IL&FS Financial Services Misses Loan Repayments Due this Month

IL&FS is a major Indian infrastructure finance and construction company, which has built up big debts and is now facing a credit crunch. As a result, Indian authorities are trying to calm market fears that IL&FS's troubles could trigger a crisis in the wider non-banking financial sector.

from Top Business News- News18.com https://ift.tt/2NO7ic0