Some of the most important companies in India are facing serious trouble and it just reflects the management issues and economic slowdown peering upon the big companies.
Last year, we saw a key non-banking financial company, Infrastructure Leasing & Financial Services (ILFS) crashing down. The earliest private airline company, Jet Airways closed its shutters down. Anil Ambani’s Reliance Communication filed for bankruptcy. Most recently, Dewan Housing Finance Corporation (DHFL) is facing survival blues.
about 1 years ago