HINDUJA FAMILY NEWS
Hinduja family members get jail term for to up to 4.5 years for exploiting servants; family issues statement
Hinduja family members jal: A Swiss criminal court has sentenced four members of the wealthy Hinduja family to between four and 4 1/2 years in prison for exploiting their domestic workers. The court, however, dismissed more severe charges of human trafficking. The family members were accused of exploiting mostly illiterate Indian workers at their Geneva villa, including withholding passports, paying in Indian rupees instead of Swiss francs, and imposing long working hours under restrictive conditions.
Hindujas found guilty of exploiting servants at Geneva Villa; Swiss court sentences four members
A Swiss criminal court on Friday sentenced four members of the wealthy Hinduja family with between four and 4 1/2 years in prison for exploiting their vulnerable domestic workers. The court at the same time threw out the more severe charges of human traf...
RBI gets serious about connected lending, a concern that has been raised earlier as well
India restricts corporate houses from owning banks, raising questions about their absence despite financial capabilities. Allowing them could foster 'connected lending,' granting preferential loans to connected parties. A 2020 RBI proposal advocated their entry, criticism centered on consolidating economic and political power.
Dubai: Evolving into a hub for family offices — seizing the opportunity and navigating the shift
Indian UHNWIs are setting up family offices in Dubai for investment diversity, tax benefits, and strategic location, boosting UAE-India trade
Mumbai man gets Rs 4,000 order for two cakes, ended up paying Rs 1.3 lakh instead
A Mumbai-based businesswoman's brother was duped of INR 1.3 lakh by two fraudulent individuals posing as customers for cakes. The swindle took place when the duo manipulated the victim into revealing sensitive bank details under the pretext of making payment for the cakes they ordered.
'Loss to Indian industrial diaspora.' Biocon boss, Akhilesh Yadav, Maha minister mourn SP Hinduja, billionaire patriarch of Britain's richest family
India's business and political class mourned the loss of Srichand Parmanand Hinduja.
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Stocks in news: IndiGo, SBI, ITC, Vedant Fashions, HDFC Bank
M M Forgings posted multifold growth in net profit at Rs 30 crore for the quarter ended March. Revenue for the quarter stood at Rs 387 crore.
Suits & Sayings: Hinduja Group's bidding war saga; Lutyens Delhi's most sought-after X'mas lunches back; biotech boss turns doting dad to kids
Last week, 80 young minds from one of the most prestigious US schools visited the maximum city.
The $14 billion feud that splintered the Hinduja family
Hindujas, Britain’s richest family oversaw an Anglo-Indian business empire that’s lasted over a century from their shared family homes in London, Mumbai and Geneva. But, with the ailing of the patriarch Srichand, known as SP, who suffers from dementia a feud has splintered the family.
Gautam Adani made Rs 1,612 crore per day to double wealth in 1 year
Riding on the surge in share prices of Adani Group stocks, the Ahmedabad-based businessman’s wealth grew 116 per cent in the last one year and in absolute terms, he added Rs 5,88,500 crore.
Stocks in the news: Paytm, Vodafone Idea, Mahindra Lifespace, NMDC, MSTC, RIL and Petronet LNG
India's biggest gas importer will invest Rs 40,000 crore in the next five years for expanding import infrastructure as well as foraying into new business to boost profitability to Rs 10,000 crore. Petronet, which operates two LNG import facilities at Dahej in Gujarat and Kochi in Kerala, is looking to foray into the petrochemicals business, according to the firm's latest annual report.
Akshay Kumar rules out politics, says he is 'happy' making movies
The actor spoke at the book launch of 'Hindujas and Bollywood'.
N Sankar, industry icon and Chairman of Sanmar, passes away
Among many felicitations, Sankar was awarded the Chemicals and Petrochemicals Award (2019) for distinguished contribution to the petrochemical industry, the Indian Chemical Council’s Lifetime Achievement Award (2015), and the Lifetime Achievement Award at TiECON Chennai (2010)
Stocks in the news: RIL, TechM, CDSL, Canara Bank, PFC, Lupin and autos
Automobile manufacturers will react to the sales numbers for the month of February 2021. All auto companies announce their monthly sales on the 1st of every month.
Yet another (Rajasthan) winter wedding! At Praful Patel son’s nuptials, Salman Khan shakes a leg, MS Dhoni-Sakshi set couple goals
Patel Jr’s wedding was quite a glitzy affair.
Hinduja brothers boost IndusInd Bank collateral after shares drop
IndusInd founders led by brothers Srichand and Gopichand Hinduja had raised about $300 million in February by pledging about 36% of their stake in the the bank.
Veteran actor Dilip Kumar, who enthralled India with 'Devdas' & 'Mughal-e-Azam', passes away at 98; Modi mourns 'cinematic legend'
The actor had been ailing for a long time.
You don't have to be rich to do good, says octogenarian billionaire GP Hinduja
"I don't think money plays an important role in life. What is important in life is to give happiness to others. When you give happiness to others you feel permanently happy. I believe in humility. You don't have to be rich to do good."
IndusInd Bank denies takeover talks with Kotak Mahindra Bank
IndusInd Bank promoters, the closely knit Hinduja family, have been engaged in a battle over the family’s assets. 84 year old SP Hinduja, the eldest of the four brothers and his daughters Shanu and Vinoo want a 2014 letter signed by the brothers declared null and void.
Mukesh Ambani ranks as India's richest for 13th year in Forbes list
Despite the coronavirus crisis, the 100 richest Indians got richer by 14 per cent at $517.5 billion, according to Forbes.
Mukesh Ambani continues to rule Hurun India Rich List for 9th consecutive year; Smita V Crishna richest woman
The Hinduja Brothers occupied the second spot on the list.
Corporate whispers: Another business family headed for splitsville; this legal eagle has an European love song brewing, and this PE tries being a DJ
The buzz around the pharma theme on Dalal Street has turned infectious.
Sushant S Rajput death: CBI quizzes Rhea Chakraborty's brother Showik; agency visits Mumbai resort where actor spent 2 months
The agency is also likely to ask Rhea if she had signed any movie with Rajput.
London court accepts daughter Vinoo as SP Hinduja's legal friend
The dispute is potentially precedent-setting because it involves the rights of female inheritors.
Karnataka govt launches "Apthamitra" helpline and app to fight COVID-19
The help line and app was launched by Chief Minister B S Yediyurappa in the presence of senior Ministers and officials of the department. "If anyone has symptoms of coronavirus, they can call the helpline from their home, get medical advice or assistance and get their doubts cleared."
Stocks in the news: YES Bank, ITC, PVR, Ashok Leyland, GAIL and RIL
ITC has for the first time set a dividend payout ratio for shareholders.
Stocks in the news: SBI Card, YES Bank, Indiabulls Housing, IndusInd Bank, Airtel and Tata Motors
Promoters of IndusInd Bank attribute the latest decline in the stock to excessive speculative action.
Modify British-style bureaucracy and move faster: Gopichand Hinduja
Each and every Indian can flourish and can take this economy to $10 trillion.
Stocks in the news: Reliance Capital, Sintex, YES Bank, Eros, Jet and Reliance Nippon
Kotak Securities has maintained add rating on KNR Constructions with a target price of Rs 312.
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