Zomato founder and eternal Vice President Dipinder Goyal announced that pre-orders for the Temple device—a wearable brain monitoring device—will soon open. He noted that this gadget is currently the most compact and powerful wearable device on the market, and its size has been reduced by less than half compared to the original.
In the e-commerce sector, Meesho expects to create over 10 lakh seasonal jobs within its seller and logistics ecosystem to handle increased demand during the festive season. According to Press Trust of India, it is planned to add about 6.5 lakh jobs to the seller network and approximately 3.75 lakh positions in logistics operations.
In other news, Nobel Hygiene filed a draft red herring prospectus for an Initial Public Offering (IPO) to raise fresh capital amounting to 150 crore rupees. The company intends to use these funds to expand production capacity at its Halol facility and repay existing bank debt. This public offering includes a new issue of up to 150 crore rupees of equity capital with a face value of 2 rupees and an offer to sell up to 1.55 crore shares.
Furthermore, worsening water stress in India is prompting communities to seek solutions, one of which is the revival of ancient water structures. For instance, a group of non-profit organizations restored the two-hundred-year-old Moosi Rani Sagar stepwell in Rajasthan.
In the wearables section, it was announced that Atomberg Technologies Limited, a home appliance manufacturer, filed a draft red herring prospectus with SEBI for an IPO. The offering includes a fresh issue of shares worth up to 450 crore rupees, as well as an offer to sell more than 7.65 crore shares by existing investors, including A91 Emerging Fund, V-Sciences Investments, Inflexor, and Steadview Capital.