Newsletter
IVF IPO, India ports play big, and Gen Z drives consumption.
🗓️ Morning, folks! ☀️
Markets had a rough Tuesday. Both the Sensex and Nifty closed about 1% lower, with IT stocks leading the slide and pulling the broader market deep into the red.
Textile stocks had a tough session, with Gokaldas Exports, Trident and Pearl Global Industries falling up to 6%.
The trigger: the Directorate General of Foreign Trade announced a 50% cut in the RoDTEP scheme, which refunds duties and taxes to exporters.
Basically, exporters will now get less money back, which raises costs across the value chain. Since yarn and fabric are key inputs for finished products, the impact could ripple through the entire textile industry.
💡 Spotlight: IT stocks take another hit 📉
The NIFTY IT index fell nearly 5%, dragging down Infosys, Wipro, HCL Technologies and Tata Consultancy Services.
What set this off? Anthropic, once again.
Its AI tool, Claude, can now help update COBOL, an old coding language that still runs many banks and large companies. Firms like IBM earn big money upgrading these legacy systems. After the news, IBM’s stock fell over 13%.
The worry is simple: if AI can handle this work, traditional IT revenues could shrink. That fear quickly spilled into Indian markets too.
We broke this down on video too — Watch here 🚀
Let’s hit it! 💪🏻
1 Big thing: What exactly is National Monetisation Pipeline 2.0? 🤔
The government has a new plan to raise a lot more money from the assets it already owns.
What’s happening: under National Monetisation Pipeline 2.0, it aims to generate ₹16.7 lakh crore between FY26 and FY30. That’s much higher than the earlier ₹10 lakh crore target.
In simple terms, the government plans to raise more money by leasing out public assets like highways, railways, airports and power projects. Ownership typically stays with the government, but private players get the right to operate and earn from these assets for a fixed period.
This time, the push is stronger. Across 12 sectors, highways and logistics parks are expected to bring in the biggest chunk, around ₹4.42 lakh crore, or 26% of the total target.
The government is also looking at raising money by selling small stakes in public sector companies.
For example, GAIL may move its city gas business into a separate company, GAIL Gas, and list it on the stock market around FY28. That IPO could raise about ₹3,100 crore.
Why it matters: it can lead to better highways, airports and logistics as private players invest in efficiency. It can create jobs and fund new infrastructure without adding too much government debt. But it may also mean higher tolls or user fees. In short, it affects services you use and the costs you pay.
2. India’s ports could get smarter & bigger 📦
Container Corporation of India, or CONCOR, has signed a deal with Vizhinjam International Seaport to build a Container Freight Station right next to the upcoming port in Kerala.
Container Freight Station is where cargo is packed, stored, cleared by customs and prepared before shipping.
Breaking it down: the facility will include warehouses, container yards, weigh bridges and customs-bonded areas to handle import and export cargo.
But this isn’t just about one building near one port. It’s part of a much bigger logistics story.
Indian ports have become more competitive over the past few years. Today, nine Indian ports rank among the top 100 globally, up from just three in 2020.
Government initiatives like Sagarmala and Maritime India Vision 2030 are pushing modernisation even further, while the Union Budget 2025 has added fresh incentives for shipbuilding.
3. LAT Aerospace makes its defence bet 💸
Deepinder Goyal-backed LAT Aerospace has made its first move into defence by acquiring robotics startup Sharang Shakti.
Founded in 2023, Sharang Shakti builds counter-drone systems. In simple terms, it creates tech that can detect, track and stop hostile drones using radar, autonomous interceptors and machine learning.
What’s brewing: by bringing Sharang Shakti in-house, LAT Aerospace wants to build these capabilities from the ground up and eventually use them across both defence and civilian aerospace programs.
Bottom line: this move comes at a time when India’s defence tech ecosystem is gaining serious momentum.
The sector has attracted about $711 million in total equity funding across 232 rounds. Annual funding has surged from just $5 million in 2016 to a peak of $247 million in 2025 so far.
4. Brands, meet your new boss 😎
Gen Z is not just scrolling and streaming. They’re becoming the engine of India’s consumer economy.
From fashion and beauty to travel, tech, food and OTT, Gen Z is driving nearly half the spending in several key categories.
They already control a significant share of discretionary purchases and are on track to command even greater influence by 2035, reshaping how brands build, market and sell.
5. Everything you need to know about the Gaudium IVF IPO 📈
If you’ve been tracking IPOs this year, you’ve probably seen the usual suspects, tech, renewables, manufacturing, fintech.
An IVF chain was not on that bingo card.
But Gaudium IVF’s ₹165 crore IPO forces you to look beyond the listing and into something bigger: demographics.
In 2003, Indian women had 3.1 children on average. Today, that number stands at 2. For a population to remain stable, it needs to be about 2.1. That gap may look small, but over time it reshapes societies.
Couples are marrying later. Careers are taking priority. Lifestyle and stress-related infertility is more common. Assisted reproduction is no longer niche, it is quietly becoming mainstream.
Globally, the IVF market is expected to grow from $27 billion to $54 billion over the next decade. India’s market, currently around $1 billion, could expand sharply as awareness and affordability improve.
Gaudium’s IPO sits right at the centre of this shift.
Because not every market opportunity is driven by breakthrough technology. Sometimes, it is simply a response to how society itself is evolving.
6. Stocks that kept us interested 🚀
1. L&T enters deep space infrastructure 🧑🚀
Larsen & Toubro said its Heavy Civil Infrastructure and Heavy Engineering arms have secured a ‘significant’ order from India’s Department of Atomic Energy to build the LIGO India Observatory.
What’s going on: L&T says the order is around the ₹1,000-2,500 crore range. It’s part of a global scientific network that studies gravitational waves, which are ripples in space created when giant cosmic objects like black holes collide.
In simple terms: LIGO lets scientists “hear” violent cosmic events that telescopes cannot see.
L&T will design and construct specialised vibration-free infrastructure, install an 8-km ultra-high vacuum beam tube, and integrate all key mechanical and support systems, with completion targeted in 48 months.
2. Big-ticket wins push KEC up 💪
KEC International rallied after announcing fresh orders worth ₹1,002 crore across multiple business segments.
The deets: under its Transmission & Distribution (T&D) segment, KEC International has secured:
- a composite order for 220/132 kV transmission lines, substations and EHV cabling in India.
- an additional order for a 400 kV transmission line in the international market.
- orders for supply of towers, hardware and poles in the Americas.
The company also won fresh orders to supply various types of cables and conductors in India and overseas markets.
What else are we snackin’ 🍿
💊 USFDA nod: Indoco Remedies shares rose after securing USFDA approval for its Brivaracetam oral solution, to be manufactured in Goa.
📈 Broking approval: One MobiKwik shares jumped 2% after its subsidiary received BSE approval to start stock broking operations.
🎬 Bid battle: Paramount Skydance has submitted a higher offer for Warner Bros. Discovery, challenging Netflix’s $27.75-a-share deal in a move that could reshape Hollywood.
🚆 Infra push: the Cabinet has approved a ₹12,236 crore package including new rail lines, Ahmedabad Metro Phase 2B extension, and a Srinagar terminal to boost connectivity.
That’s a wrap! Don’t let the weekday blues get to you.
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