The company that has a retail store in Hyderabad and also sells products online in Mumbai, Hyderabad and Pune, had to shut down operations for more than 60 days due to the lockdown. It has yet to resume online sales in Mumbai and Pune.
The spec sheets are in real danger of being outdone by the swelling list of purchase offers.
With the outlook uncertain, some have even withdrawn hold ratings for stocks.
Microfinance leaders fear extended moratorium may increase stress and derail their robust credit discipline.
It can be noted that deposit rates across the system are dipping due to a combination of an interest rate lowering by the Reserve Bank of India and
“Yields were in excess of 5% for guaranteed products with maturity of 10-15 years. These products will now have to be redrawn and repriced,” said Sandeep Ghosh, financial sector advisory leader, EY.
The fund house said it has compensated the scheme for the erroneous trade.
The ongoing case between Axis Trustee and Yes is scheduled to come up for hearing in June.
Most pension fund managers follow their own investment guidelines which are stricter than what PFRDA has laid down, says PFRDA Chairman, Supratim Ba
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