'Let the oil flow' 🤝
Inflation ticks higher, Healthcare gets smarter, and first foreign listing.
🗓️ Morning, folks and Happy Mondayyy! ☀️
A major geopolitical breakthrough is probably here.
US President Donald Trump said the United States has reached a deal with Iran.
Pakistan Prime Minister Shehbaz Sharif said that official signing ceremony is scheduled to take place in Switzerland on June 19.
💡 Spotlight: Inflation is coming for your wallet 📈
India’s retail inflation rose to 3.93% in May, up from 3.48% in April, moving closer to the RBI’s 4% target.
What’s getting costlier: food inflation increased to 4.78% in May.
The biggest price jumps were seen in gold and silver jewellery, diamonds, platinum, and vegetables like tomatoes and ginger. Meanwhile, potatoes, peas, cumin, and even cars and two-wheelers saw relatively smaller price increases.
Why the numbers look different: you can’t directly compare this year’s inflation with last year’s because India changed how it measures inflation in January.
Think of it as updating the country’s shopping basket to better reflect what people buy today. The new Consumer Price Index (CPI) uses 2024 as the base year.
An interesting update: India successfully conducted three consecutive flight tests of ballistic missile defence systems last week, a milestone achieved by only a handful of nations.
The tests were carried out by DRDO on June 10 and 11, and also included the successful maiden trial of a medium-range anti-ship defence system.
Let’s hit it! 💪🏻
1 Big thing: Health acquisitions are rollin’ 🤝
Sagility acquired CareSeed, a US-based healthcare analytics firm, in a deal worth up to $30 million.
Founded in 2012 and based in Missouri, CareSeed works with more than 30 small and mid-sized health insurers in the US, with a strong focus on the Medicare Advantage market.
Why does this matter: the acquisition gives Sagility access to CareSeed’s analytics platforms and healthcare quality tools, helping it strengthen its AI-driven healthcare offerings.
The bigger trend: healthcare mergers and acquisitions are booming globally. The total value of healthcare deals jumped 46% in 2025, driven by companies looking to acquire new technologies, strengthen digital capabilities and accelerate innovation.
As healthcare becomes more data-driven, companies are increasingly buying specialised firms rather than building everything from scratch.
While we are on deals 💸,
Adani Enterprises’ through its joint venture, AdaniConneX acquired 100% of Madhuvanti Build Estate for ₹765 crore in an all-cash deal.
The twist: at first glance, the acquisition may seem unusual. Madhuvanti Build Estate has not yet started business operations and reported no revenue. But that’s not the real attraction.
The company owns a large land parcel and has already secured several key approvals and licenses needed for infrastructure development.
In simple terms, AdaniConneX is buying a ready-made launchpad. Instead of spending years acquiring land and obtaining regulatory clearances, it now gets a head start on future projects.
2. First US company heads to India’s GIFT City 🇺🇸
US-based Tryfacta is planning a $100-150 million IPO in GIFT City, which could make it the first American company to list its shares in India.
Tryfacta provides workforce management and technology solutions to government agencies and public institutions across the United States.
Quick context: GIFT City is India’s international financial hub created to attract global businesses and investors by offering a special regulatory and tax framework. But despite the framework being in place, no foreign company has successfully listed yet.
Big picture: India has been actively trying to attract more foreign money into its financial markets.
Just recently, the government scrapped taxes on interest income and capital gains earned by foreign investors from Indian government bonds.
In simple terms, overseas investors can now earn returns from these bonds without paying tax in India, making them much more attractive.
3. Meesho adds Kirana Club to its kitty 🛒
E-commerce platform, Meesho, is making a big bet beyond online shopping.
The company acquired Kirana Club for ₹202 crore, giving it full ownership of the business.
Why does this matter: Kirana Club is a B2B platform that has more than 4 million registered retailers and operates in a market that is estimated to be worth $658 billion.
With the acquisition, Meesho gains direct access to millions of kirana stores and can use its logistics network, supplier relationships and technology platform to help these retailers source products more efficiently.
Bigger story: for years, the narrative has been that quick commerce is replacing kirana stores. The reality is more nuanced.
Indian consumers haven’t abandoned their local grocery shops.
They’ve simply added another option. Around 45% of quick-commerce users rely on these apps mainly for urgent purchases, while another 24% use them for everyday top-ups like milk, bread and snacks.
In other words, kirana stores and quick-commerce platforms are increasingly coexisting rather than competing head-on.
4. India is creating more billionaire women! 🏋🏻♀️
India is home to 105 self-made billionaires as of 2025, the third-highest count in the world.
But a growing number of women are climbing the billionaire ranks and building some of the country’s largest fortunes.
From Savitri Jindal and Rekha Jhunjhunwala to Falguni Nayar, these women are shaping industries, creating businesses and redefining what wealth creation looks like in modern India.
5. Stocks that kept us interested 🚀
What went up ⬆️
🚀 MTAR Tech jumped 13% after reports indicated that the major data centre project linked to its US client Bloom Energy remains on track.
🏗️ L&T surged nearly 5% in the opening hour of trade on a possible US-Iran deal.
🟢 IndiGo jumped 5%, HPCL gained 7%, tyre stocks rose 2-7% as falling crude oil prices lift oil-sensitive shares.
📶 Vodafone Idea saw a 6% gain as Kumar Mangalam Birla backed the turnaround and promoter funding plan.
🚢 JSW Infra shares ended nearly 7% higher on reports of a ₹6,000 crore QIP fundraise.
What went down ⬇️
🔻 ONGC, Oil India fell up to 2% as Brent crude dropped below $90 on Middle East peace hopes.
🍫 FSSAI issued a notice to Nestle over alleged detection of insect/larvae in maggi packet, stock ends flat.
What else are we snackin’ 🍿
📈 Growth upgrade: the World Bank raised India’s FY27 GDP growth forecast to 6.6%, citing strong domestic demand and resilient economic fundamentals.
📊 Demerger debut: Vedanta’s four demerged entities will start trading on the NSE and BSE on June 15, marking a major step in the group’s value-unlocking restructuring plan.
That’s a wrap! Don’t let the Monday blues get to you.
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