Reborn as the richest man in India.

Chapter 521 The Crown Prince and Princess

Ratan and Mukesh originally wanted to influence Rao and ask him to limit the size of rupee loans to Jogo.

Unfortunately, Rao declined in the end.

In fact, they also understand that Rao will not offend Qiao Ge too much now.

After all, the last domestic guarantee and overseas loan had given themselves face and suppressed Qiao Ge. This was almost the limit.

Therefore, Rao will obviously not support himself anymore in terms of domestic loans.

"We can only keep up," Ratan said. "We have to ensure share in our respective fields. If we don't expand, the market share will be swallowed up by that kid. By then, it will be too late."

"Yes, we also need a loan." Mukesh agreed.

Since the investment in the Mexican stock market went very smoothly, the two families have wanted to bury the hatchet.

With the same interests, the relationship between the two families is getting better and better.

There was no way, Qiao Ge put too much pressure on them.

As a result, the three companies entered a period of crazy expansion.

In terms of loans, banks will definitely not limit them to three companies. After all, these are the three giants in the country.

Due to the huge investment from the three companies, the government's economic data has become even more eye-catching.

This makes Rao very happy. After all, this is an achievement achieved under his leadership. It can suppress the opposition opinions and at the same time show some opponents within the Congress Party what they can do.

But Manmohan was a little worried. The investment from these three companies was too large and he felt a little out of control.

Because the three of them are pretending to be having a big fight, and no one will admit defeat. If you invest 100 million, they will invest 200 million.

You chasing me like this are like wild horses running wild.

Although they were facing an offensive from two families, Qiao Ge's side was completely justified.

By November 1994, each of the three companies had new loans worth hundreds of billions.

Of course, the one with the most investment is Qiao Ge. His family has about 80% of the combined value of the two opposite companies. Adding in his own cash flow, the real new investment is 30 to 40% more than the two companies combined.

In other words, the Qiaogo family has surpassed the other two in terms of recent investment amount.

Of course, it is an investment now, and it remains to be seen whether the income will exceed that of the other two companies.

But this large-scale competition has made many people truly realize how powerful the Bego Group is.

There are faint signs that the parallel situation of these three giants is being broken, and the Bego Group has a tendency to leave the other two behind.

Some newspapers have already exclaimed that things are about to change in China.

In response to this news, news media related to the Tata Group and Reliance Group naturally refuted it.

They believe that the Bego Group is seeking death by expanding so much.

Tata Group and Reliance Group are sound investments.

Ratan and Mukesh have spoken out several times. Naturally, they are on their side and criticized the Bego Group for being too radical, which is not good for the country's economy.

Manmohan has approached three companies on behalf of the government, hoping that they can slow down and calm down for the time being. The recent investment is really too hot, which is not a good thing.

Under the government's mediation, the three companies' frenzied investment wave was temporarily halted.

Qiaogo did not accept various interviews because his mind was not here at all.

On November 1994, 11, Beni gave birth to twins, a boy and a girl.

In fact, Qiao Ge already knew the gender.

When the two little lives arrived, Qiao Ge was still very excited.

In the previous life plus this life, I had my own children for the first time.

The boy is the elder brother and was named Jay, which means "victory" and represents the parents' expectation that their son will achieve honor and success in the future.

The girl is a younger sister, named Anzili, which means "blessing" and represents the parents' best wishes for their daughter.

With the arrival of two siblings, celebration is naturally inevitable.

The celebration scene can be said to be another one comparable to the wedding of Qiaogo and Beni.

Senior military and political officials of the country, such as Prime Minister Rao, personally came to congratulate him.

Big bosses from the business world showed up one after another.

The same is true for traditional high-caste wealthy families, who basically send people over.

The main reason is that the Sharma family is a high-caste wealthy family and has certain relationships with most other wealthy families, and Qiaogo's current status is also significant enough. The power of money has begun to impact the original traditional wealthy order.

Not to mention the religious world, the master Ji Te came in person with a luxurious group of masters to pray for the two brothers and sisters.

Most of my friends from abroad also sent their blessings, but not many people came over.

But this is already very amazing.

People all over the country are reveling in the arrival of Qiaogo's children. TV, radio stations, and newspapers have all been inundated with this news in the past few days.

This kind of treatment, in ancient times, would have been the treatment of a prince or princess.

But considering Qiao Ge’s current huge wealth, it’s not wrong to say that it’s just a consortium empire.

As a child born to Beni, he naturally has such status.

Ratan and Mukesh also come.

Although there is competition in business, they still show magnanimity in such matters and will not refuse to come.

Their domestic expansion was suppressed by Qiaogo, but their investment in Mexico achieved great success.

They think that overseas success can completely make up for this domestic shortcoming.

However, the recent political situation in Mexico has been a bit unstable, and they are still a little nervous.

Beginning in the second half of 1994, armed peasant riots in Mexico continued one after another. The presidential candidate of the ruling Institutional Revolutionary Party was assassinated. The struggle for power within the ruling party and between the ruling party and the opposition parties was also fierce.

The political instability has dampened the confidence of foreign investors. Foreign investment into Mexico has begun to decrease, and divestments have also begun to increase.

So the two of them also backed down, and they had contacted Cruise to ask him to withdraw his investment.

However, Cruise said that if he withdraws now, he will make a lot less money.

If you persist for about three more months, I believe you can earn more than 30% more.

Cruise also said that after his observation, there was no big problem in Mexico and there was no need to panic.

Although some people are withdrawing, the news he received from many peers on Wall Street is that the majority of them continue to retain their investments.

Under Cruise's persuasion, the two finally decided to wait another three months.

And they told Cruise that the money would have to be recovered within three months.

They were able to agree not because Cruise said that most of his colleagues were sticking to it.

But if we evacuate early now, we will lose 30% of our profits, which is a loss of nearly US$3 million.

Such a large amount of wealth is really difficult to part with.

It’s only three months, it’s gone by very quickly, and you can get an extra 3 million US dollars, so you have to grit your teeth and persevere.

And they also have their own channels to find out, and Cruise's words did not lie to them.

The political instability in Mexico has indeed caused some investors to evacuate, but there are still many investors from the United States who have not evacuated. They continue to be optimistic about the future situation.

It is normal for everyone to have different views on investment in a place, so we cannot say that if someone withdraws, we will also follow suit.

Overall, their investment in the Mexican stock market has nearly doubled their assets in less than a year, which is amazing.

Therefore, when they came to Qiao Ge this time, the two of them were in a very good mood.

Qiao Ge also chatted with the two of them for a few words. Although the two guys didn't say it directly, Qiao Ge still heard it.

They are showing off their overseas investments and showing off.

How could Qiao Ge care about these things?

So, in the excitement and anxiety of Mukesh and Mukesh, late at night on December 1994, 12, the Mexican government suddenly announced that the currency peso would depreciate by 19% against the US dollar.

This policy caused great panic in the market. Foreign investors frantically sold pesos and snapped up dollars. The peso exchange rate fell sharply.

From the 20th to the 22nd, in just three days, the exchange rate of the peso against the US dollar plummeted by more than 42%.

The exchange rate was unstable and the sharp decline destabilized the stock market, which also began to plummet.

As mentioned earlier, about 70% of the foreign capital absorbed by Mexico is speculative investment, most of which is in the stock market.

The flight of foreign capital against the U.S. dollar was like a drain on the Mexican stock market, and the stock market fell in response.

This is the Mexican financial crisis. Foreign capital that failed to escape in time suffered heavy losses due to the double blow of the stock market crash and the collapse of the exchange rate.

(End of this chapter)