Greensill Insolvency Cautionary Tale for Indian Fintech-Prof (Dr) Manoj Joshi , Suhayl Abidi , Dr Aseem Chauhan – BW Businessworld

Our memory is short and lessons from the past may not always ward off the doom. This is especially true of the VUCA environment we live in, that is Volatile, Uncertain, Complex and Ambiguous. Repeatedly we witness, overconfident and over enthused entrepreneurs erupting on the business stage with their disruptive but complex business models and…

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Restructuring 2.0: RBI Starts Groundwork To Support Retail And MSME Borrowers – BloombergQuint

Apr 30 2021, 1:08 PMApr 30 2021, 1:18 PMApril 30 2021, 1:08 PMApril 30 2021, 1:18 PM The Reserve Bank of India has started discussions with the Indian Banks Association for a possible extension of the one-time restructuring scheme announced last year to support borrowers through the Covid crisis. While the schemes have closed, bankers…

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Don’t Miss UK company insolvencies fall to lowest since 1989 – Global Banking And Finance Review

By David Milliken LONDON (Reuters) Company insolvencies in England and Wales fell to their lowest level in more than 30 years during the first three months of this year, as government support measures helped businesses hit by the coronavirus pandemic to ward off bankruptcy. Britain suffered its sharpest fall in economic output in more than…

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Motherson Sumi Systems gets shareholders nod for proposed restructuring – Business Standard

Auto components major Motherson Sumi Systems Ltd (MSSL) on Friday said its public shareholders have voted in favour of its proposed group restructuring under which it will demerge its domestic wiring harness (DWH) business into a new company that will eventually be listed. As part of the restructuring which was announced in July last year,…

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