Reliance’s Q3 FY26 earnings show it is abandoning the ultra‑fast 10‑minute delivery model, instead using its massive store network and selective dark stores to build a nationally‑scaled quick‑commerce platform. The company accepted margin pressure to gain reach and inventory depth, hinting at a broader industry shift away from speed‑first promises.
Ola Electric’s statutory auditor BSR & Co. issued a qualified conclusion, saying the company could not justify reversing a ₹57 crore provision for potential penalties under the government’s battery‑cell PLI scheme without a formal waiver. The reversal slashed the Q1 FY27 loss to ₹3,360 crore, but the audit note has spooked investors and may trigger regulatory review.
Luxury houses are deploying private investigators who pose as regular buyers in markets such as Delhi’s Palika Bazaar, buying fake goods to gather evidence. The data lets brands decide on legal action and tighten anti‑counterfeit strategies across India’s $6‑8 billion luxury market.
Vodafone Idea's June quarter saw a net addition of 0.3 million customers, the first since its 2018 merger, while revenue rose 6% YoY to Rs 11,689 cr. The loss narrowed to Rs 3,754 cr, a 43% improvement, underscoring the FY27 execution plan and easing debt‑reduction pressures.
Techno Defence Pvt Ltd has built a 10‑gram Joule‑Thomson cooler that cryogenically cools missile IR seekers to, 196 °C, a capability previously held only by the US, France and Israel. Funded by DRDO’s Technology Development Fund, the lean device lets Indian missiles cut thermal noise and opens a high‑value export market under strict MTCR controls.
Media rights fell from ₹275 cr to ₹8.6 cr for 2025‑26, with FanCode taking over after JioStar's exit. The drop follows Tata Steel’s withdrawal and broader club exits, prompting sports ministry intervention and raising doubts about investment and the league’s stability.
Deputy prime minister Marat Khusnullin said Russia will study a rail line through Turkmenistan, Iran and Afghanistan that reaches the Indian Ocean, sidestepping the Bosphorus and Strait of Hormuz. The move dovetails with booming Russia‑India energy trade and under‑used corridors like the INSTC and Chabahar port, giving Moscow a land‑based export lifeline.
India's solar component capacity leapt from under 10 GW in 2018 to ~172 GW by 2026, prompting viral Chinese social‑media posts dubbing it “China’s Stalingrad for photovoltaics.” The backlash highlights Beijing’s growing anxiety over losing dominance in the global solar supply chain.
Facing volatile bond markets sparked by the West Asia crisis, major Indian lenders have requested RBI clearance to spread their mark‑to‑market losses over the next three quarters instead of taking a hit now. If approved, the move could soften quarter‑end earnings pressure and affect capital adequacy calculations.
In July India bought 5.5 billion euros of Russian crude, a 2.1% rise from June and a record 2.8 million bpd, making up 55.5% of its total crude imports. The jump came from smaller terminals, not the big Jamnagar‑Paradip hubs, underscoring how Delhi’s reliance on discounted Russian oil is cementing despite Western sanctions.
You’re caught up.
That was all 10 stories in the 11 August issue.