Apple has appointed John Ternus as its new CEO, replacing Tim Cook, according to the announcement. Ternus, currently Apple's Senior Vice President of Hardware Engineering, has been with the company for over two decades and has overseen the development of major product lines including iPhone, Mac, and iPad hardware. The leadership change marks the first CEO transition at Apple since Tim Cook took over from Steve Jobs in 2011. Cook's tenure saw Apple grow into the world's most valuable public company, with a market cap that repeatedly crossed $3 trillion. Ternus is a hardware-focused executive stepping into a role that will require him to navigate Apple's ongoing push into services, its AI strategy, and its complex supply chain diversification away from China. Investors will watch closely for any shift in capital allocation, product roadmap priorities, or management restructuring under the new leadership. Apple has not yet confirmed details about Tim Cook's departure terms or whether Ternus will make changes to the existing executive team.
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.
