Newsletter
Adani’s aerospace bet, BEML goes global, and ICICI Bank’s minimum balance mayhem.
🗓 Morning, folks!
Bulls stormed back to Dalal Street on Monday, with the Nifty and Sensex climbing nearly 1%. PSU banks and defence stocks led the charge, while realty, auto, and pharma stole the spotlight among sectoral gainers.
Meanwhile, oil prices slid further after last week’s 4% drop, as markets focused on looming US-Russia talks over ending the Ukraine war.
Hopes for sanctions relief, and more Russian crude, grew after President Trump confirmed an August 15 meeting with Russian President Putin.
Traders now turn to today’s US inflation data, a potential swing factor for energy prices and this week’s market sentiment.
💡 Spotlight: Investor sentiment turns sour
Foreign investors have been in a selling spree, pulling nearly ₹18,000 crore from Indian stocks so far this month. In simple terms, they’ve been offloading shares instead of buying, spooked by rising US-India trade tensions, weak Q1 corporate earnings, and a sliding rupee.
So far in 2025, foreign investors have pulled a massive ₹1.13 lakh crore out of Indian stocks. To put it simply, that’s a lot of money flowing out instead of in.
July alone saw withdrawals of ₹17,741 crore, a big turnaround from the ₹38,673 crore they invested between March and June.
Meanwhile, Indian investors are going all-in on mutual funds. July was a blockbuster month for equity mutual funds, with inflows skyrocketing 81% to ₹42,702 crore from June’s ₹23,587 crore.
SIP fever stayed hot, with nearly 69 lakh new registrations pushing assets to ₹15.19 lakh crore and monthly inflows to a record ₹28,464 crore, fueled by over 9.11 crore active accounts.
1 Big thing: Shipping Corp fuels domestic shipbuilding boom ⚓
Shipping Corp of India is working on a plan to purchase 26 India-made ships for ₹19,820 crore.
Shipping Corporation of India is a government-owned enterprise and the country’s largest shipping company, operating a fleet of tankers, bulk carriers, container vessels, and offshore supply ships for domestic and international trade.
The deets: this comes as a part of a government initiative to boost the domestic shipbuilding industry. The ships will have a cumulative internal volume of 1.18 million gross tonnes, and delivery will be staggered over several years as they are completed.
The deal will significantly bolster the company’s fleet, which currently consists of 55 ships including tankers, bulk carriers, liners and offshore supply ships.
The bigger picture: India’s share in the global shipping fleet is under 2%, leaving significant room for growth. A deal of this scale could position the country as a competitive alternative to China and South Korea, attracting investment from global shipbuilders and creating stronger domestic demand.
2. Adani seals Indamer deal to strengthen MRO ✈️
Adani Defence and Aerospace, in partnership with Prime Aero, has signed a definitive agreement to acquire a 100% stake in Indamer Technics Private Limited.
Indamer Technics, one of India’s leading private-sector aircraft maintenance, repair and overhaul (MRO) company.
What’s brewing: the acquisition will be executed through Horizon Aero Solutions, a 50:50 joint venture between Adani Defence & Aerospace and Prime Aero, owned by Prajay Patel, Director of Indamer Technics.
This deal expands Adani’s footprint in the aviation MRO sector and aims to unlock synergies between Indamer Technics and Air Works that it had acquired a month ago, offering integrated solutions for both commercial and defence aviation.
Why it matters: this move is part of Adani’s broader vision to position India as a premier global MRO hub. The timing is also key, India’s aviation industry is on the verge of a major growth phase, with over 1,500 new aircraft expected to join domestic fleets in the coming years.
3. Today in IPOs 💰
1. Bluestone off to humble beginnings 💎
Bluestone Jewellery and Lifestyle hit the bourses to raise ₹1,540 crore through its IPO.
The deets: the company plans to raise ₹820 crore through fresh issues and ₹720.6 crore via an offer for sale. Proceeds will be used to meet working capital needs and cover general corporate expenses.
The big picture: Bluestone’s revenue jumped 40% YoY, in FY25, reaching ₹1,830 crore. The surge was fueled by India’s expanding jewellery market, which is projected to grow at a 6.06% CAGR through 2030. Despite strong competition from Kalyan Jewellers, Senco Gold, and Titan, its digital-first omnichannel strategy and broad national presence position it well for future profitability.
