For Vodafone, Big Relief in Rs 3,200-Crore Tax Case Separately, Vodafone is contesting a Rs 12,000 crore tax demand over its acquisition of Indian mobile operations in 2007 from Hutchison Whampoa.
Moody's Pegs Rating Revision to Speedy Reforms All the three big international rating agencies such as S&P, Moody's and Fitch have 'BBB' ratings on the country's sovereign with a stable outlook.
Rajan Says Taxpayers Pay for Promoters' 'Riskless Capitalism' Reserve Bank Governor Rajan has come down heavily on large defaulters for continuously eroding the "sanctity of the debt contract" in the country.

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