A fire broke out at the HPCL Rajasthan Refinery Limited (HRRL) facility in Rajasthan, one day before Prime Minister Narendra Modi was scheduled to inaugurate it. The incident occurred at a project valued at ₹79,459 crore, structured as a joint venture between Hindustan Petroleum Corporation Limited (HPCL) and the Government of Rajasthan. The timing is acutely sensitive: a pre-inauguration fire at a flagship state-backed infrastructure project raises immediate questions about operational readiness and commissioning protocols. HRRL represents one of India's larger downstream energy investments, and any delay to its formal launch would carry both political and commercial weight. The incident will likely prompt a review of safety clearances before the inauguration proceeds, with market attention on whether HPCL's project timeline and capital deployment schedule are affected. The status of the inauguration event and the extent of damage to refinery infrastructure are the two critical facts to watch as the situation develops.
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.
