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India's biggest IPO to date, Hyundai Motor India's offer worth Rs 27,870.16 crore was fully subscribed today i.e. the last day of subscription. The issue, which opened on October 15th, 2024, was subscribed to a total of 2.12 times, with QIBs making a mad, last-minute dash for the IPO, subscribing to it by over 6 times. Retail participation in Hyundai Motors India's IPO remained largely subdued, with investors only subscribing to 45% of the shares earmarked for them. As against 4.94 crore shares which were allocated for them, investors only bid for 2.23 crore shares. QIBs (Qualified Institutional Buyers), who had been offered about 19.89% of the total issue pie, ended up with oversubscribing to the issue by a massive 6.32x. QIBs bid for 17,86,65,739 shares, as against 2,82,83,260 shares allocated for them. QIBs are generally large financial institutions such as mutual funds, AIFs (alternative investment funds), venture capital funds, commercial banks, insurance companies and pension funds. Note that a provisional fund, or a pension fund would need a minimum of Rs 25 crore as its corpus, in order to identify as a QIB. What sets anchor investors, who generally bid for an IPO a day before the subscription is set to start, from QIBs is their bid amount. Anchor investors are also QIBs, who are mandated to bid for a minimum of Rs 1o crore worth of shares in an IPO. Hyundai Motor India's employees, who were offered the share at a discount of Rs 186, and also 0.55% of the total stake, were another segment that received the IPO positively. The IPO was subscribed 1.65x in this category, with employees bidding for 12,81,343 shares as against 7,78,400 shares reserved for them. SEBI regulations mandate that except for retail investors, no other category of IPO bidders cannot cancel or modify the bids they've once placed. QIBs and NIIs can only increase their bid quantity or price, and have no way of downsizing or cancelling the bids once placed. Unlike anchor investors, who have a 30-day lock-in period before selling off 50% of their allotted shares and another 90-day lock-in period before selling the rest, QIBs can begin selling their shares as soon the stock is listed on the exchanges, and begins trading. The share allotment for this IPO is expected to be done by October 18th, with the listing on BSE and NSE tentatively set for October 22. According to recent trends, the company's GMP (grey market premium) was trading at Rs 15, bringing its potential listing price to Rs 1,975, and the expected listing gains to a mere 0.77%.

QIBs swoop in to save the day: India's biggest ever IPO fully subscribed!

<ul><li>Hyundai is expected to announce its share allotment status on Friday, October 18.</li><li>The shares of Hyundai were subscribed 2.37 times.</li><li>The shares are expected to be listed on the stock exchanges on October 22.</li></ul> Hyundai Motor India Limited, the Indian arm of South Korean automaker Hyundai Motor Company is expected to announce the allotment status of its initial public offering (IPO) on Friday, October 18. The Hyundai IPO opened on October 15 and closed on October 17. The price band for the IPO was ₹1,865 to ₹1,960 per share. <h2>Hyundai IPO subscription</h2>On its last day, the Hyundai IPO was subscribed 2.37 times, receiving bids for 23.63 crore equity shares against 9.98 crore shares on offer. <div type="Article" hostid="261" msid="114307997" title="Bigger they are, harder they fall – A look at how the country’s biggest IPOs have fared" mstype="2" mssubtype="0"></div> While the qualified institutional buyer (QIB) portion was subscribed 6.97 times, the non-institutional investor's portion was subscribed at 0.60 times. The retail portion witnessed poor participation and was subscribed just 0.65 times. The employee portion was subscribed 1.74 times. <h2>Hyundai grey market premium</h2>The shares of Hyundai are currently commanding a grey market premium (GMP) of ₹30 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. <h2>How to check Hyundai’s IPO allotment status</h2>You can check the allotment status on the registrar’s website. <ul><li>To check the Hyundai IPO allotment status, visit the registrar’s website<a href="https://kosmic.kfintech.com/ipostatus/"> here</a>.</li><li>Click on ‘Company Selection’ and then select ‘Hyundai’.</li><li>Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.</li><li>Click on ‘Search’.</li></ul>You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you. You can also check the Hyundai IPO allotment status on the BSE and NSE websites. To check the allotment status on the BSE or NSE website: <ul><li>Go to the BSE<a href="https://www.bseindia.com/investors/appli_check.aspx"> website</a>.</li><li>On the website, click on 'Equity' and then select ‘Hyundai’ from the dropdown menu.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li></ul>You will be able to see the number of shares allotted to you. You can click<a href="https://www.nseindia.com/products-services/initial-public-offerings-bid-verification"> here</a> and log in to check your allotment status on NSE. <h2>Hyundai listing date</h2>The shares of Hyundai will be listed on the stock exchanges on October 22. Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. We recommend that readers consult certified, qualified, registered advisors for professional and personalised financial advice. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/bigger-they-are-harder-they-fall-a-look-at-how-the-countrys-biggest-ipos-have-fared/articleshow/114307997.cms">Bigger they are, harder they fall – A look at how the country’s biggest IPOs have fared</a> <a href="https://www.businessinsider.in/tech/gadgets/news/samsung-galaxy-ring-is-now-available-in-india-at-38999/articleshow/114275922.cms">Samsung Galaxy Ring is now available in India at ₹38,999</a> <a href="https://www.businessinsider.in/business/auto/news/the-ola-electric-saga-are-surge-in-complaints-and-declining-market-share-a-wake-up-call-for-bhavish-aggarwal/articleshow/114120828.cms">The Ola Electric Saga: Are surge in complaints and declining market share a wake-up call for Bhavish Aggarwal?</a>

