Hinduja Group

Ashok Leyland launches high-efficiency P15 and H4 engines at EXCON 2025

Hinduja Group flagship Ashok Leyland has unveiled a next-generation series of compact engines at EXCON 2025, offering higher performance and enhanced efficiency, a top official said on Tuesday. The new engine rangeP15 (49 and 55 HP) and H4 Unipack (55 and 74 HP)is manufactured at the company's facilities and aligned with global quality standards. Fully compliant with the latest CEV (Construction Equipment Vehicle) Stage V emission norms, the engines are designed for high performance, improved fuel efficiency and long-term reliability across off-highway and industrial applications, the Chennai-headquartered company said in a statement. Ashok Leyland President for Light Commercial Vehicles, International Operations, Defence and Power Solutions, Amandeep Singh, said, "Our customers need solutions that keep their operations running smoothly and cost-effectively." "The new P15 and H4 Unipack engines deliver higher power, better fuel efficiency and proven reliability. This launch ...

IndusInd Bank denies report of talks to bring in strategic partner

IndusInd expects to grow in line with the country's banking sector next year, its chief executive said last month, following efforts to clean up its books

From Giorgio Armani to Diane Keaton: Global icons world lost in 2025

Remembering the influential cultural, political and business figures the world lost in 2025, and the enduring impact of the work, ideas and leadership they leave behind

Ashok Leyland gears up to roll out new range of heavy-duty diesel trucks

Hinduja group flagship Ashok Leyland is gearing up to expand its diesel truck range as it remains optimistic for industry growth in the rest of the fiscal, according to company's MD and CEO Shenu Agarwal. He noted that the commercial vehicle major is working on improving its R&D resources to help it reduce the time to market and respond quickly to the changing market and regulatory requirements. Within the diesel range, we are preparing to soon launch a completely new range of heavy-duty trucks with power ratings of 320 and 360 horsepower. These new trucks are built with next-level of heavy-duty aggregates, delivering unmatched reliability, Agarwal said in an analyst call. These products would be fitted with six-cylinder engines, delivering highest peak torque in the respective segments, enabling customers best-in-class turnaround time and therefore more earnings per month, he added. Agarwal stated that the company's non-diesel portfolio is continuously expanding, with two models .

Ashok Leyland Q2 profit hits record ₹820 cr, plans ₹10k-cr battery unit

The Hinduja Group firm's Q2 profit rose 7% to Rs 820 crore, led by lower losses at Switch Mobility and higher sales; it may invest Rs 5,000-10,000 crore in a new battery manufacturing facility

Gopichand Hinduja: Bizman who set precedent for Indian global conglomerates

A personal tribute to Gopichand Hinduja - visionary industrialist, bridge-builder between India and the UK, and a friend whose warmth and wisdom inspired generations

Hinduja Group chairman Gopichand Hinduja passes away at 85 in London

Gopichand Parmanand Hinduja (1940-2025): Billionaire who became synonymous with India's rise on global stage

Hinduja Group chairman Gopichand Hinduja passes away in London at 85

Gopichand was part of the second generation of the Hinduja family and assumed the role of chairman in May 2023, following the death of his elder brother, Srichand Hinduja

Hinduja Group to invest Rs 20,000 cr in Andhra across energy, EV sectors

Diversified conglomerate Hinduja Group has agreed to invest Rs 20,000 crore in Andhra Pradesh in phases, following a meeting with Chief Minister N Chandrababu Naidu in London, the state government said on Monday. Naidu met Ashok Hinduja, Chairman of Hinduja Group India; Prakash Hinduja, Chairman of Hinduja Group Europe; and Shom Hinduja, Founder of Hinduja Renewables, to discuss investment opportunities in the energy and transport sectors. "An agreement of Rs 20,000 crore investment in phases was signed between the Andhra Pradesh government and the Hinduja Group to expand its investments in the state in a phased manner," said a government release. As part of the pact, the Hinduja Group will enhance the capacity of the Visakhapatnam power plant by 1,600 MW and set up solar and wind energy projects in the Rayalaseema region. The group will also establish an electric bus and light commercial vehicle manufacturing plant at Mallavalli in Krishna district to boost the state's EV ecosyste

NCLAT asks IIHL to provide timeline to stop using Reliance trademark

Insolvency appellate tribunal NCLAT has asked Hinduja group firm IndusInd International Holdings Ltd (IIHL) to submit a timeframe by which it will discontinue using Reliance trademark for the financial service firm Reliance Capital. The counsel appearing for IIHL submitted before NCLAT that the process of name change after the acquisition of Reliance Capital has already started, and is likely to be completed in eight weeks. The National Company Law Appellate Tribunal (NCLAT) was hearing an appeal filed by Anil Dhirubhai Ambani Ventures Pvt Ltd (ADAVL), which has sought a stay over the use of the trademark Reliance after the takeover of Reliance Capital, through the insolvency resolution process. Noting IIHL's submission, a two-member National Company Law Appellate Tribunal (NCLAT) bench recorded in its order, "It is emphasised by Sr Counsel for the Respondent (IIHL) that the process of changing the brand name of the appellant with a new brand name, which is intended to be acquired b

