Re:Facebook Takes $5.7B Stake in India’s Jio
by vegiraghav on Wednesday April 22, 2020 @01:01AM
(#22942375)
Well Mukesh Ambani with a net worth of $50 billion, is the son of Dirubhai Ambani. Like father son too has all political parties in his pockets, be it the congress or BJP or other parties in India.
Word is since Modi didnt coorperate in something with Mukesh, he literally sabotaged an alliance they had in the state of Maharashtra, to screw Modi's party over and stiched up an alliance of political rivals.
[ Parent
| on HN ]
Re:Facebook Takes $5.7B Stake in India’s Jio
by blueblisters on Wednesday April 22, 2020 @01:38AM
(#22942595)
It's one thing of accusing him of cronyism. It's another to accuse him of swaying elections for political convenience.
Re:Facebook Takes $5.7B Stake in India’s Jio
by mayankkaizen on Wednesday April 22, 2020 @05:41AM
(#22943813)
Practically everyone would believe this story in real life. Such is the image of Mukesh Ambani in India.
He is not Warren Buffett type of billionaire, that is for sure.
Re:Facebook Takes $5.7B Stake in India’s Jio
by newyankee on Wednesday April 22, 2020 @02:32AM
(#22942860)
Dhirubhai Ambani practiced Jugaad, something which was necessary in license permit Raj. Even average Indians understand the nuance in this and how difficult it was to conduct business in that era.
Re:Facebook Takes $5.7B Stake in India’s Jio
by intended on Wednesday April 22, 2020 @02:43AM
(#22942913)
Let’s not call it jugaad. It was corruption and a lesson on how stupid laws force people to find an illegal way to do things that should be legal.
The reason reliance gets shit though is not because of corruption - Reliance is fundamentally a predatory firm.