Anil Ambani Tuesday escaped a three-month prison term after his elder brother Mukesh Ambani agreed to repay money Reliance Communications owed to Ericsson’s local unit.
Ericsson snagged a sweet deal by exploiting RCom’s initial reluctance to enter in-court bankruptcy, and then getting a jail risk for Anil Ambani thrown into the mix.
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
The could have sold reliance Ltd shared,was it?