Apple reported $111.2 billion in revenue for the March quarter, up 17% year-on-year, beating the top of its own guidance range. Net profit rose 19.4% to $29.6 billion. CEO Tim Cook said Apple grew double digits in every geographic segment, with India singled out as a standout market showing strong double-digit growth across nearly all product categories. The iPhone drove the quarter, generating $57 billion in revenue, up 21.7% year-on-year, powered by demand for the iPhone 17 family. Cook noted the lineup is the most popular in Apple's history through its launch period. Supply was tight, primarily on iPhone and Mac, due to limited availability of the advanced chips used in Apple's devices. Services hit an all-time record at $31 billion, up 16%, and now accounts for more than a quarter of total revenue. On India, Cook said Apple still holds a modest market share despite strong growth, pointing to significant room to expand. More than half of customers buying Apple products in India are new to those categories, which Cook said bodes well for building a larger installed base. Apple's global active device base has crossed 2.5 billion. For the June quarter, Apple guides 14% to 17% revenue growth. Tim Cook will transition to executive chairman later this year, with John Ternus taking over as CEO. Apple's Worldwide Developers Conference is set for June, where AI and software updates are expected.
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.
