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Ather Energy’s initial public offering struggled to gather strong investor interest on the second day of bidding, with the overall subscription reaching just over 30% as of 05:09 PM on Tuesday, April 29.Retail investors led the demand, subscribing 1.19 times of their allocated quota, while non-institutional investors (NIIs) subscribed 28%. The Rs 3,000-crore offering closes on April 30, with listing scheduled for May 6.GMP slidesIn the grey market, Ather Energy’s unlisted shares were trading around Rs 322 on Tuesday, reflecting a muted premium of just Rs 1—or 0.31%—over the upper end of the price band at Rs 321, according to sources tracking unofficial trading.Read More: Sensex & Nifty are healing. But will this revive the Rs 2 lakh crore IPO pipeline lying in dumps?The Grey Market Premium (GMP) has weakened steadily. Before the IPO opened, the GMP stood at Rs 7, dropped to Rs 3 by Monday, and slipped further to about Rs 1 by Tuesday. Market observers attributed the decline to selling pressure on Dalal Street last Friday, but noted sentiment could improve with a market turnaround.Key offer detailsAther Energy’s IPO consists of a fresh issue of Rs 2,626 crore and an offer-for-sale (OFS) worth Rs 355 crore, with a price band set between Rs 304 and Rs 321 per share. The company has already raised Rs 1,340 crore from anchor investors including SBI Mutual Fund, Franklin Templeton, and Abu Dhabi Investment Authority.At the upper band, the electric two-wheeler maker’s valuation stands around $1.4 billion—a sharp 44% cut from its earlier target amid cautious global market sentiment.Proceeds from the fresh issue will be used for establishing a new manufacturing facility in Maharashtra, repaying certain borrowings, and investing in research and development, marketing, and general corporate purposes.Also Read: Ather Energy's Rs 2,981-crore IPO opens for subscription. Should you bid amid weak GMP?Analyst recommendation: Apply or not?Despite the soft grey market trend, analysts remain positive on Ather Energy’s fundamentals. "At the upper band of Rs 321, the issue is valued at a EV/sales ratio of 8x, based on 9MFY25 sales of Rs 1,579 crore. We are recommending a Subscribe for listing gain rating for this issue," said Arihant Capital.Ather, known for its strong in-house R&D and early mover advantage in the premium electric scooter market, has recently expanded its product lineup with models such as the Ather Rizta.IIT Madras, one of Ather’s early backers through its incubation arms, holds 15.58 lakh shares and is expected to realise around Rs 50 crore from the listing.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

1. Supreme Court asks what’s wrong if country using Pegasus against ‘anti-nationals’, agrees to examine if private citizens were hacked  The Hindu
2. "Situation We're Facing...": A Pahalgam Hint In Top Court's Pegasus Remarks  NDTV
3. ‘You can’t compromise or sacrifice the nation’s security’: Supreme Court on Pegasus row  The Indian Express
4. Pegasus Spyware: SC Says Use for Security Valid, But Privacy Must Be Protected  Deccan Herald
5. Pegasus row: SC says findings linked to national security will not be disclosed  Times of India

Chemicals in food containers, medical equipment behind spike in heart disease deaths: Report  Telangana TodayView Full coverage on Google News

