All you need to start your day informed in under 6 mins
Good Morning India 🇮🇳
JP Morgan just bet big on India and dropped a cool ₹1,000 crore to rent in Mumbai and experience the magic of (compact) luxury. Rumour has it, even they said “Bas itna hi?” after seeing the office space. Meanwhile, even the top 5% need to save a 100 years ONLY for a 1BK (that’s bathroom kitchen please).
Now, let’s get into the dispatch! 🚀
BUT WAIT! Have you been enjoying reading this newsletter? It would be SO GREAT (Trump voice) if you can forward the link to ONE person and tell them about us 🙂
MARKETS 🔔🐂🐻
As of June 26, 10:40 pm
Green Day in Dalal Street (pushing the boulevard of profit dreams - sorry, we try), as global positive cues and reduced Iran-Israel ceasefire tensions uplifted Indian equities, balancing FII selling against strong DII buying.
Top gainers were Shriramfin, JioFin, TATA Steel while top losers for yesterday were Dr Reddy’s Labs, TechM and Wipro
Economy 📈
$30 Billion Quick Commerce boom
Image Credit: Your Story
A quick commerce boom that’s rewriting the rules of shopping. With Zepto, Blinkit, and Instamart racing the clock, India’s instant delivery obsession is now big business and only getting bigger. The quick commerce market is set for an explosive six-fold growth, projected to hit $30 billion by FY30 from $5 billion in FY25, according to a Bessemer Venture Partners report. This massive expansion signals a significant shift in Indian consumer behaviour, driven by mobile-first consumption.
Contributing factors
This surge is part of India’s broader e-commerce market, which could reach $300 billion by 2030, contributing to a $1 trillion digital economy. With fierce competition, expansion beyond groceries into general merchandise, and rising digital payments - adoption is inevitable.
The Flip Side
Despite the optimism, achieving this growth is not easy. Delivery charges could deter price-sensitive consumers outside metros, and the pressure on gig workers raises ethical and logistical questions. Sustainable growth will depend on diversification, operational efficiency, and regulatory clarity.
Culture of Convenience
Quick commerce is more than just fast groceries; it reflects a shift in lifestyle. With Gen Z and millennials prioritizing convenience over planning, 10-minute deliveries are becoming an expectation, not a luxury. But this “right now” culture has raised deeper questions: Are we building for speed at the cost of sustainability? As the market booms, the real challenge might not be logistics, but balance.
ECONOMY 📈🇮🇳
India’s Global Capacity Centers (GCCs) Surge: From Back Office to Global Brainpower
Image credits: People Matters
Once perceived merely as back-office support for Fortune 500 companies, Global Capability Centres (GCCs) in India have evolved into strategic hubs, playing a critical role in global innovation. This shift has been driven by India’s unmatched digital talent pool and expanding tech ecosystem.
According to a new report by PwC, India is poised to retain its top spot as a preferred destination for GCCs, with global businesses reaffirming their long-term commitment to growing operations in the country.
Bright outlook
GCCs in India have evolved from being cost-saving back-end units to multifunctional centres of excellence.These "cost-conscious innovators" are now deeply integrated into the global growth strategies of their parent companies. Less than 25% of leaders are considering relocating GCCs, infact, estimates suggest over 150 new GCCs are expected to be established in the next few years.
Making a good thing great
These findings may wax lyrical about the potential that India possesses; however, they also suggest certain recommendations from industry leaders such as ease of doing business, strengthening digital infrastructure and offering more robust regulatory support, which could further boost India’s GCC appeal.
Why it matters
GCCs in India are projected to deliver value growth of 11–12% between FY25 and FY29. With timely policy support and infrastructure improvements, this could rise to 14–15%. This signals not only economic opportunity but also India’s growing leadership in the global digital economy.
India's rise as a GCC powerhouse is more than just a headline; it's a blueprint for the future. As global companies double down on innovation and talent, India isn’t just part of the conversation; it’s where the conversation is happening.
India’s IPO Surge
India's market is impressively rebounding with a surge in IPOs, marking the latest financial buzz. Apparently India will be the most preferred IPO market by 2035.
