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Swiggy targets $15 billion valuation in IPO

Economictimes.indiatimes.com 

SoftBank-backed Swiggy is planning an IPO to raise $1-1.2 billion, targeting a $15 billion valuation. Competing with Zomato in the quick commerce sector, Swiggy's IPO aims to expand its Instamart business. The company received shareholder approval and expects regulatory clearance shortly.

Govt seeks proposals for setting up e-commerce export hubs

Economictimes.indiatimes.com 

The government invited proposals to set up e-commerce export hubs (ECEH) in India. The initiative aims to streamline export processes through e-commerce, supporting small producers and aggregators. The project includes warehousing, customs clearance, and returns processing, targeting to increase exports significantly in the coming years.

India's forex reserves jump by $4.54 bn to $674.66 bn as of August 16

Business Standard 

India's forex reserves jumped by USD 4.546 billion to USD 674.664 billion during the week ended August 16, the RBI said on Friday. In the previous week, the forex kitty had dropped by USD 4.8 billion to USD 670.119 billion. On August 2, the overall reserves hit an all-time high of USD 674.919 billion. In the week ended August 16, foreign currency assets, a major component of the reserves, increased by USD 3.609 billion to USD 591.569 billion, the data released on Friday showed. Expressed in dollar terms... Читать дальше...

Woman punched during anti-Muslim hate crime in Brooklyn: NYPD

Pix11.com 

BROOKLYN, N.Y. (PIX11) – A woman was viciously attacked during an anti-Muslim hate crime in Brooklyn on Wednesday, according to the NYPD. It happened inside of 139 Flatbush Ave. A 34-year-old woman was approached by a man, who allegedly punched her in the face multiple times, per police. The suspect allegedly made anti-Muslim remarks to [...]