U.S. District Court Judge Troy Nunley of California's Eastern District issued a preliminary injunction Friday blocking Nexstar's acquisition of Tegna TV stations, siding with DirecTV in its lawsuit to halt the merger of the two broadcast groups. The 52-page ruling orders Nexstar to halt integration plans while the legal challenge proceeds. DirecTV, a major distributor of local broadcast signals, argued that permitting Nexstar to absorb Tegna's station portfolio would cause competitive harm sufficient to warrant court intervention before a full trial. The injunction does not resolve the underlying case but prevents Nexstar from advancing the transaction during litigation. For the broadcast industry, the ruling introduces material execution risk into one of the largest pending TV station consolidations, with implications for retransmission consent negotiations and local market concentration. Nexstar's ability to close the deal now depends on either overturning the injunction on appeal or prevailing at trial, making deal timeline and financing assumptions materially uncertain.
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.
