The Indian government is reviewing its plan to sell a stake in IDBI Bank after weak investor interest and market volatility stalled the process. A core group of secretaries is now working through revised valuations and timelines for the deal. Finance Minister Nirmala Sitharaman has confirmed the strategic sale will go ahead, signaling the government has not abandoned the plan despite the delays. IDBI Bank has been on the divestment list for years. The government and Life Insurance Corporation, which holds a significant stake, have been trying to find a buyer willing to meet their valuation expectations. Soft demand from investors and choppy markets have made that harder. The secretaries' review suggests the government may adjust either the price expectations or the sale structure to attract serious bidders. A revised timeline is expected to follow the deliberations. Watchers should track whether the government lowers its valuation floor or changes the deal terms to move this transaction forward.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
