Hinduja Group

Hinduja Group Chairman Gopichand P Hinduja passes away at 85

He passed away at a London hospital

Hinduja Renewables appoints Deepak Thakur as new MD and CEO amid greater push into clean energy

The appointment of the new MD and CEO comes at a time when the Hinduja Group is making a big push into clean energy with a plan to triple its renewable portfolio from 3 gigawatts (GW) to more than 10 GW by 2030.

Hinduja group to invest $3-4 billion to triple renewable capacity to 10 GW by 2030

Its current portfolio of 3 GW is backed by long-term power purchase agreements (PPAs) with central agencies such as SECI (Solar Energy Corporation of India) and NTPC.

Infusing fresh capital in IndusInd Bank may come with riders for Hinduja Group

Sources say RBI has asked the promoters of IndusInd Bank to nominate directors on the bank’s board and reverse the pledge created on promoter holdings as preconditions for further capital infusion

Ashok Leyland’s Switch Mobility aims to manufacture battery packs in-house

Switch Mobility, which specialises in electric buses and light commercial vehicles, sources a variety of battery packs from Tata Auto Component (TACO). At present, Switch-branded vehicles are assembled at Ashok Leyland facilities-e-buses in Ennore and e-LCVs at Hosur

Switch Mobility rolls out EiV12 and E1 e-buses for worldwide markets

As per industry analysts, the Indian electric city bus market is expected to grow at a CAGR of 21 percent by 2030 with an EV penetration of 70 percent.

Barclays may back Hinduja’s Rs 4,300 crore bond deal for Reliance Capital buyout: Report

The Hinduja Group is seeking to secure a total of Rs 7,300 crore (approximately $873 million) in debt to complete the acquisition, which has been cleared by the National Company Law Tribunal (NCLT) but has encountered delays due to regulatory and financing challenges.

Ashok Leyland will continue to fund Switch Mobility, consider investors at right valuation later, says MD & CEO

It was earlier reported that Ashok Leyland will evaluate further investments in Switch Mobility, after a fund infusion of Rs 1,200 crore in the maker of electric buses in India and the UK, even as it remained open to external investments in the company.

Ashok Leyland's Q1 net profit declines 9% to Rs 526 crore

The net profit for the quarter under review has declined significantly from the March quarter profit, which came in at Rs 900.41 crore.

M&HCV sales to see upsurge; higher tonnage vehicles in demand: Ashok Leyland

Within the M&HCV growth momentum, Ashok Leyland is seeing strong demand growth from higher tonnage vehicles driven by better unit economics of these vehicles.

Ashok Leyland Q4 FY24 net profit rises 17% to Rs 934 crore

The flagship company of the Hinduja Group's consolidated revenue from operations in the quarter under review stood at Rs 13,577.58 crore as compared to Rs 13,202.55 crore in the year-ago period

IRDAI’s okay for stake sale in RCap’s insurance arms a step towards resolution, say experts

The IRDAI gave its approval for a 26 percent stake sale in Reliance Capital including in Reliance General Insurance Company, Reliance Nippon Life Insurance Company (RNLIC), and Reliance Health Insurance to the Hinduja Group.

IRDAI clears 26% share transfer in Reliance Capital Insurance arms to Hinduja Group’s Aasia Enterprises

IndusInd International Holdings is committed to securing clearances and aims to complete the transaction by May 27. Failure to meet stipulated deadlines could result in default, sources said.

Targeting $50 bn valuation for IIHL's BFSI portfolio by 2030; hopeful of quick IRDAI nod for RCap buyout: Ashok Hinduja

IIHL is awaiting the green signal from the insurance sector regulator IRDAI for the Rs 9,661 crore Reliance Capital acquisition

Newsbreak confirmed: Hinduja Group's IIHL acquires 60% stake in Invesco India Asset Management

IAMI is the Indian arm of Invesco Ltd, a leading independent global investment management firm with over $1.6 trillion in assets under management

Hinduja Group's IIHL in talks to acquire majority stake in Invesco AMC

Sundaram MF-Principal MF, HSBC AMC-L&T MF and Bandhan-led consortium acquiring IDFC MF are some of the transactions in the sector over the past few years.

Ashok Leyland progressing well in network expansion in North & East

The Hinduja Group flagship company was also gearing up to launch its electric light commercial vehicles (LCVs) within the next few months.

Ashok Leyland leverages record M&HCV volumes to boost its FY24 topline

The company is hoping to maintain its 30 percent market share this year and grow to about 35 percent going forward

Ashok Leyland bags order for 552 ULE buses from Tamil Nadu State Transport Corporation

The Chennai-based CV maker will commence the the delivery of these buses within the next few months.

Ashok Leyland betting big on e-LCVs, garners 10,000 orders, says Executive Chairman Dheeraj Hinduja

To launch two e-LCVs in the fourth quarter of this fiscal; the firm is yet to find a strategic partner for its EV division.

Sanjay Hinduja Exclusive: Winston Churchill's Office Turned Into A Luxury Hotel By Hinduja Group

In September, Britain's iconic Old War Office (OWO) of Prime Minister Winston Churchill which was frequented by James Bond creator Ian Fleming, opened its doors to the public as a luxury hotel - Raffles London at the OWO- for the first time since its completion in 1906. It was acquired by the Hinduja group in 2014, and the uber-premium destination was completed post more than eight years of renovation. Moneycontrol's Ashwin Mohan speaks to Sanjay Hinduja, Gulf Oil Chairman - watch!

Irdai rejection raises more questions for Hinduja-led IIHL on source of funds for RCAP acquisition

The letter went from the Administrator after Insurance Regulatory and Development Authority of India (Irdai) rejected IIHL's proposal to raise funds for the RCAP acquisition by creating a pledge over the shares of Reliance General Insurance (RGIC) and Reliance Nippon Life Insurance (RNLIC), sources said.

Hinduja in talks with private debt funds for about $800 million