Page 2 - Hinduja Group

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

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