‘Marriage arrangements help ensure that control over capital doesn’t go out of the community.’ A recent spate of loan defaults – most of which curiously centre around trade finance and buyer’s credit – has shined a spotlight on the close and influential links between some of India’s wealthiest business families. The world over, it is natural for the sons and daughters of business elite to marry into other family-run corporate empires, even if such alliances are a more pronounced feature of the Indian power elite than of their counterparts in…
Read MoreIndia Inc’s Recent Scams Turn In-Laws into Outlaws
