INDIA'S PROMOTERS HAVE sold shares worth â¹1.5 lakh crore in 2024 so far, the highest in at least five years, cashing in on a rallying stock market and frenzy in the primary market.
The cash realised by promoters in 2024 of â¹1.49 lakh crore, data from Prime Database reveals, was higher than the value of â¹1.26 lakh crore realised in the previous year.
The shareholding of private Indian promoters, as a share of the total market capitalisation of firms listed on the National Stock Exchange, stood at 32.8% at the end of September. This compares with 36.4% in December 2021.
The share of foreign portfolio investors too has fallen from 19.7% to 17.7% over this period. However, the share of active domestic mutual funds has gone up from 6.10% to 7.7%, while for passive domestic mutual funds the share has risen from 1.3% to 1.8%. The share of retail investors has remained more or less flat at 9.6%.
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Special category visa for foreign students
INDIA HAS LAUNCHED two special category visas for international students intending to pursue higher education in academic institutions in the country.
Stars Who Couldn't Walk the Talk
IN THE END, just one Indian could get on top of the dias at the presentation ceremony of Border-Gavaskar Trophy (BGT).
Bajaj Auto's EV charge
LAUNCH OF MASS MARKET SCOOTERS PAYS OFF
Indian-Origin IT Companies Corner a Fifth of H-1B Visas
INDIAN-ORIGIN TECH COMPANIES cornered a fifth of all H-1B visas issued by the US with Infosys and Tata Consultancy Services (TCS) leading the pack, an analysis of data from the US immigration department showed.
A handy tool to make your voice louder
â Simple plug and play design adds to its ease of use
Track kids' location in real-time
A 4G smartwatch with large display and GPS tracking
No need to run an air purifier and room heater at the same time
â It heats in winter and purifies indoor air all year round
Readying talent for the AI era
â GenAI industry to add 1 million new jobs by 2028
A win-win solution
â Platform becomes match-maker for India Inc & startups
Man magnet: Is this the most handsome bike in India?
Those twin parking lights that look like jet engines of Messerschmitt Me 262, that calligraphy on the sides where it says 'Goan Classic', those whitewall tyres, and those raised handlebars... if all this isn't art on wheels, what is?
