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Bond yields inched higher and Wall Street flipped from small gains to losses before the opening bell Thursday after rising U.S. debt sank markets on the previous day.
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IndusInd Internationals Ashok Hinduja backed the banks leadership after suspected internal fraud surfaced. He praised swift corrective action, regulatory compliance, and reaffirmed IIHLs financial support. Despite accounting lapses, core operations remain strong as the bank aims to restore credibility.
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Critics say he is trading access for personal profit - a suggestion rejected by the White House.
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