HDFC’s share price has fallen around 35 per cent in the wake of the Covid-19 crisis, making it an attractive investment. ShutterstockIn a move clearly targeting cash-rich Chinese companies, the government has ruled that “countries with a land border with India” will need a government green signal for all investments in this country. HDFC’s share price has fallen around 35 per cent in the wake of the Covid-19 crisis, making it an attractive investment. The government’s Press Note 3 attempts to clumsily conceal its intent by not naming China. The press note leaves several grey areas that could cause considerable problems going forward.

Source: The Telegraph April 18, 2020 18:00 UTC