plant that’ll be up and running by 2026. Plus, he unveiled JioBrain, a new AI-powered initiative to boost efficiency and service at Jio by weaving Generative AI into everything they do.
Reliance Industries' shares went up by 3% after the company said they're considering a 1:1 bonus issue on September 5. The stock reached Rs 3,074.80 on the BSE, marking an 18% increase for the year. This news came right before the company's 47th AGM.
Heavy rains in Gujarat have really messed up a part of the Rajkot-Ahmedabad highway. The downpour caused some serious damage, and there's a video going around on social media showing just how bad it is.
In Mumbai, 22-year-old dog trainer Hasrat Ali passed away after a Great Dane attacked him during a training session at Marshal Dog in Vikhroli. His family thinks something fishy might be going on, especially since they’ve filed an FIR against the company for negligence. The delay in the postmortem has only added to their worries.
Key Points The Pantanal, the biggest tropical wetland out there, is burning up with wildfires. These fires are killing off tons of rare animals, including jaguars and giant anteaters. So far, more than 7,000 square miles of the wetland have been scorched, causing huge environmental damage. The Pantanal's rich biodiversity is in big trouble, with many species at risk of disappearing. This is the worst wildfire season Brazil has seen since they started keeping track in 1998. Conservationists and scientists are super…
Key Points PCB's using AI to pick squads for the Champions Cup. AI will handle 80% of the job, while humans will take care of the remaining 20%. PCB's the first cricket board to openly use AI for selecting players. PCB chairman Mohsin Naqvi is all about being transparent and accountable in picking players. Naqvi wants to fix old problems with player data and selection records. Former cricketers like Misbah-ul-Haq, Saqlain Mushtaq, Sarfaraz Ahmed, Shoaib Malik, and Waqar Younis are on board…
Key Points Naseem Shah's performance in the first Test against Bangladesh raised concerns about his fitness. Bangladesh achieved their first-ever Test win against Pakistan with a 10-wicket victory, taking a 1-0 series lead. Naseem's 'bulging belly' has been a topic of criticism online, with many questioning his fitness for a 21-year-old. The pitch conditions were challenging for fast bowlers, contributing to Pakistan's defeat. Naseem expressed frustration over the pitch conditions and the lack of support for fast bowlers. Pakistan’s recent performance…
Key Points Nareshi Meena, a contestant on KBC 16, shared her battle with a brain tumour during the show. Amitabh Bachchan promised to cover her proton therapy costs after hearing her story. Nareshi won Rs 50 lakh on the show, which she’ll keep, and Amitabh Bachchan's team will pay for her treatment. She’s super thankful and happy, with her family and community celebrating her big win. Nareshi plans to use some of her winnings to buy back her mom’s jewelry and maybe…