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Company news, funding, corporate moves, startup ecosystem, personal finance

Flipkart Enters Food Delivery at 10-11% Commission

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 Hits Record 2 Lakh Units in July

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 FY26 Loss Doubles to ₹22,238 Crore

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-Unacademy Rs 1,955 Cr Deal Closing in Three Weeks

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.

Paytm Profit Jumps 79% to Rs 220 Cr in Q1 FY27

Paytm reported a 79% year-on-year jump in net profit to Rs 220 crore for Q1 FY27, with operating revenue up 27% to Rs 2,448 crore. The results confirm sustained profitability after the company returned to the black in FY26 following regulatory setbacks.

Aurum PropTech Buys Housing.com For ₹458 Crore

Aurum PropTech's board has approved a ₹458 crore all-stock acquisition of Housing.com from REA Group, issuing nearly 1.98 crore shares to REA at ₹231.42 each. The deal makes REA a 24.9% shareholder in Aurum and aims to combine Housing.com's 5.8 crore monthly visitors with Aurum's transaction and financing platform.

Swiggy Foreign Stake Falls Below 50% in IOCC Bid

Swiggy's foreign shareholding fell to 49.76% after foreign investors sold shares post its November 2024 IPO, crossing a key threshold in its bid to qualify as an Indian Owned and Controlled Company. IOCC status would let its quick commerce arm Instamart hold inventory directly, potentially improving margins.

Amazon India Probes Deadly Partner Warehouse Fire

Amazon India has launched an internal probe into a June 5 warehouse fire in Haldwani that killed two workers at partner M&M Logistics Solutions, which reportedly lacked fire alarms, smoke detectors, and emergency exits.

Zee Adds Bundesliga Rights After FIFA World Cup Deal

Zee Entertainment has acquired Bundesliga broadcast and streaming rights for India, days after closing a FIFA World Cup deal. The back-to-back moves position Zee as a year-round football content platform ahead of the 2026 World Cup cycle.

Nayara Cuts Petrol by Rs 5, Diesel by Rs 3

Nayara Energy has cut petrol prices by Rs 5 per litre and diesel by Rs 3 per litre at its 7,000-plus fuel stations across India, effective immediately. The move follows a fall in global crude oil prices and puts pressure on state-owned retailers to respond.

HDFC Bank Names Rajiv Kumar Non-Executive Chairman

HDFC Bank's board has approved Rajiv Kumar, former Chief Election Commissioner and financial services secretary, as its Part-time Non-Executive Chairman from June 30, 2026. His chairmanship still requires RBI approval, but the move ends the bank's prolonged search for a permanent board leader.

Indian Startups Raise $1.1 Bn Led by CRED

Indian startups raised $1.1 billion across 16 deals in the week of June 21-26, 2026, up 2.5 times from the prior week, with CRED's $900 million Series H led by Meta accounting for most of the total. Square Yards became India's 131st unicorn after closing a $95 million round.

Airlines pocket fuel savings, fares stay high

Jet fuel costs dropped sharply after a US-Iran interim peace deal, but airlines are expected to use the savings to rebuild margins rather than cut fares. Tight capacity, aircraft delivery delays, and weak budget carriers give major carriers unusual pricing power heading into the second half of 2026.

Meta Invests $900 Mn in CRED, Shah Exits CEO Role

Meta is investing $900 million in CRED at a $4.5 billion valuation, the largest Indian startup round of 2026, as founder Kunal Shah moves to a global leadership role at WhatsApp. Miten Sampat takes over as interim CEO, and a major employee stock buyback is expected within weeks.

Kunal Shah Leaves CRED to Lead WhatsApp

CRED founder Kunal Shah is stepping down as CEO to lead WhatsApp, as Meta anchors a $900 million Series H round valuing CRED at $4.5 billion. Meta takes a minority stake with no access to CRED's customer data, while Miten Sampat steps in as interim CEO.

Kunal Shah Leaves CRED to Lead WhatsApp at Meta

CRED founder Kunal Shah will lead WhatsApp globally at Meta, which is simultaneously investing $900 million in CRED for a 20% stake at a $4.5 billion valuation. Miten Sampat becomes CRED's interim CEO as the company operates its first profitable year with a fresh RBI payment aggregator licence.

Jio IPO Filing Flags Child Safety Rules as Revenue Risk

Jio Platforms flagged child social media restrictions as a revenue risk in its June 2026 IPO filing with SEBI, citing lower data consumption. The filing omits that telecom-routed age verification could also generate per-check fees for operators like Jio.

