Govt approves 1.27 lakh cr Semicon 2.0, Adani Power's 25-year power supply agreement, & more - Groww Digest
Wednesday, 15 July 2026
Markets opened over half a percent higher but closed slightly above yesterday’s closing point.
Cements stocks and PSU Bank stocks rose the most today. Metal stocks and IT stocks fell the most.
Global markets: US markets rose on Tuesday. Most Asian markets rose today. European markets showed a mixed trend (as of 6 pm IST).
News
The India-UK Comprehensive Economic and Trade Agreement (CETA) came into effect, aimed at increasing bilateral trade.
India’s unemployment rate remained unchanged at 5.5% compared to May. The rural unemployment rate fell to 5% (vs 5.1% in May). Urban unemployment rose to 6.6% (vs 6.4% in May)
The government approved two railway projects in Odisha and Jharkhand worth Rs 3,907 crore.
The government approved Semicon 2.0 with a budget of Rs 1.27 lakh crore to support the semiconductor design and manufacturing ecosystem in India.
The Ministry of Ports, Shipping and Waterways (MoPSW) has given in-principle approval for two maritime projects: a new shipbuilding cluster in Porbandar, Gujarat, and another project at Vadinar in the Gulf of Kutch.
China’s GDP growth fell to 4.3% year-on-year in the latest quarter, compared with 5% in the previous quarter.
SBI Funds Management IPO was subscribed 2.77 times. Retail subscription: 1.61 times. IPO closes on 16 July.
Stocks Updates
Sun Pharma: received approval in South Africa to manufacture and market a generic semaglutide injection for the treatment of type 2 diabetes.
Adani Power: has signed a 25-year Power Supply Agreement with Maharashtra State Electricity Distribution Company Ltd (MSEDCL) to supply 1,600 MW from a new 2×800 MW ultra-supercritical thermal power plant.
Nestle India: received a Tripura VAT reassessment order demanding Rs 6.67 crore (including tax, interest and penalty). The company will challenge the order.
Samvardhana Motherson: subsidiary Motherson Global Investments BV, completed the acquisition of 11% stake in Japan-based Shinnichi Kogyo from Honda Motor for JPY 330 million as part of its earlier Yutaka Giken transaction.
Billionbrains Garage Ventures (Groww): net profit rose 94.28% year-on-year to Rs 735.04 crore in the Apr-Jun quarter.
Union Bank: net profit rose 27.41% year-on-year to Rs 5,641.52 crore in the April-June quarter.
HDFC Life: net profit rose 11.89% year-on-year to Rs 611.40 crore in the April-June quarter.
Tata Power: allotted unsecured NCDs worth Rs 1,500 crore on a private placement basis at a 7.50% coupon rate.
HDFC AMC: net profit rose 11.98% year-on-year to Rs 837 crore in the April-June quarter.
Zydus Lifesciences: clarified that the Delhi High Court has temporarily restricted the company from supplying its cancer drug Ikra. It also said the development has caused no material impact on its business or financial position.
IDBI Bank: clarified that it cannot confirm or deny the report on Fairfax’s offer, as the strategic disinvestment process is confidential and led by the Government of India.
ICICI Lombard: net profit fell 46% year-on-year to Rs 403 crore in the April-June quarter.
Word of the Day
Bilateral Trade
It refers to the trade that happens between two countries
This trading can be in goods as well as services.
It does not imply that both countries buy/sell equal value of goods and services from each other. It is just the trading that happens between them.
6 Day Course
Theme: companies with extra cash
Day 3:Wednesday
So, we spoke about dividends and buybacks.
The part of the profit or earnings left after paying dividends is called retained earnings.
The company retains them for other uses.
There can be many different types of uses. One of those uses is reinvesting in the business.
Many companies skip dividends entirely to reinvest in the business.
This money can be used to build more factories, warehouses, buy more equipment and tools, spend more on advertising and growth, hire more employees, launch newer products, spend more on R&D, improving quality, exploring newer markets, etc.
In some cases, it is cheaper to acquire new customers and expand into newer markets by simply acquiring another company.
So sometimes, retained earnings are used for acquiring other companies also.————
Featured Question
Q. “How can we buy unlisted shares of companies like NSE or Haldiram who’s IPO has not come”
Companies that are not listed on the share markets are traded privately.
As in, you will have to talk to someone who owns the shares and deal directly. Or, someone introduces you to an existing shareholder.
It is almost the same as buying/selling real estate.
There is no formal system. The deal happens person-to-person, and the price negotiation is also based on person-to-person discussions and understanding.
Many of the shareholders of such companies are unwilling to sell and therefore it is difficult to find these shares to purchase. There is no guarantee you will be able to find sellers for these shares.
Another thing to note is that companies that are listed on the stock markets have to go through many audits and mandatory declarations.
These rules apply a lot less in case of unlisted companies and therefore, investors will have to carry out the due diligence on their own in such cases.
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