Angel One posted a sharp 84% year-on-year profit increase in the March quarter, outperforming a period marked by broad equity market weakness. The results were driven by a combination of higher trading volumes, improved monetisation across its platform, and operating leverage, indicating that fixed cost absorption improved as revenues scaled. Client activity rebounded during the quarter, lifting order flow and top-line revenue, while the wealth management segment registered growth. Lending activity, however, declined sequentially, signaling some softness in that business line even as the core broking franchise strengthened. The 84% profit jump against a quarter associated with stock market stress is the key signal here: Angel One's revenue mix and cost structure allowed it to convert volume recovery into disproportionate earnings growth. Investors will watch whether the lending drag deepens in the June quarter and whether client acquisition momentum holds as retail participation in equity markets normalizes post the correction.
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.
