Swiggy, backed by SoftBank and Prosus, has filed for an initial public offering (IPO) to raise Rs 3,750 crore ($448.56 million). In its draft prospectus, the company announced that existing shareholders, including Accel India and Tencent Europe, will sell about 185.3 million shares. Swiggy competes with Zomato in India’s online food delivery market. This IPO comes amid a strong market for public listings in India, where 198 companies have raised $7.1 billion as of September 2023, more than double the amount from the same period in 2022. Swiggy's IPO is expected to be among the largest this year.

Abhijit Chakraborty, founder of Alphanumero, has launched an innovative “Birthday Plus One” leave policy, granting employees two additional days off annually, one for their birthday and another for a loved one’s birthday. This initiative aims to enhance work-life balance and celebrate personal milestones within corporate culture. Chakraborty shared his personal experiences of workplace disapproval for taking time off, emphasizing the importance of recognizing celebrations without guilt. The policy has received overwhelmingly positive feedback on social media, with many praising its empathetic approach to employee well-being. Chakraborty hopes to expand the policy as the company grows.

A 37% increase in property purchases by Indian investors in Greece occurred between July and August, driven by a rush to secure residency before new regulations took effect on September 1. The Golden Visa Programme, launched in 2013, allowed non-EU citizens to obtain residency permits by investing in real estate, initially set at €250,000. However, rising demand has led to an investment threshold increase to €800,000 in popular areas like Athens and Mykonos. The program remains appealing due to attractive rental yields and access to quality healthcare and education in the EU.

Shankh Air, India’s newest airline, has received approval from the Civil Aviation Ministry to begin operations, pending final clearance from the Directorate General of Civil Aviation. Based in Uttar Pradesh, with hubs in Lucknow and Noida, Shankh Air will focus on both interstate and intrastate routes, targeting cities with high demand and limited direct flights. The airline’s No Objection Certificate (NOC) is valid for 3 years. Its entry is expected to boost regional connectivity across India, enhancing mobility in underserved areas.

The S&P BSE Sensex crossed the 85,000 mark for the first time, rising 80.74 points to 85,009.35, while the NSE Nifty50 hit a record high of 25,968.20, gaining 29.15 points by 10:05 AM. Despite geopolitical tensions in the Middle East, Indian stock markets continued to perform strongly, with broader market indices also trading in positive territory. Volatility remained a key factor throughout the session, but investor sentiment stayed upbeat as both benchmark indices reached new highs on Dalal Street.

The S&P BSE Sensex and NSE Nifty50 reached all-time highs in Monday's trading session. The Sensex hit 84,843.72 shortly after opening, while the Nifty50 rose to 25,910.35. By 9:30 am, the Sensex was up 257.38 points at 84,801.69, and the Nifty50 increased by 107.30 points to 25,898.25. Investor optimism was driven by expectations of more policy easing from the US Federal Reserve later this year, contributing to the positive momentum in India's stock market. Both indices reflect strong market confidence amid hopes for favorable economic conditions.

Elliott Hill's remarkable 36-year journey at Nike, from intern to CEO, has inspired many as his story circulates on LinkedIn. Hill began his career at Nike as a humble intern, after a six-month pursuit for the position. Over the decades, he steadily climbed the corporate ladder, embodying the dream of transforming an entry-level role into the top executive position at one of the world's leading athletic brands. His ascent reflects not only personal perseverance but also serves as a motivational tale for those aspiring to achieve their career goals. Elliott Hill will succeed John Donahoe as the President and CEO of Nike on October 14.

India's foreign exchange reserves rose by $223 million, reaching a record high of $689.458 billion for the week ending September 13, according to the Reserve Bank of India. This follows an increase of $5.248 billion in the previous week, bringing reserves to $689.235 billion on September 6. Despite the overall rise, foreign currency assets (FCA), which form the largest component of forex reserves, fell by $515 million, totaling $603.629 billion. The decline in FCA reflects the impact of the appreciation or depreciation of non-US currencies like the euro, pound, and yen within the reserves, as measured in dollar terms.

Indian businessman Ashneer Grover’s controversial remarks praising toxic workplaces have gone viral after the tragic death of 26-year-old EY India employee Anna Sebastian Perayil. In an old video, Grover criticized the “lifeless” atmosphere at EY, claiming toxic environments drive better work. Harsh Goenka, Chairman of RPG Enterprises, reacted on social media, calling Grover’s stance “baffling.” Following Perayil’s death, reportedly linked to work stress, former EY employees voiced concerns about harsh office conditions. The Union labour ministry is investigating the incident. Grover’s comments have sparked a broader debate on work culture in corporate India.

India's key stock indices, Sensex and Nifty, achieved record highs on Friday. The S&P BSE Sensex surged 965 points to 84,149.80, surpassing the 84,000 mark for the first time. The NSE Nifty50 gained 276.60 points to reach 25,692.40, an all-time high. This uptrend follows a strong rally on Wall Street, fueled by positive US labour market data and a larger-than-expected rate cut. The Indian stock market's gains reflect improved investor sentiment.