Rajiv Bajaj will exit the Bajaj Finance board after the company's annual general meeting on July 30, 2026. He will not seek re-election, ending his tenure as a non-executive director at one of India's largest consumer lending companies. Bajaj has had a long association with the Bajaj Finance board, though the company has not disclosed the exact duration of his tenure or his reasons for stepping down. The board acknowledged his contributions without elaborating on succession plans. As a non-executive director, Bajaj did not hold an operational role, so day-to-day management is unlikely to be disrupted. However, board composition at major financial institutions matters to investors, regulators, and governance watchers, particularly at a company of Bajaj Finance's scale and market standing. The transition becomes effective after the July 2026 AGM. Investors will watch whether Bajaj Finance nominates a replacement and how the new board composition shapes its governance profile ahead of any strategic decisions.
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.
