Indian Tycoon Tries To Soothe RelComm Investor Fears
Indian billionaire Anil Ambani insisted Friday that debt-saddled Reliance Communications had a bright future as he moved to reassure investors who are worried that the telecoms company is close to defaulting on loans. The 57-year-old tycoon, whose telecommunications business is being squeezed by his brother’s own mobile network venture, made a rare address to the … Read more