BENGALURU: Liquidity will be key for companies to survive post the covid-19 crisis and their valuations will undergo a drastic change, HDFC Ltd chairman Deepak Parekh said on Tuesday.
Parekh also said startups will need to stop burning cash as India witnesses an unforeseen situation. “...We are facing disruptions and dislocations like never before.
What we don’t have clarity on is when things will get better. I would guess in May, we will be able to start operations. But there is a lot we don’t know and that’s causing anxiety," Parekh said in a webinar organised by real estate industry body Naredco.
India, being a service driven economy and not primarily a manufacturing country, certain sectors such as banks, online delivery companies and