•Aakash's revenue from operations stayed flat at Rs 2,041 crore in FY26, compared to Rs 2,032 crore in FY25.
•The company's EBITDA plunged 65% to Rs 15.3 crore in FY26, dragging its EBITDA margin to 0.75%.
•Revenue from franchisee network rose 3.7% to Rs 84 crore in FY26, while employee benefit expenses declined 2.4% to Rs 1,300 crore.
•Aakash reported a net loss of Rs 186.5 crore for FY26, with losses before tax and exceptional items narrowing by 17% year-on-year.
•Subhash Chandra's Essel Group has repaid approximately Rs 43,000 crore of its Rs 45,000 crore total debt.
•Chandra urges an independent audit to review the group's borrowings, defaults, and repayments, citing asset-liability issues.
•He claims the group sold family and personal assets to meet obligations, with around Rs 2,000 crore remaining stalled due to asset-liability issues.
•Chandra plans to rebuild his career by investing family money in startups with Swiss investment professionals.
•Tata Chemicals North America acquired US soda ash contracts worth over 500,000 tonnes from Searles Valley Minerals Inc.
•The contracts, valued at over $110 million, will run from September 2026 to December 2028.
•Tata Chemicals North America paid $21.16 million for the contracts, approved by the US Bankruptcy Court for the District of Delaware.
•The acquisition strengthens Tata Chemicals' presence in the North American soda ash market.
•Jindal Stainless is increasing its annual coin blank capacity by 20% to 12,000 tonnes to meet growing demand.
•The company supplies unstamped coins to 9 international mints, including India's, with customized production according to exact specifications.
•Jindal Stainless dominates the global razor blade market with a 60-70% share, producing 19,500 tonnes annually.
•The company's Hisar facility operates a zero liquid discharge system and aims to increase green energy usage to 80% this year.
•Ola Electric Mobility secured ₹95.8 crore under the government's PLI scheme for automobiles and auto components.
•The incentive will be released through IFCI, the central nodal agency, providing a cash-flow boost to the electric two-wheeler maker.
•Ola expects the PLI incentive to provide additional liquidity without requiring fresh equity or debt.
•The company aims to reduce its cash burn and steady-state operating cost base to around ₹300 crore a quarter.
Tim Cook steps down as Apple CEO on August 31, succeeded by John Ternus on September 1.
Cook leaves behind a $5-trillion Apple with nearly quadrupled revenue and services worth over $100 billion annually.
Apple enters its next era playing catch-up in artificial intelligence, facing regulatory challenges and a search for its next transformative product.
Ternus inherits a company with a changing leadership, regulatory scrutiny, and supply-chain vulnerabilities.
Union Bank, Canara Bank, and LIC Housing Finance will challenge NCLT's approval of Subhash Chandra's repayment plan.
Lenders had initially opposed the plan, but it was approved with 80.81% of voting share from other creditors.
Union Bank, Canara Bank, and LIC Housing Finance will appeal the decision in NCLAT.
•Vodafone Idea (Vi) added 240,114 customers in July, its fourth straight month of net gains.
•Vi's subscriber base now stands at 199.06 million, just shy of 200 million.
•The carrier has gained customers for six consecutive months since February.
•Vi's customer additions reversed a long slump that saw over 3.6 million lost customers in the previous six months.
•The power ministry allows RE projects to store curtailed power in battery systems.
•The stored electricity can be sold to any entity through power exchanges or other arrangements.
•No NOC is required from procurers under existing power sale agreements.
•This move aims to ensure optimum utilisation of renewable energy generation.
•The government has eased EMF limits for 5G towers, doubling the permitted power density to 10 watts per square meter.
•The move aims to improve coverage and reduce network expansion costs by allowing signals to travel longer distances.
•India's new limit aligns with global standards, matching those of 137 countries, including EU nations and Japan.
•Telecom operators like Vodafone Idea, Bharti Airtel, and Reliance Jio are expected to benefit from lower costs and more efficient use of existing sites.
