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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 โ‚น43,559 crore at the end of March 2021 compared to the companyโ€™s market capitalisation of โ‚น44,447 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 Brothersโ€”or maybe the next Silverado?โ€”echoed through the canyons of Wall Street as investors prepared for the worst.

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Created: 2019-12-11

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