Rail Vikas Nigam Limited has emerged as the lowest bidder for a Rs 968-crore project awarded by East Coast Railway, putting the stock in focus among infrastructure investors. The contract covers construction of key bridges over three rivers, Birupra, Mahanadi, and Kathjori, significant crossings in the eastern corridor that form critical links in India's rail network expansion. Orders of this scale directly add to RVNL's executable order book, a metric closely tracked by analysts to gauge near-term revenue visibility and margin trajectory for the state-owned rail infrastructure firm. Investors will watch for formal order confirmation and RVNL's updated order book disclosure, as the company's stock performance has historically been sensitive to large contract wins given its government-backed project pipeline and revenue recognition tied to construction milestones.
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.
