Where Blood Runs Thick

Newsweek, July, 2008 by Jason Overdorf

For some time now, Indian firms have been growing in competitiveness; companies like Tata, Reliance, and the Aditya Birla Group now rival giant Western multinationals like General Electric and Procter & Gamble. The conventional wisdom has also been that Subcontinental powerhouses are getting more sophisticated. Management is becoming more professional, too; bullish analysts point to the recent merger of Ranbaxy (India’s largest drugmaker) with Japan’s Daiichi as a sign of a new willingness among India’s CEO scions to move beyond the walled garden of family firms and team up with smart outside companies.

Now a very public fight between Mukesh Ambani’s Reliance Industries Ltd. and Anil Ambani’s Reliance Anil Dhirubai Ambani Group—the billion-dollar refineries to telecoms...

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