2. Shreeji Shipping Global gears up for D-street debut 🚢
Shreeji Shipping Global is finally set to launch its IPO to raise ₹410.7 crore.
The Jamnagar-based company offers various services like cargo handling, material handling, loading, offloading, inland transportation etc.
The deets: the company had filed its DRHP with SEBI in January 2025 before receiving the final nod in May 2025. The company is seeking to raise the stated amount solely through fresh issues.
The big picture: the company owns a niche space in the overall cargo and ship handling market where there are no listed competitors yet. Embracing this first-mover advantage and the CAGR of 6.3% by 2033, the company has a massive opportunity to become a dominant player in the industry.
4. Truemeds gets a funding boost 💊
Chronic care-focused e-pharmacy Truemeds has raised $85 million in Series C funding.
What they do: Truemeds helps patients save 50-70% on medicines by recommending clinically equivalent alternatives for chronic conditions like diabetes, hypertension, and heart disease. It operates pan-India via a logistics network and employs over 3,000 people.
The deets: the funding will go towards expanding fulfillment centers beyond metro cities, building out engineering and product teams, and opening a Bengaluru office to tap tech talent.
Zoom out: India’s healthtech sector is in overdrive, with chronic care and diagnostics drawing record investor interest. From e-pharmacies to AI-driven platforms, startups are racing to serve a massive, underpenetrated market where rising incomes, better awareness, and digital adoption are fuelling a healthcare transformation.
5. Stocks that kept us interested 🚀
1. L&T wins mega Adani power project ⚡
L&T shares went up 2% after it won an ‘ultra-mega’ contract from Adani Power. The order is said to be worth over ₹15,000 crore.
What’s happening: the contract is for setting up eight thermal power units of 800 MW capacity each, totalling 6,400 MW of new generation capacity.
In simple terms, the work involves designing, building, and supplying the entire boiler, turbine, and generator system, along with all supporting mechanical, electrical, and control equipment, and making sure everything is installed and ready to run.
Why it matters: with India’s demand for reliable, affordable power rising fast, this order strengthens L&T’s standing as a crucial partner in building the nation’s vital energy infrastructure and supporting future growth.
2. Jupiter Wagons bags big GATX India order 🚂
Jupiter Wagons shares were in focus after the company bagged a ₹242.4 crore order from GATX India.
GATX India, a subsidiary of GATX, is the largest private railcar leasing company in India, operating over 10,000 railcars.
What’s happening: the order is to manufacture and supply 583 specialised wagons. The contract includes making different types of wagons, BLSS, ACT2, BOXNHL, and BCM. These wagons are specially built to carry bulk goods, SUVs, and container cargo efficiently.
Why it matters: the contract strengthens ties with India’s largest private railcar lessor, supports the country’s freight infrastructure expansion, and promotes high-capacity, long-distance cargo transport.
3. BEML bags maiden International rail deal 🌏
BEML shares rallied 2% after it secured its first overseas contract in the Rail and Metro segment from Malaysia.
BEML - Bharat Earth Movers Limited is a state-owned company and a key player in India’s rail, metro, defence, and mining equipment manufacturing.
The deets: the order is valued at $1 million and under the terms of the order, BEML will be responsible for the Retrofit and Reconditioning of the Mass Rapid Transport System.
Zoom out: this milestone signals BEML’s push into the global market, diversifying beyond domestic orders. It also aligns with India’s “Make in India” export push, as cost-effective upgrades gain favour over brand-new fleets in global metro networks.
Quick bite: BEML posted a wider-than-expected net loss in Q1FY26, with revenue stagnant at ₹634 crore, well below the anticipated ₹689 crore, which implied 9% YoY growth.
What else are we snackin’ 🍿
🚀 Space synergy: ISRO will launch a 6,500 kg US-made communication satellite, its second American mission in two weeks.
💣 Defence boom: India’s defence production hits record ₹1.5 lakh crore in FY25, up 18% from last year, says Defence Minister Rajnath Singh.
🚗 EV boost: VinFast teams up with HDFC Bank for its first India financing deal ahead of EV launch.
💰 Balance jump: ICICI Bank hikes minimum savings account balance in metros from ₹10,000 to ₹50,000, applicable only to new accounts, not existing ones.
That’s a wrap! Don’t let the weekday blues get to you.
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