Fears that Reliance Communications Ltd may have defaulted on bond payments seem to have sunk the firm’s dollar bonds on Tuesday. But the company is not alone in facing troubles relating to repayment of debt. The proportion of debt held by Indian companies unable to meet their interest obligations has risen to its highest level since the global financial crisis of 2008, a Mint analysis shows. The analysis is based on balance-sheet data of 316 non-financial BSE 500 companies for the fiscal year ended March 2017.

(Live Mint)