Tim Cook plans to step down as Apple's CEO in September, with hardware chief John Ternus set to take over. Cook's tenure built Apple into one of the most valuable companies in the world, driven by tight control over its hardware, software, and App Store ecosystem. Ternus inherits that foundation but faces a meaningfully harder operating environment. The App Store's 30% commission, a major profit engine, is under legal and regulatory pressure in multiple markets. Courts and regulators in the US and EU have already forced Apple to allow more payment flexibility, chipping away at a revenue stream that feeds directly into Apple's high-margin services segment. Apple's behind-the-scenes influence over app distribution and payments is shrinking. Investors will watch whether Ternus can protect services margins while managing an AI transition that Apple has moved through more slowly than rivals. Leadership continuity and product pipeline clarity will be the first signals markets look for after the handover.
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.
