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Elsewhere in Asia, China advanced 4.6%, while Hong Kong, considered a proxy for China in the past week because of the holiday in mainland markets, plunged 9.4%, the biggest single-day fall since 2008. South Korea declined 0.6% and Taiwan dropped 0.4%.
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Tata Power is pursuing bids for wind turbines to equip its wind-solar hybrid renewable energy projects, expecting to install over 3GW with a potential expansion to 5GW over five years. Major manufacturers like Siemens Gamesa and Suzlon are involved, with investments estimated at $9 billion.
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At present, AIFs have been designated as qualified institutional buyers(QIB) and can avail certain benefits under Sebi rules. On Tuesday, Sebi said AIFs should not facilitate investors who are ineligible for QIB status on their own from availing the benefits.
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