Life Insurance Corporation of India's board has approved a 1-for-1 bonus issue, entitling shareholders to one additional share for every share held. The issue involves creating over 632 crore new shares, with a total value of approximately ₹6,325 crore, funded through the capitalisation of reserves and surplus recorded as of December 31, 2025. Bonus issues of this scale redistribute accumulated reserves into equity capital rather than deploying cash, leaving LIC's operating liquidity intact while doubling the share count in circulation. The immediate mechanical effect is a halving of the share price on ex-bonus date as the same enterprise value is spread across twice the shares, though existing shareholders see no dilution of their proportional ownership. For retail investors, a politically significant cohort given LIC's mass policyholder base and the government's majority stake, the move improves share affordability and secondary market liquidity. Investors should watch for the record date announcement and any revised earnings-per-share trajectory, as the expanded share count will compress per-share metrics going forward.
Flipkart will launch a food delivery pilot in Bengaluru by mid-August, charging restaurants a 10-11% commission compared to the 25-35% levied by Swiggy and Zomato. The move targets growing restaurant discontent with incumbent platforms and aims to drive daily engagement across Flipkart's 500 million registered users.
Maruti Suzuki crossed two lakh domestic units in July 2026 for the first time, recording 42.4% year-on-year growth. Total sales including exports and OEM supplies reached 2,41,421 units, with all passenger vehicle segments posting gains.
Air India's net loss more than doubled to ₹22,238 crore in FY26, prompting Tata Sons chairman N Chandrasekaran to extend the Vihaan.AI turnaround timeline from five years to as long as a decade.
UpGrad's all-stock acquisition of Unacademy, valued at Rs 1,955 crore, is set to close within three weeks after CCI clearance and near-complete investor sign-offs. The deal combines upGrad's upskilling business with Unacademy's test prep and medical education platforms, with Gaurav Munjal staying on as CEO.
