Ambani, Adani on collision course and the deepening rot in discoms

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Editor's note: This is Street Smart, The Morning Context’s weekly newsletter on everything that impacts corporate India. Every Thursday, Street Smart will bring you an original, reported or analytical take on issues that have the potential to shake up the business ecosystem. This is Surendar. Mukesh Ambani and Gautam Adani have so far avoided squaring off, each building his own behemoth of a business. But not anymore, if one goes by the announcements of the last one week. Another important development got scant attention. The Centre invoked a tripartite agreement to recover dues from state power discoms. Prince and Advait underline its importance. But first, the fight that could shape the narrative of India Inc. in the years to come. Turf battle looms In recent weeks I have begun to wonder if two of India’s wealthiest and powerful entrepreneurs - Gautam Adani and Mukesh Ambani - could be on a collision course. Thus far, the two have had few common business, as if to avoid one another, but a bunch of new plans are putting them on common turf. Earlier this week, …