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.
Hinduja Global Solutions, the BPO arm of diversified Hinduja Group, today reported over two-fold increase in consolidated net profit to Rs 47.21 crore for the December quarter.
Hinduja Group flagship Ashok Leyland today opened a new assembly plant in Bangladesh as it aims to make further inroads into the neighbouring country.
Hinduja Group flagship Ashok Leyland today reported a 13 percent decline in its standalone net profit at Rs 185.88 crore for the third quarter ended December 31, 2016.
The Chennai-based firm has acquired Ashok Leyland Nissan-Vehicles Ltd, Nissan-Ashok Leyland Powertrain Ltd and Nissan-Ashok Leyland Technologies Ltd.
The bus with minimum seating capacity of 35 to a maximum of 65 can run up to 120 kilometres on a single recharge under standard test conditions, according to Ashok Leyland MD Vinod K Dasari.
"You have built such a bridge with the British government, its Prime Minister is visiting Delhi in November. You are a change-maker - you came and there was Brexit and you have changed the Prime Minister. You are going to Washington and you will change the President (there)," he said.
"In defence, we have got tremendous growth. We have won 13 out of the last 15 tenders..we are today a Rs 500 crore company in defence and in five years we should be well above Rs 2,000 crore," Ashok Leyland MD Vinod Dasari told PTI.
The Chennai-based company sold 12,057 units in September 2016, as against 14,783 units during the same month last year.
The proposal from the Hinduja Group came during a meeting with prospective investors and Jharkhand Chief Minister Raghubar Das in New York, an official release said.
"GST will be the most pivotal reform since 1991 which will make India an attractive destination for foreign investments. Manufacturing will get more competitive due to the emergence of a national market as against the present fragmented one.
The Board of Directors has approved the re-appointment of Dasari as the Ashok Leyland's Managing Director for a term of five years from April 1, 2016, to March 31, 2021, Ashok Leyland said in a regulatory filing.
The company reported profit of Rs 41.3 crore and net sales of Rs 706.8 crore in the same period of the previous fiscal.