Zerodha founder Nithin Kamath has quantified the cumulative cost advantage his firm's zero-delivery brokerage model delivered to customers: Rs 25,620 crore in saved brokerage fees between 2016 and 2025. The figure covers equity delivery trades, where Zerodha charges nothing, in contrast to traditional percentage-based brokerage structures that dominated the market before discount brokers scaled. Kamath attributed the pricing model's durability to Zerodha's bootstrapped ownership, arguing that the absence of external investors removed pressure to maximise revenue through aggressive monetisation, advertising, or cross-selling financial products. The logic is structural: a firm with no equity investors to satisfy can absorb foregone revenue that a VC-backed competitor would likely recapture through ancillary fees or product push. For the Indian retail brokerage sector, the figure serves as a competitive benchmark and a pointed contrast to platforms that layer distribution income on top of trading revenue. The number also lands as Zerodha's active user base and market share face pressure from newer, well-funded rivals. Whether the zero-delivery model holds as competitive intensity rises is the operative question.
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.