Adani Ports Wins 10-Year Argentina LNG Contract

Adani Ports has won a 10-year marine services contract for Argentina's first LNG export project, marking a significant step in its international expansion. The deal adds long-term revenue visibility and deepens the company's presence in high-value global energy infrastructure.

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Business

Restaurants in Bengaluru may pay far lower commissions by switching to Flipkart

Flipkart Enters Food Delivery at 10-11% Commission

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.

25d ago · 3 min · Business

Flipkart Enters Food Delivery at 10-11% Commission

Strong Maruti volumes may lift earnings expectations for Q2 FY27

Maruti Suzuki Hits Record 2 Lakh Units in July

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.

26d ago · 3 min · Business

Maruti Suzuki Hits Record 2 Lakh Units in July

Air India may continue posting large losses for several more years before breaking even

Air India FY26 Loss Doubles to ₹22,238 Crore

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.

1mo ago · 4 min · Business

Air India FY26 Loss Doubles to ₹22,238 Crore

Unacademy investors may receive upGrad board seats instead of a cash exit

UpGrad-Unacademy Rs 1,955 Cr Deal Closing in Three Weeks

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.

1mo ago · 3 min · Business

UpGrad-Unacademy Rs 1,955 Cr Deal Closing in Three Weeks

India's container costs are still double China's, making long-term competitiveness uncertain without subsidies

India enters container manufacturing with Maersk order

India unveiled its first export-grade shipping container built for an international carrier on July 3, 2026, with DCM Shriram Group supplying the box to Maersk at Dadri, Uttar Pradesh.

1mo ago · 5 min · Business

India enters container manufacturing with Maersk order

Paytm's profit nearly doubled year-on-year, signalling durable earnings recovery

Paytm Profit Jumps 79% to Rs 220 Cr in Q1 FY27

Paytm reported a 79% year-on-year jump in net profit to Rs 220 crore for Q1 FY27, with operating revenue up 27% to Rs 2,448 crore. The results confirm sustained profitability after the company returned to the black in FY26 following regulatory setbacks.

1mo ago · 3 min · Business

Paytm Profit Jumps 79% to Rs 220 Cr in Q1 FY27

Reliance dark store expansion could intensify quick commerce competition in Indian cities

Reliance Retail targets 2x EBITDA via JioMart, dark stores

Reliance Retail plans to expand JioMart and dark stores in FY27 with a market-by-market focus on unit economics. The company targets 2x Operating EBITDA by FY28 or FY29 through improved margins and stronger cash generation.

1mo ago · 3 min · Business

Reliance Retail targets 2x EBITDA via JioMart, dark stores

Housing.com revenue fell to ₹309.8 Cr in FY26 from ₹687.5 Cr, signaling a tough turnaround ahead

Aurum PropTech Buys Housing.com For ₹458 Crore

Aurum PropTech's board has approved a ₹458 crore all-stock acquisition of Housing.com from REA Group, issuing nearly 1.98 crore shares to REA at ₹231.42 each. The deal makes REA a 24.9% shareholder in Aurum and aims to combine Housing.com's 5.8 crore monthly visitors with Aurum's transaction and financing platform.

1mo ago · 4 min · Business

Aurum PropTech Buys Housing.com For ₹458 Crore

Swiggy may gain direct inventory control if IOCC status is formally approved

Swiggy Foreign Stake Falls Below 50% in IOCC Bid

Swiggy's foreign shareholding fell to 49.76% after foreign investors sold shares post its November 2024 IPO, crossing a key threshold in its bid to qualify as an Indian Owned and Controlled Company. IOCC status would let its quick commerce arm Instamart hold inventory directly, potentially improving margins.

1mo ago · 3 min · Business

Swiggy Foreign Stake Falls Below 50% in IOCC Bid

Warehouse workers at Amazon partner sites may face continued safety risks if audits remain weak

Amazon India Probes Deadly Partner Warehouse Fire

Amazon India has launched an internal probe into a June 5 warehouse fire in Haldwani that killed two workers at partner M&M Logistics Solutions, which reportedly lacked fire alarms, smoke detectors, and emergency exits.

1mo ago · 4 min · Business

Amazon India Probes Deadly Partner Warehouse Fire

Indian football fans may get Bundesliga and World Cup matches on one platform

Zee Adds Bundesliga Rights After FIFA World Cup Deal

Zee Entertainment has acquired Bundesliga broadcast and streaming rights for India, days after closing a FIFA World Cup deal. The back-to-back moves position Zee as a year-round football content platform ahead of the 2026 World Cup cycle.

