In a good news for Yes Bank investors, shares of troubled private lender surged after the management told analysts that a sale of the founders' stake in the lender was the reason behind the tumble in its stock price. In another major development, Pakistan Army Chief privately met top business leaders to find ways to bolster the economy. And former finance minister P Chidambaram moved Supreme Court seeking bail in the INX Media case.
Here are all the important stories of the day:
YES Bank surges 34% after 43% decline in one week
Shares of YES Bank surged 34