For a large section of people, particularly the salaried class, debt is unavoidable. However, borrowing irresponsibly can land you in trouble.
Telecom debt is a worry for India’s finance sector
Declining fortunes of telecom operators and their increasing vulnerability with chances of spillover to the financial sector is a cause of worry, according to a leading think-tank.
Anil Ambani’s Reliance Group repays ₹35,000 cr
Reliance Group Chairman Anil Ambani on Tuesday said that the Group has cleared debt amounting to a staggering Rs 35,000 crore in the last 14 months.