Business Today

Fear In The Financial System

The general nervousness is because of a chain of events that started with the first Infrastructure Leasing & Financial Systems debt default that took place in June last year.

The Indian corporate bond market is jittery. Debt mutual fund managers are also feeling the heat. And the commercial paper market has almost dried up. The general nervousness is because of a chain of events that started with the first Infrastructure Leasing & Financial Systems (IL&FS) debt default that took

You're reading a preview, sign up to read more.

More from Business Today

Business Today4 min read
Crunch Time
It's been a tough year, not just for the economy, but for India Inc. too. As the economy wades through a longish slowdown, India Inc. appears to have strengthened its resolve and tightened its belt. Total income of BT 500 companies rose 16.4 per cent
Business Today2 min read
Smart And Good Looking
A water purifier is an essential kitchen appliance, but not many companies have thought of making it smart and sleek. Xiaomi is an exception, though. It has come up with a connected gadget that works smart and looks flaunt worthy in matte white. But
Business Today3 min read
Hope over Despair
Just as Business Today has assiduously chronicled the rise and fall of India Inc year after year, this edition of BT 500 in your hands has a legacy that dates back 27 years. Such a long horizon not only tests robustness of businesses and longevity of