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IndusInd International Holdings and Invesco have finalised their joint venture in Indias mutual fund space, with IIHL taking a 60% stake and Invesco retaining 40%. The partnership combines Invescos global investment expertise with IIHLs strong domestic network, aiming to expand mutual fund reach and accelerate financial inclusion across India.
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Maintaining properties has become unsustainable for many religious institutions. Turning the buildings into housing has become an attractive option.
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Indian stock markets closed lower on Friday. The Sensex and Nifty experienced a second day of declines. Investors booked profits amid mixed corporate results and cautious global sentiment. A stronger US dollar and the Federal Reserve's stance on rate cuts impacted investor mood. Banking stocks like HDFC Bank and ICICI Bank faced pressure. The market sentiment was bearish.
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News and Media
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