Gautam Adani has overtaken Mukesh Ambani to become the wealthiest individual in both India and Asia, with a net worth of $92.6 billion against Ambani's $90.8 billion, according to the latest billionaire rankings. The $1.8 billion gap marks a reversal in a rivalry that has defined the upper tier of Asian wealth for years. Adani's conglomerate spans ports, airports, energy, and commodities, sectors with direct exposure to India's infrastructure spending cycle, while Ambani's Reliance Industries anchors itself in petrochemicals, retail, and telecom. The ranking shift signals continued capital appreciation in Adani Group assets, likely driven by infrastructure contract wins, energy transition bets, and broader investor confidence in India's growth story. Investors tracking large-cap Indian equities and sovereign wealth allocations to South Asia will watch whether the gap widens, as both groups are active in private placements and project finance at scale.
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.
