Page 13 - Hinduja Group

RBI panel's suggestion 'rightfully' puts greater onus on promoters: Hinduja

Applauding RBI's recommendation to increase the shareholding of bank's promoters in the bank, Ashok Hinduja said it rightfully puts a greater onus on the promoter-shareholders to exercise oversight

Gulf Oil second-quarter net profit declines 4.59% to Rs 59.13 crore

Hinduja group-owned lubes maker Gulf Oil reported a 4.59 per cent decline in net profit at Rs 59.13 crore for the September quarter of this fiscal. The company had posted a net profit of Rs 61.98 crore in Q2FY20, according to a Gulf Oil release on Saturday. The net sales declined 2 per cent to Rs 411.74 crore in the September quarter, as compared to Rs 421.28 crore in the July-September period of the previous fiscal. The company has recorded all round growth in July-September quarter to deliver significantly improved numbers based on initiatives to drive up volume growth across all segments and continuing cost prudence measures, Gulf Oil said in the release. "The demand conditions across many segments were showing strong revival and we are pleased to deliver a robust performance on both top line and bottom line front with highest quarterly profitability and highest EBITDA margins," said Ravi Chawla, Managing Director & CEO, Gulf Oil Lubricants India Ltd. A robust supply chain and

Ashok Leyland commercial vehicle sales rise 1% in October to 9,989 units

Hinduja flagship firm Ashok Leyland reported 1% increase in total commercial vehicle sales to 9,989 units in October

Air India to fetch better valuation if sold with zero debt, say bidders

Debt-free airline is a good opportunity to invest, say prospective buyers

Ashok Leyland's Chairman Emeritus R J Shahaney passes away after illness

Shahaney laid the strong foundation in manufacturing, engineering and technology for the company

Hinduja Global Solutions Q1 net profit up 21.7% at Rs 49.2 crore

Hinduja Global Solutions (HGS) has registered a 21.7 per cent rise in consolidated net profit at Rs 49.2 crore for the quarter ended June 2020

HGS Digital joins Amazon Web Services Contact Center Intelligence solutions partner program

With 61 delivery centers in 7 countries, HGS successfully manages billions of customer interactions every year

Will SC verdict on coparcenary lead to more disputes among biz families?

Lawyers say this judgment can open a can of worms as women in many business families can now assert their right to an equal share in inheritance

Re-examining business, operating models, says Ashok Leyland chairman

Hinduja Group flagship Ashok Leyland is re-examining the business and operating models in the wake of the COVID-19 outbreak, a top official has said.

Hinduja group media arm claims turnaround, plans services in new countries

NXTDIGITAL reports annual profit of Rs 110.05 crore as against a loss of Rs 303.43 crore a year ago.

Hinduja Global Solutions profit dips 17.8% to Rs 44.8 cr in March quarter

HGS' revenue from operations, however, grew 2.6 per cent to Rs 1,318.6 crore in the quarter under review, as against Rs 1,284.6 crore in the year-ago period

Tech Mahindra, Hinduja Group's CyQureX sign pact for cyber security biz

IT company Tech Mahindra and Hinduja Group's CyQureX on Wednesday announced a global partnership to jointly offer cyber security solutions. Under the partnership, Tech Mahindra will provide consulting, planning, designing, integration, orchestration and automation of services and CyQureX will prioritise capabilities in the cyber security domain, a joint statement of both the entities said. "We see cybersecurity not only as an essential service but as a key business differentiator for our clients. The partnership with Hinduja Group's CyQureX aligns with our core business proposition, and will further strengthen our position as the cybersecurity partner of choice for our customers globally," Tech Mahindra managing director and chief executive officer CP Gurnani said in a statement. Hinduja group co-chairman GP Hinduja said with rapid transformation of business to digital, cybersecurity will be the cornerstone to protect all digital assets, particularly for digital transformation of ..

Best of BS Opinion: A military set free, search for Covid-19 vaccine & more

Here's a selection of Business Standard Opinion pieces for the day

When succession plan is just a letter

There was no will; no other binding documents; no family constitution - just a letter, prompting a leading lawyer to say it couldn't get more absurd than this.

Hinduja brothers must seek mediation to settle issues, say lawyers

The complex holding structure of various group companies across various jurisdictions can lead to multiple and fresh litigation for years, they warn.

Hinduja Group shares trade weak; IndusInd Bank, Ashok Leyland slip up to 4%

The legal battle in the Hinduja family, which could result in a partition of family assets, is likely to delay their plan to increase stake in IndusInd Bank

Hindujas' plan to hike stake in IndusInd Bank likely to face delays

The bank is promoted by holding companies IndusInd International Holdings and IndusInd, which are predominantly controlled by Ashok Hinduja, the youngest among the four Hinduja brothers.

Hinduja brothers battle for 16 billion pound family assets in UK high court

The case revolves around the "validity and effect" of a letter that states brothers appoint each other as their executors, and that assets held in any single brother's name belong to all four

Hinduja brothers battle over $11-billion family fortune in UK High Court

A 2014 letter that says assets held by one brother belong to all four is at centre of legal dispute; S P Hinduja's daughter to act on his behalf

Lessons from Hinduja brothers' battle

It is time business families focussed on governance