Features by The Observer
Billions pour in for India’s insulated superclass
The subcontinent’s elite have a huge market all to themselves – and a vast gap is opening up between rich and poor.
Brothers Shashi and Ravi Ruia and Shashi’s son, Prashant, have been busy. They have just spun out the power and oil interests from their sprawling Essar conglomerate, one of India’s largest, and floated it on the London stock market as Essar Energy, in…