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.
ITC Gains; Analysts Say Cigarette Restrictions Hard to Implement Shares in India's largest cigarette maker had fallen yesterday after the government accepted tough tobacoo measures such as banning the sale of loose cigarettes.
State Lenders Face Tough Sell on Capital Raising Plan With their asset-quality deteriorating and credit demand slackening due to a sluggish economy tapping the capital markets won't be easy for them.

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