Business Standard

Top headlines: Extended financial year recommended, surge in premium views

From Indian IT firms unlikely to layoff employees, ads in sports industry on the decline to rural wages set to take a hit, Business Standard brings you top headlines of the day


A municipal corporation worker sprays disinfectant inside a bank as a preventive measure to contain the spread of coronavirus in Vijayawada. Photo: PTI

BS Web Team
Coronavirus shutdown puts Rs 15-trillion debt at risk, to impact finances

Nearly Rs 15 trillion, more than half of all borrowings by non-financial companies are in the danger zone due to the coronavirus (Covid-19) lockdown and its adverse impact on corporate finances in the coming quarters. 201 non-financial listed firms are likely to face sharp decline in financial status in the first of the follwoing financial year (FY21). Some of the top indebted companies likely to face financial headwinds in the coming quarters include NTPC, PowerGrid, Tata Steel, Adani Power, JSW Steel, UPL, and Steel Authority of India.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 30 2020 | 8:34 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to