Air India is cutting around 100 flights a day as rising jet fuel prices squeeze its operations. The steepest reductions hit long-haul routes to Europe, North America, Australia, and Singapore, the airline's highest-revenue international corridors. The Federation of Indian Airlines has warned the government that more carriers could suspend services unless fuel cost relief arrives soon. Jet fuel is the single largest cost for any airline, typically accounting for 30-40% of operating expenses. When prices spike sharply, long-haul international routes, which burn far more fuel per flight, become the fastest targets for cuts. Air India's move signals the cost pressure has crossed a threshold where flying those routes is no longer commercially viable at current fares. For travelers, fewer daily flights means tighter seat availability and likely higher fares on the affected corridors, particularly during peak travel periods. For Air India, shrinking capacity risks ceding ground to rival carriers on routes it has been rebuilding since its privatization. Watch for whether the government responds with fuel tax relief or subsidy measures, and whether other Indian carriers follow with similar cuts.
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.