Mukesh Ambani, the 64-year-old Indian tycoon who controls Reliance Industries Ltd. and a $208 billion empire, is beginning to make plans for succession, details a profile in Bloomberg. According to…
Tag: Asia
McKinsey Warns of Another Asia Debt Crisis
In an August report, global consulting firm McKinsey & Co. says that high levels of debt, lender vulnerabilities and “shadow” banking practices are warning signs of a potential debt crisis…