Newsletter
NVIDIA bets on Intel, Dixon acquires Qtech, and Dixon enters camera biz.
š Morning, folks!
Markets closed Thursday with modest gains, hitting its highest levels since early July, powered by a rally in IT and pharma stocks.
Pharma stole the spotlight, with most stocks closing firmly in the green, while the IT sector jumped too, Nifty IT surged 1% after the US Federal Reserve cut rates by 25 basis points.
Investor sentiment got a boost from the Fedās move, sparking global optimism, while strong domestic flows and smart sector rotation kept the momentum alive.
š” Spotlight: Indiaās used-car majors including CARS24, CarDekho, and Spinny are tuning up their engines for the IPO track. Together, they could raise over $1 billion as they eye listings in the next 12-18 months.
The timing isnāt accidental. With India now the third-busiest IPO market globally, raising over $10 billion in 2025, investor appetite for homegrown stories is at an all-time high.
Buckle up.
1 Big thing: NVIDIA bets big on Intel with $5 billion investment š
Tech giant Nvidia is set to invest $5 billion in Intel, cementing a new alliance with the chipmaker.
Whatās brewing: Intel and Nvidia are collaborating to jointly develop multiple generations of custom data center and PC products, aimed at accelerating computing applications and workloads across hyperscale, enterprise, and consumer markets.
As part of this deal, Nvidia will become one of Intelās largest shareholders, likely owning 4% or more of the company once new shares are issued to complete the agreement. Nvidiaās involvement represents a significant opportunity for Intel, offering a fresh boost and opening new avenues after years of turnaround efforts at the renowned US manufacturer struggling to deliver the desired results.
FYI: Intel shares, which fell to their lowest level in over a decade earlier this year, bounced back after gaining renewed support from the Trump administration. In August, the U.S. government agreed to invest 10% in the chipmaker, giving the stock a significant boost.
2. Dixon enters camera module biz with Q Tech deal š·
Dixon Technologies is set to acquire a 51% stake in Kunshan Q Tech Microelectronics India for ā¹553 crore. The deal will be wrapped up within 90 days, pending approvals.
Dixon is one of Indiaās biggest electronics manufacturers, churning out everything from TVs to smartphones for global brands. Q Tech India makes camera and fingerprint modules for mobiles, IoT devices, and cars, clocking a turnover of nearly ā¹198 crore in FY25.
The deets: Dixon will buy ā¹428 crore worth of shares from Q Techās Singapore and international arms, while also subscribing to ā¹125 crore in fresh shares. Post-deal, Dixon will hold the majority 51% stake.
Why it matters: the move boosts Dixonās backward integration in mobile and IoT manufacturing, unlocking tech transfer synergies and quicker time-to-market. Itās also a step closer to Dixonās ambition of being a key enabler in Indiaās electronics ecosystem.
Zoom out: globally, camera modules are already a $40+ billion business and are expected to nearly double over the next decade. India, which once relied heavily on imports, saw demand dip between 2020 and 2024 but has started recovering in the last year. With government schemes like the Production Linked Incentive, local players are now ramping up production to cut dependence on imports.
While we are on deals,
Apollo Micro Systems, a defense electronics company, tied up with Sibersentinel Technologies and Zoom Technologies to build cybersecurity products.
The deets: the three companies will work together to make security tools for government offices, banks, and other critical sectors. Apollo brings its defense background, while the partners bring their cybersecurity skills. The focus is on creating Indian solutions instead of relying on imports.
Why it matters: cyberattacks are rising in India, and sectors like finance and infrastructure are prime targets. With this move, Apollo is expanding beyond defense gear into a fast-growing space.
3. China blocks Nvidiaās AI chips š«
China has barred domestic tech giants like ByteDance and Alibaba from buying Nvidiaās AI chips, escalating the chip war with the US.
Context: earlier this year, the US restricted exports of advanced GPUs to China, forcing Nvidia to design the RTX Pro 6000D specifically for the Chinese market. Now Beijing has slammed the door shut, urging firms to shift to homegrown chips from the likes of Huawei.
The why: for Beijing, itās about self-reliance & cutting dependence on US tech and boosting local players.
For Nvidia, the ban stings. CEO Jensen Huang called the move ādisappointingā but admitted China is now a āroller coasterā market that analysts shouldnāt factor heavily into forecasts.
Consequences: Chinaās AI race could slow down, with companies losing access to the GPUs that power todayās AI boom. On the other side, Nvidia risks losing one of its biggest markets, even as it leans harder into the US and Europe.
4. Lucira raises $5.5 million to go offline š
Lucira Jewelry just raised $5.5 million in seed funding, the largest for a jewelry startup brand in the country till date.
Lucira Jewelry is a design-first fine jewelry brand that focuses on sustainable luxury. Currently the company offers their products through their digital platform.
The deets: the funding round was led by Blume Ventures with participation from Spring Marketing Capital, SiriusOne Capital Fund, and several other investors.
Big picture: the news comes at a time when there is a growing investor interest in the jewelry segment. In June 2025, Giva raised ā¹530 crore. Other competitors like Firefly Diamonds and Jewellbox also received massive fundings earlier this year. With Indiaās lab grown diamonds market slated to grow at a CAGR of 14.5% with valuation reaching $97.85 billion in 2034, the opportunity for Lucira to become a household-fame is massive.
5. Stocks that kept us interested š
1. Cochin Shipyard joins hands with ONGC for rig repairs š¢
Cochin Shipyard shares rose after it signed a contract with ONGC valued at approximately ā¹200 crore.
The deets: ONGC needs to carry out essential dry dock and major lay-up repairs for one of its jack-up rigs to keep it safe, efficient, and ready for offshore drilling operations.
Why it matters: this win not only boosts Cochin Shipyardās order book but also highlights its growing expertise in high-value offshore projects. With energy exploration and offshore infrastructure gaining momentum, such contracts strengthen Cochin Shipyardās position as a go-to partner for PSU giants like ONGC. It also signals confidence in Indiaās shipbuilding and repair capabilities, potentially opening doors for more international and domestic offshore contracts in the future.
2. Capacite Infraprojects wins ā¹1,518 crore Hubtown project š°
Capacite Infraprojects has secured an order worth ā¹1,518 crore for the construction of ultra-luxury residential towers in Mumbai under the Super High-Rise category.
Whatās happening: the order is for the 25 Downtown project by Hubtown and involves constructing ultra-luxury residential towers in Mumbai under the Super High-rise category.
The scope includes the construction of four ultra-luxury super high-rise residential towers at Mahalaxmi, Mumbai, along with amenities, including a clubhouse and penthouses offering views of the Willingdon Golf Course and the Arabian Sea.
Why it matters: the new contract underlines Capacite Infraprojectsā solid footing in the building construction space. Over the years, the company has forged strong partnerships with leading real estate developers nationwide, cementing its reputation as a trusted industry player.
Worth noting: the order win is worth more than half of its market cap which stood at ā¹2,717 crore.
What else are we snackinā šæ
ā”AI push: Huawei unveiled powerful new AI hardware using its own chips, claiming top performance and reducing Chinaās dependence on Nvidia.
š Future eyewear: Meta unveiled new AI-powered smart glasses, partnering with Ray-Ban and Oakley, aiming to make them a global must-have accessory.
š Adani Cleared: Sebi has dismissed all allegations against the Adani Group, closing the Hindenburg saga that once wiped out ā¹12 trillion in market value.
And thatās a wrap. Pour yourself an extra one this weekend.
Weāll be back like clockwork on Monday!
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