India’s key equity benchmarks closed at a record high even as investors assessed the impact of lockdowns on businesses, which have now begun to gradually reopen as the pace of coronavirus infections slows.
HCC
HCC Stock Headed For Record Drop As Unit Defaults
Gold Silver Reports (GSR) – HCC Headed For Record Drop As Unit Defaults – Shares of the Mumbai-based infrastructure construction firm fell as much as 24.2 percent and is headed for steepest single-day loss since Jan. 1991 listing after unit. The company’s unit, Lavasa Corporation Ltd., is considering a resolution plan for its outstanding debt and is in the process of restructuring bonds after a payment default.