India’s Urban Company soars 58% above IPO price in year’s most subscribed offering

Urban Company, India’s largest home services platform, stormed onto the public markets on Wednesday, opening 58% above its issue price after delivering the country’s most subscribed IPO of the year. The Gurugram-based startup, which connects users to at-home services ranging from beauty treatments to appliance repair, debuted on the Mumbai-based National Stock Exchange at ₹162.25…

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Tesla is recalling Powerwall 2 batteries over fire risk

Tesla is recalling Powerwall 2 home batteries in Australia after the company received reports of fires that led to “minor property damage,” according to the Australia Competition and Consumer Commission. The recall affects an unspecified number of Powerwall 2 units made in the U.S. and sold between November 2020 and June 2022. The cells were…

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