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Rakesh Jhunjhunwala Makes History On Indian Stock Exchanges
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Indian business magnate and billionaire Rakesh Jhunjhunwala has broken new ground on the country’s stock exchanges with the listing of his gaming firm Nazara Technologies. The Jhunjhunwala-backed Nazara made history in India with its initial public offering (IPO) by becoming the first gaming firm to ever list on Indian stock exchanges. The idea behind the IPO is to raise the company’s profile, both in India and on the global stage. The hope is that this increased exposure will lead to more investment opportunities from all over the world. “Having a gaming IPO opens a lot of investor interest in this space. India is still under-penetrated from a gaming point of view. Knowing there is a listed stock that can be tracked across the world augurs well for the gaming industry,” said the chief executive of Nazara Technologies, Manish Agarwal.
Who is Rakesh Jhunjhunwala?
Jhunjhunwala grew up as part of a Marwadi Family in the suburbs of Mumbai. His father worked as commissioner of income tax for Bombay, and he attended Sydenham College of Commerce and Economics before enrolling at the Institute of Chartered Accountants of India.
As of January this year, Jhunjhunwala was ranked as the 38th richest person in India, with an estimated net worth of over $3.3-billion. He is known colloquially as the “Warren Buffet of India” and the “King of Bull Market”.
Importantly, he knows a good deal when he sees one, and the online gaming space is an exciting industry right now. According to a report published on Business World, India is set to become an industry leader in global online gaming culture soon.
By the end of this year, the gaming industry is projected to hit the $50-billion mark for revenue, with online gambling and internet casinos being one of the largest sectors of this rapidly growing industry. The growth is not expected to slow down any time soon either, with predictions indicating there could be as many as 650 million Indian internet users by 2023.
Everything You Need To Know About The Nazara Tech IPO
Through the IPO, it has emerged that Nazara Tech is not only the first Indian online gaming platform to be listed on local stock exchanges. It is also the country’s only gaming firm with a presence in both emerging and developed markets simultaneously, such as Africa and North America.
Gaming is at the heart of everything Nazara does with the company’s offering, including traditional gaming, interactive games, competitive esports, online gambling, iGaming, and a learning ecosystem for children driven by gamification to make it as fun and engaging as possible.
The IPO began on 17 March and closed on 19 March. The initial face value of shares was Rs4, with about 529 million shares issued. The maximum issue size was set at Rs 583 crore with a minimum bid of three shares. The company was listed on both the BSE and NSE.
How Nazara Makes Money
Nazara makes most of its income through gamified e-learning, with around 40% of its revenue coming in from this vertical. Second is esports contributing almost 32% of revenue, followed by Telco subscriptions (21%), freemium games (4.5%).
With real money games bringing in just 3.1% revenue by the start of 2021, it is clear there is enormous room for growth in this area. Due to global market trends, there are some fears the company may not be able to effectively monetize the esports vertical to the full potential many believes the industry possesses; this should more than be made up for by planned gains in the iGaming space.
Nazara has an encouragingly diversified portfolio already, with its share of the revenue from India (around 41%) already being matched by the contribution from North America. It is very impressive considering that the region only contributed about 12% of revenue 12 months ago before the shrewd acquisition of children’s learning application Kiddopia in July 2020.
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Police Have Solved The Mystery Behind The Finger Found In Ice Cream: Here’s The Real Truth
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Discovering foreign substances in food can be deeply unsettling, often causing profound distress and trauma. However, finding a human finger can evoke a feeling of utter disgust. Yes, you have read it absolutely right. A shocking incident occurred in Mumbai when a man said he discovered a human finger in the ice cream. This strange and terrifying episode attracted a lot of attention right away, shocking people and making many people wonder about food safety and hygiene regulations.
However, it also raised questions about the identity of the finger. A lot of people made theories about whose finger it was and what happened to the person. Now, after some investigation, the mystery surrounding the finger discovered in the ice cream has been resolved.
The mystery behind the human finger in ice cream has been solved
Earlier this month, a shocking discovery was made when a severed human finger was found in an ice cream. Now, the mystery behind the finger has been solved. According to a DNA report released on 27th June, it was Omkar Pote’s finger. He is an assistant operator manager at Fortune Company in Pune.
The incident traces back to May 11. It was when Pote lost his finger of his right hand while packing ice cream. This date and the ice cream cone’s production date matched. After learning about this, the Mumbai Police sued Fortune Company for carelessness.
How was it all unfolding?
