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

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.