The National Company Law Tribunal has approved the merger of Nirmal Lifestyle Realty into Oberoi Realty, clearing the final regulatory hurdle for an intra-group consolidation. Nirmal Lifestyle Realty will be dissolved without winding up, a mechanism that avoids liquidation proceedings and transfers assets and liabilities directly into the surviving entity. The amalgamation is structured to streamline Oberoi Realty's group architecture, reducing legal entities and the administrative overhead that comes with operating parallel corporate structures. The practical effect is consolidated balance sheet management and unified operational oversight, which can lower compliance costs and sharpen capital allocation. Investors tracking Oberoi Realty should watch for any post-merger disclosures on asset reclassification, intercompany eliminations, or revised project pipelines that may follow the structural cleanup.
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.
