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castevictim | 5 years ago
That's naive at best.
It's no secret that Billionaires have their way anywhere in the world, especially in India where inequality is enforced, armored with the caste system. So, an Entrepreneur belonging to high caste, heading a company (Infosys, TCS etc.) has far less hurdles than a lower caste individual whose even the right to education via the reservation system would be questioned at every step of their life.
That said, Reliance - BJP nexus is nothing like India has seen before, so the political favors received by the Mittals, Tatas, Birlas pale in comparison. Details in other comment replies.
>The investments gave a much needed sigh of relief for the Reliance group of companies and their bondholders.
It was not like Jio was struggling for survival, which loads of other companies and millions of Indians do at this pandemic. Govt.'s answer to them? Get a loan from the Bank(Which none of the Banks are willing to give, even farmer gold loans have been halted in several states).
Where else have we seen global competitors who are fighting neck and neck in different markets invest in a single company which hasn't proven anything else other than undercutting competitors with inferior technology? Only thing which makes Reliance-Jio different from any other companies in India are its political influence and that is why these global players are rushing to invest. That and the wretched data.
cocoland2|5 years ago
https://economictimes.indiatimes.com/industry/telecom/teleco...
P.S. The house always wins , does not matter who is at the centre. The little one Ambani was super close to the Congress (Ambani - Amar singh - SP - Congress) to be clear. He lost a truck load of money.