Because the largest market for growth these entities have outside of China, is India. The middle classes want the goodies, and these players want the income.
Jio has the market.
Jio has the market.
if you do your due diligence companies like Reliance (Dhirubhai Ambani) are the reason most honest smart Indians are fleeing the country
From things like bribing the government at city and state levels, to 'disappearing competitors' to going after competitors with the sole purpose of killing them off
Of course, now with what is happening with TikTok you could argue US is fast becoming the same
you can just buy Government influence instead of having to compete
And I write this as an honest, maybe smart Indian sitting outside India.
Frankly, it is getting a bit stale and feels a lot like the standard Redditesqe drive-by factless commenting behavior to gain cheap karma and dopamine hits of raging against the system. HN is supposed to be better.
> They can essentially bulldoze government over any rules and regulations, and bribe around freely.
Um no. Can you show any, any incidences of them breaking the law or bribing anything other than "I know deep down in my heart of hearts that they do"?
And regarding bulldozing regulations or skirting them, isn't that how every corporation works. Hell, that is essentially how every SV company, big or startup works. And so does any other company in any other country. Nothing unique or special going on here that should be pointed out in every thread.
> This is how Reliance got big.
This is not how Reliance got big. They got big by work and bringing products to the market. The founder made his first IPO by quite literally hawking his shares alongside his products to retail customers. And Jio is not something that is mandatorily being shoved down people's throats. People willingly use it and pay for it.
Not a corporate scenario but google how Ambani took care of his son's car accident.
And anyways a lot of people can take care of such issues in every country. Not all of them are capitalists or businessmen. So I doubt this scenario ties in anyway with suspect business practices.
It does, it reflects your moral character, only someone who does not respect the rule of law would do what he did.
Mukesh Ambani is taking on seemingly unpalatable risks because he has nothing better to do with his money. He has a large amount of shareholder support and a huge base of users he can market Jio's products to. These users and the overall market will ultimately decide whether they want to use these products or not.
> The regulatory capture of TRAI by JIO is very well known
It is very well known in the same vein as "Bush did 9/11", "George Soros is the boss of Illumnati", "Zuckerberg is a lizard human", "Freemasons rule the world", "Area 51 has aliens", etc. Essentially baseless urban myths.
They have none. Just arm-chair conspiracy theorists.
How do you explain TikTok getting banned when Facebook got away with same stuff?
How do you explain the amendment of Privacy Bill to become something so embarassing that Supreme Court even felt ashamed to pass it?
There are two things Modi is known for: 1. 2002 massacre of Muslims in Gujarat 2. Being friends with crony capitalists.
This is not an exaggeration. You can read about what he did in his state when he was the chief minister.
Not proved in any court of law in India. On the contrary, the Supreme Court of India exonerated Modi of all charges in the 2002 Godhra riots (source: https://www.thehindu.com/news/national/sit-finds-no-proof-ag...).
Hacker News has become a den of conspiracy theorists! It is getting ridiculous now! How low will you stoop to defame someone without proof?
Can't believe there are ahole Modi bhakts here on HN.
What has this got to do with Modi? This is the biggest problem with you liberals. You can't debate on facts. The moment you are presented with facts you either shoot and scoot or indulge in diversions. Shows what shaky grounds you stand on!
As far as Salman Khan is concerned I believe he was driving and killed poor in 2002. Now this is my belief. It hasn't been proved in any Court and I am not fighting a case against him nor I have the urge. It is for the victims to take it to the logical conclusion and they are doing it. He was exonerated of charges in a High Court. It can always be appealed in the Supreme Court. I don't have any particular hatred for him, like you do for Modi, to pursue that case. I base my belief in circumstances surrounding the incident. I might be wrong too. That is why it is my "belief" and not a "fact".
But I will never turn my belief into a fact and try to assert to others that my belief is a fact. That if you don't agree with me you are an "asshole" and a "Salman Bhakt". Do you realize how stupid and ridiculous it sounds? You are trying to pass on your beliefs about Modi as facts and then getting riled up because someone called you out! It is borderline juvenile behavior. If this troubles you so much why don't you go to some Court and prove your allegations? Do some hard work for once?
> Can't believe there are ahole Modi bhakts here on HN.
You can call me an asshole as much as you want but you are just exposing your own self. You haven't proved anything against Modi. In any Court of Law. Neither when Congress was in power nor now. This is all you people are good at: calling sane people "bhakts" and "assholes". But when it comes to actually walking the talk you guys hide in some closet!
It completely ignores the real stories in technology and development which make people invest.
Read the book "The Polyester Prince". The Ambani's got it banned in India.
It's an open secret that the Ambani's are the most corrupt family in India.
Not very sure about that lol!
That way corruption is very hard to measure in India. There was one story like an year back in the state of Telangana where a sub-inspector was caught, the raid revealed he was worth around 300 crore rupees. That is what he was unable to hide. What he was able to hide would be way more. He was also stupid flaunting around his wealth. Your tax commissioners, property registration DCs, other government front line approval staff, or police are just worth more than your ordinary industrialist these days. The ones below them, the lower level government bribe potential jobs easily beat the net worths of may be even top execs in your Software firms.
This is illegal bribe. Legal bribes run even more deep. I knew of a person whose dad was in IAS, that man would get a plots(for negligible prices) from politicians every time BDA launched a layout in Bangalore. This is legal stuff. Their family is likely worth in upwards of a few hundred crores.
Another sorry sight in any Indian city is traffic police standing around in corners making bribes, when they pull out bundles from their pockets to dispense change. Even a back of visual evaluation and a worse case back of envelop calculation you will see those men would have a few lacs in their pockets.
All the best catching them, because most of these people have associations, and they meet bi-weekly in hotels and work with their legal teams to safeguard themselves.
That way its hilarious to even try to evaluate net worth of politicians or big industrialists. Try checking the quantity of land banks real estate developers in a city like Bangalore own. Their game is set for decades.
Also looked up bribing traffic police as it sounds somewhat incredible. Found this: https://economictimes.indiatimes.com/news/politics-and-natio... According to that article, 82% of respondents (among truck drivers and fleet owners) alleged to have paid bribes in their last trip, at an estimated average of Rs 1257 (US$17) per trip (I assume people who’re annoyed about bribes are more likely to respond, so the reality should be somewhat better than 82% which is kind of crazy...).