Hyundai IPO allotment – How to check allotment, IPO GMP, listing date and more

Back in the good old days, going to the grocery store or the supermarket for a last-minute errand was commonplace. However, in 2024, quick commerce apps like Zepto, Blinkit and Swiggy Instamart have made lives easier in India. Need some supplies for a party that was planned minutes ago? You got it. Out of milk or vegetables? No problem. Almost any grievance can be solved by these apps and they keep on adding new features to enhance customer experience. But at times, things go awry and what starts as a simple delivery can spark public outcry. Let us take a look at some recent incidents where quick commerce platforms missed the mark, causing waves across social media. <h2>Big Basket’s combo gone wrong </h2> BigBasket recently found itself the subject of social media chatter after a customer praised a unique discount combo: sanitary napkins paired with Kwality Walls vanilla ice cream. Meant to cater to the needs of women during menstruation, the combo drew both laughter and admiration from online users. “Well played, BigBasket,” the user wrote, tagging the platform and attaching screenshot of the combo she received. However, things took a bizarre turn when BigBasket responded with an apology, assuming the praise was a complaint. “We regret the inconvenience caused,” they wrote, requesting the customer’s contact details. The automated response ignited further humour online. Users quickly jumped in with comments like, “Bruh, she’s praising you, why are you sorry?” and “Bot life is so awkward.” What could have been a PR win for BigBasket turned into a comical misunderstanding that highlighted the sometimes robotic nature of customer service. <h2>Zepto’s I-Pill notification </h2> In Bengaluru, Zepto faced backlash after sending an inappropriate push notification to customer Pallavi Pareek. The message, reading, “I miss you, Pallavi. Says i-Pill emergency contraceptive pill,” followed by teary-eyed emojis, left Pallavi shocked. Given her professional work in diversity and inclusion, she took to LinkedIn to highlight the inappropriateness of the message, especially as she had never ordered the product. Pallavi’s post quickly went viral, with many users pointing out the dangers of insensitive messaging in quick commerce. Zepto swiftly issued an apology, acknowledging their error and promising to retrain their staff. While the company’s fast response tempered some of the outrage, the incident served as a stark reminder of the importance of responsible communication, especially in relation to sensitive products. <h2>Free tomato controversy </h2> In another curious incident, a Bengaluru-based product designer called out Swiggy Instamart for adding free tomatoes to his order without consent. Chandra Ramanujan labelled it a “dark pattern”—a term used to describe deceptive design practices that manipulate user choices. Ramanujan took to social media to express his frustration: “I don’t want tomatoes, but I cannot remove them from my cart.” Though Swiggy wasn’t charging for the tomatoes, the incident raised broader questions about consumer autonomy in online shopping. Some users echoed Ramanujan’s concerns, stating that customers should always have the option to refuse freebies. Swiggy has yet to respond to the uproar, but the incident fuelled online discussions about transparency in e-commerce. <h2>Blinkit’s underwear mishap </h2> Last month, Priyansh, a Blinkit customer, ordered men’s underwear and received women’s bikini briefs instead. Unable to get a refund or return through customer service, Priyansh took to X, where his frustration quickly went viral. Blinkit’s failure to address the issue sparked discussions about the platform’s return policies, with many users calling for better customer support. Despite the widespread attention, Blinkit has remained silent, further aggravating the situation. As of now, Priyansh’s viral tweet, which has amassed millions of views, continues to serve as a cautionary tale for platforms ignoring customer grievances.

Free tomatoes to i-pill notification, recent quick commerce incidents that sparked outrage

<ul><li>Hyundai Motor India, the country’s biggest IPO is currently underway.</li><li>Ahead of the company’s listing, we look at how some of the country’s biggest IPOs have performed.</li><li>Five out of six biggest IPOs in the country have listed at a discount.</li></ul>Hyundai Motor India is raising funds through an IPO, the country’s biggest IPO so far. There have been several large initial public offerings (IPOs) over the years, from the state-owned Life Insurance Corporation of India to the payments platform Paytm. Still, nothing comes close to what Hyundai is looking for. There have been six IPOs so far in India above the ₹10,000 crore mark and their performance has left a bad taste in the mouth for investors. Five out of the six companies that have raised over ₹10,000 crore from their IPO have listed at a discount, making it difficult for investors to exit. Hyundai seems to be heading a similar way, as its grey market premium (GMP) has completely eroded, with investors being sceptical about the country’s biggest IPO. In addition to the huge amount that the company is looking to raise, aspects such as increased competition in the auto sector, poor sales over the past few months and the IPO being an offer for sale (OFS) have impacted the prospects. In this post, we look at how the biggest IPOs in India’s history have performed so far. <h2>Here’s how India’s biggest IPOs have performed</h2> <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Issue price </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Listing day close </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Return </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">LIC </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹949 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹875.45 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹73.55 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Paytm </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹2,150 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,564.14 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹585.86 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Coal India </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹245 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹342.35 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹97.35 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliance Power </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹450 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹372.5 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹77.5 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">GIC </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹912 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹870.4 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹41.6 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SBI Cards </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹755 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹683.2 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹71.8 </td></tr></tbody></table> <h3>Life Insurance Corporation of India</h3>State-owned Life Insurance Corporation of India (LIC), which till recently held the title of the biggest IPO in India failed to impress investors. The ₹21,008 crore IPO, which had an upper price band of ₹949 was subscribed 2.95 times. On the listing day, LIC’s shares closed at ₹875.45, at a discount of ₹73.55, giving IPO investors a loss of 7.75%. <h3>Paytm</h3>The IPO of One97 Communications, the parent company of Paytm is one for the history books. The company’s ₹18,300 crore IPO, which had an offer price of ₹2,150 closed at ₹1,564.15 on listing day, ₹585.56 less than the offer price, giving a listing day loss of 27.25%. <h3>Coal India</h3>Coal India is the only exception to the list as it is the only company that opened higher than its offer price, giving investors a profitable exit. The company’s ₹15,199.44 crore IPO was subscribed 15.2 times. Coal India’s shares, which had an offer price of ₹245 closed at ₹342.35 on listing day, at a gain of ₹97.35 to investors, a 39.73% profit. <h3>Reliance Power</h3>Anil Ambani-owned Reliance Power’s ₹11,563.2 crore IPO, which was oversubscribed by 73 times amid much fanfare had a disastrous listing. The company’s share, which had an offer price of ₹450, closed at ₹372.5 on listing day, at a discount of ₹77.5 from the offer price, a loss of 17.22%. <h3>General Insurance Corporation of India</h3>General Insurance Corporation of India (GIC), which had an ₹11,175.84 crore IPO was subscribed 1.3 times. It had an offer price of ₹912 but closed at ₹870.40 on listing day, at a discount of ₹41.6 from the offer price, a loss of 4.56%. <h3>SBI Cards</h3>The ₹10,354.77 crore IPO of SBI Cards was subscribed 26.5 times. The company’s share, which had an offer price of ₹755 closed at ₹683.20 on listing day, at a discount of ₹71.8 from the offer price, at a loss of 9.51%. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/hyundai-ipo-review-everything-you-need-to-know-about-indias-biggest-ipo/articleshow/114203740.cms">Hyundai IPO review – Everything you need to know about India’s biggest IPO</a> <a href="https://www.businessinsider.in/business/auto/news/the-ola-electric-saga-are-surge-in-complaints-and-declining-market-share-a-wake-up-call-for-bhavish-aggarwal/articleshow/114120828.cms">The Ola Electric Saga: Are surge in complaints and declining market share a wake-up call for Bhavish Aggarwal?</a> <a href="https://www.businessinsider.in/stock-market/news/hyundai-swiggy-ather-upcoming-large-ipos-in-india/slidelist/114014140.cms">Hyundai To Swiggy: Everyone wants to cash in on the IPO bonanza</a>

