The BBC plans to cut nearly 10% of its workforce as interim director-general Rhodri Talfan Davies told staff that the gap between costs and income is widening. The announcement frames the reductions as a direct response to structural financial pressure rather than a one-off budget shortfall. No specific headcount figure was cited in the communication, but a roughly one-in-ten ratio signals a substantial reorganization for one of the world's largest public broadcasters. The BBC's funding model, anchored to the UK licence fee, limits its ability to grow revenue at pace with rising operational costs, creating a structural mismatch that periodic cost-cutting has repeatedly failed to resolve. The cuts will reduce payroll drag in the near term but risk hollowing out production capacity and institutional expertise. Observers should watch whether the reductions fall disproportionately on journalism, digital, or back-office functions, as that will determine the long-term programming and competitive impact relative to commercial streaming rivals.
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.