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.
Alibaba Founder Jack Ma Says 'Inspired by PM Modi's Speech' Jack Ma, the founder of e-commerce giant Alibaba and who is also China's richest person, is speaking at an event organized by Indian trade body FICCI.

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