Bigger they are, harder they fall – A look at how the country’s biggest IPOs have fared

<ul class="summary-list"><li>Kristi Coulter was working at Amazon when she found herself in an unexpectedly easy role.</li><li>She enjoyed less stress and a better work-life balance in the job, but felt guilty about coasting.</li></ul>One bright April afternoon several years ago, I strolled to my desk at <a target="_blank" class="" href="https://www.businessinsider.com/incredibly-lonely-high-paying-tech-job-seattle-2023-9">Amazon in Seattle</a>, freshly showered and sipping the smoothie I'd grabbed after my four-mile run.I greeted my officemate and re-reviewed the agenda for my next meeting. I already felt prepared, so I used the 20 minutes before it started to make a few thoughtful edits to a proposal due the next week and to order flowers for a friend who'd just had surgery.Don't look too relaxed, I warned myself. Just in case anyone passed by, I frowned at my screen <a target="_blank" class="" href="https://www.businessinsider.com/american-workers-use-productivity-theater-performative-work-to-look-busy-2023-5">as though solving an intractable problem</a>.When it was time for the meeting, I strode in with an air of slightly harried purpose, lest anyone suspect the truth: I was coasting, and had been for months.<h2 id="93ac0b41-0a37-45c8-a79b-2d0d5f8fd087">I'd landed an easy job at Amazon, which I hadn't known existed</h2>I hadn't planned to coast when I'd changed teams. My new role, as a member of Amazon's Executive Development faculty, was a stretch in some respects, calling on muscles I hadn't used in years.But the pace was much slower than anything I'd seen in my eight years at Amazon, more like a university research department than the breakneck chaos I was used to. The work was predictable and drew heavily on my natural strengths and areas of expertise, like writing, research, and teaching.Within a month, I realized I'd landed in something I hadn't known existed at Amazon: an <a target="_blank" class="" href="https://www.businessinsider.com/33-high-paying-jobs-for-people-who-dont-like-stress-2019-3">easy job</a>.I also realized I liked having an easy job. The work wasn't particularly challenging, but I still found it intellectually stimulating. I slept well at night and didn't wake up in a panic. My boss had time for me when I needed it. I ate real food for lunch, not chalky protein bars.And instead of spending all day in meetings and doing my actual work at night, now I could often do my job at work, during daylight hours — and even slip out for the occasional run.<h2 id="67711627-a0c9-4d3c-a271-ac1d6c85dfc1">At first, it felt like I was cheating</h2>My husband, friends, and therapist all noted how much younger and sunnier I seemed. Still, I was secretly wracked with guilt. Amazon had trained me that I was <a target="_blank" class="" href="https://www.businessinsider.com/quit-amazon-job-anxiety-stress-2023-10">supposed to be treading water</a>, barely able to stay on top of everything I needed to do and know. To feel calm and confident felt almost like cheating the company.Finally I 'fessed up over coffee with an Amazon tech VP I'd worked with in the past, someone known for fearlessly taking on projects for which there was no roadmap."It's easy for me to kick ass at this job," I said, lowering my voice to a whisper. "I feel bad about that."She laughed out loud. "What? Never, ever feel bad about coasting for a bit," she said. She'd done it herself in the past, she told me, as a way to rest and prepare for the next, harder job.I was someone who'd taken only hard jobs for my entire career. Before that, I took only hard classes. All the way since kindergarten, I'd been trying to do more, and do it faster, and do it better.The VP was the first person to ever tell me it wasn't just acceptable, but wise to <a target="_blank" class="" href="https://www.businessinsider.com/lazy-girl-job-is-just-a-healthy-job-2023-12">take my foot off the gas</a> now and then.Her advice took time to sink in. When it did, I began to see that in addition to making me a calmer person, downshifting made me a more effective worker too. I made wiser strategic decisions and saw around corners more clearly. My communication improved. And as my work got stronger, my confidence grew by leaps and bounds.Like many tech companies, Amazon's style of <a target="_blank" class="" href="https://www.businessinsider.com/former-amazon-corporate-manager-fought-performance-management-stack-ranking-2023-2">performance management</a> tended to touch briefly on our strengths and dive deeply and <a target="_blank" class="" href="https://www.businessinsider.com/amazon-annual-performance-review-process-bonus-salary-2021-4">at length into our 'gaps</a>.' I had to constantly chase skills I didn't yet possess, which led me to neglect and undervalue my existing strengths. In my "easy" role, I developed those core strengths even further and pursued new skills as complements.<h2 id="afcd21b1-2db3-4910-93ac-d1add18f0701">I learned the art of coasting — and you can, too</h2>Phrases like "<a target="_blank" class="" href="https://www.businessinsider.com/quiet-quitting-hustle-culture-coasting-viral-work-debate-2022-9">quiet quitting</a>" and "<a target="_blank" class="" href="https://www.businessinsider.com/tiktok-lazy-girl-job-trend-corporate-snitching-backlash-fired-2023-7">lazy-girl job</a>" didn't exist at the time, but I don't think they would've applied even if they had. I learned new things in my coasting job, and took risks. When circumstances required, I worked hard and put in long hours.But I didn't prioritize the job over my own basic health and happiness. I no longer assumed that hard work had to mean struggle or fear of inadequacy. I came to understand that I could work hard in a state of quiet confidence — and that even when the work came easily to me, that didn't make it any less valuable to Amazon. The results were what mattered, not the damage I sustained delivering them.Coasting is an art, and if you want to try it, here's my best advice:<h3 id="ff9552a5-31e8-458d-862a-f005a517b40a">It's not "quiet quitting"</h3>Coasting isn't about <a target="_blank" class="" href="https://www.businessinsider.com/quiet-quit-plan-months-burnout-2023-9">checking out</a> or turning off your brain. It's about turning the dials down just enough to find some breathing room. You still want to feel engaged by your work, just not overwhelmed.<h3 id="7af54368-617e-490e-8acd-defdd48ebc2a">You don't have to broadcast it</h3>After coffee with my VP friend, I stopped feeling like I should pretend to be as stressed as ever. But I also didn't go around announcing, "Wow, I could do this job in my sleep!" It's better to be low-key about it, especially if others around you are fried.<h3 id="22fb93aa-4997-4d4c-8289-f1122c170720">Create your own coast</h3>If transferring into a new role isn't practical, you can still carve out coasting space for yourself. Maybe it means saying no to the kind of side projects and ad hoc committees that offer a lot of work for little reward. (<a target="_blank" class="" href="https://www.businessinsider.com/how-women-recognize-say-no-nonpromotable-tasks-work-2022-5">Women especially</a> tend to get dragged into these tasks under the guise of being "helpful," and all that helpfulness costs more than you think.)If you're a manager who struggles to give up tasks you have no business hanging onto, maybe coasting is your reward for finally <a target="_blank" class="" href="https://www.businessinsider.com/founders-on-how-outsourcing-delegating-improved-running-business-2021-5">learning to delegate</a>. Or maybe it's as simple as raising your hand more selectively for a couple of quarters.<h3 id="24b79c44-1930-4966-b690-fc073f45494b">Have an exit strategy</h3>I designed my coasting role to be a <a target="_blank" class="" href="https://www.businessinsider.com/unilever-program-allowing-employees-try-out-new-jobs-gig-working-2021-5">rotational one</a>, so I always knew I'd be kicked out of the nest in two years. At first, I assumed I'd go right back to my old frantic, gap-closing ways. But as I leaned into my natural talents, I decided it didn't make sense to abandon them.When I moved on from coasting, it was for a big job in a fast-paced, futuristic part of Amazon. I had to go through the standard internal interview loop, but a former VP recruited me and there were no other candidates.And when I met my future boss, I was able to look him in the eye and say "I'm the best person in the entire company for this role," and mean it.Amazon representatives declined to comment on this story.<a target="_blank" rel="noopener noreferrer" class="c-link" href="https://www.kristicoulter.com/">Kristi Coulter</a> spent 12 years as an Amazon executive. She's the author of "<a target="_blank" href="https://affiliate.insider.com?h=f2680852e888d582185dd38ae7d9a1bb5f48c1c9e1602a24a5b6fb141adc87f9&amp;postID=670838030c43543ec7b518fb&amp;postSlug=amazon-employee-coasted-easy-job-felt-guilty-2024-10&amp;site=bi&amp;u=https%3A%2F%2Fwww.amazon.com%2FExit-Interview-Death-Ambitious-Career%2Fdp%2F0374600902">Exit Interview: The Life and Death of My Ambitious Career</a>" and "<a target="_blank" href="https://affiliate.insider.com?h=27cf91fada291bacfe6fa5d00fe7726b57d6ae567add69a950bb7850e2b81764&amp;postID=670838030c43543ec7b518fb&amp;postSlug=amazon-employee-coasted-easy-job-felt-guilty-2024-10&amp;site=bi&amp;u=https%3A%2F%2Fwww.amazon.com%2FNothing-Good-Can-Come-This%2Fdp%2F0374286205%2Fref%3Dpd_lpo_sccl_1%2F139-1396424-6519141%3Fpd_rd_w%3DWGo4G%26content-id%3Damzn1.sym.4c8c52db-06f8-4e42-8e56-912796f2ea6c%26pf_rd_p%3D4c8c52db-06f8-4e42-8e56-912796f2ea6c%26pf_rd_r%3DEKNJD3J4NTXTXNJ4BWR2%26pd_rd_wg%3D6savm%26pd_rd_r%3D569a6aff-e14e-41aa-aeb9-9290b931a026%26pd_rd_i%3D0374286205%26psc%3D1">Nothing Good Can Come From This.</a>" She left Amazon in 2018.

