Road construction takes place near the IL&FS building, one of India’s leading infrastructure-development and finance companies, in Mumbai, India. (Photographer: Abhijit Bhatlekar/Bloomberg News)

IL&FS Transportation Networks Defaults On NCD Payments

IL&FS Transportation Networks, a group company of the troubled IL&FS Group, has defaulted on payment of Rs 20.91 crore due on principal and interest of non-convertible debentures because of...