Jio Financial Services posted a consolidated net profit of ₹272 crore for Q4 FY26, a 14% year-on-year decline from ₹316 crore, even as revenue roughly doubled to ₹1,018.51 crore from ₹493.24 crore in the prior quarter. The board declared a dividend of ₹0.60 per share alongside the results. The divergence between surging revenue and contracting profit signals margin compression or elevated cost growth outpacing top-line gains, a pattern worth monitoring as the company scales across its financial services verticals. Investors will want to scrutinize whether rising operating expenses, credit costs, or investment in new business lines are driving the profit gap, and whether the revenue acceleration is sustainable across lending, insurance, and asset management segments. Near-term focus shifts to management commentary on cost trajectory and any guidance on profitability recovery as the company deepens its financial services buildout within the Reliance ecosystem.
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.
