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.

Around 1,500 workers of Samsung India Electronics in Chennai, Tamil Nadu, have been on strike for 11 days, demanding better wages and recognition of their newly-formed union, the Samsung India Labour Welfare Union (SILWU). Workers claim unsafe conditions, low wages, and management pressure against the union. The protest has significantly disrupted production at the plant, which contributes $4 billion to Samsung’s annual revenue in India. Police detained 104 protesters for marching without permission. Samsung denies allegations of mistreatment and insists discussions are underway. Labour unions backed by leftist parties are supporting the workers' demands for collective bargaining.

Tupperware Brands has filed for Chapter 11 bankruptcy protection amid declining demand and rising costs. The company, known for its food storage containers, reported assets between $500 million and $1 billion and liabilities ranging from $1 billion to $10 billion. Tupperware’s financial troubles worsened after a brief pandemic-related surge in sales. Rising raw material, labor, and freight costs have exacerbated the issue. In 2023, the company struggled with $700 million in debt and engaged Moelis & Co for strategic advice. The bankruptcy filing aims to address the company’s liquidity crisis and restructure its debt.

Amazon.com will require employees to return to the office five days a week starting next year, tightening its previous three-day in-office mandate. CEO Andy Jassy stated that this change is essential for "inventing, collaborating, and staying connected," and noted that the three-day model reinforced the benefits of in-office work. The move contrasts with many companies allowing remote work since the pandemic, leaving some downtown offices underused. While other tech firms have adopted two- or three-day office policies, Amazon’s stricter stance comes as Covid-19 concerns diminish. Some employees have reported being required to work from distant offices or relocate to Seattle.