I landed an easy job at Amazon after years of hard work. I felt deeply guilty until I realized it could be a strategic move.

In a dramatic and unanticipated turn of events, India faced a crushing collapse on home soil, bowled out for a mere 46 runs by New Zealand at Bengaluru's M. Chinnaswamy Stadium on Thursday. This stunning score marks India's lowest total in a Test match played at home and their third-lowest overall, joining a list of rare and painful lows in the nation's cricketing history. The opening Test match of the series was delayed by rain, with only the second day offering play. Winning the toss, Indian skipper Rohit Sharma chose to bat, looking to put runs on the board early, despite the overcast conditions. However, the gamble backfired spectacularly, as the New Zealand pacers took full advantage of the moist, lively pitch. Within mere overs, India found themselves teetering at 10/3, a position that stunned fans and set the tone for what would become an unforgettable day of cricket. Tim Southee and Matt Henry quickly unleashed a series of pace deliveries that exposed the Indian batting lineup's vulnerability. Henry’s clinical precision saw him claim 5-15, while young William O’Rourke picked up 4-22, creating havoc in just his second Test match. With a combination of bounce and movement, O'Rourke forced Indian batsmen into errors they wouldn’t normally make. Virat Kohli, who has been a mainstay in India’s lineup for over a decade, fell victim to O'Rourke with a zero, adding to the five ducks in India’s scorecard. Kohli’s dismissal — his first duck in 32 innings — was a major blow, as he edged one to leg gully, silencing a shocked crowd. New Zealand’s performance was an astonishing team effort. Henry not only claimed his 100th Test wicket but also made history by achieving the feat in just 26 innings — just one shy of Kiwi legend Richard Hadlee. O’Rourke’s contributions were similarly significant. His delivery that dismissed Rohit Sharma, which nipped back sharply, epitomised the skillful use of favorable conditions and set the tone for New Zealand’s onslaught. By lunch, India had already lost six wickets, with just 34 runs on the board. The pressure didn’t let up after the break. Ravichandran Ashwin, dismissed on the first ball after lunch, couldn’t hold off Henry’s relentless pace attack. Shortly after, Rishabh Pant — India’s top scorer with a modest 20 runs — attempted a counterattack, only to be caught by Tom Blundell. With India at 40-9, their fate was effectively sealed, and the final wicket fell shortly thereafter, leaving India with a dismal total of 46. The shock waves from this collapse were profound. This was India’s lowest score ever on Asian soil, surpassing the previous record of 53 set by West Indies against Pakistan in 1986 and Pakistan against Australia in 2002. The last time India faced a similar low was their 36 all-out against Australia in Adelaide in 2020 — a game that led to major introspection in Indian cricket circles. (With inputs from agencies)

