Trader Mohnish Kumar, who generated roughly $250 million trading Russian crude oil, is redirecting up to $60 million into Guyana's emerging oil sector. The pivot marks a significant capital reallocation from sanctions-adjacent commodity flows toward a frontier production basin that has attracted major Western operators in recent years. Guyana's offshore Stabroek block, operated by ExxonMobil alongside partners Hess and CNOOC, has transformed the country into one of the fastest-growing oil producers globally, making it a natural target for opportunistic capital. Kumar's move reflects a broader pattern among commodity traders seeking yield in high-growth upstream markets after windfall profits from Russian crude arbitrage narrowed as sanctions enforcement tightened and price-cap mechanisms matured. The scale of the commitment, up to $60 million, suggests a structured equity or project-finance stake rather than pure trading exposure. Guyana's regulatory environment and production trajectory will determine whether this capital finds the returns its backer expects.
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.
