Share price of HDFC Asset Management Company rose up to 7.96%  to Rs 2,618 intraday, and Nippon Life India AMC stock gained up to 13.66% to Rs 245 on BSE

\"I welcome the RBI's announcement of a Rs 50,000 crore special liquidity facility for Mutual Funds. I am glad that RBI has taken note of the concerns expressed two days ago and requesting prompt action,\" Chidambaram tweeted

Reserve Bank of India, under a special liquidity scheme effective from today, has announced Rs 50,000 crore liquidity support for mutual funds. Financial stocks-Axis Bank, ICICI Bank and IndusInd Bank surged by 6 per cent on BSE after the RBI's announcement. The announcement came four days after US-based Franklin Templeton closed its six credit fund schemes. Also Read: Franklin Templeton crisis: RBI rescues mutual fund industry yet again; thrice in little over a decade

Unlike 2008 and 2013, the Covid-19 is not a financial crisis yet, but it could become one if there is a chain reaction of defaults in the corporate sector

RBI says it'll take all steps that are necessary to mitigate economic impact of COVID-19 and preserve financial stability; funds availed under the scheme will be used by banks exclusively for meeting the liquidity requirements of mutual funds

With US-based Franklin Templeton  Mutual Fund closing its six credit fund schemes effective from April 23, 2020, liquidity shortage in the Indian capital markets has become evident

Franklin Templeton: The fund house has not given any clear indication about the possible timeline within which it will liquidate all its investments and return investors' money

Coronavirus impact: Franklin Templeton's decision to close six funds comes as liquidity dries up in the Indian financial system. Chidambaram said that the closure of the funds was of grave concern

Association of Mutual Funds in India (AMFI) said on Friday debt schemes of most mutual funds had \"superior credit quality\" and were \"fairly liquid\"

The consumption of the beverage is unlikely to be affected in future, and there is \"a possibility of increasing exports to China\"

Employees of CIL have voluntarily contributed one day's salary, which amounted to Rs 61 crore, and the miner donated an amount of Rs 160 crore from its corporate social responsibility corpus to 'PM CARES Fund'

Most of the corporates are hopeful of government assistance, but they aren't solely banking on it, with no clarity yet on the amount of package and the date of the announcement, most companies have started working on their future plans

Coronavirus lockdown: Shops will have to open with 50 per cent staff and the workers will have to maintain all social distancing measures, including mandatory use of masks; this order is not applicable to shopping complexes and malls

Taking care of employees, who have proven to be the backbone of essential services in crisis times, is good for business too

Xiaomi retained its hold at the top of the pie with a 30 per cent share, which was its highest market share since the first quarter of 2018

As per the fund house, 'there has been a dramatic and sustained fall in liquidity in certain segments of the corporate bonds market on account of the COVID-19 crisis and the resultant lockdown of the Indian economy which was necessary to contain the pandemic'

While banks are not sharing the details of the common approach to be followed by all banks, insiders say there could be a need for standard margin requirement by all banks

All the UberMedic cars being provided to the Delhi government are being fitted with a roof-to-floor plastic sheeting enclosing the driver, thereby limiting the contact with the rider

FTMF stunned all by deciding to shutter operations of six schemes with assets under management of more than Rs 25,000 crore late Thursday evening, citing redemption pressures and market volatilities in wake of the COVID-19 pandemic

Financial stocks contributed to more than half the losses on index with Bajaj Finance, Bajaj Finserv, HDFC, M&M Financial Services, Cholamandalam Investment and Finance ranking among the top losers on both BSE and NSE.