Wednesday, May 9, 2012

Vodafone tax liability seen at around Rs 20,000 crore says RS Gujral

The government is in no mood to cut Vodafone any slack. In an interview to CNBC-TV18, the finance secretary RS Gujral said that the earlier tax order to Vodafone stands validated by the fin bill  he added that Vodafone's liability is seen at around Rs 20000 crore.

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Reliance Industries Limited increases USD 2 billion loan backed by Euler Hermes

Reliance Industries Limited (RIL)  has signed a USD $ 2 billion equivalent loan with nine banks covered by Euler Hermes Deutschland AG earlier this week in Germany.

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