Bhopal is facing a serious air pollution problem, and it seems like the traditional tandoors are adding to the mess. Even with the National Green Tribunal (NGT) trying to clamp down on these old-school ovens, many are still in use, causing a big headache for health experts.
Afcons Infrastructure has set its IPO price band at ₹440-463 per share, opening from October 25 to 29. The IPO size has been reduced to ₹5,430 crore, with a focus on debt repayment and capital expenditures, amid a recent credit rating downgrade. The company has a strong order pipeline, including major projects like the Mumbai-Ahmedabad bullet train tunnel.
Allied Blenders and Distillers Limited (ABDL) has teamed up with Roust Corporation to roll out Russian Standard Vodka in India. While this partnership aims to dive into the booming vodka market, ABDL’s stock took a 3.11% dip after the announcement.
Waaree Energies Limited’s IPO kicked off with a bang, attracting 4.76 crore bids for 2.11 crore shares on offer, resulting in a 2.26x subscription. Non-Institutional Investors led the way, while Qualified Institutional Buyers weren’t as eager. The offering is open until October 23, 2024.
PhonePe has cut its customer support staff by 60% over the last five years, showing just how much AI technology is taking over. This shift highlights the need for businesses to adapt to automation, impacting jobs and the industry as a whole.
Amazon Web Services CEO Matt Garman recently reaffirmed the company’s five-day work-from-office rule during an all-hands meeting, saying that in-person teamwork is key for innovation, even though employees are worried about work-life balance and commuting costs.
A company accidentally hired a North Korean cyber criminal who stole sensitive data and tried to extort them after getting fired. This hacker faked his credentials, used company tools to download info, and demanded a ransom in cryptocurrency. It’s a stark reminder of the rising threat from North Korean infiltrators in remote jobs.
India’s retail distributors are pushing the antitrust authority to look into Blinkit, Swiggy, and Zepto for what they claim are predatory pricing tactics that threaten local retailers. Quick commerce is booming, but it might be messing with the traditional distribution game.
A complaint from Pune investor Harshal Shantaram Pinjan has blown the lid off a jaw-dropping Rs 900 crore fraud linked to the OctaFx forex trading platform. The scam, which promised huge returns, mainly targeted folks with hearing and speech disabilities, leading to major financial losses. As the investigation heats up, authorities are teaming up internationally to tackle this widespread con.
Jio, owned by Mukesh Ambani, has lost a whopping 10.9 million users after raising its tariffs, even though its 5G subscriber numbers are on the rise. The company thinks this drop is pretty normal and won’t hurt their profits, as they’re focused on beefing up their 5G network and services.