1mo ago · 3 min · Business

Zee Adds Bundesliga Rights After FIFA World Cup Deal

Motorists at Nayara pumps could save Rs 200 on a 40-litre petrol fill

Nayara Cuts Petrol by Rs 5, Diesel by Rs 3

Nayara Energy has cut petrol prices by Rs 5 per litre and diesel by Rs 3 per litre at its 7,000-plus fuel stations across India, effective immediately. The move follows a fall in global crude oil prices and puts pressure on state-owned retailers to respond.

1mo ago · 3 min · Business

Nayara Cuts Petrol by Rs 5, Diesel by Rs 3

HDFC Bank's board governance gap may close once RBI clears the appointment

HDFC Bank Names Rajiv Kumar Non-Executive Chairman

HDFC Bank's board has approved Rajiv Kumar, former Chief Election Commissioner and financial services secretary, as its Part-time Non-Executive Chairman from June 30, 2026. His chairmanship still requires RBI approval, but the move ends the bank's prolonged search for a permanent board leader.

2mo ago · 3 min · Business

HDFC Bank Names Rajiv Kumar Non-Executive Chairman

CRED's $900M raise may boost late-stage fintech valuations across India

Indian Startups Raise $1.1 Bn Led by CRED

Indian startups raised $1.1 billion across 16 deals in the week of June 21-26, 2026, up 2.5 times from the prior week, with CRED's $900 million Series H led by Meta accounting for most of the total. Square Yards became India's 131st unicorn after closing a $95 million round.

2mo ago · 4 min · Business

Indian Startups Raise $1.1 Bn Led by CRED

Airfares may stay elevated even as jet fuel costs fall sharply in mid-2026

Airlines pocket fuel savings, fares stay high

Jet fuel costs dropped sharply after a US-Iran interim peace deal, but airlines are expected to use the savings to rebuild margins rather than cut fares. Tight capacity, aircraft delivery delays, and weak budget carriers give major carriers unusual pricing power heading into the second half of 2026.

2mo ago · 5 min · Business

Airlines pocket fuel savings, fares stay high

Hundreds of CRED employees may monetise stock holdings within weeks

Meta Invests $900 Mn in CRED, Shah Exits CEO Role

Meta is investing $900 million in CRED at a $4.5 billion valuation, the largest Indian startup round of 2026, as founder Kunal Shah moves to a global leadership role at WhatsApp. Miten Sampat takes over as interim CEO, and a major employee stock buyback is expected within weeks.

2mo ago · 4 min · Business

Meta Invests $900 Mn in CRED, Shah Exits CEO Role

Meta's minority stake in CRED could deepen WhatsApp Pay's push into Indian financial services

Kunal Shah Leaves CRED to Lead WhatsApp

CRED founder Kunal Shah is stepping down as CEO to lead WhatsApp, as Meta anchors a $900 million Series H round valuing CRED at $4.5 billion. Meta takes a minority stake with no access to CRED's customer data, while Miten Sampat steps in as interim CEO.

2mo ago · 3 min · Business

Kunal Shah Leaves CRED to Lead WhatsApp

Meta's $900M bet could push WhatsApp Pay to compete harder with PhonePe and Google Pay

Kunal Shah Leaves CRED to Lead WhatsApp at Meta

CRED founder Kunal Shah will lead WhatsApp globally at Meta, which is simultaneously investing $900 million in CRED for a 20% stake at a $4.5 billion valuation. Miten Sampat becomes CRED's interim CEO as the company operates its first profitable year with a fresh RBI payment aggregator licence.

2mo ago · 4 min · Business

Kunal Shah Leaves CRED to Lead WhatsApp at Meta

Jio's data revenue could fall if states ban social media for under-16s

Jio IPO Filing Flags Child Safety Rules as Revenue Risk

Jio Platforms flagged child social media restrictions as a revenue risk in its June 2026 IPO filing with SEBI, citing lower data consumption. The filing omits that telecom-routed age verification could also generate per-check fees for operators like Jio.

2mo ago · 4 min · Business

Jio IPO Filing Flags Child Safety Rules as Revenue Risk

Adani Ports could gain steady international revenue for at least a decade from this contract

Adani Ports Wins 10-Year Argentina LNG Contract

Adani Ports has won a 10-year marine services contract for Argentina's first LNG export project, marking a significant step in its international expansion. The deal adds long-term revenue visibility and deepens the company's presence in high-value global energy infrastructure.

2mo ago · 3 min · Business

Adani Ports Wins 10-Year Argentina LNG Contract