Mumbai: Hinduja Group, the winning bidder for Reliance Capital (RCap), has reworked its fundraising plan by splitting it into two blocks: domestic and overseas. The group is looking to raise ₹7,500 crore funds from a mix of domestic and overseas private credit funds at 15%. Domestically, Hinduja plans to raise ₹3,500 crore from investors, including … Read more
Domestic staff for the billionaire Hinduja family settled a civil case over alleged worker exploitation in Switzerland while a criminal case against them continues. A deal to end the civil suit was reached this week, Olivier Peter, a lawyer for one of the three claimants said, without confirming the details of the accord. The settlement … Read more
Heavy commercial vehicle manufacturer Ashok Leyland has launched the ‘Sarathi Suraksha’ Policy aimed at safeguarding the driver community, which insurance coverage of up to Rs 10 lakh.The policy, classified as an ‘Unnamed GPA (Group Personal Accident) policy’ covers any driver operating an Ashok Leyland vehicle, providing comprehensive protection for the drivers. The comprehensive insurance policy … Read more
Chennai: Hinduja Group flagship company Ashok Leyland has lined up 5-6 product launches this year in the light commercial vehicle segment, a top official said here on Friday. The city-based medium and heavy commercial vehicle maker has earmarked Rs 500 to Rs 700 crore as Capital Expenditure for this financial year, Managing Director and CEO … Read more
Mumbai: Hinduja Group-linked IIHL BFSI (India) has sought the banking regulator’s approval to pledge 100% shares of Anil Ambani-promoted Reliance Capital, the company it acquired in a bankruptcy resolution, to raise ₹8,000 crore, people with knowledge of the matter told ET. IndusInd International Holdings (IIHL), a holding company of IIHL BFSI (India), received the NCLT … Read more
Chennai: Ashok Leyland, the Hinduja Group flagship, will roll out six new light commercial vehicles (2-3.5 tonne) in the next 12 months as part of a plan to increase its LCV market share to 25% from 20% now, a top official said. “This year, we have six versions of the Dost lined up. We will … Read more
Mumbai: Invesco is looking to sell a majority stake in its Indian mutual fund arm, said two people familiar with the development. The US investment manager is in talks with the Hinduja Group for the deal, which will pave the way for the bank-to-auto conglomerate’s entry into India’s fast-expanding asset management industry. Invesco could sell … Read more
Hinduja Group flagship company Ashok Leyland has reported a seven per cent decline in its vehicle sales made in March at 21,317 units. The city-headquartered heavy commercial vehicle maker had sold 22,885 units during the same month of last year. Ashok Leyland had sold 14,517 units of medium and heavy commercial vehicles in March 2024 … Read more
CHENNAI: Hinduja Group flagship company Ashok Leyland on Tuesday said it has signed a strategic alliance with Minus Zero aimed at developing tailored autonomous trucking solutions in the country. Bengaluru-based Minus Zero is an autonomous driving technology startup and this partnership aims to revolutionise commercial trucking through autonomous solutions at scale. The initial focus of … Read more
Hinduja Group flagship company Ashok Leyland on Thursday said it has reached a significant milestone of having rolled out three million units out of its factory in Uttarakhand. The heavy commercial vehicle maker said it was moving steadfast on its vision to become one among the top 10 Commercial Vehicle (CV) manufacturers globally. “We are … Read more