India bowls out at 46, making the lowest Test total at home; Pant top scorer with 20 runs as NZ claim five ducks

With how easy they can make our day-to-day lives, it is easy to get swept up by the impressive achievements of apps like ChatGPT, Midjourney, and DALL-E. These AI applications, powered by large language models (LLMs), can generate text, create images, and hold conversations that mimic human interactions. But according to a recent study by Apple Computer Company researchers, the intelligence displayed by these AI systems is far from genuine. <h2>The illusion of intelligence</h2>The Apple research team, led by a trio of AI experts, conducted a series of tests on various popular LLMs. They found that while these models appear intelligent on the surface, their responses are often unreliable when asked to perform tasks requiring true logical reasoning. This discrepancy, they argue, reveals that LLMs don’t actually “understand” the questions they’re answering. Instead, they simply recognise familiar patterns and respond based on statistical probabilities, rather than meaningful comprehension. To illustrate this point, the researchers used a simple analogy: imagine a child asking their parent how many apples are in a bag. The child also mentions that some of the apples are too small to eat. Both the child and the parent understand that the size of the apples has no bearing on their quantity. However, when AI models are presented with similarly structured questions — questions with information that can be considered unnecessary (like the size of the apples) — they frequently become confused, offering nonsensical or incorrect answers. <div type="Article" hostid="261" msid="114046455" title="Love ChatGPT and Alexa? This year’s Physics Nobel Prize has been awarded to two scientists who made these AI technologies possible" mstype="2" mssubtype="0"></div>In their study, the researchers asked the AI models hundreds of questions, including some with non-pertinent details. They found that even minor changes in phrasing or context were enough to throw off the models. These AIs, despite their advanced programming, struggled to filter out irrelevant information, suggesting that they lack the capacity for genuine logical reasoning. <h2>How do modern AI apps work?</h2>Understanding why AI models like ChatGPT struggle with logic and nuance requires a closer look at how these systems function. At their core, LLMs are based on complex machine learning algorithms that analyse vast amounts of text data to learn language patterns. Once trained, these models use probabilities to generate responses based on what they’ve seen in their training data. However, they don’t “understand” language the way humans do. When an LLM receives a prompt, it breaks down the text into tokens and predicts the next word in a sequence based on statistical likelihood. This approach allows the AI to generate coherent, contextually relevant responses but doesn’t equip it to handle questions that require deeper, contextual reasoning. In essence, AI models are mimicking language without truly grasping the meaning behind it. To elaborate on the earlier example, if asked, “How many apples are in a bag if three are too small to eat?” a human would immediately recognise that the size of the apples has no impact on the total count. An AI, on the other hand, may get tripped up by the additional detail and offer a convoluted response because it cannot separate what’s important from what’s not. Apple’s researchers suggest that this limitation is a fundamental flaw in how AI models are designed. While the technology has advanced rapidly, the underlying mechanics remain rooted in pattern recognition rather than true comprehension. As a result, today’s AI applications are better suited for tasks that involve straightforward pattern matching, like language translation or text prediction, but struggle when asked to exhibit human-like intelligence. <h2>Overestimating AI capabilities can have risks</h2>Because these modern AI models can produce remarkably human-like text, many have a tendency to attribute greater intelligence and understanding to them than they actually possess. This misconception can lead to unintended consequences, such as relying on AI for critical decision-making in areas where accuracy and logical reasoning are paramount — such as in business decisions as more and more companies adopt AI. <div type="Article" hostid="261" msid="114284609" title="Even high school interns are able to use common AI tools to bypass security and launch bots on X, Facebook and other social media: report" mstype="2" mssubtype="0"></div>The researchers also caution that the “illusion” of intelligence can make it difficult for users to recognise when an AI is providing incorrect information. In their tests, Apple’s team noted that LLMs frequently gave answers that sounded correct on the surface but fell apart upon closer inspection. These findings highlight the importance of scrutinising AI-generated content and using these tools as supplements to human expertise rather than replacements for it. As AI continues to evolve, researchers will need to explore new approaches that go beyond pattern recognition. Achieving genuine AI intelligence will likely require breakthroughs in fields like cognitive computing and neuromorphic engineering — fields that aim to create systems capable of human-like understanding and reasoning. For now, the takeaway from Apple’s research is clear: despite their impressive capabilities, today’s AI apps are tools, not thinkers. As Apple researchers pointed out, these models are designed to simulate understanding but lack the cognitive depth to handle complex reasoning. Recognising these limitations is crucial as we integrate AI into more aspects of our lives. The findings of this research have been published in a preprint server and can be accessed <a href="https://dx.doi.org/10.48550/arxiv.2410.05229">here</a>.

