Apple reported $57 billion in iPhone revenue for the March quarter of 2026, a 22 percent jump year over year, even as chip shortages constrained how many devices it could ship. Total company revenue hit $111.2 billion, which CEO Tim Cook called Apple's best March quarter ever. Cook told Reuters that iPhone demand was "off the charts" but acknowledged "a little less flexibility in the supply chain at the moment for getting more parts", meaning Apple likely left some sales on the table due to component constraints, not weak demand. The results land just over a week after Apple announced Cook will retire in September, with hardware engineering chief John Ternus set to take over. Investors will be watching whether Ternus can manage supply chain pressure while sustaining the iPhone's growth trajectory. Chip availability and the leadership transition are the two variables that matter most heading into the next quarter.
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.