In a concerning case of a stock market fraud, a 37-year-old private sector employee from Asif Nagar, Hyderabad, fell prey to a stock market investment scam, losing Rs 2.8 crore in a fake Initial Public Offering (IPO) scheme, according to a Times of India report.The victim was reportedly lured through a Facebook advertisement promising early access to upcoming IPOs. Upon clicking the link, he was redirected to a fraudulent web page controlled by scammers, who subsequently added him to a WhatsApp group where daily discussions around IPO investments took place.The fraudsters, one of whom posed as a woman named "Priya," persuaded the victim to make multiple deposits between March 7 and April 21, 2025, using their app named ASKMIN.To build trust, the scammers initially transferred Rs 4.9 lakh into the victim’s account as so-called "profits," encouraging him to invest larger amounts over time, according to the ToI report.However, when the victim later attempted to withdraw his funds, the fraudsters demanded an additional 15% payment as a "processing fee." Despite showing him a fabricated account balance of Rs 32.3 crore on their fake app, the scammers continued to delay any actual payouts.Realizing he had been duped as the demands for more money persisted, the victim approached the Hyderabad Cyber Crime police.Based on the complaint, a case has been registered under various sections of the Bharatiya Nyaya Sanhita and the Information Technology Act, including charges of cheating, forgery, and operating an organized crime syndicate.Authorities are currently investigating the network behind the ASKMIN platform.This case serves as a reminder for investors to exercise extreme caution while engaging with online investment platforms and unsolicited offers on social media. Experts advise verifying the authenticity of any investment opportunity, particularly those related to IPOs, directly with exchanges and SEBI-registered intermediaries, and to avoid relying on links or promises made via unofficial channels.Also read: Reliance Industries shares at inflection point. 6 reasons why FY26 could be the year of big re-rating(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

1. J&K Police detains Pakistani nationals who ignored deportation order deadline  Greater Kashmir
2. "What Is Our Fault?" Pakistanis Question As Medical Visa Deadline Ends  NDTV
3. 'Terrorists should be punished, not us': Tears at Pak border as families separate  India Today
4. Odisha waiting for fresh directive from Centre on deportation of 11 Pak nationals  Hindustan Times
5. Pakistani citizens face up to ₹3 lakh fine or prosecution if they fail to leave India by April 29 deadline  Mint

No Thomas Partey, big problem for Arsenal! PSG's majestic Vitinha, Joao Neves and Fabian Ruiz are the best midfield trio in the Champions League  Goal.comView Full coverage on Google News

1. Hashim Musa, ex-Pakistan Army Special Forces soldier, prime suspect in Pahalgam terror attack  The New Indian Express
2. Pahalgam massacre: Pakistani terrorist former para commando, says probe  Times of India
3. Former Pakistan Army Commando Identified As Key Figure In Deadly Pahalgam Terror Attack, Entered India In September 2023  Swarajyamag
4. 4 Counter Terror Ops Underway In Kashmir A Week After Pahalgam Attack  NDTV
5. Intense counter-terrorism operations under way at various places in J&K  Deccan Herald

1. Raid Box Office Day 1 VS Ajay Devgn’s Biggest Openers: Much Awaited Sequel Needs To Earn This Much On Opening Day To Enter Top 5!  Koimoi
2. After an Encouraging start, Ajay Devgn’s Raid 2 slows down at advance booking counter  Times of India
3. Raid 2 Advance Booking open: Ajay Devgn starrer collects around Rs 42.12 lakh in pre-sales  Moneycontrol
4. Ajay Devgn's ‘Raid 2’ inches close to Rs 2.5 crore in pre-sales  Telegraph India
5. Raid 2 and HIT 3 share this similarity  123telugu.com

