Apple posted record sales as CEO Tim Cook stepped down, but the company flagged a looming supply crunch that could weigh on future results. Cook warned that a shortage of chips, referred to internally as RAMaggedon, is creating supply chain headwinds for the business. The timing is notable: record revenue and a leadership transition are happening just as a key component constraint emerges. RAMaggedon refers to a tightening in RAM chip supply, which is critical to nearly every Apple product line including iPhones, Macs, and iPads. A shortage of this component could limit how many devices Apple can build and ship, directly pressuring revenue and margins in coming quarters. Investors and analysts will be watching whether Apple's new leadership can navigate the supply crunch while sustaining the sales momentum Cook leaves behind. The severity and duration of the shortage, and how Apple manages supplier relationships through the transition, are the key variables to track.
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.
