Comment

New Year's Eve Open Thread

396
Dark_Falcon1/01/2014 7:34:43 am PST

re: #394 Justanotherhuman

Yes, all part of the Tata Group:

en.wikipedia.org

“Tata Group remains a family-owned business, as the descendants of the founder (from the Tata family) own a majority stake in the company. The current chairman of the Tata group is Cyrus Pallonji Mistry, who took over from Ratan Tata in 2012.[8] Tata Sons is the promoter of all key Tata companies and holds the bulk of shareholding in these companies. The chairman of Tata Sons has traditionally been the chairman of the Tata group. About 66% of the equity capital of Tata Sons is held by philanthropic trusts endowed by members of the Tata family.”

The Waltons/Kochs of India?

If anything, the wealthy in India typically indulge in displays of conspicuous consumption that even Donald Trump would consider to be over-the-top.