Life Insurance Corporation of India shares rose 5% to ₹841.30 after its board approved a 1:1 bonus issue, extending a three-session winning streak and putting the stock up over 15% in April. The insurer proposes to issue 632.49 crore new equity shares, which would double the existing share count and bring paid-up capital to ₹12,649.99 crore. A 1:1 bonus issue allocates one additional share for every share held, effectively halving the per-share price while preserving each shareholder's proportional ownership and the company's total market capitalization. The move typically broadens retail participation by improving share affordability and can signal management confidence in earnings sustainability. Investors will now watch for the record date announcement, which determines eligibility, and whether the post-bonus price adjustment triggers incremental buying from retail and institutional holders tracking LIC's ongoing recovery.
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.
