I don’t sip lukewarm coffee while I swirl my way through corporate filings at a news desk full of crap. If I did, of course, and if I were a 28-year-old financial editor on the trail, the first thing that would come to mind would be to dispatch the rumor you just brought me. This must be put into perspective. There is no factual evidence available to indicate that Mukesh Ambani is coming to the rescue of his younger brother in his current insolvency issue, as a personal guarantor.
A Reality Check on the Big Brother Bailout
No point beating around the bush. Rumors of Asia’s richest man entering the country by parachute to save his sibling are just rumors. Perhaps they are rooted in a mistakenly nostalgic sentiment. Or maybe, people are…