NiSource has signed a long-term power purchase agreement with Alphabet and expanded an existing agreement with Amazon, positioning the utility as a preferred infrastructure partner for hyperscale data center operators. The deals reflect accelerating demand from major technology companies for dedicated, long-duration power supply commitments as AI-driven compute buildouts strain regional grid capacity. NiSource, which serves customers across six states in the Midwest and Mid-Atlantic, gains contracted revenue visibility that supports capital deployment planning and rate base growth. For Alphabet and Amazon, locking in utility-scale power under long-term contracts reduces exposure to spot energy price volatility and secures capacity ahead of projected demand curves. Investors will watch for NiSource's disclosure of contract terms, capacity volumes, and how the deals factor into forward earnings guidance, as sustained hyperscaler demand has become a meaningful re-rating catalyst for regulated and semi-regulated utilities with viable interconnection pipelines.
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.
