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Bengaluru-based Capitalmind founder and CEO Deepak Shenoy said justice was served after Prakash Hinduja and his wife Kamal Hinduja were sentenced to four years and six months in jail, while their son Ajay and his wife Namrata received four-year terms.
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Prakash Hinduja and his wife Kamal Hinduja each got four years and six months, while their son Ajay and his wife Namrata received four-year terms, the presiding judge in Geneva ruled.
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A deal to end the civil suit was reached this week, Olivier Peter, a lawyer for one of the three claimants said, without confirming the details of the accord.
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Ajay Hinduja was testifying on the first day of the Geneva trial of a branch of one of India’s most prominent families, which stands accused of human trafficking and overworking household staff.
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"Hinduja Renewables was awarded by NHPC the tender for putting up a solar capacity of 250 MW at the tariff rate of Rs. 2.53/kWh," the Hinduja Group firm said in a statement.
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We are not interested in doing just any project. Heritage, iconic nature of the project or building, something different, not just create another 30-storey building or 40-storey building and rebrand it, says Sanjay Hinduja
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The world's largest single-location floating solar park will be developed in two phases with a total installed capacity of 600 MW, along the banks of the holy Narmada River at Omkareshwar Reservoir in Khandwa district of Madhya Pradesh.
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Court judgments now made public reveal that the family’s conduct – both, the two daughters of the eldest brother Srichand Hinduja, and the younger brothers led by Gopichand Hinduja – were inimical to the well-being of Srichand.
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'We see a recession coming in the US, recession coming in the UK, in Europe, problems in China, (a) problem in Southeast Asia under the fear of China-Taiwan. So, looking at the overall scene, we focus now (on) India as an emerging market,' says the Hinduja chairman
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Also, the petitioner wants the Delhi HC to stay an RBI rule that lets private bank promoters to keep up to 26% stake in banks.
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The Delhi High Court asked the RBI to look into the allegations of irregularity against IndusInd Bank promoters made by the petitioner.
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The Indian portfolio of Barings Private Equity Asia includes firms like Hexaware, Virtusa, Citius Tech, Coforge ( formerly called NIIT Technologies), CMS, AGS Health and RBS Bank. Reports indicate the PE firm has put delisted IT firm Hexaware on the block for $2.5 to $3 billion.
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The London-headquartered Hinduja Group – headed by brothers Srichand P Hinduja, Gopichand P Hinduja, Prakash P Hinduja and Ashok P Hinduja – had a robust 2017 to add an impressive 3 billion pounds to their total net worth from the previous year, according to the annual 'Asian Rich List' published by UK-based Asian Media Group (AMG).
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Forbes India has released the annual India rich list and Reliance Industries' Chairman Mukesh Ambani has topped the Forbes' '100 Richest Indians' list with a net worth of USD 22.7 billion.
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When Blackstone invested in the company in 2007, it had around 46 factories and the factory numbers have come down to 24 as of end of FY16.
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Mumbai-born tycoons David and Simon Reuben have topped 'The Sunday Times' Rich List 2016 with a fortune of 13.1 billion pounds, followed by the Hinduja brothers at 13 billion pounds.
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Ashok Leyland's JV with John Deere involves manufacturing of construction equipment with products like Backhoe loaders, four-wheel-drive loaders and excavators under both Ashok Leyland and John Deere brands.
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The company had posted a standalone net profit of Rs 32.09 crore in the same period last fiscal, Ashok Leyland said in a BSE filing
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Net sales of the company rose to Rs 4,878.81 crore during the second quarter, as against Rs 3,150.36 crore during the same period of previous fiscal, Ashok Leyland said in a filing to the BSE.
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In an interview to CNBC-TV18, Prayesh Jain of IIFL shares his reaction on Ashok Leyland's Q3 earnings and his outlook on the performance of the company.
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HTL, formerly Defiance Technologies Ltd, a wholly-owned unlisted subsidiary of Ashok Leyland, has now become a subsidiary company, the filing said.
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Sales of medium and heavy commercial vehicle in February declined by 20.8 percent, to 5,576 units from 7,045 units sold during the same month of previous year.
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Ashok Leyland had incurred Rs 377 crore towards finance cost during 2012-13, up 47 percent over previous fiscal. It spent Rs 101 crore during the first quarter of the current fiscal against Rs 83 crore in the first quarter of FY'2013.
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Hinduja flagship firm Ashok Leyland today said it won an order for 2,610 buses from the Institute of Road Transport, Tamil Nadu.
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Hinduja flagship firm Ashok Leyland today reported 10.82 percent increase in net profit at Rs 74.14 crore for the quarter ended December 31.
