Meta posted revenue of $56.3 billion in Q1 2026, up 33% year-on-year, with net profit reaching $26.8 billion. The results cover Facebook, Instagram, and WhatsApp, all under the Meta umbrella. The company is performing at a high level financially even as it prepares for a significant round of layoffs. Meta has been channeling large sums into artificial intelligence projects, and the layoffs appear tied to an effort to streamline operations alongside that spending push. Cutting headcount while profits are rising is a familiar playbook in big tech, it reduces the fixed cost base and frees up capital for infrastructure and AI investment. The tension between record profits and job cuts will draw scrutiny. Investors will want to see whether AI spending translates into revenue growth in coming quarters, while the layoffs signal that Meta is restructuring its workforce rather than simply trimming underperformers. Watch for details on the scale of cuts and which divisions are affected.
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.
