Govt approves Rs 69,725 cr for shipbuilding, Swiggy to sell Rapido stake, & more - Groww Digest

Wednesday, 24 September 2025

Sep 24, 2025

Markets opened below yesterday’s closing point.

Nifty 50 closed in the red today. The negative sentiment may have been driven by continued concerns over H-1B visa issues, and India-US trade tensions.

All sectors’ stocks fell today except for the FMCG stocks. Realty stocks and auto stocks fell the most.

Global markets: US markets fell. Asian markets showed a mixed trend. Most European markets fell (as of 6 pm IST).

News

The central government approved Rs 69,725 crore to boost India’s shipbuilding and maritime sector. It extends financial aid for new ships till 2036 and sets up funds to improve domestic capacity.
The central government approved a 4-lane, 79 km highway in Bihar connecting Sahebganj, Areraj, and Bettiah at a cost of Rs 3,822.31 crore.
The central government approved Rs 2,192 crore to double the 104 km Bakhtiyarpur-Rajgir-Tilaiya railway line in Bihar.
The central government approved Rs 1,865.68 crore as Productivity Linked Bonus for over 10.9 lakh railway employees for their 2024-25 performance.
The central government approved Rs 2,277.397 crore for the ‘Capacity Building and Human Resource Development’ scheme to support young researchers in research and training across science and technology fields.
Jain Resource Recycling IPO has been subscribed 0.73 times. Retail subscription: 0.51 times. IPO closes tomorrow (25 Sept).
Epack Prefab Technologies IPO has been subscribed 0.30 times. Retail subscription: 0.29 times. IPO closes tomorrow (25 Sept).
Anand Rathi IPO has been subscribed 1.11 times. Retail subscription: 1.37 times. IPO closes tomorrow (25 Sept).
Seshaasai Technologies IPO has been subscribed 3.09 times. Retail subscription: 2.92 times. IPO closes tomorrow (25 Sept).
Atlanta Electricals IPO was subscribed 70.63 times. Retail subscription: 10.42 times. IPO is closed for subscription.

Stocks Updates

Swiggy: approved selling its entire stake in Rapido for around Rs 2,400 crore to Prosus Group and Westbridge Capital.
Apollo Hospitals: the CCI approved merger scheme of Apollo Healthco and Keimed into a single company, Apollo Healthtech.
Lupin: received tentative US FDA approval for Bictegravir, Emtricitabine, and Tenofovir Alafenamide tablets used for the treatment of human immunodeficiency virus infection. The tablets had estimated annual sales of $16 billion in the US.
Ambuja Cements: company subsidiary, Penna Cement, commissioned a 2 MTPA cement grinding unit at Krishnapatnam, Andhra Pradesh.
GAIL: approved doubling the Jamnagar-Loni LPG pipeline capacity to 6.5 MMTPA with a Rs 5,364 crore investment over 3 years.
Dabur: received a revised GST order of Rs 272 crore tax demand and equal penalty, which it plans to appeal.

Word of the Day

Angel Investor

They are investors who provide early-stage funding for startups

In return, they receive an equity stake — a share of ownership in the company.

Start-ups often struggle to get loans or venture capital when they are just beginning. Angel investors fill this gap.

Sometimes they also offer guidance, or help with business networking.

It is a high-risk, high-reward investment: many start-ups fail, but a successful one can make an angel investor’s stake highly valuable.

6 Day Course

Theme: tax on shares & mutual funds
Day 3: Wednesday

Now, we come to LTCG tax on shares and equity mutual funds.

Any gains made when a mutual fund or share is bought and sold after more than 1 year is categorised as long term.

The gains are taxed based on the LTCG tax rate: 12.5% of gains.

The first Rs 1.25 lakh gains are tax exempt. After that, the 12.5% tax is levied on the gains.

Do note, this Rs 1.25 lakh exemption is for all shares and equity mutual funds’ long term gains added together (within each financial year).

You will also be able to offset your losses against the gains made. Which means if you have Rs 8 lakh gains in a financial year and a Rs 1 lakh loss in the same period, the gains considered for LTCG tax will be Rs 7 lakh (Rs 8 lakh - Rs 1 lakh).

Also, like with STCG tax, you will not have to pay any LTCG tax if your total income in a financial year is less than Rs 4 lakh.

If your gains are slightly above that, tax calculation will start.

Example: your income from business is Rs 0 and you have LTCG gains of Rs 6 lakh. The first Rs 4 lakh gains are exempt from LTCG tax. Rs 2 lakh gains remain. Of this, you will get an exemption on the first Rs 1.25 lakh. Which leaves Rs 75,000 in gains. You will have to pay 12.5% of Rs 75,000 as LTCG tax.

Featured Question

Q. “Suppose I have income from my part time job is 1,00,000 and other income from stock market (IPO,intraday,swing trading ) is 2,50,000. Total income is 3,50,000 which is less than 4,00,000 . So it’s taxable or not in STCG ??”

For income less than Rs 4 lakh, no tax will be due.

Note: trading income (non-delivery) is treated as business income and taxed based on the tax slab.

Which means, trading income is not taxed based on STCG tax and LTCG tax rates.

In the case mentioned by you, all incomes are less than Rs 4 lakh. So no tax will be due.

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