Hinduja Group News
Hinduja Succession Feud: Inside the epically messy inheritance dispute of UK's wealthiest family
The Hindujas were once the ideal representation of an Indian diaspora family, who built an empire. However, the last decade saw them embroiled in a nasty dispute. The death of Srichand Hinduja has reignited the dispute, opening up a Pandora's box.
SP Hinduja, billionaire and chairman of Hinduja Group, passes away at 87
The Hinduja family patriarch and his brothers, Gopichand and Prakash, were accused of receiving nearly Rs 64 crore in illegal commissions to help Swedish gunmaker AB Bofors secure an Indian government contract. A court had however exonerated them
Hinduja Group keen to raise stake in IndusInd Bank to 26%, seeks RBI permission; shares down over 9%
IndusInd Bank shares touched a high of Rs 707.45 in the morning session, but later pared gains to trade at Rs 668.80, up 0.7 percent from their previous close, at 11:42 am on NSE.
IndusInd Bank appoints Sumant Kathpalia as new MD, CEO; to take over from Ramesh Sobti next month
IndusInd Bank promoted by the Hinduja group commenced operations in 1994
Jet Airways revival plan: Creditors panel to meet today, may decide on extending deadline to two suitors keen on crisis-hit airline
The second bidder, South America-based Synergy Group, did not submit a plan for Jet Airways and the group reportedly sought clarity on slots in the domestic and international routes of the grounded airline.
Ashok Leyland's commercial vehicle sales decline by 28% to 11,168 units in December
Hinduja flagship firm Ashok Leyland on Thursday reported 28 percent decline in total commercial vehicle sales at 11,168 units in December
Jet Airways crisis: Hinduja Group likely to bid for grounded airline again, to submit EoI by 15 January; shares up 5%
As per media reports, the UK-based group plans to submit an expression of interest by the 15 January deadline, signalling its intent to make a formal offer.
Hinduja Group still interested in Jet Airways after approach by govt, banks; resolution professional invites fresh EoI for defunct airline
Earlier in June, the Hinduja Group had backed out of bidding for the Naresh Goyal-owned airline as they felt it was too risky for them to get involved due to the then ongoing government investigations and the insolvency pleas submitted by operational creditors at the NCLT,
Narendra Modi govt needs to shed British-style bureaucracy, move faster to achieve $5 tn economy: Gopichand Hinduja
Hinduja Group co-chairman Gopichand Hinduja on Tuesday said that while the $5 trillion target of 2024 is achievable, Prime Minister Narendra Modi-led government needs to shed the British style of bureaucracy to move faster
Ashok Leyland bags order from Tamil Nadu State Transport Undertakings for 1,750 buses
Hinduja Group's flagship firm Ashok Leyland on Wednesday said it has bagged an order from Tamil Nadu State Transport Undertakings for 1,750 buses
Auto sector slowdown: Ashok Leyland to suspend production at various plants this month
Hinduja Group flagship firm Ashok Leyland on Monday announced non-working days at its various manufacturing facilities following weak demand
Jet Airways crisis: Hinduja Group, Etihad Airways likely to bid for debt-laden airline via IBC route; Tata, Qatar Airways keen to join race too
Qatar Airways is also expected to join the race for Jet Airways stake acquisition if the state-owned flag carrier of Qatar is able to find out a suitable local partner, the report said.
Jet Airways crisis: Lenders' consortium picks Grant Thornton as resolution professional for cash-strapped airline
The bankers to Jet Airways on Tuesday moved the National Company Law Tribunal to recover their dues of over Rs 8,500 crore.
Jet Airways crisis: Lenders to meet today to finalise resolution for debt-laden airline; shares plunge over 18%
Last week, the I-T Department summoned Naresh Goyal, the founder of Jet Airways, for questioning in connection with an alleged tax evasion case.
Jet Airways crisis: NCLT asks operational creditors to again serve legal notices to airline, adjourns hearing to 20 June
The banks have appointed SBI Capital Markets as the investment banker to find an investor to scout investors for Jet Airways.
Jet Airways shares plunge nearly 11% amid reports of Hinduja Group, Etihad Airways pulling out of recuse efforts
Jet Airways' scrip tumbled 10.58 percent to close at Rs 111.95 on the BSE. During the day, it plunged 14.41 percent to Rs 107.15 -- its 52-week low
Jet Airways crisis: Hinduja Group, Etihad Airways reconsider investment; shares of airline slump as much as 14.8%
Promoters of Hinduja Group expressed concerns over ongoing government investigations into Jet Airways and insolvency pleas submitted by its creditors
Jet Airways crisis: Two operational creditors of debt-laden airline file petitions in NCLT to recover dues
The move by Shaman Wheels and Gaggar Enterprises came at a time when Hinduja Group is evaluating an opportunity to invest in the now-grounded Jet Airways.
Jet Airways revival: Hinduja Group puts conditions, seeks assurance from govt before finalising investment in grounded airline
Last month, there were reports that Hinduja Group was planning to initiate the bidding process for Jet Airways reviving hopes of fresh life to the debt-laden airline.
Jet Airways crisis: SBI Chairman Rajnish Kumar to meet aviation secretary today to review status of resolution plan
The grounding of Jet Airways has also impacted the aviation industry's capacity by as much as about 14 percent