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Bajaj Hindusthan sugar proposes second restructuring plan

CFO News

Delays in payments had meant the account was tagged as NPA in the fourth quarter of last fiscal. The company owes a group of 10 lenders led by State Bank of India (SBI) a total of ₹4,900 crore. However, the company cleared its outstanding dues in the last three months and has proposed a fresh payment schedule to banks.

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Wearables Like Apple Watch Outsell Entire Watch Industry

PYMNTS

Revenue for Apple’s wearable division topped $10 billion in net sales in the December quarter, a near 27 percent year-on-year increase. Apple said last year that over three-quarters of Apple Watch buyers were new to the product. . Tag Heuer, for example, has released several smartwatch models, including one that costs $180,000.

Sales 56
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Apple iPhone X Gets Production Cuts As Demand Slows

PYMNTS

Eyeing weak demand, tech giant Apple has cut production for its iPhone X planned for the current quarter. The iPhone X sports features such as facial recognition technology and has a $1,000 price tag, higher than competing devices. percent for the December quarter. percent for the December quarter.

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Super Apps Rising: Mobile Drives Digital Payments Uptick In Pakistan

PYMNTS

The conversation came against the backdrop where i2c announced a partnership with TAG, to launch a super app that provides instant payments capability to Pakistan’s unbanked adult population, which at present numbers about 100 million individuals. To that end, Amir Wain , CEO of i2c Inc. It will happen.”.

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NCR’s Cardtronics Bid – And The Rise Of Self-Service Banking At The ATM 

PYMNTS

As noted in this space over the weekend, there already exists a preliminary agreement between Cardtronics and the investment firms, but the higher price tag offered by NCR will likely spark a re-examination of a deal. That comes as the total number of banks has declined across the U.S. by 7 percent, as measured through the past half-decade.

Banking 57
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Jessica Alba’s Honest Company Faces A Down Round

PYMNTS

The big price tag on Honest Company, however, is as much a limitation as it is an honor. About a year ago, the firm was in negotiations with Unilever about a potential partnership or acquisition, but that price tag pushed them instead to grab up competitor brand Seventh Generation for $600 million. So, is Honest no longer a unicorn?

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Amazon Launches First Physical Store In MA

PYMNTS

And digital price tags with every product show both the Prime price and list price. In the most recent quarter, Amazon’s Physical Stores division accounted for $4.3 Customers are also able to test out Amazon devices, along with smart home accessories that work with Alexa. The Amazon app can also be used to pay for items in the store.