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SumanSpeaks Capital Markets & Geopolitical Intelligence · Estd 2006 Governance · Regulatory Risk Reliance Power: When Legal Clouds Gather Over Market Euphoria ₹20,367 crore attached across the Reliance Anil Ambani Group. A ₹68.2 crore fake bank guarantee at the centre of it. A former CFO in custody for ten months and counting. And a stock that's still down more than half from its 52-week high even after a sharp rally. The market is pricing the turnaround. The Enforcement Directorate is pricing the history. Both can't be right forever. Reliance Power Ltd (₹24.07) has genuinely turned a corner operationally over the past two years — debt reduction, a growing renewable and BESS order pipeline, and periods of sharp investor re-rating. That part of the story is real and deserves credit. But sitting underneath that story is a live,...
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Buffett, Anil Ambani betting big on US economy:
New York:Amid the worsening financial crisis in the US, business publication Forbes has named legendary investor Warren Buffett and Indian billionaire Anil Ambani among the world's richest business people who are investing heavily in the American economy.
The US publication Forbes has drawn up a list of the wealthiest people investing huge sums of money even as the American President feels the country's economy is in danger.
"The world's wealthiest business people are still wheeling and dealing even as President Bush warns 'our entire economy is in danger'," the magazine said.
Other names in the list are Hollywood director Steven Spielberg (networth USD 3.1 billion), American fund manager John Paulson (USD 4.5 billion), Hong Kong billionaire Li Ka-Shing (USD 26.5 billion), Russia's Alexander Mamut (USD 1.2 billion) and Mikhail Prokhorov (USD 19.5 billion), Thailand's beverage tycoon Charoen Sirivadhanabhakdi (USD 3.5 billion) and Mexican magnate Carlos Slim Helu (USD 60 billion).
Last week, Buffett (networth USD 50 billion) surprised the Wall Street after deciding to invest five billion dollars into Goldman Sachs at a time when the country saw the fall of Lehman Brothers and distressed sale of Merrill Lynch, among others, deepening the financial turmoil.
Ambani, who has a networth of USD 42 billion is named along with Spielberg for their American film venture. The Indian billionaire's Reliance Entertainment is pumping in about USD 500 million into the venture.

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