With just hours left to go before younger brother Anil Ambani went to jail for non-payment of dues to Ericsson, elder brother Mukesh Ambani bailed him out by paying the dues in full. However, the sale of assets of RCom to RJio did not pan out as both companies made a statement to terminate the sale. We analyse the relationship of the two brothers and the fine print of the deal that did not go through and who it benefits. Canadian firm Brookfield Asset Management is betting big on India. Having already made investments worth $ 7 Billion in real estate, road and renewable energy sectors; it has acquired the East West Gas Pipeline from Reliance Industries for ₹ 13,000 crore and hositality brand Hotel Leela Ventures for ₹ 3,950 crores, taking its total bet on India to $ 10 Billion. The Income Tax Department has a tough task ahead of itself as it has just two weeks remaining to fulfill its target of direct tax collection of a total of ₹ 12,00,000 crore. ₹ 9,00,000 crores have been collected so far, leaving ₹ 3,00,000 crores to go.
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