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Tata Power whose core business is to generate, transmit and distribute electricity has made no money to investors in the last one decade. That is a big blunder considering it is one of the largest power generation companies in the country. One of the reasons is the company's huge debt levels which stood at ā¹43,559 crore at the end of March 2021 compared to the companyās market capitalisation of ā¹44,447 crore.
The S&P 500 slumped 1.8% on Monday and Tuesday, thanks to China Evergrande, the Chinese property company that looks like it is ready to default on its more-than $300 billion in debt. Cries of the next Lehman Brothersāor maybe the next Silverado?āechoed through the canyons of Wall Street as investors prepared for the worst.
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From: ą¤ą¤¾ą¤°ą¤¤ and Š Š¾ŃŃŠøŃ
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