HINDUJA GROUPS HEADQUARTERS
Ashok Leyland posts 7% dip in sales in March
Ashok Leyland had sold 15,562 medium and heavy commercial vehicles in domestic and overseas markets in March while light commercial vehicles comprised 7,304 units totaling 22,866 units.
Ashok Leyland would confidently move towards 35% market share in MHCV segments: Hinduja
The company expects to maintain its market share in the medium and heavy commercial vehicle segments and aims to reach 35% market share in the future. Ashok Leyland has seen growth in the bus segment, with a 65% increase, twice the industry growth. The company has also improved its market share from 28.2% to 33%. Additionally, Ashok Leyland is nearing market trials for fully electric 55-tonne AVTAR Tractor Trailers and plans to expand its dealer network to reach 1,000 dealers.
Hinduja Group's headquarters in Mumbai to get a makeover
The group, which employs over 200,000 people, is looking to complete the redevelopment of this property over the next 3-4 years.The ground plus five-storey property overlooking the Arabian Sea was built by the group in the 1980s. Prior to that, the group's headquarters were located in Iran. Hinduja House occupies a nearly half-an-acre prime land parcel next to the National Sports Complex of India and Nehru Science Centre.
Vision is to be among top 10 global CV players: Ashok Leyland
Ashok Leyland, the Hinduja group's flagship company, aims to be among the top 10 global commercial vehicle manufacturers in the near future. The company is focusing on exploring new markets and expanding its sales volume in India. Ashok Leyland has developed modular products like the 'Avtar' to serve international markets.
G-20 Presidency strengthens India's position as one of best global investment destinations: Dheeraj Hinduja
The Hinduja Group flagship Ashok Leyland is the second largest commercial vehicle manufacturer in the country. The Chennai-headquartered USD 4.5-billion firm is the fourth largest manufacturer of buses in the world, and the 19th largest manufacturers of trucks.
Ashok Leyland embarks on cross-country expedition marking 75th anniversary
As many as 10 vehicles would be traversing across cities including Bengaluru, Mumbai, Leh, Kolkata, Dibrugarh, on five different routes commemorating the occasion.
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A trucking giant revs up as a Bank goes Bullish to Sideways
The price of this company has been consolidating in the broader range of Rs 155 –Rs 135 since November. Recently, the price has given a symmetrical-triangle breakout within which was moving since early March. The narrowing of the range inside a triangle acts like a suppressed spring and the breakout acts as the release. This breakout is supported by a rise in volume.
Holcim to Hexaware & Suven: When Barclays broke the Wall St dominance on Indian Deal St to top M&A sweepstakes
From vanilla debt products to complex, new structures, storied UK bank takes new issuers, co-led around $5 billion on loans for PEs in last 24 months.
Delay in expansion plans as we want right partner for EV business: Ashok Leyland
"We (Switch Mobility) are in a very different position because we have a number of products operating in India, the United Kingdom. The main reason why we have been delayed in fundraise is because we really want to make sure that we get the right partner who supports the business plan and we get the correct valuation as well," he told PTI in an brief interaction.
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)
Hinduja heir seeks to remake Swiss bank for t-shirt crowd
Karam has brought four people to Geneva from Timeless Media, a digital media company he founded in New York, and a similar number of Srichand’s advisers from London to shake things up.
The Hinduja family feud puts a century-old business empire in jeopardy
With a collective net worth of about $15 billion, the four brothers always presented a united front, with little to suggest that not all was well in the House of Hinduja.
Ashok Leyland to strengthen presence in North-East; inaugurates 3S dealership in Guwahati
Hinduja Group flagship Ashok Leyland on Tuesday said it would open 10 outlets in the North Eastern parts of the country to strengthen its presence in the region and meet rising demand and inaugurated a dealership in Guwahati as part of the exercise.
Baring Asia set to accept $3 billion Carlyle offer for Hexaware
If the deal is materialised it will be the biggest deal in the domestic software services space.
Carlyle leads race to scoop up Hexaware with $3 bn bid. A deal would be largest PE buyout in India outside infra
Private equity group Carlyle has emerged as the frontrunner to acquire Hexaware Technologies from its PE owner Baring Private Equity Asia (BPEA) with a bid of $3 billion (₹22,500 crore), said people in the know.
Want to invest as much as possible in India, but processes have to be clear: Gopichand P Hinduja
"I am not referring to any help for my group. We have learnt that in whichever country we are we have to follow their culture and processes. It all depends on the policies, the structures, the convenience."
IndusInd tanks after order against Hinduja Bank resurfaces
Multi-industry conglomerate Hinduja group are the promoters of IndusInd Bank, and it also controls the Geneva-headquartered Hinduja Bank.
Hinduja Group launches new Berryllus Capital wealth advisory joint venture
The new JV with NASDAQ-listed Focus Financial Partners Inc, a leading partnership of independent, fiduciary wealth management firms, is dubbed a multi-family office that will cater to some of the most prominent families in the world through offices in London, Geneva and Singapore.
Gender equality tougher in Indian business families, says Shanu Hinduja
The eldest daughter of patriarch Srichand Parmanand (SP) Hinduja and Arunachaam spoke about their “fight for equality” at the Economic Times Women’s Forum.
Defence revenue opportunity, debt reduction plan fuels rally in Ashok Leyland
“The announcement of the government of India about increasing local sourcing is very positive for defence suppliers like us and clearly the government intention shows that it is moving from Make in India to Make by India” said Gopal Mahadevan, CFO at Ashok Leyland.
Hinduja family feud: $11 billion empire of truck making, lubricants, banks at stake
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.
Hinduja Group extends hotel tie-up for Churchill's Old War Office in UK
An agreement signed by the London-headquartered conglomerate in June 2017 for Raffles to operate a 125-room and suites flagship hotel at the iconic heritage building in Whitehall was expanded on Thursday to cover 85 luxury residences on the site.
India, China can become strongest partners: GP Hinduja
The Hinduja Group Co-Chair said the UK-headquartered Indian conglomerate wanted to invest more in China and build the three-way China-India-UK partnership.
Hinduja brothers second-wealthiest in UK's annual rich list
London-based Srichand and Gopichand Hinduja are listed with an estimated fortune of around 20.64 billion pounds, compared to Ratcliffe's 21.05 billion pounds.
India only country with maximum opportunity to invest: GP Hinduja
Highlighting that India has excellent opportunities for Chinese companies to invest in infra, he said in his view the only country in the world today which has maximum opportunities is India.
Hinduja Technologies appoints Kumar Prabhas as CEO
Hinduja Technologies is one of the specialised Enterprise Resource Planning and Engineering Service Providers for automobile sector.
No wife, no bank account. I was denied US visa: Yoga guru Baba Ramdev
"There could be some issues there, they said, but I insisted there is no possibility of any of that. Yet they denied me a visa," Ramdev said.
Leyland's 'DOST' crosses 1 lakh unit sales
Ashok Leyland said the sales of its small commercial vehicle DOST, the first product to be launched under the joint venture with Nissan Motor Company, had crossed the one lakh mark.
Leyland puts up German arm Albonair for sale to cut debt
Hinduja Group flagship company Ashok Leyland has put its foreign subsidiary Albonair GmbH on the block as a part of its strategy to reduce debt.
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