This is not a smartphone feature you want to copy: Another phone explodes, this time a Reliance Jio LYF phone. The user Tanvir Sadiq claimed on Twitter that the phone, bought at a Reliance Retail outlet, exploded and caught fire, resulting in a narrow escape for him. The pictures he posted show its charred remains. This is the second LYF phone that is said to have exploded, after the first incident on September 6.

PNB Housing Finance had a stellar debut today, listing on stock markets with a 11.4% premium after being over-subscribed 29.5 times. The stock, the fifth largest housing loan company in India, had received near-universal 'Subscribe' recommendations from analysts. Punjab National Bank, the biggest shareholder of the company, however reported lukewarm quarter results, with a fall of 11.5% in its Q2 profit. 

The GST is being turned into a complex regulation, thanks to five tax tiers and multiple exemptions.  A five-slab structure of 0%, 5%, 12%, 18% and 28% has been finalized by the committee. In addition some 'demerit' goods will be taxed above 28%, and cesses applied on them. 

Stock in spotlight: Lupin Limited is among the top gainer stocks today, with shares rallying over 6% after the company received USFDA clearance for its Goa plant. The company had lost 15% of its value over the last three months after news of legal tussles with US drug maker Horizon over patent ownership of a drug, and is still trading below an average broker target Rs. 1741.

Photo of the day: A walk in a public park may not be so healthy, on a smoggy Delhi day. Adnan Abidi/Reuters