Biz empires grapple with succession
China Daily | Updated: 2008-10-14 07:50
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Mukesh Ambani, chairman of Reliance Industries, holds a jar containing the first crude oil produced from the company's KG-D6 block in the country's east coast, at a news conference in Mumbai on Sept 21. Reuters |
For over a century, family-run business empires have held sway in India, but acrimonious succession battles are now turning off foreign investors and prompting Indian corporations to adopt post-dynastic strategies.
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