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.
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.
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.
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.
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.