Kingdom Holding Company, the investment vehicle of Saudi billionaire Prince Al Waleed bin Talal, is moving to acquire a majority stake in Al Hilal, the Saudi Professional League football club. The deal marks a significant foray by one of the Arab world's most prominent private investment houses into Saudi sports ownership, a sector drawing intensifying capital amid the kingdom's broader Vision 2030 entertainment and sports expansion. Al Hilal is one of the most decorated clubs in Asian football history, with a deep domestic fanbase and growing international profile. Kingdom Holding's entry as a majority owner would give the club access to a well-capitalized principal with diversified investment experience across real estate, media, and financial services. The transaction's financial terms, including deal size and timeline to close, have not been disclosed. Analysts will watch whether the acquisition triggers further consolidation in Saudi club ownership and how Kingdom Holding structures the deal given Al Hilal's existing commercial partnerships and the Saudi Pro League's evolving governance framework.
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.
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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.
