The company has been asked to invite claims within a month by issuing notice in newspapers
Ambiguity on whether investment falls under automatic route or requires govt approval
Fear of worsening credit profile, economic uncertainty, trigger investor exits
Here's how leading analysts have interpreted the development and its likely impact on the markets.
ICICI MF recently filed for an exchange-traded fund (ETF) that will track the Nifty Alpha Low-Volatility 30 Index
Most of the top spices and condiments companies in India, whether regional or national, have a range of masala mixes in their portfolio
While high NIMs put the bank's pricing power in good light, some reversal is expected in FY21 due to surplus liquidity, change in mix and a likely rise in bad loans
Warren Buffett's annual event was held online this year because of the Covid-19 pandemic. Many tuned in to watch and listen, though some wished they could have been there.
State Chief Minister Palaniswami says industries from the US, Japan, South Korea, Singapore and Taiwan are planning to shift operations to countries like India
Educated in Mumbai, where his father worked on Dalal Street, Damani dropped out of college after studying commerce for a year.
Impact on FMP investors from 'standstill' pact with Essel group put fund house in scrutiny
The spread of Covid-19 and the accompanying mayhem caused the S&P BSE Sensex to drop over 38.5 per cent from its all-time high of 42273.9 to a low of 25981.2 on 23rd March.
The market sell-off has already captured a lot of bad news in the price. Businesses now trade at book value (BV) or significantly lower, which limits their downside
Companies have reached out at a higher rate than before to assuage investors
Some start-ups are also considering salary cuts, especially at the senior levels, says Gopalakrishnan
Those with investments in most-affected sectors such as hospitality, airlines seek closures, other consider a pause
Since the duration of securities they invest in is so low, these funds carry negligible duration or credit risk. They are hence the safest category among debt funds
For those who don't have adequate investments, taking a bridge loan to service EMIs may work
The 10-year bond yields closed at 6.38 per cent
The market capitalisation of BSE-listed companies dropped by Rs 6,25,501.8 crore to Rs 1,23,00,741.02 crore in the opening trade