Huya's revenue grew by 11% in the second quarter due to the development of publishing activities

Due to fraudsters constantly improving their methods to obtain people's personal data and steal funds, the Abu Dhabi Customs authority issued a warning to the public on Wednesday regarding circulating fake messages, advising residents to follow certain recommendations for online protection.

Abu Dhabi Customs used its social media channels to publish an important notification concerning a fraudulent message titled: 'Official Customs Notification of Detention – Customs Tariff Classification Required (Harmonized System),' warning everyone who receives such a message online not to respond to it. Residents can call 800 555 for consultations or support from this authority.

The authority stated that individuals sending these messages are impersonating Abu Dhabi Customs and asking recipients to click on suspicious links or provide personal information, emphasizing that such messages are not official correspondence issued by Abu Dhabi Customs.

As part of its warning, Abu Dhabi Customs published a guide for the public on protecting their information online: do not click on anonymous or suspicious links; do not share personal or confidential data; verify the source of the message before taking any action or making payments; and ignore suspicious messages and do not engage with them.

UAE authorities regularly warn residents about fraudsters and their increasingly sophisticated manipulation tactics. In addition to these warnings, steps have been taken to protect residents. In Dubai, the police closed 103 fraudulent social media accounts during the second quarter of 2026 as part of efforts to protect residents from online fraud. These actions occurred against the backdrop of repeated warnings that fraudsters use social media platforms and messengers to advertise non-existent services and offers.

Previously, in August, Dubai Police sent a message to reassure residents, stating that artificial intelligence and criminal data analysis are increasingly being used to support investigations and identify emerging threats, allowing officers to move from reacting to offenses to predicting and preventing them. Nevertheless, the public is advised to remain vigilant.

The Initial Public Offering (IPO) of Milky Mist Dairy Foods for an amount of 1,553 crore rupees will conclude the application period on Thursday, August 13. The shares were fully subscribed on Wednesday, the second day of the three-day trading period, indicating high demand from retail and non-institutional investors.

The company has set the price band for each share at 133–140 rupees, with a nominal share value of 2 rupees. The minimum investment amount is 14,980 rupees by purchasing a minimum of 107 shares, and subsequent purchases are possible in multiples of 107 shares.

The company, supported by Temasek, offers a discount of 13 rupees per share for employees participating in the employee placement.

The IPO includes a primary issuance of new shares worth up to 1,428 crore rupees and an Offer for Sale (OFS) of shares worth up to 125 crore rupees. Under the OFS, Satishkumar T, Chairman and Managing Director of Milky Mist, will sell up to 75 crore rupees worth of shares, and Anita S, Co-founder and CEO, will sell up to 50 crore rupees worth of shares.

Prior to the IPO, Milky Mist conducted a private placement that included 543,789 shares and 25 million Compulsorily Convertible Preference Shares (CCPS) at a price of 139.76 rupees per share. The total amount of this deal was 357 crore rupees.

The offered shares are planned to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of India, with NSE serving as the designated listing exchange. The managers leading the placement process are JM Financial, Axis Capital, and IIFL Capital Services.

Milky Mist was founded in 1985 as a milk trading company and later began producing curd, launching the 'Milky Mist' brand in 1997. The company, based in Tamil Nadu, currently produces value-added products such as yogurt, cheese, curd, butter, ghee, ice cream, and UHT products, as well as frozen, ready-to-eat, and ready-to-cook products.

The Milky Mist IPO reflects a more specific trend: the business is less related to milk and more related to what kind of dairy business the Indian markets are currently willing to support. The company's offering to investors is based on a different concept of dairy products.

Instead of betting on liquid milk volumes, Milky Mist has built most of its portfolio around value-added products, where margins are higher. These products together account for more than half of the company's revenue. In fact, Milky Mist resembles an FMCG company that uses milk as raw material, although it sells some of it in tetra packs.