Apple engineers assert the AI apps of today are essentially still just fakes that lack 'true' intelligence

Think Initial Public Offers (IPOs) are a sure-shot, quickfire method to make a quick buck? If so, then investing in some of India's biggest IPOs to date would have created multiple millionaires. However, if the data is to be believed, 18 out of India's top 30 IPOs by way of size have failed to deliver on the returns front. Recent data from Capitalmind PMS suggests that of all the mega IPOs India has seen in the past 2 decades, only 12 IPOs i.e. stocks of 12 companies have delivered more returns that what you would have received, had you bought and held your investments in Nifty500(which invests in biggest 500 companies by market size). Infact, Paytm (54%), Reliance Power (81%), General Insurance Corporation (2%) actually generated negative total returns to date. The only outliers in the list of top 10 IPOs were Zomato (listed in July 2021) and Coal India (listed in April, 2010), which managed to generate excess returns i.e. more than what was generated by Nifty500. While Zomato's total return to date, which is considered a comprehensive gauge of a stock's profitability, stands at 265%, Coal India total returns are a massive 443%. In these cases, had you simply bought and held the Nifty500 index for a similar duration, your returns would've been 73%, and 435% respectively. Also, 5 of the biggest IPOs India has ever seen (Bajaj Housing Finance, Bharti Hexacom, Brainbees, Ola Electric) have come in the last 2 years. In some cases, having stayed put in your index investments would have yielded you far better returns. Consider this, FSN E-Commerce, Nykaa's parent company, listed on the exchanges on November 2021. Its total returns till date have been 2%, while had you invested in Nifty500 index, your returns would've been 53%. Similarly, the total returns to date on Bandhan Bank's stock, which listed in March 2018, was a negative 43%. But, the index has delivered a whopping 163% returns during the same time. Hits and Misses <table class="redcator-table-advance"><tbody><tr><td>Company Name</td><td>Total Returns to Date (In %)</td><td>CNX (Nifty500) Returns (In %)</td></tr><tr><td>Reliance Power (Feb 2008)</td><td>-81</td><td>961</td></tr><tr><td>Zomato (July 2021)</td><td>265</td><td>73</td></tr><tr><td>Gland Pharma (November 2020)</td><td>14</td><td>124</td></tr><tr><td>NHPC (September 2009)</td><td class="se-table-selected-cell">389</td><td>961</td></tr><tr><td>Indian Railways Finance Corporation (January 2021)</td><td>582</td><td>109</td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>Source: CapitalMind PMS <h2>Surge in IPOs? Not really </h2>It is impossible to overlook the sheer number of public offerings seen in the Indian markets over the past 2 years. Around 600 share sale offers have already hit the market since 2023. Out of these, 335 have come in this year, as of October 2024. While over Rs 50,000 crores have been raised by these share sales so far since 2023, only 22% of these funds raises have come from companies who are hitting the market for the first time i.e. bringing out their IPOs. The rest have come from already listed companies seeking to raise more funds. The biggest IPO that India has seen to date, that of Hyundai Motor India, closes for subscription today. With an offer size of Rs 27,870.16 crore, it is 35% bigger than the previous biggest IPO in the country(LIC in May 2022). As of 12:30 pm today, Hyundai's offer had been 87% subscribed, with significant interest from QIBs and employees. At 0.43x, participation of retail investors remained largely subdued. Notably, an IPO is considered cancelled and withdrawn, if it fails to meet the 90% subscription threshold.

Do large IPOs guarantee large returns? Data suggests that 18 of India's biggest 30 IPOs did not generate solid returns

How often have you been asked to invest more money in the markets, every time the market goes southwards, or experiences a correction? How many times have you been advised to "buy the dip", every time Sensex or Nifty nosedives? The rationale you're given is that this way, you'll acquire quality stocks at lower prices, which will eventually appreciate and grow when the market recovers from its short-term, temporary decline. However, a recent report by PGIM India Mutual Fund suggests that this advice might not always yield great benefits. That is, buying the dip might not always serve as a wise investment strategy. Relying consistently just on this plan of action during every dip do not guarantee positive returns Per the report, between April 1, 2020 and October 4, 2024, the BSE500 index has delivered returns at a CAGR (compounded annual growth rate) of 32%. Out of this, it remained in the green i.e. generated positive returns for 39 months, with an average of 4.3% monthly returns. For the 15 months which saw a drawdown, the average monthly dip did not exceed 2.6%. Surprisingly, over the past 4.5 years, especially post the pandemic, investors seem to have put in 2x the money during the time of such drawdowns, as opposed to the times when the market was up. Between April 1, 2024 and October 4, 2024, the average daily domestic investment made in BSE500 was a staggering Rs 914 crore, when it was down. On the days it was on an uptrend, investors only poured in Rs 443 crore. Notably, domestic investment takes into account from Indian individuals, NRIs and domestic institutional investors (DIIs). <h2>Don't just rely on dips to start investing </h2>Recent data from CapitalMind PMS shows that there is not much difference in terms of returns earned by a regular investor (A) who does not time his/her entry in the market, someone who invests when the markets are at peak (B), and someone who enters the market when it has bottomed out (C). Assume that each A,B and C invested Rs 1 lakh every year between 2000-2004 in the Nifty. In this case, C would end up earning up returns at the rate of 14.1%, or Rs 1.91 crore. As for B, who entered when the markets were at a high, the returns would be Rs 1.24 crore, at the rate of 12%. But the average investor i.e. A would end up with Rs 1.54 crore, earning returns at a healthy 13% rate. The lesson? The best time to start investing in the markets is now. Don't wait for a market correction to start the same. Moreover, it is best to invest for the long-term i.e. 10 years or more. Data suggests that annualised returns inch closer after they cross the 10 year mark. So, in case you've had massive 20-30% returns in the initial phases of your investing journey, remember that your returns will eventually moderate. Conversely, if you've had a disappointing couple of early years in the markets when it comes to returns, it is bound to see an uptick, eventually. So, stay put!

