Nvidia has signed a 10-year lease for 7,60,000 sq ft of office space in Bengaluru, making it the chipmaker's single largest office setup anywhere and India's biggest office commitment to date. The deal pushes Nvidia's total India footprint to over 11.35 lakh sq ft spread across six cities. The scale of the lease signals that Nvidia is treating India as a core operational base, not just a satellite presence. Bengaluru, already home to a dense pool of semiconductor and AI engineers, is the natural anchor for that strategy. Nvidia has been riding surging global demand for AI infrastructure, and expanding engineering capacity in India is one way to scale without the cost pressures of adding headcount in the US or Europe. A 10-year term also locks in long-run cost certainty on real estate. Watch for further hiring announcements tied to this space and whether other major chip or AI firms respond with competing expansions in Bengaluru's office market.
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.