IIHL inducts Dubai-based Indian businessman Vachani to Board of Directors

The IndusInd International Holdings Limited (IIHL), the promoter of IndusInd Bank in India and the recently acquired IIHL Bank & Trust, Bahamas, in its recently concluded board meeting announced the induction of Kamal Vachani to its Board of Directors. IIHL is the Mauritius-based platform, conceived and promoted by the Hinduja Family along with several hundred super high net worth individuals of the Indian diaspora. Kamal Vachani is the partner of the Dubai-based Al Maya Group with business interests across the retail sector. Speaking on his induction to the board, Ashok P Hinduja, Chairman, IIHL, stated, With his rich experience in UAE and GCC (Gulf Cooperation Council) and a significant number of our shareholders there, they would be well represented by Kamal, as IIHL seeks to build and consolidate its footprint across several financial services and para banking sectors like insurance, asset management, securities, private wealth, etc to be a global financial powerhouse. In line

Hinduja Renewables appoints Deepak Thakur as CEO amid clean energy push

Hinduja Renewables said Thakur has over 30 years of experience in renewables, infrastructure, industrial products and electronics, with senior roles at Mahindra Group, Reliance and others

Hinduja Group firm IIHL Mauritius acquires 100% stake in Sterling Bank

IndusInd International Holdings Ltd (IIHL), Mauritius, has completed the full acquisition of Bahamas-based Sterling Bank by acquiring the remaining 49 per cent equity, a statement said on Monday. With the acquisition, Sterling Bank has become a wholly-owned entity of Hinduja Group firm IIHL Mauritius, which is also the promoter of IndusInd Bank. IIHL Mauritius had acquired a controlling 51 per cent stake in Sterling Bank in September 2022. The acquisition was made through IIHL's wholly owned subsidiary, IIHL (Capital), Mauritius, the company said in a statement. IIHL, a Mauritius-based entity with a net worth of USD 1.26 billion as of August 31, 2025, has a diversified investment portfolio across the Banking, Financial Services, Securities, and Insurance (BFSI) sectors. It is also the promoter of IndusInd Bank, India's fifth-largest private sector bank, serving over 42 million customers through a nationwide network of over 6,100 touchpoints, with a business size exceeding USD 86 ..

Hinduja Group to invest ₹7,500 cr in TN, AstraZeneca to expand GITC

The Hinduja Group will target cell and battery manufacturing for Tamil Nadu's EV ecosystem, while AstraZeneca will invest ₹716 crore to expand its Chennai innovation and tech centre

Hinduja Group to invest ₹7,500 crore in Tamil Nadu's EV ecosystem: Stalin

Earlier during his London visit, MK Stalin signed several MoUs, including with Wilson Power and Britannia RFID, to invest Rs 300 crore and Rs 520 crore, respectively

Hinduja-backed IndusInd's new CEO Rajiv Anand seeks to cut risks in revamp

CEO Rajiv Anand has asked division heads to identify lapses in their businesses and submit improvement plans as part of a new three-year roadmap

IndusInd Bank to boost retail loans, MSME assets, and rural banking in FY26

Ramping up retail liabilities, scaling secured retail and MSME assets, and being selective in the corporate space are some of the focus areas for the current fiscal, as IndusInd Bank is making efforts to come out of the financial mess caused by past frauds, its chairman Sunil Mehta has said. Observing that FY25 was a watershed year for the bank, Mehta said, "This was also a year of internal reckoning. We faced certain challenges that required swift, transparent and decisive actions by the board and management. These events, while unfortunate, have catalysed a major transformation rooted in ethics, accountability, transparency and long-term sustainability". The Hinduja family-promoted bank, which is reeling under a slew of issues stemming from alleged irregularities at the top management in recognising bad loans and trading reverses, had reported a consolidated net loss of Rs 2,329 crore for the March quarter of FY25. In March this year, the bank reported a Rs 1,979 crore accounting

Hinduja Group appoints Anand Agarwal as Group President - Finance

Hinduja Group on Thursday said it has appointed Anand Agarwal as Group President - Finance with effect from August 1, 2025. Agarwal has nearly three decades of experience and has worked across multiple sectors, including agri inputs, infrastructure (power), FMCG, financial services, cement, metals, and banking payment services. "With the Group's businesses entering a phase of strategic expansion, strong financial leadership is crucial," Amit Chincholikar, Group President- HR, Hinduja Group, said, adding, "we look forward to him contributing significantly to our next phase of development." Agarwal brings significant expertise in corporate finance, treasury, M&A, capital strategy, and investor relations. Prior to joining Hinduja Group, he served as Chief Financial Officer at Chambal Fertilisers and Chemicals and has held leadership roles at Tata Power, Peepul Capital PE, AGS Transact Technologies, Aditya Birla Group, Reliance Industries, and ITC Limited. Hinduja Group is one of ...

GOCL Corp shares gain 4% on dividend announcement; payout details here

GOCL Corp share price gained after the company's board recommended a dividend of ₹10 per equity share

Ashok Leyland records 5% rise in sales of trucks, buses, LCVs in May 2025

Ashok Leyland, the flagship company of Hinduja group, has recorded a 5 per cent rise in its sales of trucks, buses and light commercial vehicles, in domestic and overseas markets in May by selling 15,484 units, the company said on Monday. The city-headquartered heavy commercial vehicle major had retailed 14,682 units in the same segment in the same month of last year. In the domestic market, the total vehicle sales in May 2025 grew by around 5 per cent to 14,534 units from 13,852 units sold in the same month of last year. The cumulative sales till May during this fiscal remained flat at 28,905 units, as against 28,953 units sold in the same period (April-May) of last year. Sales of medium and heavy commercial vehicles in domestic and overseas markets grew by around 11 per cent in May 2025 to 10,282 units, as compared to 9,243 units sold in the same month of last year. The cumulative sales of medium and heavy commercial vehicles, in domestic and overseas markets in April, May this