The discovery was made on June 12, when Orlem Brendan Serrao, a 26-year-old resident of Malad, was eating a butterscotch ice cream ordered online by his sister.
Sensing something strange, he took a closer look and discovered a human finger in the ice cream while he was enjoying his delicacy. Serrao first complained to the ice cream firm on Instagram, but he didn’t hear back, so he went to the police with the issue.
Speaking about the incident, police said,
“The complainant, a 26-year-old doctor with an MBBS degree living in Malad West, had ordered a Yummo butterscotch ice cream cone. While eating it, he discovered a half-inch piece of flesh with a nail.”
The Mumbai Police’s inquiry took them to the Pune ice cream plant, where Pote had been hurt during production. According to the police, DNA samples were taken from Pote and transferred to the forensic science lab. Additionally, the finger itself was transferred to the Kalina Forensic Science Lab. Subsequently, a case was filed against the managers of Yummo Ice Cream Company.
What does the company have to say about the incident?
Responding to the incident, Fortune Dairy’s owner, Manoj Tupe, said his company is cooperating with the inquiry and awaiting the DNA test results. He said that government teams have been dispatched to Ghaziabad and Jaipur, among other units, to conduct additional verification about the ice cream cone filling process.
In response to the incident, Yummo Ice Creams issued a statement, saying,
“We have stopped manufacturing at this third-party facility, isolated the said product at the facility and our warehouses, and are in the process of doing the same at the market level. Product quality and safety being our highest priority, we were in process to address the situation. Meanwhile, the matter was escalated, and an official police complaint was filed by the customer.”
Meanwhile, After this occurrence, the Fortune Dairy factory in Indapur received a stop-work notice from the Food Safety and Standards Authority of India (FSSAI).
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CA Aspirant’s Friend Asks For ‘Free’ ITR Filing; Their Conversation Goes Viral
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The deadline for filing Income Tax Returns (ITR) for the assessment year 2024-25 is nearing (July 31). Most people need the help of someone who is good with accounts and tax filing to assist them during this time of the year. Chartered Accountants (CA) and CA aspirants are often sought after by their friends and family to file Income Tax Returns (ITR).
Recently, Manthan Raichura, a CA aspirant, took to X (formerly Twitter) to vent his frustration
This week, a Chartered Accountancy (CA) aspirant took to his X (formerly Twitter) account and shared his opinion on how some acquaintances remember you only during their time of need.
Raichura shared a chat screenshot of himself and an old acquaintance who had not been in touch with him for a long period of time. The conversation started with a simple “Hello” and within some time the actual motive was revealed. Soon the acquaintance requested help with filing his ITR.
The conversation was initiated by the acquaintance who sent a message, and Raichura responded to it with a curious mind unaware of the sudden unknown contact. The acquaintance then replied in Hindi, saying,
“Yes, I wanted to file the ITR.” Raichura immediately cut to the chase, asking for details and fees. The acquaintance responded, “Achaa…fees dena hoga. Kitna? (Oh, I have to pay a fee? How much?)”
Just when Raichura quoted the fee for his help with the ITR, his acquaintance backed out as he was hoping to get the service for free. He left the conversation saying,
“Rehn de (leave it)”
Raichura shared the screenshot of the WhatsApp chat and wrote,
“I take no shame in asking for ITR filing fees. It is that time of the year when some unrelated relatives and old disconnected ‘friends’ will call/text for their selfish reason. Why should I feed my time to keep an inexistent relation?”
I take no shame in asking for ITR filing fees. It is that time of the year when some unrelated relatives and old disconnected “friends” will call/text for their selfish reason. Why should I feed my time to keep an inexistent relation? #ITR #ITRseason pic.twitter.com/3VotKFzTOz
— Manthan Raichura 🇮🇳 (@heymanthan) June 23, 2024
He added that no one should feel ashamed to ask for a fee for their hard work and time. The post went viral with over a million views, 11,000 ‘likes’, over 500 re-posts, and over 600 bookmarks.
The post was flooded with comments from netizens. They gave mixed reactions to Raichura’s opinion
One user remarked,
“Bhai, I asked my CA friend to file only after you take money. It is his source of earning; I can’t expect him to do it for free.”
Bhai i asked my CA friend to file only after you take money. It is his source of earning I can’t expect him to do it for free
— Pritesh Jadhav (@priteshisgreat) June 24, 2024
Another user said,
“Same for doctors, bro! Why should such people be given free treatment after spending so many years in medical training? Good one. Keep it up.”
