Retail investors sold over Rs 12,000 crore worth of stocks in Q3, including shares of HDFC Bank, Reliance Industries, TCS, Infosys, and others. They bought shares of Jio Financial, Paytm, IDFC First Bank, Suzlon Energy, and more. Retail holding in NSE-listed companies increased by 13.27% QoQ.
India invites re-bids of advanced chemistry cells digitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from digitimes.com Daily Mail and Mail on Sunday newspapers.
The Heavy Industries Ministry has started reauction for 10 GWh of Production Linked Incentives (PLI) for Advanced Chemistry Cell (ACC) manufacturing. The incentives will support manufacturing of Electric Vehicle (EV) batteries. A budgetary outlay of Rs 3,620 crore has been earmarked as incentives against setting up this battery manufacturing capacity. In addition, a separate round of bids will be called for another 10 GWh of incentives for stationery battery applications. The 20 GWh PLI capacity being rebid was initially allocated to Hyundai Global Motors, a company said to be impersonating South Korean firm Hyundai Motor Co.
Government reopens bids for Advanced Chemistry Cell manufacturing thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The rally in the equity markets in the second half of 2023 has led to a sharp surge in the cutoff for stocks to qualify as largecaps and midcaps.
On the latest list put out by the Association of Mutual Funds in India (Amfi), the smallest largecap stock now has a market capitalisation (m-cap) of Rs 67,000 crore, 35 per cent higher than in July 2023.
In the case of midcaps, the cutoff has surged 26 per cent to Rs 22,000 crore.