Reliance Industries posted a record net profit of Rs 95,610 crore in FY26, becoming the first Indian company to cross $10 billion in annual profit. The milestone puts RIL in a global league of highly profitable corporations and marks a new benchmark for Indian corporate earnings. The headline number came despite pressure from the oil-to-chemicals segment, which saw a quarterly dip. That business, one of RIL's oldest and largest, has faced margin stress as global refining spreads have been volatile and chemical demand has softened in key markets. The offset came from RIL's consumer arms. Jio, its telecom unit, continued to grow steadily, while Reliance Retail crossed 20,000 stores, a scale milestone that few retailers anywhere in the world have matched. Both businesses now carry significant weight in RIL's overall profit mix. Watch for how RIL allocates capital next: whether it doubles down on consumer growth, stabilises the chemicals segment, or accelerates new energy bets. The profit milestone gives it considerable financial firepower to move in any direction.
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.
