Tesla's energy storage business is being positioned to offset deteriorating margins in its automotive segment as vehicle profitability declines and regulatory credit revenue fades. The company's energy generation and storage division, which includes utility-scale Megapack batteries and residential Powerwall units, has emerged as a higher-growth contributor to overall revenue as car sales face pricing pressure and EV competition intensifies. Automotive gross margins have been compressed by a sustained price-cutting strategy Tesla deployed to defend volume share, while regulatory credit sales, long a margin-accretive line item with no associated production cost, are expected to diminish as legacy automakers build out their own EV fleets and reduce their compliance purchases. The energy division carries different margin dynamics and is not subject to the same competitive pricing cycle as vehicles. Investors and analysts will be watching whether energy storage deployment scales fast enough to materially buffer consolidated margins, and whether Megapack order flow holds as grid-scale battery demand grows across utility and industrial buyers.
HDFC Bank's board has approved Rajiv Kumar, former Chief Election Commissioner and financial services secretary, as its Part-time Non-Executive Chairman from June 30, 2026. His chairmanship still requires RBI approval, but the move ends the bank's prolonged search for a permanent board leader.
Indian startups raised $1.1 billion across 16 deals in the week of June 21-26, 2026, up 2.5 times from the prior week, with CRED's $900 million Series H led by Meta accounting for most of the total. Square Yards became India's 131st unicorn after closing a $95 million round.
Jet fuel costs dropped sharply after a US-Iran interim peace deal, but airlines are expected to use the savings to rebuild margins rather than cut fares. Tight capacity, aircraft delivery delays, and weak budget carriers give major carriers unusual pricing power heading into the second half of 2026.
Meta is investing $900 million in CRED at a $4.5 billion valuation, the largest Indian startup round of 2026, as founder Kunal Shah moves to a global leadership role at WhatsApp. Miten Sampat takes over as interim CEO, and a major employee stock buyback is expected within weeks.
