What India Inc can learn from Taj Mahal or Time Warner

The above are simple truths, observable to anyone who cares to think a bit about what the history of capitalism and governance tells us. It's of course not the case that businesses don't self-destruct by peculiarly excessive attention to their balance sheet. Think of highly leveraged financial firms which made huge bets on what were essentially bad house loans - these firms were principal actors of the financial crisis. 

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