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Why family empires dominate business in India

For many years the hottest event in Indian capitalism was the annual general meeting of Reliance Industries. Thousands of attendees, from rickshaw drivers to day labourers, would pile into the Cooperage Football Stadium in Mumbai for a glimpse of Dhirubhai Ambani, the company’s charismatic founder.

Source: Business - economist.com

FirstFT: Trump camp reels after debate

GM and Hyundai agree to explore collaboration on vehicles and manufacturing to reduce capital spending