Jane Street has signed a $6 billion AI cloud computing contract with CoreWeave and increased its equity stake in the GPU infrastructure provider, marking one of the largest known commitments by a financial firm to dedicated AI compute capacity. The deal signals a deliberate, long-term bet by one of the world's most sophisticated quantitative trading firms on proprietary AI infrastructure as a competitive asset. Jane Street's existing position in CoreWeave, now expanded, gives it both a supply relationship and a financial interest in the provider's growth, aligning cost exposure with upside. CoreWeave, which went public earlier this year and has been aggressively signing long-term contracts with hyperscaler-scale clients, adds a marquee financial-sector anchor tenant to its customer base. For markets, the deal reinforces the thesis that AI infrastructure spend is broadening beyond tech giants into finance, creating durable revenue visibility for specialized GPU cloud providers. Watch whether other quantitative and systematic funds follow with comparable infrastructure commitments, and whether Jane Street's dual role as customer and investor draws regulatory scrutiny.
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.
