Chinese stocks are among the world’s worst performers this year, with the Hang Seng China Enterprises Index having fallen more than 20% from a January high. The country’s economy is struggling with default risks in the property market and a sluggish recovery in domestic consumption.
L&T, 6 others pick 8.03% stake in Cube Highways Trust for Rs 1,243 crore
The company had clocked a loss of Rs 20 crore in the year-ago period. Its total income rose to Rs 830.9 crore from Rs 781.6