Page 2 - Hinduja Group

Hinduja Global Services elevates Venkatesh Korla as Global CEO

Hinduja Global Solutions (HGS) on Thursday named Venkatesh Korla, President and CEO of HGS Americas, as the new Global CEO. He will take charge after the retirement of current Group CEO Partha DeSarkar in September 2025, the company said in a statement Additionally, Mahesh Kumar Nutalapati, Deputy CFO since February, has been elevated to the position of Global CFO. Korla brings over 25 years of experience in digital services and customer experience, having led digital transformations and founded Element Solutions, now part of HGS' technology services. "The company is currently evolving to align towards an AI-led future in line with the technology changes in the market and evolving client needs. Venkatesh, with his deep expertise and proven track record of leading digital transformation at scale, is the right person to lead HGS's future growth with a digital approach," Ashok P Hinduja, Chairman of HGS, said. HGS, a business process management firm, employs over 18,000 people acros

We are well positioned as long as Indian market grows: Dheeraj Hinduja

Dheeraj Hinduja talks about its export ambitions, electric vehicle (EV) business, and geo-political scenario

Ashok Leyland posts record Q4 profit, plans ₹1,000 crore FY26 capex

Ashok Leyland posted its highest-ever quarterly and annual profit in FY25 with net profit up 32 per cent in Q4 and has lined up ₹1,000 crore capex for FY26

Here's why Hinduja Global Solutions shares rose 7% in trade on May 12

Hinduja Global Solutions has opened its newest AI-powered digital customer experience and Data & Analytics innovation center in Waterloo, Ontario

Ashok Leyland partners with Nagaland Rural Bank for vehicle financing

Hinduja Group flagship company Ashok Leyland has signed a Memorandum of Understanding with Nagaland Rural Bank to provide customised vehicle financing solutions to its customers, a senior company official said. The Memorandum of Understanding would focus on meeting customer needs by providing vehicle loans with monthly repayment plans based on their preferences. "At Ashok Leyland, we are dedicated to continuously enhancing customer experience and delivering greater value in our products and services. Nagaland Rural Bank is a regional rural bank with a strong presence in the State." Ashok Leyland CFO Balaji K M said. "With this partnership in place, our customers in the region will have access to comprehensive financing solutions with specially curated easy repayment plans," he said. Ashok Leyland Head-Treasury and Direct Taxation C Neelakantan exchanged documents with Nagaland Rural Bank Chairman Velayutham Sadhasivam as part of the MoU, a company statement here said on ...

IndusInd Bank slips 3% ahead of PwC's likely report on accounting issues

Reports suggest that external auditor PwC would submit its report to IndusInd Bank's board regarding accounting discrepancies in its derivatives portfolio today

Breakfast meeting revives Ashok Leyland's stalled bus plant in Andhra

Ashok Leyland, the world's fifth-largest bus manufacturer, in 2018 announced plans to set up a new factory near Vijayawada in Andhra Pradesh. The foundation stone for the unit, which was expected to produce 4,800 buses annually, was laid in March 2018 but work stalled due to a change in the state government. Upon finding out about the stalled project, Nara Lokesh, Andhra Pradesh Minister and chairman of the cabinet committee on job creation, invited the Hinduja family to Hyderabad for a breakfast meeting on December 22, 2024. Rest is history. Roadblocks were cleared and the bus manufacturing facility was inaugurated on March 19. Sources with knowledge of the matter said Hinduja Group firm Ashok Leyland had proposed the bus manufacturing facility in 2018. The then chief minister N Chandrababu Naidu had laid the foundation stone for the facility on March 31, 2018. But a year later, Naidu lost power and YSR Congress Party (YSRCP) led by Y S Jagan Mohan Reddy came to power. Thereafter

Promoters will infuse capital into IndusInd Bank if needed: Ashok Hinduja

Bank is currently well-capitalised; awaiting RBI clearance for stake raise from 15% to 26%

At what level does IndusInd Bank stock become a Buy? What analysts say

Investors should not rush into IndusInd Bank stock right now, but buy on news flow and in a phased manner, reckons Gaurang Shah of Geojit Financial Services.

LIC, ICICI Pru, SBI MF: Top mutual funds who own IndusInd Bank stock

According to ACE Equity data, LIC and ICICI Prudential fund held more than 5% stake in IndusInd Bank; another 13 fund houses owned more than 1 per cent equity of the bank as of December quarter.

