Tussles in business houses are not unusual but when the battle is between the two most powerful business tycoons, the story is different. The high-profile spat between the Ambani brothers has unnerved investors and also raised concerns about their influence on the people of the country. But for the media and the public, it is a battle worth watching. In the past, the fight between their father, Dhirubhai Ambani, and Nusli Wadia had acquired the proportions of a legend. But their ongoing strife has left even the government of India shaken. It does not help either of the two brothers as they have shown an inclination towards political parties that are at loggerheads. The war has also severely dented the prospects of the energy sector in the country.
Wednesday, January 13, 2010
Brothers at war
Tussles in business houses are not unusual but when the battle is between the two most powerful business tycoons, the story is different. The high-profile spat between the Ambani brothers has unnerved investors and also raised concerns about their influence on the people of the country. But for the media and the public, it is a battle worth watching. In the past, the fight between their father, Dhirubhai Ambani, and Nusli Wadia had acquired the proportions of a legend. But their ongoing strife has left even the government of India shaken. It does not help either of the two brothers as they have shown an inclination towards political parties that are at loggerheads. The war has also severely dented the prospects of the energy sector in the country.
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