Prithvi Raj Singh Oberoi, the 94-year-old veteran corporate hotelier who redefined India s hospitality industry, passed away on Tuesday.
The Chairman Emeritus of The Oberoi Group, popularly known as Biki , built a sprawling chain comprising 32 hotels during his lifetime. EIH owns the eponymous
India, which has the third-highest number of publicly listed family businesses after China and the US, will see a generational shift in leadership at .
Succession planning is still evolving in Indian companies, with some patriarchs opting not to announce a successor due to doubts about the most suitable candidate or a belief in a natural succession process. Various trends are at play, including the appointment of family members to the board, selling businesses, creating family trusts, and dividing businesses among legal heirs.
Developers become richer by 26% despite COVID-triggered plunge: Hurun businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.