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Reddit said on Thursday that choppy search traffic slowed U.S. user growth in the second quarter, sending shares down 12%. CEO Steve Huffman said, "Search referrals were choppy in the quarter, but the bigger picture is unchanged." Despite this, revenue rose 61% as the company added many new advertisers.
India’s billionaire-owned family offices are increasingly offering profit-sharing to attract top investment talent. Firms like those of Azim Premji and Harsh Mariwala now use carried interest to compete for managers. Tayyab Mohamed of Agreus said, “All family offices should consider implementing a long-term incentive plan to better retain key talent.”
Nifty 50 companies now contribute only 51% of aggregate profits, down from 87% in FY18. Earnings growth accelerated across the broader Indian corporate universe, showing that wealth creation is moving beyond the biggest firms. Financials became the largest profit contributor, as smaller companies delivered faster profit growth than the top 50.
Businesses are now focusing on improving AI customer service performance rather than just adopting new tools. A July 31 report by Upfirst analysed 450,702 calls. Alfredo Salkeld said, "Disclosing it's an AI is associated with about 20 per cent lower hang-ups." Companies now use better workflows to boost engagement.
Indian robotics startups raised $63.2 million across 15 funding rounds in 2026, marking a 136.7% increase from last year. Neha Singh of Tracxn said, "The Indian robotics ecosystem is demonstrating signs of capital rebound in 2026." Investors now back these firms, drawn by deep engineering talent and new manufacturing policies.
Three hotel associations urged the Maharashtra Food and Drug Administration to follow due process during food safety inspections on July 31, 2026. They said, "Many hospitality establishments have been built over decades through sustained investment, compliance and consumer trust." They want prior notices issued before the FDA takes any strict action.
The Tata Steel board approved a ₹33,873 crore investment to expand Neelachal Ispat Nigam Ltd capacity to 6.2 million tonnes. CEO T.V. Narendran said the expansion "is central to our strategy of deepening our presence in high-margin and branded long products." This move helps boost the company's manufacturing footprint in India.
The government on Thursday said E20 fuel offers cleaner combustion and smoother engine performance. Union Minister Nitin Gadkari admitted a 2-6% reduction in fuel efficiency in certain E10-designed vehicles. He said, "The same is influenced by several factors, including driving conditions, driving habits and vehicle maintenance," while defending the programme.
Nandini Piramal said companies must remain agile to manage costs amid global uncertainty. Piramal Pharma Ltd posted a 17 per cent revenue growth to ₹2,270 crore for the first quarter ended June 2026. The firm saw increased demand in its CDMO business as it worked to improve overall operational efficiency.
The Centre on Thursday issued a detailed clarification on the Ethanol Blended Petrol programme. Officials said no verified evidence links E20 fuel to engine damage. Vehicles made before 2023 can use it safely, and mileage reduction stays limited to three to five percent. Many companies now support this fuel rollout.
India’s 3,040 richest individuals now hold Rs 104 lakh crore in wealth, equal to 30% of the country’s nominal GDP. The 360 ONE Wealth Creators List 2026 showed that while old families lead, more women and young founders are joining. Still, the top 10 individuals hold 19% of this wealth.
Tata Steel reported a 19 per cent rise in net profit to ₹2,385 crore for the June quarter. Revenue grew 14 per cent to ₹60,794 crore as sales volume increased. CEO TV Narendran said the global operating environment remained complex, with West Asia developments impacting supply chains and input costs.