Zen Technologies received a government licence to manufacture anti-aircraft cannons, sending its shares sharply higher. The authorisation covers four calibres: 12.7mm, 23mm, 30mm, and 40mm weapons systems, placing the Indian defence technology firm in a segment of hardware production previously restricted to state-owned entities or select private players. The licence marks a direct expansion of Zen Tech's addressable market, moving the company beyond simulation and training systems into live weapons manufacturing. Investors will now watch for supply contracts with the Indian Army or Air Force, production timelines, and whether the licence triggers further institutional interest in the stock given India's broader push to indigenise defence procurement.
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.
