Gautam Adani has reclaimed the title of Asia's richest person, overtaking Mukesh Ambani with a net worth of $92.6 billion as of April 16, according to the Bloomberg Billionaires Index. Adani now ranks 19th globally on that index. The shift marks a notable reversal of fortune for Adani, whose wealth and group companies came under severe pressure following the January 2023 Hindenburg Research short-seller report. The recovery is driven by a broad rebound in Adani Group stock prices across the conglomerate's listed entities. The gap between Adani and Ambani signals meaningful market re-rating of Adani Group equities. Investors will watch whether the stock momentum is sustained or whether regulatory scrutiny and debt concerns, which shadowed the group after the Hindenburg episode, resurface to test the recovery's durability.
Flipkart will launch a food delivery pilot in Bengaluru by mid-August, charging restaurants a 10-11% commission compared to the 25-35% levied by Swiggy and Zomato. The move targets growing restaurant discontent with incumbent platforms and aims to drive daily engagement across Flipkart's 500 million registered users.
Maruti Suzuki crossed two lakh domestic units in July 2026 for the first time, recording 42.4% year-on-year growth. Total sales including exports and OEM supplies reached 2,41,421 units, with all passenger vehicle segments posting gains.
Air India's net loss more than doubled to ₹22,238 crore in FY26, prompting Tata Sons chairman N Chandrasekaran to extend the Vihaan.AI turnaround timeline from five years to as long as a decade.
UpGrad's all-stock acquisition of Unacademy, valued at Rs 1,955 crore, is set to close within three weeks after CCI clearance and near-complete investor sign-offs. The deal combines upGrad's upskilling business with Unacademy's test prep and medical education platforms, with Gaurav Munjal staying on as CEO.
