An initial investigation into the June boiler explosion at Vedanta's power plant in Chhattisgarh's Sakti district found that excessive fuel accumulation inside the furnace triggered a pressure surge, causing the blast that killed 20 workers. Authorities have filed an FIR against Vedanta and its unnamed contractor, citing negligence in maintenance and operational standards. The dual-target FIR is significant: it extends criminal liability beyond the asset owner to the contracted operator, a pattern that increases legal exposure for industrial contractors across India's energy and heavy-industry sectors. For Vedanta, already navigating a complex multi-jurisdiction operating environment, the case adds regulatory and reputational risk to a facility-level safety failure. The investigation remains in early stages, and findings on whether systemic maintenance lapses or a discrete procedural failure caused the fuel buildup will shape both the criminal proceedings and any parallel regulatory action by industrial safety authorities. The contractor's identity and the plant's operational oversight structure will be central to how liability is ultimately apportioned.
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.