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A $16-bn loan book is making India's biggest private lender tense

India’s most valuable lender by market capitalization decided against proceeding with an earlier proposal to extend the employment of ...
The Economic Times
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| 13 July, 2020, 11:19 AM IST | E-Paper
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    • For the print media segment, circulation revenues were adversely impacted by around 40 per cent on year-on-year (YoY) basis in April 2020, amid distribution challenges due to the on-going lockdown restrictions.

      The minister told office bearers of the Indian Broadcasting Foundation (IBF) on Friday that he will consult with the Telecom Regulatory Authority of India (Trai) on changes in the tariff order and its recommendations on the rating agency BARC India.

      Executives across broadcasting companies as well as production houses have confirmed to ET that commercial teams of TV channels have initiated informal discussions with producers, asking them to reduce the cost by 20-40%.

      ​​NBA president Rajat Sharma, in a letter to Sitharaman, said in order to ensure social distancing and for ensuring the safety of the editorial personnel, the news broadcasters have had to take various steps which have resulted in the operating costs going up exponentially during the COVID-19 pandemic.

      With sports and entertainment events shut down worldwide amid the coronavirus pandemic, WWE wasted no time after Florida’s emergency management director confirmed it provided an essential service — along with hospitals, firefighters, grocery providers and mental health care workers.

      The very survival of small television networks and free-to-air (FTA) channels is at stake after the advertising slump due to Covid-19 pandemic delivered a crippling blow to their cashflows, and with costs mounting every day, the liquidity crunch has now begun hindering their day-to-day operations.

      The government on June 29 banned 59 apps with Chinese links, including hugely popular TikTok and UC Browser, saying they were prejudicial to sovereignty, integrity and security of the country.

      Ghosn wired the money in two installments to Promote Fox LLC, a company managed by Peter Taylor and one of his brothers, the government said in a Tuesday court filing. Taylor and his father, ex-Green Beret Michael, were arrested by US authorities in May at the request of the Japanese government.

      “There is definitely a need for a level playing field amongst the different media, but level playing field will not mean that we bring everybody under a very heavy regulatory structure. In fact, during the last six years of the present government, the entire focus has been on ease of doing business and on having less but more effective regulation,” Khare said.

      In a letter to all broadcasters, DTH providers, multi-system operators (MSOs) and local cable operators (LCOs), I&B ministry urged them to continue to provide uninterrupted services to their subscribers and cooperate with other players within the distribution chain in the interest of the viewers and larger public safety in these "difficult times".

      The extension was applicable from June 15, the order said, or until a regular chairperson was appointed. He took over the appellate tribunal as acting chairperson on March 15, after Justice SJ Mukhopadhaya completed his term in the office. Bhat was first appointed as a judicial member of the NCLAT in October 2017.

      In a letter to Prime Minister Narendra Modi, Congress president Sonia Gandhi made various suggestions for fighting COVID-19 including imposing a "complete ban on media advertisements - television, print and online - by the government and Public Sectors Undertakings (PSUs) for a period of two years".

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