U.S. accounting firms including RSM US, Moss Adams, Bain Capital-backed Sikich and Apax Partners-backed CohnReznick are expanding their operations in India to tackle an acute shortage of accountants at home. The surge in recruitment has started boosting enrolment in specialised commerce courses in India, and could establish Asia's No. 3 economy as a hub for accounting talent, reminiscent of the 90s outsourcing boom that revolutionised the tech industry. "This could be the breakthrough moment for public accounting firms in India," Balaji Iyer, managing partner at Moss Adams India, told Reuters. "Right now, the U.S. is facing a significant and growing shortage of certified public accountants, a trend that will only intensify in the coming years." About 1.78 million people were working as accountants in the United States in 2024, about 10 percent fewer than in 2019, according to U.S. Bureau of Labor Statistics data, as many seasoned accountants retired without a reliable pipeline of qualified replacements. The American Institute of CPAs (AICPA), the national body that conducts and grades qualifying exams and sets auditing standards for the profession, admitted a "talent pipeline issue" as it commissioned an independent study last year. About half its members are over the age of 50. "The accountant shortage is being acutely felt throughout the market," the National Talent Advisory Group study found, adding that several businesses such as toymaker Mattel reported a delay to annual reports and other key filings due to the shortage. Accountancy - known for long hours, lower pay than many other finance jobs, and a rule effectively requiring a fifth year in university for CPA licensing - has also become unpopular with younger people. "Fewer students are majoring in accounting, partly because the field is seen as less exciting than tech or finance, and automation has added uncertainty," said Rebecca Hann, associate dean of research at University of Maryland's Robert H. Smith School of Business. Hann published a research paper on the country's accountant shortage last year. RSM US aims to more than double its India workforce to 5,000 by 2027, the firm told Reuters. Sikich also said it was increasingly hiring in India to fill vacancies for accountants and auditors, as well as tech talent to support its automation and AI-related efforts. "Ultimately, it's less about filling roles one for one and more about transforming how we deliver services, using both highly skilled talent and advanced technology to meet evolving client demands," said Bobby Achettu, principal at Sikich and India operations lead. The firm has a 200-member team in India, accounting for around 10% of its global workforce. Larger rivals Deloitte, EY, KPMG, and PwC, the "Big Four" of accounting, had a combined headcount of between 140,000-160,000 people in their India global capability centres (GCCs) as of 2024, according to market intelligence firm UnearthInsight. The Big Four companies did not respond to emails seeking comment. TALENT PIPELINE The turn to India for accounting talent echoes similar moves in tech over the past two decades, where global companies including Walmart, Microsoft and JPMorgan Chase have set up offices in India to tap into the South Asian country's engineering talent. The U.S. Bureau of Labor has projected the number of accountant and auditor jobs will grow 6% from 2023 to 2033, outpacing the average for all occupations. Some of the mid-sized accounting firms are so desperate to solve the recruitment gap that they are hiring direct from Indian campuses and even offering to sponsor CPA courses for their younger talent. "First, it was the 'Big Four' accounting firms. Then, mid-sized firms such as EisnerAmper and BDO also started hiring from us," said Biju Toms, Director, Department of Professional Studies at Christ University in Bengaluru. That has boosted demand for specialised courses such as the college's Bachelor of Commerce (International Finance), which got around 3,000 applications for the 120 available places. "There is always the need for trained talent with industry exposure, and cost arbitrage into play, when you operate from India," Toms said. "So, similar to outsourcing in tech, accounting is a new area that is really opening up."

1. SpaceX hits 250 Starlink launches with Falcon 9’s smooth sea touchdown, see video  Moneycontrol
2. Amazon launches first Kuiper internet satellites, taking on Starlink  Reuters
3. ULA launches first production Amazon Kuiper satellites on Atlas 5 rocket from Cape Canaveral  Spaceflight Now
4. Brand-new Falcon 9 rocket sends 23 Starlink satellites to orbit on SpaceX's 2nd launch of the day  Space
5. SpaceX Starlink Group 11-9 smallsats is 1 of 2 launches on Monday from both coasts  news.satnews.com

1. Trump Trucking Order: Sikh Groups Raise Alarm Over English Proficiency Rule  Deccan Herald
2. Donald Trump signs executive order for truck drivers, Sikh advocacy group raises concern  The Hindu
3. Why Sikh truckers are protesting against a Trump executive order  India Today
4. Trump's new order for US truck drivers has left them worried. Will this create employment barriers?  The Economic Times
5. 'Proficiency in English mandatory': Trump's order on truck drivers sparks controversy, Sikh group reacts  India TV News

1. Former Pakistan minister reshares Congress' 'Gayab' poster with 'Modi missing' caption, BJP reacts  Moneycontrol
2. "A Dog Whistle...": Furious BJP Shoots Down Congress' "PM Gayab" Jibe  NDTV
3. Cong's headless Modi poster on Pahalgam gets BJP's 'Lashkar-e-Pakistan' counter  Hindustan Times
4. Lashkar-e-Pakistan Congress: BJP fumes over headless poster dig at PM  India Today
5. 'Modi using Pahalgam attack for Bihar elections': Karnataka minister's shocker day after Congress issues...  Moneycontrol

