Ambani may still want Zee, and India’s embarrassing power crisis

Mukesh Ambani’s Reliance Industries was in talks to buy Zee. It may have not “proceeded” with the talks, but there are enough reasons to believe that Ambani cannot do without Zee. Separately, India’s power sector is going through an unprecedented shortage of coal. A shameful situation for a coal-rich country like ours. Who is to blame?

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Surendar here. First there was the rumour, then an insinuation and finally the confirmation. Mukesh Ambani’s Reliance Industries was in talks to buy Zee. It may have not “proceeded” with the talks, but there are enough reasons to believe that Ambani cannot do without Zee. Separately, India’s power sector is going through an unprecedented shortage of coal. A shameful situation …

Author

T Surendar

Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.

Executive Editor

surendar@mailtmc.com

Mumbai

Author

Prince M. Thomas

Prince leads the newsroom at The Morning Context as managing editor. A fascination with the written word has taken Prince to some of the leading newsrooms across the country, including The Economic Times, Dow Jones Newswires, Forbes India and Moneycontrol. In a career spanning 20 years, Prince has led teams, managed pages, projects and special editions, and has authored The Consolidators, published by Penguin Random House in 2017.

Managing Editor

prince@mailtmc.com

Mumbai