Sometimes it feels like, wherever I go in the world, local businessmen have a story to tell me about one of their peers who has lost big money in India. This week, I have a story to tell them in return -- one that may make everyone feel a bit better.

QuickTake India's Aspirations These hard-luck stories are particularly common in the sort of countries that are sitting on big, investible pools of capital -- places like the United Arab Emirates, Scandinavia or Japan. In Dubai, they remember that the real estate company Emaar Properties PJSC ran into trouble in a joint venture ...