Fintech firm Pine Labs is the most recent one boosting this momentum after filing for a ₹2,600 crore IPO
Some stories we brought you earlier: HDB Financial Services launching a ₹12,500 crore IPO, PhonePe eyeing a massive $1.5 billion IPO, and recently, NSE getting the green light from SEBI for an upcoming IPO
BUSINESS INDIA
DHANDA HAI YEH!
Overseas spending by Indians surged 8.5% to $2.5 billion in April, primarily fuelled by growth in travel and financial investments while education spends dropped (sorry Harvard)
Air India financial backings: Tata Sons and Singapore Airlines infused ~₹10k crore into Air India for its transformation and working capital. Singapore Airlines currently holds a 25.1% stake in the national airline.
Rise of lab grown Diamonds: Bengaluru's jewellery brand Giva secured ₹530 crore to capture the booming lab-grown diamond market (now 30% globally). India's LGD market, at $265 million in 2022, projects a ~15% CAGR, reflecting a major industry shift
Huge leap for India’s Defence Industry (… and Anil Ambani): Incase you thought Anil Ambani was just sitting at home watching legally blonde - his company Reliance Defence just secured a ₹600 crore export order from Germany's Rheinmetall. One of India's largest deals in high-tech ammunition, it significantly boosts the 'Make in India' narrative, while strengthening India’s global defence presence
Brand Finance just released a list of the top brands in India - check out the top 10 strongest and most valuable brands here
WORLD: BUSINESS AND GEOPOLITICS 🌍
KYA CHAL RAHA HAI?
Iran has intensified its internal security crackdown, especially in the volatile Kurdish region, post the ceasefire with Israel. According to the Iranian rights group HRNA, 705 people have been arrested since the war with Israel on spying charges and the like.
Thailand has banned the sale of cannabis for recreational use, three years after decriminalizing it. Plans cancel? 👀
U.S. President Donald Trump has proposed an $893 billion defence budget focusing on more drones and missiles, and pay raises while reducing F-35 fighter jet purchases
Mexican President Sheinbaum has threatened legal action against Elon Musk’s Space X’ after SpaceX's Starship rocket exploded in a ground test. The test site is only a short distance from Mexico’s northern border, harbouring concerns of cross-border effects of pollution and contamination after repeated launches and failures
Japan has clocked a record $232 billion in mergers and acquisitions in 2025, becoming the top growth driver for Asia’s dealmaking revival. This surge signals investor confidence (low interest rates) and Japan’s strategic pivot amid shifting global economic headwinds.
Aur Batao: News from across India 📰
Pakistan PM Sharif expressed willingness to hold peace talks with India again during a call with Saudi Crown Prince MBS. Sharif wants dialogue on issues such as J&K, water, trade and terrorism. However, India remains firm that talks would revolve around POK and ending terrorism.
India accompanied BRICS countries in expressing grave concern regarding the military escalation in Iran, a BRICS member (though not directly naming US or Israel).
Joint Parliamentary Committee (JPC) is set to convene on the ‘One nation, one poll’ initiative on July 11, 2025, in consultation with legal experts and former officials. If successful, this initiative could enable simultaneous Lok Sabha and State Assembly elections.
India refused to sign a joint statement at the Shanghai Cooperation Organisation (SCO), allegedly due to the way terrorism was addressed in the draft. Defence Minister Rajnath Singh also slammed nations that used terrorism as a state policy and sheltered terrorists (no points for guessing who he meant)
Sports and Entertainment
Pant’s new feat: After scoring two centuries against England in the recently concluded Test, Indian cricketer Rishabh Pant reached a career-best 7th position in the ICC Test Rankings for batters.
Khelo India Games: Jaipur will host the 5th Khelo India University Games in November, with 4,000 U-25 athletes from 200 universities competing. It will be jointly hosted by Poornima University and Rajasthan University in Jaipur.
NOTE FROM THE DESI DISPATCH TEAM
Got thoughts on this newsletter or life in general? Write to us - we would LOVE to hear from you. Just reply to this email.
If you were forwarded this email/whatsapp - subscribe now at desidispatch.com so you don’t miss out on a daily update.
Keep reading!🚀