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From Ranbaxy Singhs to Flipkart’s Bansal, why finance is proving to be quicksand

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Finance is probably the easiest business to run – take deposits at X% interest rate, lend it at X plus % and pocket the difference. That’s as far as the theory goes. The reality, indeed, is a lot harder. For some deep-pocketed entrepreneurs, finance has turned out to be Waterloos. Money made from running a variety of businesses was lost in what appeared to be child’s play – at least on paper. A contract is the foundation of every business, but

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