A federal jury in New York City found Live Nation an illegal monopoly, delivering a verdict in a case brought by California and dozens of other states after a five-week trial. The ruling targets the Michael Rapino-led corporation, which controls live event promotion alongside Ticketmaster, its ticketing subsidiary. California's Attorney General called the outcome a historic and resounding victory for artists and fans. The verdict opens multiple consequential fronts. Calls to force a Ticketmaster divestiture are now amplified, and Live Nation faces an appeals process that could extend the legal battle for years. The ruling does not instantly restructure the company, but it establishes liability that courts and regulators can act on. Investors, artists, and venue operators will watch whether remedies translate into a mandated breakup, behavioral restrictions, or negotiated settlements. The live entertainment sector, where Live Nation's vertical integration spans promotion, venues, and ticketing, now faces the clearest legal threat to that structure in its history.
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.
