Business Today
Loading...

Biz EOD: MSMEs seek govt help; JSW's acquisition plan goes haywire; OTT platforms embrace lockdown

Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report

twitter-logo BusinessToday.In   New Delhi     Last Updated: March 31, 2020  | 23:12 IST
Biz EOD: MSMEs seek govt help; JSW's acquisition plan goes haywire; OTT platforms embrace lockdown
Top stories from the world of business and economy

The industry body of MSMEs has asked the government to ensure they have cash in hand as they are facing a major liquidity crisis. JSW Steel's Rs 19,700-crore acquisition plan for Bhushan Power and Steel (BPSL) may hit another roadblock as the commodity market conditions are going haywire in the country. The winner in the entertainment industry during the lockdown will be the OTT platforms such as ZEE5, Hotstar, Amazon Prime Video and many others. Read for more top stories from the world of business and economy:

1. Coronavirus lockdown: MSMEs seeks govt help to ensure liquidity

MSMEs also seek government help in getting their outstanding dues from PSUs and other state agencies to pay salaries to their employees.

2. SBI, Canara Bank, IDBI Bank defer payment of EMIs by 3 months; other likely to follow

SBI has initiated process to defer EMIs and interest on term loan falling due between March 1 to May 31 and extend repayment period by three months.

3. Coronavirus impact: JSW Steel's acquisition of Bhushan Power to hit another roadblock

JSW Steel was supposed to make payment before March 16 for the acquisition, but it has been delayed as the former promoter Sanjay Singhal filed a petition against the takeover at the Supreme Court.

4. Coronavirus impact: ZEE5, Hotstar in a sweet spot as India on a binge-watch

Tarun Katial, CEO, ZEE5 India, says that the OTT platform's premium subscribers have gone up by over 100 per cent.

5. Coronavirus fears: 5 reasons why you need to brace yourself for lower deposit rates

The central bank has announced releasing up to Rs 1,00,000 crore through long term repo auction. There is already a scramble for pouncing on the cheap money instead of chasing deposits.

Youtube
  • Print

  • COMMENT
BT-Story-Page-B.gif
A    A   A
close