Indian Stocks Drop After Airwave Sale Shortfall

Indian stocks dropped for a fifth day, with the benchmark index completing its longest losing streak in six months, after the government failed to meet a fundraising target in a sale of mobile-phone airwaves.
Fortress to Close the Novogratz $2.3B Macro Fund
17:55 - Fortress Investment Group LLC plans to liquidate its macro business run by Michael Novogratz and return funds by the end of the year, the firm said in a statement on Tuesday. Bloomberg's Betty Liu reports on "Bloomberg Markets." (Source: Bloomberg)
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