Asian Window

Asia Sentinel

Prosperity gets in the way of family and corporate relationships, writes Raju Bist

In the mid-1990s, when the Birla family, which ran India’s second-largest business group, was in the midst of a bitter division of assets, one young family member quipped that “blood is thicker than water. But profits are thicker than blood.” A decade later, the country’s fast-rising prosperity is causing even more confrontations.

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