Indian oil marketing companies are heading into FY2027 facing a sharp rise in LPG under-recoveries, which could hit Rs 80,000 crore, according to a new ICRA estimate. Under-recoveries occur when companies sell fuel below cost and are not fully compensated, squeezing their finances directly. The pressure stems from supply disruptions in West Asia pushing global LPG prices higher. When import costs rise but domestic selling prices stay controlled, the gap widens fast. This dynamic has worsened across multiple energy and chemical inputs, not just LPG. Fertiliser producers are also caught in the crossfire, as rising feedstock costs will require a larger government subsidy outlay to keep farm-gate prices stable. Chemical and gas sectors are seeing margin compression from the same cost inflation. For FY2027, the key watch points are how much of the under-recovery burden the government absorbs through subsidies, whether retail LPG prices are revised upward, and whether West Asia supply conditions ease. Any delay in subsidy disbursement could stress oil company cash flows and raise their borrowing needs.
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.