Bite-sized news, sorted by newest first
•Aakash's revenue from operations stayed flat at Rs 2,041 crore in FY26, compared to Rs 2,032 crore in FY25.
•The company's EBITDA plunged 65% to Rs 15.3 crore in FY26, dragging its EBITDA margin to 0.75%.
•Revenue from franchisee network rose 3.7% to Rs 84 crore in FY26, while employee benefit expenses declined 2.4% to Rs 1,300 crore.
•Aakash reported a net loss of Rs 186.5 crore for FY26, with losses before tax and exceptional items narrowing by 17% year-on-year.
•Subhash Chandra's Essel Group has repaid approximately Rs 43,000 crore of its Rs 45,000 crore total debt.
•Chandra urges an independent audit to review the group's borrowings, defaults, and repayments, citing asset-liability issues.
•He claims the group sold family and personal assets to meet obligations, with around Rs 2,000 crore remaining stalled due to asset-liability issues.
•Chandra plans to rebuild his career by investing family money in startups with Swiss investment professionals.
•Tata Chemicals North America acquired US soda ash contracts worth over 500,000 tonnes from Searles Valley Minerals Inc.
•The contracts, valued at over $110 million, will run from September 2026 to December 2028.
•Tata Chemicals North America paid $21.16 million for the contracts, approved by the US Bankruptcy Court for the District of Delaware.
•The acquisition strengthens Tata Chemicals' presence in the North American soda ash market.
•Jindal Stainless is increasing its annual coin blank capacity by 20% to 12,000 tonnes to meet growing demand.
•The company supplies unstamped coins to 9 international mints, including India's, with customized production according to exact specifications.
•Jindal Stainless dominates the global razor blade market with a 60-70% share, producing 19,500 tonnes annually.
•The company's Hisar facility operates a zero liquid discharge system and aims to increase green energy usage to 80% this year.
•Ola Electric Mobility secured ₹95.8 crore under the government's PLI scheme for automobiles and auto components.
•The incentive will be released through IFCI, the central nodal agency, providing a cash-flow boost to the electric two-wheeler maker.
•Ola expects the PLI incentive to provide additional liquidity without requiring fresh equity or debt.
•The company aims to reduce its cash burn and steady-state operating cost base to around ₹300 crore a quarter.
Tim Cook steps down as Apple CEO on August 31, succeeded by John Ternus on September 1.
Cook leaves behind a $5-trillion Apple with nearly quadrupled revenue and services worth over $100 billion annually.
Apple enters its next era playing catch-up in artificial intelligence, facing regulatory challenges and a search for its next transformative product.
Ternus inherits a company with a changing leadership, regulatory scrutiny, and supply-chain vulnerabilities.
Union Bank, Canara Bank, and LIC Housing Finance will challenge NCLT's approval of Subhash Chandra's repayment plan.
Lenders had initially opposed the plan, but it was approved with 80.81% of voting share from other creditors.
Union Bank, Canara Bank, and LIC Housing Finance will appeal the decision in NCLAT.
•Vodafone Idea (Vi) added 240,114 customers in July, its fourth straight month of net gains.
•Vi's subscriber base now stands at 199.06 million, just shy of 200 million.
•The carrier has gained customers for six consecutive months since February.
•Vi's customer additions reversed a long slump that saw over 3.6 million lost customers in the previous six months.
•The power ministry allows RE projects to store curtailed power in battery systems.
•The stored electricity can be sold to any entity through power exchanges or other arrangements.
•No NOC is required from procurers under existing power sale agreements.
•This move aims to ensure optimum utilisation of renewable energy generation.
•The government has eased EMF limits for 5G towers, doubling the permitted power density to 10 watts per square meter.
•The move aims to improve coverage and reduce network expansion costs by allowing signals to travel longer distances.
•India's new limit aligns with global standards, matching those of 137 countries, including EU nations and Japan.
•Telecom operators like Vodafone Idea, Bharti Airtel, and Reliance Jio are expected to benefit from lower costs and more efficient use of existing sites.