1. Supreme Court Refuses To Suspend Life Sentence Of Sanjiv Bhatt In 1990 Custodial Death Case  Live Law
2. No Bail For Expelled Gujarat IPS Officer Sanjiv Bhatt In 1990 Custodial Death Case  NDTV
3. Supreme Court rejects ex-IPS officer Sanjiv Bhatt’s plea for bail, suspension of life sentence in 1990 custodial death case  The Indian Express
4. SC denies bail to former IPS Sanjiv Bhatt in 1990 custody death case  Hindustan Times
5. Supreme Court denies bail to ex-IPS officer Sanjiv Bhatt in custodial death case  India Today

1. Massive power outage leaves Spain and Portugal in the dark. What caused it?  Firstpost
2. A day without power: What 12 hours of darkness looked like in Spain and Portugal  CNN
3. Madrid Open: Coco Gauff and Mirra Andreeva on Spanish national power cut  BBC
4. Tennis players in the dark as matches at Madrid Open suspended because of major power outage  Hindustan Times
5. Did ‘induced atmospheric vibration’ cause blackouts in Europe? An electrical engineer explains the phenomenon  The Conversation

जागरण संवाददाता, पटना। Patna News: दुर्ग-आरा साउथ बिहार एक्सप्रेस को सोमवार को राजधानी के राजेन्द्रनगर टर्मिनल पर ही रोक दिया गया। यात्रियों को सूचना दी गई कि ट्रेन अब आगे नहीं जाएगी। इसके बाद राजेन्द्र नगर टर्मिनल पर ही यात्रियों ने हंगामा शुरू कर दिया। यात्री इसके लिए रेलवे पर लापरवाही का आरोप लगा रहे थे।

इससे अधिकांश यात्री आरा नहीं जा सके। नाराज यात्रियों ने बताया कि रेलवे की ओर से पूर्व में कोई सूचना तक नहीं दी गई। पटना जंक्शन के निदेशक अरुण कुमार का कहना है कि ट्रेन गंतव्य तक क्यों नहीं गई, इसकी जानकारी नहीं है।

राजेंद्रनगर टर्मिनल पर ट्रेन आने के बाद करीब 20 मिनट तक यात्री ट्रेन खुलने का इंतजार करे रहे। जब ट्रेन नहीं खुली तो यात्री प्लेटफार्म नंबर एक पर स्थित स्टेशन मास्टर के चेंबर में गए और ट्रेन को चलाने की मांग करने लगे।

वहीं, स्टेशन मास्टर ने जवाब के तौर पर ट्रेन नहीं जाने की बात कही तो यात्री नाराज हो गए। राजेंद्रनगर टर्मिनल पर ही हंगामा करने लगे। यात्रियों का हंगामा तेज हो गया तो रेल पुलिस की टीम पहुंची तो समझा बुझाकर मामले को शांत कराया।

ट्रेन रनिंग स्टेटस में आरा पहुंची दिखाई दी

परेशान यात्रियों का कहना था कि ट्रेन अपने तय समय से करीब एक घंटे 45 मिनट देर से रात 8:05 बजे प्लेटफार्म नंबर पांच पर आई, लेकिन ट्रेन को राजेंद्रनगर टर्मिनल पर ही रोक दिया गया। यात्रियों को इस ट्रेन के शार्ट टर्मिनेट की कोई सूचना तक नहीं दी गई।

बड़ी बात तो यह है कि ट्रेन रनिंग स्टेट्स में पटना जंक्शन, दानापुर, बिहटा और आरा तक लेट समय के अनुसार पहुंचाने का दिखाया, जबकि यह सूचना बिल्कुल गलत थी।

यात्रियों ने बताया कि बिना सूचना के ही राजेंद्रनगर टर्मिनल पर खड़ी कर दी गई। काफी संख्या में यात्रियों को पटना जंक्शन, दानापुर, बिहटा और आरा तक सफर करना था। परेशान यात्री राजेंद्रनगर टर्मिनल से उतर कर निजी साधनों से अपने घर के लिए प्रस्थान किए, जबकि कई यात्री ट्रेन के दूसरे विकल्प के लिए टर्मिनल पर इंतजार करते रहे।

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