The stand-off between Vodafone Idea and New Delhi has gripped the business world like a Bollywood melodrama. All indications suggest the government will not grant concessions to the beleaguered telecoms giant, a decision which would likely cause Vodafone to quit the country. It is a classic tale, an unstoppable force meets an immovable object. But as is so often the case, the hard-line leaves no winners.
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