Ongoing conflict in West Asia has cut inbound tourist arrivals to India by 15, 20%, generating an estimated Rs. 18,000 crore net loss for the tourism and hospitality sector, according to a PHDCCI report. The disruption operates through two channels: flight path restrictions that raise travel times and costs for visitors routing through West Asian hubs, and a broader risk-aversion effect that suppresses long-haul travel demand. India's inbound tourism depends heavily on Gulf-connected routes, making the sector disproportionately exposed compared to markets served by alternative corridor. The PHDCCI report pairs its damage assessment with a call for policy intervention, urging measures to diversify tourism source markets and expand the range of travel experiences on offer. For hospitality operators, the revenue shortfall compounds existing margin pressures from elevated operating costs. Investors and operators should track whether flight route normalization or bilateral air-service agreements emerge as near-term government responses, since either would materially shift the recovery timeline.
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.