Why "buying the dip" is not always good advice, and the right time to start is now

<ul class="summary-list"><li>Meta reorganized some of its major units, cutting roles at Instagram, Reality Labs, and WhatsApp.</li><li>A Meta spokesperson said the company was also moving some teams to different locations.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/facebook-marketplace-key-to-meta-getting-gen-z-younger-users-2024-8">Meta</a> said Wednesday it reorganized some of its biggest businesses in a move that eliminated some roles at units including Instagram, Reality Labs, and WhatsApp.It's unclear how many roles were impacted.A spokesperson said in a statement that Meta was looking for jobs for staff whose roles were eliminated. "Today, a few teams at Meta are making changes to ensure resources are aligned with their long-term strategic goals and location strategy," the spokesperson said. "This includes moving some teams to different locations, and moving some employees to different roles." Jane Manchun Wong, a former Meta employee, said in a social-media <a target="_blank" class="" href="https://x.com/wongmjane/status/1846653640892993694">post</a> earlier on Wednesday that her role had been impacted. According to her LinkedIn, Wong was a security engineer at the company."Still trying to process this but my role at Meta has been impacted. Thank you to everyone for my wild journey at Meta," she said.Wong did not reply to a request for comment from BI.Meta has gone through several rounds of layoffs in recent years. CEO Mark Zuckerberg previously said that the company's <a target="_blank" class="" href="https://www.businessinsider.com/meta-vps-getting-squeezed-out-amid-permanent-efficiency-mode-2024-6">push for "efficiency"</a> would be permanent.As of March, <a target="_blank" class="" href="https://www.businessinsider.com/layoff-angst-meta-employees-face-tough-reviews-reorgs-2024-3">Meta</a> had cut 22% of its workforce since the company's first mass layoff at the end of 2022, BI previously reported. The company's ranks swelled in recent years, from about 45,000 at the end of 2019 to about 70,000 as of June 30, according to filings.

Meta reorganized some of its biggest businesses and eliminated some roles

Cameron Diaz recently opened up about her nearly decade-long break from acting, revealing that the decision was deeply personal and driven by a need to regain control of her life. Known for her roles in blockbuster films like There’s Something About Mary and The Mask, Diaz surprised many when she stepped back from Hollywood after her performance in the 2014 remake of Annie. During a candid discussion, the actor shared insights into why she felt it was the right time to walk away from the limelight, despite her successful career. “For me, it was something I had to do to take care of myself,” Diaz said as per an ANI report originally attributed to Deadline. She added that her decision was about reclaiming her life and building a future that aligned with her personal values. “I didn’t care about anything else—no one’s opinion, no one’s success, no one’s offer. It was about me wanting to focus on my own life and what I wanted it to be,” she said. The actor was clear that stepping away from her profession allowed her to prioritise what she was most passionate about: family. In 2015, Diaz married musician Benji Madden, and the couple now has two children. Her desire to build and nurture her family was a significant factor in her decision to take a break from acting. Beyond family life, Diaz also explored other creative avenues during her hiatus, writing several health-related books, including The Body Book and The Longevity Book, focusing on wellness and longevity. Diaz recently spoke at Fortune’s Most Powerful Women Summit, where she reflected on the importance of taking time to engage in activities that truly “feed the soul”. She encouraged others to pursue what brings them peace and fulfilment, even if it means stepping away from a successful career. “Whatever it is, if it speaks to your soul, then it’s worth pursuing,” she added. After nearly a decade away, Diaz is returning to acting in the upcoming Netflix action-comedy Back in Action, set to premiere in January 2025. The film reunites her with actor Jamie Foxx. In addition to this project, Diaz is expected to reprise her role as Princess Fiona in Shrek 5, slated for a 2026 release, and is reportedly in talks to star in the Jonah Hill-directed dark comedy Outcome, alongside Keanu Reeves and Hill. Her return to acting is eagerly anticipated, but for Diaz, her time away was essential for building the life she envisioned. (With ANI inputs)

Cameron Diaz talks about taking a break from acting, says it was to build her family

The music world is in shock by the tragic death of Liam Payne, former One Direction member, at the age of 31. Payne, known for his time in the globally successful boyband, died after falling from a hotel balcony in Buenos Aires, Argentina, reports said. Local authorities have launched an investigation into the circumstances of his fall, leaving fans and the entertainment community in disbelief. <h2>Hollywood pays tribute </h2> Many of Payne’s colleagues and friends have taken to social media to express their grief. Singer Charlie Puth, who collaborated with Payne, shared his grief on Instagram, recalling how kind Payne had always been to him. Puth, visibly shaken, posted a heartfelt message along with a clip of them sharing a light moment. "I am in shock right now. Liam was always so kind to me. He was one of the first major artists I got to work with. I can not believe he is gone...," Puth wrote in his first Instagram Story. He then shared a video of the two laughing with each other, and added the text "I'm so upset right now, may he rest in peace." Music producer Zedd, known for working with Payne on the track “Get Low,” expressed his disbelief, calling the news “absolutely heartbreaking.” Rapper Juicy J and Paris Hilton also paid tribute, with Hilton sending love and condolences to Payne’s family and friends. Fellow artists like Ty Dolla $ign, who had spoken with Payne just days before his passing, and Max George of The Wanted, who credited Payne for his support during tough times, shared their grief at the loss of such a bright star. Max George, lead singer of the band 'The Wanted,' wrote on X, "Devastated. Liam was an unbelievably supportive during one of the most difficult times in my life. I will never forget that. My thoughts are with his family, friends and fans at this horrendous time. Rest in peace Liam." <h2>Investigation underway </h2> Payne’s death occurred in the Palermo district of Buenos Aires as per reports. Local police are currently investigating the incident, though details remain scarce. The tragedy has sent shockwaves not only through Payne’s close circle of friends but also across the world, as fans remember the singer who became an international sensation with One Direction. As tributes continue to pour in from fans and fellow musicians alike, the world mourns the loss of a voice and personality that touched millions.

Former One Direction singer Liam Payne dies after falling from hotel balcony, Hollywood pays tribute

Mumbai: Indian stock markets on Thursday opened flat as the balancing by FIIs selling and DIIs buying continues. The Nifty 50 index opened with a marginal gain of 0.22 per cent or 56.10 points at 25,027.40 points, while the BSE Sensex index opened with a gain of 0.31 per cent at 81,758.07 points, gaining 256.71 points. Ajay Bagga, Banking and Market Expert told that "US markets remain in a "See No Downside, Hear No Downside and Fear No Downside " Mode. In India, we are expecting pre Diwali cheer to catch up with the markets, albeit a little late. We are moving into the last two weeks before the Diwali spending surge in India and before the US Presidential Election of November 5th. Historically, US markets decline in the month before the Presidential Election and then recover post the declaration of the results. We expect these two factors to help the Indian markets going ahead". In the sectoral indices on the National Stock Exchange, except Nifty Auto and Nifty Realty, all other indices opened in positive territory, with Nifty IT emerging as the leader in gains, surging 0.53 per cent in the opening session. In the Nifty 50 shares list, 25 stocks opened with gains while 25 stocks declined in the opening session. Today is the last day of Hyundai Motor India's initial public offering (IPO), which received 42 percent subscription on the second day of bidding on October 16. "In India the consolidation around Nifty 25000 level is likely to be extended with bouts of FII selling and DII buying. The reemergence of outperformance of smallcaps driven by liquidity is again becoming a cause of concern" said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. In the quarterly announcements today, Infosys, Axis Bank, Wipro, Nestle India, Polycab, Havells, Jindal Stainless, and Tata Communications are the major companies to announce the financial results for the second quarter of FY 25. In other Asian markets, Hong Kong and Singapore indices gained more than 1 per cent on Thursday, while Japan's Nikkei index was down by 0.60 per cent. South Korea's KOSPI index remained flat at the time of filing this report.

