L3Harris Technologies has secured a $465 million U.S. Army contract to develop a next-generation night-vision system, adding a significant defense award to its government revenue base. The contract underscores continued Army investment in soldier-worn sensing technology, an area that has attracted competition among major defense primes and specialist optics firms. Night-vision modernization sits within the broader Soldier Lethality cross-functional team priorities, where the Army has pushed to replace legacy image-intensification gear with fused thermal and digital systems that extend situational awareness in low-light environments. For L3Harris, the award strengthens its position in electro-optical and infrared sensing, a segment that competes directly with programs held by rivals including Elbit Systems of America and other ENVG-B ecosystem participants. Investors will watch for program execution milestones and any follow-on production options that could extend the contract's total value well beyond the initial $465 million ceiling. Margin profile on development-phase defense contracts typically trails production awards, so the revenue ramp timeline matters for near-term earnings modeling.
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.