Same for doctors bro! Why should such people be given free of cost treatment after spending so many years in medical training. Good one. Keep it up.
— Shubham Singhal (@shubhamxsinghal) June 24, 2024
Bohut hi direct hai dost tumhara. Bro didn’t get the sarcasm of Bohut dino baad yaad aayi. 🤡🤣
I have stopped filing for them rather than doing for free. No means no.
— InMESSIonate (@Fan_LFC_FCB) June 23, 2024
One user said that he happily pays his best friend who files his ITR. Several people backed Raichura by saying that no one should offer their service for free.
Even my best friend charges me for filing my ITR, and I pay him happily.
— vikas (@i_am_Nani_vikas) June 24, 2024
Always charge extra from relatives and friends.
Universal balance needs to be restored.
— Ishwar Singh (@IshwarBagga) June 24, 2024
If you have the skills, don’t do it for Free! No one values it – Life lesson 😃
— Blue Prick (@TheBluePrick) June 24, 2024
No such thing as a free lunch, and rightly so 👏🏻
Either people should pay to utilise the skills and time of a professional, or learn and do it themselves.— S. Paul (@paul_sparsh) June 24, 2024
It’s important to set boundaries, especially with those who only reach out when they need something.
— Shobhit G (@shobhitgupta06) June 24, 2024
However, some reactions were not supportive. One user commented,
“Thank God I don’t have a CA friend like you. He’s a friend of 24 years, and we’ve met only thrice in the last 18 years, yet he just asks for my Form 16 and does the honour. I’m blessed I have friends like him.”
Thank God I don’t have a CA friend like you.
He’s a friend of 24 years and we have met only thrice in last 18 years, yet he just asks my Form 16 and does the honor.
I’m blessed I have friends like him.
— Madhav (@ispeakhere_) June 24, 2024
Another user suggested that the decline should be proper and respectful. A CA professional supported the decision of Manthan Raichuria. Another user asked Raichura to disclose the fee he quoted so that they could do the same to sway people.
Disclose the fees. We will also quote the same to done away with 🤣
— Rajat Agarwala (@RjtAg222) June 24, 2024
Very good decision.
— CA Ankit (@caankitnagpal) June 24, 2024
Many users asked Raichura about his quoted fees and he replied to most of them
Depends on nature of Incomes & time required
— Manthan Raichura 🇮🇳 (@heymanthan) June 27, 2024
People are eager to know the fees I quoted. I got many queries asking for fees. Dear all, the fees are based on the efforts that would be required for ITR & the Income you earn (can’t charge ₹5K from a person having income of & 5L) and hence cannot be quoted in general. #ITR
— Manthan Raichura 🇮🇳 (@heymanthan) June 26, 2024
Though ITR filing has been a lot simpler than before, people still look up to professionals for help. Should they offer their service for free? Let us know in the comments.
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21 Eid Special Mehndi Design – Latest & Easy Patterns (2024)
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The festival of Eid is incomplete without a special mehndi design for Eid. Going on for generations, this is where culture meets artistic creativity and opens the door to exploring new designs to adorn yourself with body art. In this era, ancient tradition speaks through modern expression with timeless techniques and significance. We have curated this list of Eid special mehndi designs just for you.
Here are some of the best mehndi designs for Eid that we have come across:
1. Arabic mehndi design for Eid
Arabic mehndi designs are best known for their intricate detailing and deep stains but if you want to keep it minimal, here is an idea for you. In this special mehndi design for Eid below, you can see the precise detailing on the expanse of the palm and the dainty flower bracelet design around the wrist.
2. Net back hand henna design
Net henna designs are also pretty common in clients looking for Eid special mehndi designs. In this net design below, you can see that thin lines of henna have been filled in the dome-like design and each intersection of such lines sports a cute flower.
3. Central flower motif henna
If you are looking for a special mehndi design for Eid with a central motif design, then this design below might interest you. Whilst the fingers have been covered in an angular mesh design, there is medium-sized round motif at the center that is bordered with flower motifs.
4. Geometric henna designs
Geometric patterns have always been a medium of representing art and other significances. In Morrocan mehndi designs, you often see the use of pointed geometric shapes like triangles and squares which makes the design stand out. In this special mehndi design for Eid, you can see that apart from the diagonal design across the fingers, there is a vertical line of square motifs.
5. Minimalistic henna with dainty motifs
If you are a minimalist looking for Eid special mehndi designs to sparkle up on the occasion, this design below can be a good choice for you. Around the wrist, you can see a traditional glove-like design that has been filled in with tiny flowers and beaded motifs.
