Apple’s FY26 Snapshot, Flipkart’s Foodtech Foray & More

Apple India's FY26 performance indicates strong growth, with a 66% increase in net profit to ₹5,311 Cr and a 31.4% rise in operating revenue to ₹1.04 Lakh Cr. While services like AppleCare added to the revenue, component shortages may impact supply. Meanwhile, food delivery service Flipkart's Eat-in by Minutes is set to launch to the public by October-end, with plans to expand to six cities by 2026.

The initiative is set to compete with Zomato and Swiggy. Over in the satellite communication sector, the Indian government is developing a hardware device to monitor traffic from Starlink and other overseas satellite operators to tackle risks associated with foreign satellite operators. Lastly, Burma Burma, a restaurant chain, filed a DRHP with SEBI for an IPO, with a proposed share issue of up to ₹150 Cr and an OFS component of up to 2.79 Cr shares.