Big brother´s bailout doesn´t mean Anil Ambani is out of the dumps
(WorldNews Asia)

An eleventh-hour bailout from elder brother Mukesh Ambani may have helped him stave off a jail term, but Anil Ambani has many more battles to fight. Late on March 18, bankrupt Reliance Communications (RCom) said it had made a payment of $80 million (Rs547.86 crore) to the Swedish telecom equipment maker Ericsson, a day before a supreme court deadline ended. In a statement, RCom chairman Anil Ambani thanked his brother, India’s richest person and chairman of the oil-to-retail conglomerate Reliance Industries, for stepping in. My sincere and heartfelt thanks to my respected elder brother, Mukesh, and...