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PN Gadgil Jewellers' IPO for Rs 1,100 cr to open for subscription on Sep 10
Quick Summary: The Maharashtra-based company's IPO is a combination of a fresh issue of equity shares worth up to Rs 850 crore and an offer for sale (OFS) of equity shares to the tune of Rs 250 crore by promoter SVG Business Trust. Jewellery retail chain P N Gadgil Jewellers Ltd on Thursday fixed a price band of Rs 456-480 per share for its Rs 1,100-crore initial share sale and proceeds will be used for expansion plans and pare debt.
Gig hiring to soar by 20% in festive season, e-commerce may lead: Indeed
Quick Summary: Several industries are reporting a marked increase in demand for seasonal workers, with e-commerce leading the trend with a 35 per cent rise in demand, followed by logistics (15 per cent), retail (14 per cent), and quick commerce (11 per cent). As festival season is about to begin, seasonal hiring is projected to surge by 20 per cent over last year, with the e-commerce industry leading the trend amid increased demand, according to the data by job site Indeed.
Get the Red Carpet Look with Morpheus 8
Quick Summary: This gradual enhancement provides long-lasting results, making Morpheus 8 a worthwhile investment in long-term skin health and aesthetics.1. However, the full benefits of Morpheus 8 continue to develop over time as collagen production increases and the skin continues to remodel. This depth ensures that the treatment can target deeper tissue, providing comprehensive skin remodeling and significant improvements in skin laxity and texture.
CBI books 10 call centres on Amazon and Microsoft for alleged cheating
Quick Summary: The CBI has booked 10 call centre operators for allegedly cheating the customers of US-based technology behemoths Amazon and Microsoft in the name of offering technical support and luring them with attractive offers for plan upgrades, officials on Friday said. The central probe agency had registered the FIR against 10 call centres on a complaint from the Microsoft of which five also appear as suspects in the case registered on the basis of Amazon's complaint, they said.
XRP Scam: Ripple Issues Warning On Rising XRP Scam After SEC Lawsuit Ruling
Quick Summary: According to the announcement, these XRP scams have preceded the order to pay a $125 million fine for violating securities laws in 1,278 institutional sale transactions. Consequently, since the ruling, scammers have been exploiting the situation, leading Ripple to warn its users. Ripple has alerted its community about increased fraudulent activities.
IRS Shares New Crypto Tax Form, Invites Industry Input
Quick Summary: Internal Revenue Service (IRS) has released an updated draft version of the tax form crypto brokers and investors will use to report proceeds from certain transactions, the 1099-DA.
[Weekly funding roundup Aug 3-9] Venture capital investments decline
Quick Summary: The second week of August saw a dip in venture capital (VC) funding, primarily due to the absence of large value transactions. Social media company ShareChat raised $16 million in debt from Singapore-based EDBI. On the other hand, there are positive developments for the Indian startup ecosystem in terms of public markets, that is, stock exchanges, as investors gave a favourable reception to recent initial public offerings.
Ripple Begins Testing Its Stablecoin on Ethereum and XRP Ledger
Quick Summary: The company said it will use both Ripple USD (RLUSD) and XRP for cross-border payments services.
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