Nifty, Sensex open flat, experts expect Diwali festivities to cheer markets

<ul class="summary-list"><li><a target="_blank" class="" href="https://www.businessinsider.com/apple">Apple</a> Chief People Officer Carol Surface is leaving after less than two years, Bloomberg reports.</li><li>Surface's exit adds to the number of top-ranking employees set to leave or switch roles soon.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/category/apple">Apple's</a> chief people officer is leaving the company after less than two years, Bloomberg reported Wednesday.Carol Surface, who had reported directly to <a target="_blank" class="" href="https://www.businessinsider.com/tim-cook">CEO Tim Cook</a>, oversaw HR at Apple, including recruiting, employee relations, and inclusion and diversity. An Apple spokesperson confirmed the move to <a target="_blank" class="" href="https://www.bloomberg.com/news/articles/2024-10-16/apple-s-chief-people-officer-to-exit-after-less-than-two-years">Bloomberg</a>.Her departure comes as at least four other executives are set to either leave the company or change roles.In September, <a target="_blank" class="" href="https://www.businessinsider.com/tech-unsung-heroes-2012-12#matt-fischer-for-running-apples-home-for-killer-apps-6">Matt Fischer</a>, head of Apple's <a target="_blank" class="" href="https://www.businessinsider.com/apple-app-store">App Store</a>, announced on LinkedIn that he'd be leaving the company this month after 21 years. He wrote that now was the "right moment to pass the baton" as Apple reorganizes his team to manage new challenges and opportunities.<a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/apple-cfo-luca-maestri-to-step-down-on-jan-1-kevan-parekh-to-replace-1033723249">Luca Maestri</a>, chief financial officer, plans to step down from his role in January but will continue to report to Cook as head of Apple's information systems and technology as well as real estate development, the <a target="_blank" class="" href="https://affiliate.insider.com?h=ad449428ecebc8e78819166d71677701c87faf0ab5721f3a3d9b84f2ef50b0b8&amp;postID=671026690c43543ec7be3d74&amp;postSlug=apple-chief-people-officer-leaving-carol-surface-executive-2024-10&amp;site=bi&amp;u=https%3A%2F%2Fwww.apple.com%2Fnewsroom%2F2024%2F08%2Fapple-announces-chief-financial-officer-transition%2F%23%3A~%3Atext%3DCUPERTINO%252C%2520CALIFORNIA%2520Apple%2520today%2520announced%2Crole%2520on%2520January%25201%252C%25202025.">company</a> announced in August. Kevan Parekh, VP of financial planning and analysis, will succeed Maestri, the company wrote.<a target="_blank" class="" href="https://www.bloomberg.com/news/articles/2024-10-09/apple-s-dan-riccio-key-executive-in-both-the-jobs-and-cook-eras-to-retire">Bloomberg</a> reported earlier this month that <a target="_blank" class="" href="https://www.businessinsider.com/apple-dan-riccio-hardware-engineering-chief-transition-to-new-project-2021-1">Dan Riccio</a>, vice president of engineering who headed Apple's Vision Pro, will retire after more than 26 years at the company. It cited people familiar with the matter.Dan Rosckes, Apple's global supply chain procurement chief, is also retiring after a 24-year stint, <a target="_blank" class="" href="https://www.bloomberg.com/news/articles/2024-10-07/apple-s-dan-rosckes-to-retire-as-global-head-of-procurement">Bloomberg</a> reported.Surface joined the company in 2023 from Medtronic, a medical hardware company, to oversee <a target="_blank" class="" href="https://www.businessinsider.com/workers-desperate-for-apple-jobs-because-of-creativity-pay-legacy-2024-7">Apple's more than 160,000 employees</a>.Apple employees were notified of Surface's exit on Wednesday, sources familiar with the matter told Bloomberg, which reported that Apple exec Deirdre O'Brien will manage Surface's team — a role she previously had. O'Brien will also continue to manage Apple's retail stores.A spokesperson for Apple did not respond to a request for comment from BI.

Apple's chief people officer, who reports directly to Tim Cook, is leaving the company after less than 2 years

<ul class="summary-list"><li>One Direction singer Liam Payne died at the age of 31, multiple outlets reported.</li><li>The British star reportedly fell from his hotel room in Argentina.</li></ul>Former One Direction singer Liam Payne has died after falling from his hotel balcony in Argentina, <a target="_blank" class="" href="https://edition.cnn.com/2024/10/16/entertainment/liam-payne-death-one-direction/index.html">according to multiple reports</a>. He was 31.According to Argentine outlet <a target="_blank" class="" href="https://www.lanacion.com.ar/espectaculos/murio-liam-payne-el-ex-cantante-de-one-direction-en-un-hotel-de-la-ciudad-de-buenos-aires-nid16102024/">La Nación</a>, police in the Palermo neighborhood were called to the Casa Sur hotel after reports that a man was behaving aggressively in the building.Alberto Crescenti, head of the state emergency medical system, said, "We were alerted about a person who was in an internal courtyard of Casa Sur Hotel."He added that first responders "arrived and confirmed the man's death. We later learned that he was a singer in a musical group. Unfortunately, he had injuries incompatible with life as a result of his fall, so we had to confirm his death. There was no possibility of resuscitation."Representatives for Payne did not immediately respond to a request for comment from Business Insider.This is a developing story…

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