Desperate Roll of the Dice on India's Distressed Dozen
Workers carry an iron pipe on their shoulders at a steel and iron market area of New Delhi. (Photographer: Prashanth Vishwanathan/Bloomberg)

Desperate Roll of the Dice on India's Distressed Dozen

(Bloomberg Gadfly) -- Fifty-six years. That's how long it would take if the one dozen companies the Indian central bank is pushing into bankruptcy were to repay creditors by handing over their enti...
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