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.
Markets Pricing in Rate Cut, Despite Wary RBI Investors are betting that Finance Minister will persuade a more hawkish central bank to reduce benchmark interest rates as early as next week.
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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