Amazon has agreed to acquire satellite operator Globalstar in a deal valued at more than $11 billion, a move that positions the e-commerce and cloud giant directly in the low-Earth orbit connectivity market. Globalstar is best known as the infrastructure provider behind Apple's emergency SOS satellite feature on iPhones, giving the acquisition immediate strategic context. The deal signals Amazon's intent to build a vertically integrated satellite network, likely in support of its Project Kuiper broadband initiative, rather than relying on third-party spectrum and ground infrastructure. For Apple, the transaction introduces a new dynamic: its satellite emergency service, currently dependent on Globalstar's network, would effectively run on infrastructure owned by one of its most direct competitors in devices, services, and cloud. Regulatory scrutiny is the most immediate variable to watch, given Amazon's scale and the competitive overlap with Apple. Spectrum rights and existing contractual arrangements between Globalstar and Apple will be central to any close or remediation outcome.
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.
