Wipro has announced a share buyback program worth Rs 15,000 crore, offering shares at a price that carries a 19% premium to the prevailing market rate. The move marks the company's first buyback in more than five years, signaling a deliberate return of capital to shareholders after an extended pause. Buybacks at a premium reduce shares outstanding, which mechanically lifts earnings per share and signals management confidence in the stock's intrinsic value relative to its traded price. For investors, the 19% premium creates an immediate arbitrage incentive to tender shares, while the scale of Rs 15,000 crore positions this as a material capital allocation event for an Indian IT major. The key variables to monitor include the buyback's acceptance ratio, the tender window timeline, and whether the announcement shifts near-term sentiment around Wipro's cash deployment strategy relative to peers such as Infosys and TCS.
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.
