The Supreme Court has declined to interfere with a Bombay High Court Division Bench ruling that lifted a stay on fraud proceedings against industrialist Anil Ambani. A bench headed by Chief Justice Surya Kant refused to intervene, allowing the Division Bench decision to stand. That Division Bench had set aside an earlier Single Judge order from December last year, which had stayed the fraud proceedings. The Supreme Court's non-intervention effectively clears the path for those proceedings to resume. The case centers on fraud allegations against Ambani, though the specific charges and investigating agency are not detailed in available information. The ruling is significant for creditors and investors tracking the legal exposure of the Anil Dhirubhai Ambani Group. The immediate consequence is that the stay on fraud proceedings is no longer in effect. How quickly proceedings advance, and before which forum, will be the next material development to monitor.
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.
