NewsletterHomegrown money wins, Quantum computers, and QComm rush.
🗓 Morning, folks!
May is here. There’s a saying in the markets which goes “sell in May and go away”, generally meant to signal the profit taking from the gains so far. But with the markets remaining choppy this year, looks like investors will have to scrap those plans and keep the grind going.
💡 Spotlight: for the first time ever, homegrown money is running the show in Indian stock markets.
Domestic institutional investors (DIIs) now own more of NSE-listed companies than foreign investors. As of March 2025, DIIs held 16.91%—edging past FIIs at 16.84%.
Domestic institutional investors (DIIs)—like mutual funds, insurers, and pension funds—are now the main force behind market moves, overtaking foreign institutional investors (FIIs) who typically call the shots from overseas.
Let’s hit it!
1 Big Thing: TCS & IBM plug into India’s Quantum dream 💻
IT giants TCS and IBM will build India’s largest quantum computer in Amaravati, Andhra Pradesh, as part of the upcoming Quantum Valley Tech Park project.
The deets: the system—called Quantum System Two—will run on a 156-qubit Heron processor. More qubits = more brainpower, and this setup puts India on the map for serious quantum computing power.
Why TCS: TCS already works with global giants across sectors. That means it understands the kind of real-world problems like drug discovery, supply chain optimisation, or financial risk modeling where quantum can be a game-changer.
With deep roots across pharma, finance, and manufacturing, TCS brings the use cases, clients, and industry context needed to turn IBM’s quantum tech into real-world impact.
Zoom out: India launched its National Quantum Mission in April 2023 with a budget of ₹6,003 crore. This initiative aligns with India’s mission to position the country as a global hub for quantum technology.
2. Infosys makes a cyber acquisition💰
Infosys just acquired Australian cybersecurity firm The Missing Link in an all-cash deal worth ₹532 crore.
The deets: The Missing Link brings a Global Security Operations Centre and a full-stack cyber team that will now integrate with Infosys’ Cobalt platform—a suite of cloud and AI services.
The why: Infosys is betting big on cybersecurity as a growth vertical. With threats rising globally, clients need smarter, faster, and more integrated protection.
This acquisition expands Infosys' on-ground presence in Australia, brings in deep domain talent, and enhances its ability to deliver end-to-end, differentiated cybersecurity solutions.
Zoom out: the global cybersecurity market is projected to cross $500 billion by 2030, and IT services giants like Infosys want a bigger slice of that pie.
While we are on acquisitions,
Tech Mahindra is picking up full control of Mahindra Racing UK (MRUK) in a ₹13.5 crore deal.
MRUK, which has been on the Formula E circuit since 2014, clocked ₹357 crore in revenue last year.
Why it matters: Tech Mahindra wants a stronger play in the sports-tech and data-engineering space, using MRUK as a global visibility and innovation lever. It's also a brand win—bringing Mahindra’s racing legacy under a tech-forward banner.
3. Priority Jewels files for IPO 💎
Mumbai-based Priority Jewels has filed its DRHP for an IPO, aiming to raise funds via a fresh issue of 54 lakh shares.
Founded in 2007, Priority Jewels designs and manufactures light-weight, affordable, diamond-studded jewellery in gold and platinum.
The deets: the company plans to use ₹75 crore from the issue to pay off debt and cover general corporate needs.
It sells both in India and abroad, and supplies to some of the biggest names in the biz—CaratLane, Kalyan Jewellers, Reliance Retail, TBZ, and Senco Gold.
By the numbers:
- 200+ customers across 21 states
- Presence in 13 export markets including the US, UAE, Norway
- PAT grew from ₹5.37 crore (FY22) to ₹7.15 crore (FY24)
Zoom out: jewellery IPOs have been relatively rare in recent years, but growing consumer demand, especially for affordable, lightweight designs, is drawing fresh investor interest.
4. Stocks that kept us interested 🚀
1. Reliance Power’s ₹10,000 cr solar push
Reliance NU Suntech, a unit of Reliance Power, is building Asia’s largest solar + battery energy project at one location.
The deets: Reliance Power, part of the Anil Ambani-led group, is known for generating power from coal, gas, and renewables. With this project, it's taking a big bet on solar and not just panels, but storage too.
The green mega-project will need an investment of up to ₹10,000 crore. A 25-year Power Purchase Agreement (PPA) has been signed with Solar Energy Corporation of India (SECI) to lock in power sales for the long haul.
The deal includes 930 MW of solar power integrated with a 465 MW/1,860 MWh battery energy storage system (BESS).
Why it matters: 930 MW of solar power can light up around 1.5 million homes but solar doesn’t work at night. That’s where the 465 MW battery system comes in.
Over the past decade, solar has quietly muscled its way into the country’s energy mix.
5. Story in data: Catch up 🛵
Zomato bought Blinkit in 2022, when food delivery was still the clear money-maker.
Two years on, quick commerce has grown twelvefold and now brings in nearly as much revenue. In Q4 FY25, Blinkit clocked ₹1,709 crore—just behind Zomato’s ₹2,409 crore food delivery business.
The gap’s closing fast and what started as a bold bet is now Zomato’s breakout segment.
What else are we snackin’ 🍿
📱 iMade in India: Tim Cook confirmed most iPhones sold in the US this June quarter will be made in India, as Apple shifts gears from China to Bharat.
🏭 Factory flex: India’s manufacturing activity hit a 10-month high in April, with the PMI growing up to 58.2, signaling strong factory momentum.
🟢 Payment pass: RBI has granted Zaakpay the go-ahead to operate as a payment aggregator, clearing the way for its expansion in India’s digital payments space.
💰 Forex streak: India’s forex reserves rose for the eighth straight week, climbing $1.98 billion to hit $688.13 billion as of April 25.
📉 Listing delayed: Oyo has delayed its IPO plans for the third time, this time reportedly due to pushback from major investor SoftBank.
❌ No deal: Bharti Airtel and Tata Group have officially called off their talks to merge their DTH units
That’s a wrap! Don’t let the Monday blues get to you.
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