Weekend wrap: Swiggy IPO price band, BlinkIt gold coin customer's ordeal, India's GDP woes, and more
Nov 1, 2024, 16:42 IST
Dear readers,
As another week ends and festive season lights up India, the world of business, tech, and sustainability brings you some new stories to explore. Swiggy is preparing for a grand IPO launch, expected to open on November 6, which could set the tone for India’s tech sector. Meanwhile, a Blinkit customer was in for a shock when he ordered a gold coin online.
There was also a stark forecast that India could lose 25% of its economy by 2070 if immediate action isn’t taken. In addition to this, Amazon Web Services CEO was in the limelight for his comments on work from office mandate.
Top stories of the week
Swiggy has announced its initial public offering (IPO) price band, which will range between ₹371 and ₹390 per share. The much-anticipated IPO includes both fresh issues and an offer for sale, and it is expected to open on November 6. Swiggy’s move to go public this year highlights its growth trajectory as one of India’s top tech IPOs, with proceeds likely aimed at expanding its footprint and product offerings.
Read more
“I was scammed, cried while talking to delivery executive,” man orders gold coin from Blinkit, claims to receive wrong item
In a recent incident, a Delhi resident reported receiving a 0.5 gm gold coin instead of the 1 gm he had ordered from Blinkit. Despite sharing evidence and CCTV footage, Jain’s complaints were not addressed in time, as Blinkit’s support team said the complaint window had closed. The issue has sparked a social media discussion, highlighting concerns about quality control and customer service on e-commerce platforms.
Read more
India could lose a quarter of its economy by 2070, here’s why
A new report has forecast that India’s economy could shrink by up to 25% by 2070 due to unchecked climate risks. Key sectors across the country may face significant productivity and revenue losses if policies aren’t adapted to mitigate these impacts. This sobering projection calls for urgent action in sustainability efforts to protect India’s economy and ensure long-term resilience against climate-induced disruptions.
Read more
'Find another company if it doesn’t work for you’: Amazon Web Services CEO on work from office mandate
Read more
Partner pay at big 4 firms is dropping, the latest sign of the consulting slowdown
A slowdown in the consulting industry is leading to notable reductions in partner pay at Big 4 firms. This comes as demand for consulting services sees a dip amid economic uncertainty, with firms choosing to cut back on bonuses and other expenses. This trend reflects broader economic pressures affecting consulting firms worldwide, forcing some to rethink their strategies and compensation models.
Read more
Top web stories
8 incredible getaways from Jaipur this November
Weight loss myths debunked
9 budget-friendly Bhai Dooj gifts
As another week ends and festive season lights up India, the world of business, tech, and sustainability brings you some new stories to explore. Swiggy is preparing for a grand IPO launch, expected to open on November 6, which could set the tone for India’s tech sector. Meanwhile, a Blinkit customer was in for a shock when he ordered a gold coin online.
There was also a stark forecast that India could lose 25% of its economy by 2070 if immediate action isn’t taken. In addition to this, Amazon Web Services CEO was in the limelight for his comments on work from office mandate.
Top stories of the week
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Swiggy sets IPO price band between ₹371-₹390; offer likely to open on November 6Swiggy has announced its initial public offering (IPO) price band, which will range between ₹371 and ₹390 per share. The much-anticipated IPO includes both fresh issues and an offer for sale, and it is expected to open on November 6. Swiggy’s move to go public this year highlights its growth trajectory as one of India’s top tech IPOs, with proceeds likely aimed at expanding its footprint and product offerings.
Read more
“I was scammed, cried while talking to delivery executive,” man orders gold coin from Blinkit, claims to receive wrong item
In a recent incident, a Delhi resident reported receiving a 0.5 gm gold coin instead of the 1 gm he had ordered from Blinkit. Despite sharing evidence and CCTV footage, Jain’s complaints were not addressed in time, as Blinkit’s support team said the complaint window had closed. The issue has sparked a social media discussion, highlighting concerns about quality control and customer service on e-commerce platforms.
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Read more
India could lose a quarter of its economy by 2070, here’s why
A new report has forecast that India’s economy could shrink by up to 25% by 2070 due to unchecked climate risks. Key sectors across the country may face significant productivity and revenue losses if policies aren’t adapted to mitigate these impacts. This sobering projection calls for urgent action in sustainability efforts to protect India’s economy and ensure long-term resilience against climate-induced disruptions.
Read more
'Find another company if it doesn’t work for you’: Amazon Web Services CEO on work from office mandate
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Amazon Web Services (AWS) CEO Adam Selipsky has reaffirmed the company’s commitment to a work-from-office mandate, even suggesting that employees unhappy with the policy may want to consider alternatives. AWS’s stance underscores Amazon’s prioritization of in-office work, aligning with its broader efforts to encourage collaboration. The decision comes as many tech firms continue to face challenges in balancing remote and in-office work. Read more
Partner pay at big 4 firms is dropping, the latest sign of the consulting slowdown
A slowdown in the consulting industry is leading to notable reductions in partner pay at Big 4 firms. This comes as demand for consulting services sees a dip amid economic uncertainty, with firms choosing to cut back on bonuses and other expenses. This trend reflects broader economic pressures affecting consulting firms worldwide, forcing some to rethink their strategies and compensation models.
Read more
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Top web stories
8 incredible getaways from Jaipur this November
Weight loss myths debunked
9 budget-friendly Bhai Dooj gifts