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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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PSD2 Challenges Leave Norway, Netherlands Playing Catch-Up

PYMNTS

Merchants in the travel industry, for instance, are dealing with a restructure in the ways payments can be made and accepted under the EU regulation. Speaking of changes to payments within the EU, merchants are about to confront a problem with a potential $100 billion price tag. Solving for SCA’s $100-Billion-a-Year Problem.

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Facebook TV Is Set To Go Live In August

PYMNTS

These partners will be producing shorter, cheaper video content at a $10,000 to $20,000 per-episode price tag, Bloomberg said , and will eventually pick up the rights to air these “spotlight” shows on their own platforms after Facebook’s exclusive rights expire.

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RBS Sued By SMEs For $1.5B

PYMNTS

The Royal Bank of Scotland is in hot water with small and medium-sized businesses, and reports on Monday (April 25) have put a price tag on those legal troubles. billion in damages from 50 small businesses on claims that RBS drove these companies to ruin through its Global Restructuring Group (GRG).

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Data Dive, Farewells Edition: Apple, Chase, SoFi, Uber

PYMNTS

billion tagged for this year and significant focus on Chase mobile and digital efforts. Last week, Uber CEO Dara Khosrowshahi announced an upper-level restructuring of Uber that will see all department heads reporting directly to the CEO. Users will also not pay any service fees that are levied alongside the basic accounts.

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Transcript: Robert Koenigsberger

Barry Ritholtz

RITHOLTZ: So late ‘80s, early ‘90s, you’re a VP for an advisory firm that leads some sovereign debt restructurings and transactions in both South America and Central America. To lead the bank’s efforts in investing in sovereign debt restructurings and to bring our clients along was a great experience. KOENIGSBERGER: Yeah.

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Transcript: Gary Cohn

Barry Ritholtz

At the time, the Mexican, after the Mexican restructuring, they had, they had Mexican bonds with an oil option embedded in them. And in the middle, we decided, which made sense to put the emerging market debt business, all, all 00:20:12 [Speaker Changed] Related currency. Made sense.

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