Happy New Year everyone. As head of the largest falling business empire in market capitalisation has come bac from the East and Tata Airlines to my father's group of companies, I have organised one little reunion with ( no, not my little brother) the one that matters the most tome and I knew of. 

Mukesh Ambani has taken up the $250 mln debt ( We are transferring a lot of idiopathic drivel to sanity courses with 1$ =  Rs 60 USDINR=X at 60 will likely overshoot the final average rate for the rupee this year we hope and it also gives us time to think and strategise, to plan the year and get readers more reason to ccontribute to us. 

The $250 mln investment will alow Reliance media efforts to come out of the gray zone to some extent with new brands pretty usurius to build even  in Big bad Mumbai. India can do with a strong industrial group coming together and if Mukesh Ambani is able to put his act together after whatever component of the $8.8 bln development costs are paid back to him by DGH/ MOFPET

Earlier Ambani in his true bludgeoning self had kicked himself repeatedly with shadow investments in his telcos apart from the misadventures of younger bro's RCOM expansions and RMEDIA expansions in at best shady ventrues without admissions or taints of corp governance and administration, easily run from the BErmudas if so willed. Mr Mumbai Indian in the meantime has been singularly helpin gthe banking sector avoid too much correction in India during the bear run, absorbing more Bear points than a Canadian grizzly bear on each rough day at the markets. 

Posted via email from The India Investment Post