Page 10 - Hinduja Group

Switch Mobility dilution now will depend much on valuation: Dheeraj Hinduja

In a Q&A, the executive chairman of Ashok Leyland says the firm will be diluting 10-15% in Switch Mobility to raise $200-250 mn

The $14 billion feud that splintered the billionaire Hinduja family

The family has now called a temporary truce, but the long-running and rancorous dispute has put at stake the future governance of the Anglo-Indian empire

Ashok Leyland posts Rs 199 crore net profit in Q2, revenue up 85% YoY

The company has also achieved a market share of 32 per cent in Q2FY23

Decision to end family feud will not impact businesses: Dheeraj Hinduja

Asserts there will be no division of assets; "everything belongs to everyone and nothing belongs to anyone"

Billionaire Hinduja brothers end family feud on pact signed in 2014

The fight among Hinduja brothers was caused because of a pact signed by them in 2014 that said that 'everything belongs to everyone and nothing belongs to anyone'

Ashok Leyland Q2 net profit increases to Rs 199 cr as sales improve

Hinduja group flagship Ashok Leyland has reported a profit after tax of Rs 199 crore for the second quarter ended September 30, aided by robust sales across segments. It had posted a net loss of Rs 83 crore in the September 2021 quarter, the commercial vehicle major stated in a late-night regulatory filing on Thursday. Revenues in the period under review stood at Rs 8,266 crore compared to Rs 4,458 crore a year ago, it added. Ashok Leyland's domestic MHCV (medium and heavy commercial vehicles) volume rose to 25,475 units in the second quarter against 11,988 units in the year-ago period, it said. It helped the company achieve market share gains of 9.6 per cent in the quarter, Ashok Leyland said. Similarly, the company stated that its light commercial vehicle sales volume increased by 28 per cent to 17,040 units against 13,328 units in the same period last fiscal. Export volumes (MHCV & LCV) for the September quarter surged 25 per cent to 2,780 units against 2,227 units a year ...

UK's King Charles III sends special Diwali message to Hinduja Group

Britain's King Charles III has sent a special Diwali message to the Hindujas, highlighting his commitment to all faiths and communities. The message was delivered by his Principal Private Secretary Sir Clive Alderton at the Hinduja Diwali reception held at their Carlton House Terrace on Wednesday. More than 300 guests including peers, MPs, Ambassadors, diplomats, business leaders attended the event. Conservative Party chairman Nadhim Zahawi, MP, former Health Secretary Matt Hancock, Foreign Office Minister Lord Ahmad, Mayor of London Sadiq Khan were also present on the occasion. Welcoming the guests, Gopichand Hinduja, co-chairman of the Hinduja Group, spoke of the significance of Diwali and how real wealth comprises blessings and contentment earned through acts of giving. G P Hinduja fondly mentioned missing his elder brother S P Hinduja, who is unwell. His other two brothers Prakash and Ashok were present on the occasion. Arjun Rampal with his partner Gabriella, playback singer

Ashok Leyland bags order for supplying 1,400 school buses in UAE

Indian company says deal win by distribution partners 'reaffirms faith' in its buses

Ashok Leyland adds to Bada Dost range, will launch e-LCVs in six months

With superior power, mileage, payload, load body length and loading space, the Bada Dost i1 and Bada Dost i2 help customers earn more profit per trip

Ashok Leyland unveils new tipper for construction, mining segments

Hinduja group flagship Ashok Leyland has unveiled the AVTR 4825 tipper equipped with a H6 engine aimed at serving the construction and mining segments, the company said on Friday. AVTR is the company's first modular truck platform that offers a range of trucks in the 19-55 tonne gross vehicle of weight (GVW) portfolio and has a slew of cabin and load body options for customers based on their requirements. "These tippers score high on fluid efficiency, durability and reliability. The powerful H6 4V engine, along with heavy duty drive-lines, delivers best-in-class performance with optimum gradability suitable for all construction and mining-related surface transportation," said Ashok Leyland head-medium, heavy commercial vehicle Sanjeev Kumar. The tippers are powered by the 250 hp H-series 4V 6-cylinder engine with the company's i-Gen6 technology that enhances the engine performance while ensuring lower cost of ownership. The drivability, reliability and faster turnaround time on rou

Switch Mobility sees e-bus market tripling to 6,000 units next year

Switch India has already secured an order of 200 electric double decker buses in Mumbai and is looking at a dominant space in the electric double decker segment, across key regions in the country

Stocks to Watch: LIC, ONGC, Max Health, Hero Moto, Zee Entertainment, M&M

State-owned insurance behemoth Life Insurance Corporation (LIC) reported a net profit of Rs 682.88 crore in the April-June quarter (Q1) of FY23, driven by its non-par business.

India at 75: From Ambanis to Bajaj - 20 doyens who shaped India's business

Each one of them has played a key role in the building of India, taking ideas and giving them wings. Here's a look at 20 leaders of India Inc who are inseparable from the idea of India

Ashok Leyland Q1 profit at Rs 68 cr Q1 on strong volumes vs year-ago loss

The company is planning to invest Rs 750 crore in each of the next two years and is in the final round of talks to raise funds for its EV arm Switch Mobility

Ashok Leyland expands AVTR tractor segment with two new launches

With this launch, Ashok Leyland becomes the first Indian firm to offer tractors with 41.5T gross combination weight (GCW) and 43.5T GCW in two-axle configuration, the company said in a statement.

Hinduja Leyland Finance to merge with group firm NxtDigital in 9 months

NxtDigital handles broadband, digital cable television, content syndication, teleshopping

Hinduja Global Solutions Q4 profit jumps to Rs 5,686 cr on one-off gains

Hinduja Global Solutions said it consolidated profit after tax jumped multi-fold to Rs 5,686 crore for March, mainly on account of gains from divestment of its healthcare services business.

UK Rich List 2022: Hindujas on top, David and Simon Reuben in third spot

Sir James Dyson and his family are third on the list with wealth estimated at GBP 23 billion.

Ashok Leyland reports 42% rise in total commercial vehicle sales in April

The company had sold 8,340 units in the same month last year, Ashok Leyland said in a regulatory filing

Ashok Leyland to enter used commercial vehicles business

The phygital platform, as part of the partnership, will facilitate exchange and proper disposal and purchase of old commercial vehicles