Page 7 - Hinduja Group

Top 10 business headlines: Ambani vs Chandra, SBI Cards IPO, and more

The much-awaited initial public offering of SBI Cards and Payment Services, a subsidiary of State Bank of India, will open on March 2, confirms its prospectus

Hinduja Group, Cerberus Capital may partner to bid for YES Bank stake

The beleaguered Indian lender has been struggling to raise capital for the past few months, amid concerns about the quality of its assets and its exposure to the stressed shadow banking sector

HGS Q3 net profit up 93.7% to Rs 71.1 cr on client wins, health care

The company saw its revenue from operations grow 5 per cent to Rs 1,335.7 crore in the quarter under review as against Rs 1,272.6 crore in the third quarter of 2018-19.

Ashok Leyland sales slump 40 per cent in January to 11,850 units

The company had sold 19,741 units in the same month last year, Ashok Leyland said in a regulatory filing

Top events today: Air India stake sale, Cong parliamentary meet, and more

Congress' strategy group will meet at interim chief Sonia Gandhi's residence here on Monday to discuss the party strategy in the session

Hinduja and US-based Interups join race to acquire cash-strapped Air India

NY-based fund wants govt to include maintenance unit in deal

Govt must shed British-style bureaucracy to achieve $5 trn economy: Hinduja

The industry veteran Gopinath Hinduja said that the company has been willing to invest more than $20 billion in India

Hinduja Group offers to help Punjab in addressing stubble burning problem

The offer was made during a meeting between Punjab Chief Minister Amarinder Singh and Hinduja Group Chairman Prakash Hinduja, an official statement said here

Ashok Leyland plans up to 12 non-working days in sixth such move since July

The company has been suffering a massive and sustained drop in CV sales due to weak offtake brought on by economic slowdown

HGS to sell India domestic CRM biz to Altruist India for Rs 40 crore

The transaction is expected to close by January 31, 2020 and is subject to necessary approvals

Hindujas not planning to invest in India's aviation sector: Dheeraj Hinduja

Hinduja is a diversified group present across 38 countries, with interests in automobiles, power, chemicals, finance and other sectors

HGS bets on banking, HR segments as demand from domestic telecom slips

Owing to a churn in India's telecom sector, the company's share of domestic business dropped to 27% in Q1FY20 as compared to 31% a year earlier

Hinduja group wants to steer clear of grounded Jet Airways' past

Before striking any deal, the group wants to be sure that it won't be made party to cases linked to airline

Hinduja Global Solutions to focus on India, counter Brexit factor in UK

Company's consolidated net profit rises to 6.2 per cent annually to Rs 54.55 crore for the quarter ended March 31.

US acquisition, dip in India biz drag Hinduja Global Solutions Q2 net

The company reported 22.9% rise in its revenues at Rs 11.58 bn in the quarter when compared with the corresponding period previous fiscal

Hinduja Global Solutions to expand in US with health care focus

'We are also looking at increasing the pie of platform business to around 25 per cent in the next three years'

Hinduja Leyland Finance to raise Rs 5 billion as primary capital

Company to put up 31 mn shares on offer; Everstone, the only outside investor in the firm to make a partial exit

Hinduja Leyland Finance's proposed IPO size expected to be Rs 10-15 bn

The company had dropped its IPO plans worth Rs 5-7 billion in 2016 due to demonetisation

Hinduja Global Solutions posts 13% rise in Q4 net to Rs 482 million

Q4 margins were muted due to one-time costs of acquisitions, CEO of Hinduja Global Solution, Partha DeSarkar said

Hinduja Leyland Finance sees gross income rising to Rs 2,000 cr this fiscal

Hinduja Leyland Finance, the non banking finance company of Hinduja Group, is expecting its gross income during the current fiscal to grow to around Rs 2,000 crore and doubling of its assets under management by the end of the fiscal despite the challenges in the commercial vehicles market.Commenting o the company's growth prospects, S Nagarajan, executive vice chairman of the company said, "We are doing well. We will end the year with Rs 20,000 crore of asset under management, from around Rs 10,000 crore last year." The AUM during the period ended September, this year stood at around Rs 15,000 crore.In terms of gross income the company is expecting around Rs 2,000 crore by the end of this fiscal year. It may be noted that the revenue of the company last fiscal year was around Rs 1486.31 crore.Almost 40 per cent of its portfolio is commercial vehicles, around 10 per cent each in two-wheeler, loan against propety and three wheeler lending and the rest in used vehicles and others. It ...