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August 31, 2010

Mukesh Ambani’s Reliance Industries has continued its diversification drive with the purchase of a minority stake in family-run luxury hotel group Oberoi.

Mukesh Ambani's Reliance Industries has continued its diversification drive with the purchase of a minority stake in family-run luxury hotel group Oberoi.

Reliance Industries Investment and Holding Private Limited, a wholly owned subsidiary of Reliance Industries, has acquired a 14.12% stake in Oberoi subsidiary EIH for $217 million.

In a statement, Reliance said it had decided to make an investment as "the Oberoi family had developed Oberoi Hotels into a premier international brand".

August 25, 2010

M&A is back. After a couple of years of stagnation, deal flow has increased markedly in the first six months of 2010 and family businesses around the world are, as usual, right at the forefront.

M&A is back. After a couple of years of stagnation, deal flow has increased markedly in the first six months of 2010 and family businesses around the world are, as usual, right at the forefront.

August 20, 2010

Gilles Pélisson, chairman and chief executive of Accor, said he wants the hotel and services group he runs to nearly double the number of hotels it has worldwide to as many as 7,000, with much of the emphasis on growth in Asia.

Gilles Pélisson, chairman and chief executive of Accor, said he wants the hotel and services group he runs to nearly double the number of hotels it has worldwide to as many as 7,000, with much of the emphasis on growth in Asia.
 
Pélisson, whose uncle Gérard Pélisson co-founded the hotel business back in the 1960s, made his remarks while in India.
 

August 19, 2010

Reliance Broadcast Network, a subsidiary of the family-owned Reliance Anil Dhirubhai Group, announced 18 August it has signed a joint venture agreement with US-based CBS Studios International to provide a new set of TV channels in India.

Reliance Broadcast Network, a subsidiary of the family-owned Reliance Anil Dhirubhai Group, announced 18 August it has signed a joint venture agreement with US-based CBS Studios International to provide a new set of TV channels in India.

Reliance and CBS will both have a 50% equity share in the new company, called BIG CBS Networks, which will initially create three new English language TV channels. The deal is a first for both companies as they attempt to tap into India's growing TV market.

August 5, 2010

With the announcement that the board of Tata Sons, the holding company of India-based Tata Group, has formed a selection committee to choose a successor to chairman Ratan Tata, speculation is rife over who will replace him.

With the announcement that the board of Tata Sons, the holding company of India-based Tata Group, has formed a selection committee to choose a successor to chairman Ratan Tata (pictured), speculation is rife over who will replace him.
 
A statement from Tata Group said: "The committee is in the process of formulating criteria for identifying the most suitable candidate, taking into account the global nature and complexity of the Tata group's business at the present time."
 

June 21, 2010

Reliance Broadcast Network, a subsidiary of the family-owned Reliance Anil Dhirubhai Ambani group, announced yesterday it has signed an initial agreement to form a joint venture with US-based CBS Studios International to launch a set of TV channels in India.

Reliance Broadcast Network, a subsidiary of the family-owned Reliance Anil Dhirubhai Ambani group, announced yesterday it has signed an initial agreement to form a joint venture with US-based CBS Studios International to launch a set of TV channels in India. 

This venture is a first for both companies as they attempt to access the growing TV market in the region. 

June 14, 2010

Mukesh Ambani, the second-generation head of Indian conglomerate Reliance Industries, announced on Friday that the business is to purchase a substantial stake in telecommunications company Infotel Broadband Services.

Mukesh Ambani, the second-generation head of Indian conglomerate Reliance Industries, announced on Friday that the business is to purchase a substantial stake in telecommunications company Infotel Broadband Services.
 
The acquisition puts Mukesh's company in direct competition with his brother Anil's Reliance Communications.
 

June 11, 2010

Exor, the investment arm of Italy’s Agnelli dynasty, has announced that it plans to invest up to $100 million in partnership with Jardine Matheson Holdings and Rothschild private bank to access private equity opportunities in China and India.

Exor, the investment arm of Italy's Agnelli dynasty, has announced that it plans to invest up to $100 million in partnership with Jardine Matheson Holdings and Rothschild private bank to access private equity opportunities in China and India.
 
According to a statement released on Thursday, the agreement means Exor will be strongly placed to capture both medium and long-term investment opportunities in regions with high growth potential across a wide range of sectors.
 

June 2, 2010

Slated to become the fourth largest economy by 2050 with projected growth of 5% or more over the next 40 years, India has much to teach the rest of the world, particularly its family firms, writes Jennifer East.

Slated to become the fourth largest economy by 2050 with projected growth of 5% or more over the next 40 years, India has much to teach the rest of the world, writes Jennifer East. Family firms in particular can learn from the way many leading Indian families blend tradition and innovation to groom the next generation.
 

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