6. Finger Eid special mehndi design
When it comes to minimalistic Eid easy mehndi design, finger henna designs can be one of the best options for you. In this mehndi design below, you can see a spiraling leaf design from the wrist to the fingertip of the middle one and others are adorned with ring designs.
7. Moon henna design for Eid
A moon motif is perfect for Eid mehndi designs. In the Eid easy mehndi design below you can see that to keep the motif more prominent, it has been paired with minimal flower motifs with each finger dining a different design.
8. Stylish Eid mehndi design
If you are looking for trending and stylish mehndi designs to stand out in the crowd this season, then take a look at this 3D ornamented mehndi design below. The central flower motif is shaded and done in a unique way to give you a 3D look.
9. Jharokha mehndi design
Jharokha mehndi designs for Eid look amazing when paired with traditional and ethnic outfits for their stunning cutout design. In this beautiful henna design below you can see that it gives you a glove like illusion and the gap is filled in with star designs. If you are looking for Eid easy mehndi design, then the design shown is a good option for you.
10. Negative floral mehndi design back hand
The best thing about negative mehndi designs is that they are quite eye-catching with deep and dark henna stains. In such designs, the motifs are outlined but they are not filled in, instead, the surroundings the filled in with henna giving you a contrasting look to flaunt as Eid easy mehndi design.
11. Ornamental back hand mehndi design
If you like jewelry-imitated mehndi designs, then these ornamental mehndi designs for Eid design will catch your eye. If spotted from afar, it seems like you have jewelry on but in reality, it’s just a neatly done henna artwork. This makes it a good option for Ramzan Eid special mehndi design for you to flaunt.
12. Segmented palm mehndi design
Segmentation is used in mehndi designs which involve several motifs in a design. If segregated, then each motif becomes more prominent thus adding value to the whole look. In this Ramzan Eid special mehndi design below, you can easily see how each motif in the design differs yet gives you a quality look at the end.
13. Easy Eid henna ideas
It can happen that you have less time to spare or on a tight budget, worry not, this is where these kinds of easy Eid special mehndi designs come into play. The gap in between the bands of design makes the distinction starkly prominent and unique. This Ramzan Eid special mehndi design also gives you a neat and classy vibe.
14. Semicircle design with lotus motifs
Semicircle mehndi designs are selling like hot cake in the trend charts for their classy finished look. In this henna look below, the semicircle motif is further bordered by lotus motifs and the equidistant designs give you a clean and neat look.
15. Peacock mehndi design front hand
When it comes to royal hand mehndi designs, nothing beats a peacock motif design. In this gorgeous mehndi design below, you can see that along with peacock motifs, there are prominent angular negative lotus motifs splayed across the thumbs.
16. Vertical henna design for Eid
Vertical segmentation in hand mehndi designs gives you a chic look and makes your palm look longer. In this stunning design below you can see the vertical segregation of motifs around the longest finger with a broad band design around the wrist. The negative box henna designs have been done in a way that gives you a flower-type motif.
When it comes to Ramzan Eid special mehndi design, rose motifs are an all-time favourite and in demand. Below you can see a distinct negative rose motif with a vertical segmentation of design around the fingers giving you a break from monotonicity in the patterns.
18. Elephant motif back hand mehndi
Elephant motif mehndi designs for Eid give you a regal look and can be done in several ways. You can have negative henna designs as well as designs like the one shown below. The central circular design is extended on both sides in bands of henna and secured with a wrist design.
19. Negative lotus mehndi design
Negative lotus mehndi designs are the talk of the mehndi world for their simple yet chic finish. It is perfect for those who are looking for dark henna stains with minimal effort on motifs. It is less time-consuming and doesn’t burn a hole in your pockets as well.
20. Multimotif Eid special mehndi design
When looking for Eid special mehndi designs, it would be a waste to not mention a multi-motif palm mehndi design which gives you a detailed look with perfect segmentation. Starting from box motifs to lotus motifs, you get the best of everything in the design below.
21. Simple square motif palm mehndi design
Square motifs are somewhat considered unconventional when it comes to mehndi motifs, but if you want to be a head-turner, check out the design below. In these mehndi designs for Eid, the square motif is set in an angular way and the creeper motifs on the expanse of the palm fill up the space with minimal effort. This helps in keeping the design simple and stunning.
Hope this list of Eid special mehndi designs has been insightful and presented you with varied options to look into when deciding on the design.
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