Bhai-Bhai And DhiruBhai
A fit case of washing dirty linen in public. And these are the scions of the Ninety Nine Thousand crore group, Reliance, the company that touches more people in India than others.
I had cast my doubts about Mukesh Ambani earlier. And with what I have seen of him lately, I can safely state that he has lived up to my expectations.
Today, the share markets are literally swayed by the two giants - Reliance and Infosys. One false step, and thousands of crores of market capital can be lost in an hour's trading. That's what happened on Monday. One casual remark by Mukesh to a CNBC correspondent, and hell broke loose.
Now the ugly side of this family spat. No sooner did the board of directors appoint Mukesh the sole decision maker as far as financial decisions are concerned than, he ordered the postponement of the gas supply to Reliance Energy's proposed gas based power plant at Dadri.
Experts are convinced that this plant will be a money spinner for Reliance, as electricity devoid Delhi, Uttar Pradesh and Madhya Pradesh are big markets. Not only that, it will bring light to lakhs of homes, who are forced to live in darkness.
In contrast to that, Mukesh Ambani has diverted funds to the tune of Ten Thousand and Five Hundred crores to badly doing Reliance Infocomm from the parent company. No prizes for guessing why.
Everyone knows that the energy project at Dadri is a brain child of Anil. It's an economically viable, futuristic project, which as Mukesh would like to believe, is not a White Elephant. On the otherhand, Reliance Infocomm is Mukesh's brain child. After a great start, it's doing miserably all over India, except Uttar Pradesh.
The service is bad. People are fooled with the schemes, and most of the times schemes are changed midway. The ugliest part is that bill retrieval is nothing short of extortion. The only reason they are doing good in Uttar Pradesh is that because currently this state fastest growing cellphone market in India.
So it's plain to all and sundry that Ambani senior is working with jealousy, and not enterprise. Anil no doubt feels stifled and cheated. What Mukesh should realize that in present situation, consumer is a king and since they are late in infocom business, the age old Dhirubhai strategy of monopoly and arm twisting won't work.
And it certainly won't work with your own brother. Split is imminent. Dhirubhai did a big mistake dying intestate.
I had cast my doubts about Mukesh Ambani earlier. And with what I have seen of him lately, I can safely state that he has lived up to my expectations.
Today, the share markets are literally swayed by the two giants - Reliance and Infosys. One false step, and thousands of crores of market capital can be lost in an hour's trading. That's what happened on Monday. One casual remark by Mukesh to a CNBC correspondent, and hell broke loose.
Now the ugly side of this family spat. No sooner did the board of directors appoint Mukesh the sole decision maker as far as financial decisions are concerned than, he ordered the postponement of the gas supply to Reliance Energy's proposed gas based power plant at Dadri.
Experts are convinced that this plant will be a money spinner for Reliance, as electricity devoid Delhi, Uttar Pradesh and Madhya Pradesh are big markets. Not only that, it will bring light to lakhs of homes, who are forced to live in darkness.
In contrast to that, Mukesh Ambani has diverted funds to the tune of Ten Thousand and Five Hundred crores to badly doing Reliance Infocomm from the parent company. No prizes for guessing why.
Everyone knows that the energy project at Dadri is a brain child of Anil. It's an economically viable, futuristic project, which as Mukesh would like to believe, is not a White Elephant. On the otherhand, Reliance Infocomm is Mukesh's brain child. After a great start, it's doing miserably all over India, except Uttar Pradesh.
The service is bad. People are fooled with the schemes, and most of the times schemes are changed midway. The ugliest part is that bill retrieval is nothing short of extortion. The only reason they are doing good in Uttar Pradesh is that because currently this state fastest growing cellphone market in India.
So it's plain to all and sundry that Ambani senior is working with jealousy, and not enterprise. Anil no doubt feels stifled and cheated. What Mukesh should realize that in present situation, consumer is a king and since they are late in infocom business, the age old Dhirubhai strategy of monopoly and arm twisting won't work.
And it certainly won't work with your own brother. Split is imminent. Dhirubhai did a big mistake dying intestate.
posted by Unknown at 11:22 AM
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