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They don't understand the finances as well, debt is not associated with a very negative notion and people in India feel that burden to repay it, but it's actually beneficial for the corporates to take loan and I believe this thinking is also changing amongst the new entrepreneurs
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Top 15 Failed or Declined Indian Companies 👇 1. Kingfisher Airlines (2012) Cause: Heavy debt, poor financial planning, failed merger with Air Deccan. 2. Satyam Computers (2009) Cause: Major corporate fraud involving falsified accounts worth ₹7
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