His son's father: How Mukesh Ambani has re-invented Reliance yet again

The govt matters less in brand and tech businesses, where consumer preferences and the building of a franchise are autonomous of policy, though policy does help in some ways, writes T N Ninan

It used to be said, with some truth, that what was good for General Motors was good for the US of A. In India, the equivalent comment (rather less truthfully) used to be that what was good for Birla Brothers was good for the country. That is history. GM now sells more cars in China than in its home market, and the Birlas have fallen apart, their pride of place taken by Mukesh Ambani.
 
Mukesh’s deals over the last month have made headlines around the world — five stake sales in Jio Platforms, a Reliance Industries subsidiary, have netted