A red warning flag at a beach. (Photographer: Michael Nagle/Bloomberg)
It's been building for a while. First it was companies such as Sterling and Wilson Solar, VST Industries and Intellect Design Arena. Then came others like , Khadim India, Jubilant Ingrevia, Mindtree. Now even blue-chip companies are being put on notice. Asian Paints. At its June-end annual general meeting, India's largest paintmaker struggled to get public shareholder approval for its employee stock option plan. 56% of the public ins...