Rediff.com:
The biggest corporate news today in India is that the sibling war in the Reliance group has ended. Reliance is India’s largest private sector industrial group, and is the only Fortune 500 company from the country. What is relevant to us is that Reliance Infocomm, the telecom business of the group, will now be controlled by the younger brother Anil Ambani (in the pic, right). Interestingly, Infocomm is elder brother Mukesh Ambani’s baby, which he has now given away to Anil. It needs to be seen how Infocomm, which has some 10 million mobile customers, will now act in the marketplace…and whether Anil understands the business at all.
Related: The Full Coverage Of The Reliance Feud
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