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Indusind Bank Jumps 10% On Report Us Hedge Fund May Raise Stake In Lender
Mumbai: Shares of IndusInd Bank jumped 9.81% on reports US-based hedge fund Route One Investment Company is initiating talks to increase its stake in the bank. At 12:40 pm, IndusInd Bank was trading at ₹566.30, up 7.62% from its previous close, while the benchmark index, Sensex lost 0.10% to 36639.27. According to Moneycontrol, Route One Investment Company has initiated talks to increase its stake in IndusInd Bank, which has been looking to raise capital. Route One Investment currently holds 5.41% ... Full investment news article
China To Face Headwinds In Next Phase Of Post-Lockdown Recovery
Orders for infrastructure materials and equipment have helped industrial output recover faster in China than most places emerging from COVID-19 lockdowns, but further expansion will be hard to attain without stronger broad-based demand and exports. Full investment news article
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