Macquarie warns that if IndusInd Bank’s stock drops below Rs 600, the Hinduja Group may need to pledge up to 80% of its holdings. Analysts highlight risks for other Hinduja-led entities, as the group faces debt repayment challenges and collateral pressures.
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The Indian market is expected to consolidate on Friday, influenced by muted global cues. Nifty futures closed with modest gains, while India VIX fell. Experts