The filing cites a collapse in the oil price and the coronavirus pandemic, which has hammered oil demand and pushed up costs for HLT, one of Asia's largest oil traders.

As the global crisis situation really deepens and the Indian lockdown really continues the companies are expected to be in deeper trouble and stressed assets are also expected to loom large. Now at a time when the banks as well as the NBFCs could be saddled with huge amount of asset quality deterioration there needs to be more forms of funding’s and investors coming in to really help these ailing companies. The specialised area or the pocket of investors for stress funds which is a special situation funds could really play a big role in that.

In a bid to help the poor affected by the coronavirus lockdown in the country, Reliance Foundation has started Mission Anna Seva to provide 3 crore meals to those in need.

The coal ministry also announced that no performance incentive shall be levied on power consumers if CIL supplies more than the upper limit of fuel supply agreement (FSA).