October 4, 2018
The painful lessons of India’s latest corporate credit shock
Source- asia.nikkei.com India’s longest road tunnel — running for 9 km┬аunder the foothills of the Himalayas and connecting the two biggest cities in the mountainous state of Kashmir — should be a source of national pride. Instead, the debt-laden project has helped bring its backer to the brink of financial collapse and become a symbol