India’s corporate-debt problem—one of the worst in emerging markets—has been as crippling for the economy as it has been for the indebted companies. But a high-profile resolution at one of India’s most storied companies could signal a step change. Indebted Indian wireless carrier Reliance Communications is controlled by billionaire Anil Ambani since he wrestled it away from his older and richer brother after the death of their famed father, Reliance Group mogul Dhirubhai Ambani. The company, also known as RCom, announced...

Source: Wall Street Journal December 27, 2017 06:56 UTC