Investors raised concerns over loans of Rs 340 crore given to three group entities and particularly, about the delay in disclosure of these loans
At the heart of the Hinduja family feud is a letter signed by the brothers to stay undivided. But there's a lot more than meets the eye
The feud between the four brothers stems from a letter they signed in 2014 which penned the long-followed family ideology - Everything belongs to everyone and nothing belongs to anyone
Four Hinduja brothers -- Srichand, Gopichand, Prakash and Ashok -- had in 2014 signed on a document saying the assets held by one brother belong to all, and that each of them will appoint the others as their executors.
Till now, the four bothers were seen in sync. Not anymore. And at the centre of their dispute is a 2014 document.
Their business conglomerate, based in Mumbai and headquartered in London, covers a wide range of sectors including automotive, hospitality, banking and healthcare.
Srichand, the oldest of the four brothers, is the head of the family and Chairman of Hinduja Group.
The Hinduja Group operates in various industries including automotive, oil and speciality chemicals as well as banking and finance. It runs private sector lender IndusInd Bank in India.
Kotak Mahindra Bank's promoters recently received RBI's green signal to cut their holding to 26 percent, capping their voting rights at 20 percent
The partnership aims to expand the ecosystem for efficient and greener electric bus transportation systems in India, the companies said in a statement.
The co-chairman of the Hinduja Group said the government is well seized of the economic challenges facing it.
The two companies are exploring funding requirements to pay creditors and revive the airline
A report suggested that Eithad and Hinduja Group have shelved plans to invest in Jet Airways
Jet Airways is on a time crunch to find investors.
Etihad Airways, the second largest shareholder of Jet Airways, will retain the 24 percent stake in the beleaguered airline and will further pump in Rs 1,700 crore
Srichand and Gopichand Hinduja, who run the Hinduja Group of companies in the UK, registered a 1.35 billion pounds jump in their fortunes over the previous year to return to the top of the ‘Sunday Times Rich List' after topping it back in 2014 and 2017.
Ashok Leyland MD Vinod K Dasari said this partnership will expand the company's reach globally.
The sales, service and spares facility, spread across 1.38 lakh square feet, is located at Madanpur, Narayanganj district on the Dhaka Chittagong highway, the city-based company said in a statement.
Hinduja Group and Malaysia’s IHH Healthcare are also in the fray to acquire Jaslok's operations and management
For Q1 FY18-19, a Reuters poll had projected net profit to grow 21 percent growth in net profit at Rs 1,014.7 crore.
The company which introduced light commercial vehicle 'Dost' six years ago, launched 'Dost+', an upgraded model that could carry higher payload with a light kerb weight, on Friday.
Hinduja Group firm sold 14,067 units last month against 13,403 units during the same period last year.
Media reports suggest that Warburg Pincus is likely to pick up a 40% stake in Tata Technologies (an engineering solutions and IT product developing arm of Tata Motors).
There will be no major impact on Indian banking operations in the UK post-Brexit and the British capital will continue to be the global "financial hub", according to the UK chief of State Bank of India.