According to one of India’s most respected bankers, it’s a once-in-a-lifetime opportunity—a mammoth sale of distressed assets, some $40 billion in the first round. Much could go wrong, of course, especially given that so many powerful interests have so much money at stake in the process. Fortunately, Prime Minister Narendra Modi’s government, which has stumbled in some of its biggest ...

By making a bid to push Reliance Communications Ltd into bankruptcy, China Development Bank (CDB) has one what Indian lenders were trying their best to avoid. But now that it’s pulled the trigger, State Bank of India and other domestic creditors won’t be terribly unhappy. The Indian wireless company owes one fifth of its $7 billion debt to CDB, which organized ...

Recent developments in the media world are suddenly highlighting the takeover value of also-ran TV-network operators such as AMC Networks Inc. and Viacom Inc., just as many of their stocks trade near lows. AT&T Inc.’s pending acquisition of Time Warner Inc., the parent of HBO, has been hogging the media spotlight, with the US Justice Department suing to block the ...