Newsletter
Telecom relief for Vi, Green Hydrogen funding boost, and India’s energy ambitions.
🗓 Morning, folks!
Markets had a strong day on Monday with the Nifty climbing 170 points, inching close to the 26,000 mark, while the Sensex ended nearly 1% higher. After a few sluggish sessions, buyers were back in action, cheering a fresh round of upbeat Q2 earnings.
Overall, sentiment stayed upbeat across midcaps and smallcaps, with investors showing renewed risk appetite. With results season heating up, the bulls seem to have found their spark again.
💡 Spotlight: India’s growth stays solid despite trade heat 🇮🇳
The government’s September report projects strong growth for FY26, powered by robust domestic demand, cooling inflation, and a little extra boost from recent tax cuts.
Even with weather-related crop losses, food prices are expected to stay soft, thanks to healthy production forecasts.
On the trade front, while 50% tariffs on exports to the US are weighing on some sectors, New Delhi is diversifying export markets and holding its ground in ongoing trade talks.
Let’s hit it.
1 Big Thing: can Reliance & Meta’s ₹855 crore AI bet reshape India’s tech game? 🤖
Reliance Industries and Meta Platforms announced a new joint venture worth ₹855 crore to develop and scale enterprise AI solutions in India and select global markets. The stock ended more than 2% higher following the news.
The new entity will focus on building open-source AI models for businesses across industries.
Why is this important: through this partnership, Reliance and Meta plan to build AI tools for businesses, schools, hospitals, and even local startups. That means smarter customer services, faster delivery systems, more efficient energy use, and even AI assistants in regional languages that can help small businesses or students.
Reliance will use its reach across energy, retail, telecom, and manufacturing while Meta will bring its AI expertise. Together, the venture aims to create sovereign, enterprise-ready AI tools that Indian companies can use.
Mukesh Ambani, Chairman of Reliance Industries, added “together, we want to pair the power of open-source AI with Reliance’s deep domain knowledge across industries. We aim to deliver sovereign, enterprise-ready AI for India.”
Zoom out: with over a billion internet subscribers, India is now the world’s second-largest online market after China. With geopolitical tensions pushing nations toward tech self-reliance, this move signals a strategic shift towards India building not just for itself, but for the world.
2. LTIMindtree signs $100M tech deal with US chemicals giant 🤝
LTIMindtree just bagged a multi-year, $100+ million contract with a US-based global chemicals and polymers manufacturer. The stock gained nearly 2% on the update.
Polymers are basically materials used to make everyday things like plastic, rubber, and packaging
What’s going on: simply put, this deal is about a chemical manufacturing company that is using AI-powered tech (through LTIMindtree) to improve how it runs its business. Think of it like upgrading from manual processes to smart, automated systems that save time and money.
Zoom out: AI is helping chemical firms automate production lines, reduce waste, predict equipment failures, and even create new materials faster through data analysis. For example, AI can simulate how a chemical reaction will behave, saving weeks of lab testing and millions in R&D costs.
3. Vodafone Idea gets a breather after Supreme Court nod 📱
Vodafone Idea’s stock soared over 4% on Monday after the Supreme Court allowed the Centre to reconsider the company’s plea on Adjusted Gross Revenue (AGR) dues, offering a potential lifeline to the cash-strapped telecom operator.
What it means: Vodafone Idea, one of India’s major telecom companies, got some good news after the Supreme Court said the government can reconsider how much money the company owes in old telecom fees, known as AGR dues.
What SC said: the apex court observed that given the Centre’s 49% stake in Vodafone Idea and the fact that the company serves nearly 20 crore customers, the issue deserves a fresh look in the larger public interest.
Why this is positive for Vi: SC’s remarks come as a major relief for the company, which has been weighed down by heavy AGR liabilities and struggling to stay competitive against Reliance Jio and Bharti Airtel.
The verdict doesn’t erase its dues, but it does open the door for policy-level relief, giving the company some breathing space.
4. HYDGEN gets a $5million boost for green hydrogen 🔋
Deeptech startup HYDGEN has raised $5 million to deliver green hydrogen at scale.
HYDGEN is a Mangaluru and Singapore based company that develops green hydrogen using AEM electrolyzers.
This technology splits water into oxygen and hydrogen using electricity. The method makes hydrogen-generation emissions-free and cost efficient.
The why: the company plans to use fresh capital to:
- develop a semi-automated production facility in Mangaluru,
- expand capacity to 250 kW, this can power 80-100 homes for a couple of hours.
- expand its footprint in countries like Japan, Europe, and the Middle East.
Zoom out: while India has the production capacity of 6 million tonnes per annum (mtpa), it is mainly derived from fossil fuels. But now under the National Green Hydrogen Mission, the government is aiming to expand green hydrogen production to 5 mtpa by 2030.
The high cost of transitioning to new energy sources was a hurdle for India to achieve its zero emissions dreams, but with new funding HYDGEN can deliver cheap, low-cost solutions at scale.
6. Stock that kept us interested
1. NCC wins a ₹6,829 crore order to power India’s coal ambitions 🔌
NCC has bagged an order worth ₹6,829 crore from Central Coalfields for extraction and transportation work in Jharkhand. The stock gained nearly 2% following the news.
Hyderabad-based NCC is a construction and infrastructure conglomerate that caters roads, railways, energy, and electricity sectors.
Central Coalfields is an arm of Coal India that supplies coal to support India’s energy needs.
The deets: under the contract, NCC will conduct extraction, overburden, and transportation work at Amrapalii Opencast Project in Chandragupt area of Jharkhand.
Overburden is a process in mining that involves reduction of excess soil, rocks, and other materials from minerals.
NCC will undertake:
- coal extraction of 233.325 million tonnes and
- overburden removal of 413.59 million cubic meters
Big picture: the move will help India reduce coal dependence on countries like Indonesia and South Africa. In the year 2024-25 alone, India imported 243.6 million tonnes, which roughly represents the country’s 20-25% overall demand.
With investments like these, Coal India can achieve its production target to 1 billion tonnes by 2028-29 and also gain self-reliance while the country looks for cleaner alternatives.
2. GPT Infra bags ₹195 crore port project in Ivory Coast 🚢
GPT Infraprojects jumped 7% after the company won a ₹195 crore contract from Terminal Industriel Polyvalent de San Pedro (TIPSP) in Ivory Coast, West Africa.
Simply put, the company will build a huge conveyor belt system at the Port of San Pedro, one of Africa’s busiest ports. Think of it like a giant moving belt that helps carry heavy goods like minerals, grains, or industrial materials directly from storage areas to ships.
Once done, it’ll help the port move tons of cargo much quicker, boosting trade and export capacity for Ivory Coast.
Big theme: the African port infrastructure market is expected to cross $50 billion by 2030, driven by global trade and resource exports.
For GPT Infra, this is about expanding into one of the world’s fastest-growing trade regions.
What else are we snackin’ 🍿
✈️ Winter takeoff: SpiceJet shares climbed 6% as the airline doubled daily flights for winter and plans to triple capacity by November 2025.
⚙️ Electronics push: India cleared six firms, including Kaynes Circuits, Syrma Strategic, SRF, and Ascent Circuits, for ₹5,532 crore investments under the Electronics Component Scheme.
🛍️Export edge: Despite tariffs, the US stays India’s biggest export market on Amazon, driven by strong retail demand and spending power.
That’s a wrap! Don’t let the weekday blues get to you.
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