India’s No. 2 tycoon may avoid stepping on his rival’s toes

Adani (right) has given a signal to Mukesh Ambani that he’s no longer keen on direct confrontation. — Bloomberg

A beleaguered Indian billionaire is redrawing the contours of his empire in a way that minimises friction with his bigger rival. That may be a sensible strategy.

Gautam Adani can’t afford a costly distraction.