Reliance Industries has become the first Indian company to post an annual net profit above $10 billion, a threshold no other Indian firm has crossed. The oil-to-telecom-to-retail conglomerate's earnings now exceed the combined profits of India's largest IT companies, putting the scale of this result in sharp relief. Reliance operates across refining and petrochemicals, Jio telecom, and retail through Reliance Retail, three large businesses that together drive its earnings base. The $10 billion profit mark matters as a signal of where Indian corporate scale now sits globally, and it sets a new benchmark for what domestic conglomerates can generate. Watch for whether Reliance sustains this level as refining margins fluctuate and its consumer businesses face rising competition. Capital allocation decisions, debt repayment, new investments, or shareholder returns, will be the next thing to track.
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.