Hinduja Group stocks tumble today as downgrades hit IndusInd Bank

Hinduja Group stocks: Share price of Ashok Leyland, and Gulf Oil Lubricant fell as low as 3.8 per cent each on Tuesday

Expect export growth to remain strong in coming quarters: Hinduja

Geopolitical turmoil has risen due to ongoing wars like the Russia-Ukraine conflict and the Israel-Gaza crisis, causing global instability

Delisting Reliance Cap one of last milestones towards acquisition: Hinduja

IndusInd International Holdings Ltd (IIHL) Chairman Ashok P Hinduja said the delisting of Reliance Capital is one of the last milestones towards the closure of the acquisition of the debt-ridden financial firm. "This is one of the last milestones towards the closure of this acquisition process", he said, while referring Reliance Capital approaching bourses for delisting of its shares as part of resolution process. Reliance Capital on Tuesday in a regulatory filing said it has approached the bourses for delisting of its shares as part of the resolution process. "The delisting is likely to be completed by the stock exchanges by the end of this month. Thereafter, the transaction is likely to be completed by February 10," said a person aware of the development. Reliance Capital had said it has in accordance with the approval of the monitoring committee, made applications to the BSE and the NSE for delisting of equity shares of the company, RCAP said in a regulatory filing. Besides, it

In 5 years, we want to cross 50,000 export mark: Ashok Leyland MD & CEO

Agarwal talks about the new product, alternate fuels plans, and export roadmap

Former PM Manmohan Singh was India's man of destiny, says G P Hinduja

Late Manmohan Singh was India's man of destiny and the country owes much to the former prime minister, who played an integral role in bringing India from nuclear isolation to the mainstream of global nuclear nations, Hinduja Group Chairman G P Hinduja said on Sunday. In a tribute to Singh, who passed away on Thursday, Hinduja said he was a colossus among economists. "He was India's man of destiny when the country on the brink of bankruptcy needed someone to take charge. His clear vision to revive the nation demonstrated through an epoch-making budget in 1991, marked a turning point unlike any other on the road to liberalisation," Hinduja said in a statement. Singh helped break the shackles of India's outdated protectionist policies and opened India to the world. A transformative act, that will forever be remembered in letters of gold when the history of modern India is penned in the future, he added. Thus, from the liberalisation of the Indian economy to the abolition of the licenc

IIHL's takeover of Reliance Capital set to complete by January end

RCap subsidiaries to get listed by mid-2026, 2027

Hinduja Leyland Finance eyes $300-500 million through debut dollar bonds

So far in FY25 (up to October), Indian corporates have raised around Rs 35,000 crore from overseas investors through bonds

Hinduja Group seeks Rs 4,300 crore for Reliance Capital's second tranche

Hinduja Group seeks Rs 4,300 crore for Reliance Capital's second tranche, delays due to DPIIT approval; first tranche of Rs 3,000 crore raised in September via Barclays, 360 One

DPIIT gives nod to Hinduja Group firm IIHL for acquisition of RCAP

The Department for Promotion of Industry and Internal Trade (DPIIT) has given a go-ahead to Hinduja Group firm IIHL for acquisition of debt-ridden Reliance Capital Ltd (RCAP), sources said. DPIIT approval was required as some of the shareholders of IndusInd International Holdings Ltd (IIHL) are residents of Hong Kong, a special administrative region controlled by China. According to Press Note 3, if an entity from a nation sharing a land border with India (China, Bangladesh, Pakistan, Bhutan, Nepal, Myanmar, and Afghanistan), or if a citizen or permanent resident of any such country is the beneficial owner of an investment in India, they are required to pursue investment through the government approval route. According to sources, the green signal from the DPIIT will help take forward the resolution plan submitted by Mauritius-based IIHL, which emerged as the successful bidder by submitting Rs 9,861-crore bid for the debt-ridden financial firm. The NCLT Mumbai on February 27, 2024,

Ashok Leyland strengthens retail presence in east with West Bengal outlet

Hinduja Group flagship company Ashok Leyland has set up a light commercial vehicle dealership in West Bengal, as part of plans to expand its footprint in the eastern region. With the setting up of new facility in Siliguri, the light commercial vehicle distribution network grew to more than 800 touch points, Ashok Leyland said. "We are excited to further strengthen our presence in this region. West Bengal and Eastern India at large, have been a key market for us. We have always recognized the potential this region has and we are excited about the opportunities that lie ahead in this geography. We have been working on creating a strong foothold in this region, and the new dealership in Siliguri will bolster our presence," said company Head-Light Commercial Vehicle Business, Viplav Shah in a statement on Thursday. The new channel partner 'Happie Trucking' has a sales facility at Eastern Bypass Road, SBM Warehouse, Siliguri while service and spares facility in Thakur Nagar, New ...