'India is home to the third-largest number of family-owned businesses in the world.' 'While everyone pays lip service to succession planning being entrenched in the functional DNA of family-owned business enterprises, it's still not an area of focus for a lot of family businesses', points out Shyamal Majumdar.
A mere two-bedroom apartment - albeit quite spacious, covering 3,000 square (sq.) feet (ft) - will set you back 5.8 million. That's the asking price from the Indian-owned Hinduja Group, if you desire a nest in London Whitehall's iconic Old War Office (OWO). Its 1,100 rooms are now being converted into 85 residences and a first-ever hotel to be operated in Britain by Singapore's legendary Raffles Hotels chain. Gopichand Hinduja, co-chair of the conglomerate, said: "Every decision made on The OWO (as the building is fondly called) is underscored by our passion and respect for the heritage of the building and long-term commitment to London."
The Prayagraj airport in India is experiencing a surge in air traffic due to the Maha Kumbh, a major religious festival. The airport is handling an average of 40 non-scheduled charters and private jets daily, with figures reaching 70 on weekends. This is in addition to the average 148 scheduled commercial passenger aircraft operating daily. The airport recently received a contingent of about 180 politicians from Rajasthan and has seen corporate bigwigs like the Ambani brothers, Gautam Adani, and Pawan Munjal pass through. The airport has also hosted four international flights since the beginning of the Maha Kumbh, including a flight carrying Laurene Powell Jobs, the wife of Apple co-founder Steve Jobs. The airport is currently undergoing an upgrade and expansion, and officials are looking forward to the government's plans to integrate Prayagraj with the airports at Kashi and Ayodhya to promote tourism in the region.
Billionaire S P Hinduja believes the 'whole world has awakened to this evil of terrorism' because of the Mumbai attacks. He said he was especially glad that the attacks 'have mobilised our youth like never before.'
While the interest from Hinduja is a positive sign for the grounded airline, executives of banks cautioned that there is no certainty that the deal will fructify. The cost of recapitalising Jet Airways is increasing every day.
Hinduja's youngest daughter Renuka will tie the knot with Swiss lawyer Olivier Cadavini on Sunday. Renuka, a senior associate with law firm Altenburger, is based in Geneva.
'This market for diesel starts at around Rs 6.3 lakh and goes up to Rs 7 lakh, and with Saathi we have our usual price set at Rs 6.5 lakh, so we are slightly on the lower side with a superior product.'
Netflix has announced a thrilling line-up for 2025.
'Assuming he has a sensitive bug, which is responsive to antibiotics, it may not necessarily be the worst-case scenario.'
Hinduja Group Chairman S P Hinduja on Saturday hailed the Modi government's Budget as "socially inclusive" that lays a clear roadmap for placing India on double digit growth trajectory in the medium term.
Directed by Raj and DK, and written by Sita R Menon, the spy series stars Varun Dhawan and Samantha, and is a prequel to Priyanka Chopra's Citadel. Citadel: Honey Bunny begins streaming from November 7 on Amazon Prime Video.
Hinduja Group on Thursday said it was "very much in the race" to acquire India's fourth largest mobile player Hutch-Essar and said that it would begin reading the books of the target company from Monday.
The Hinduja Group-owned Amas Bank (Switzerland) Ltd on Monday said it has changed its name to Hinduja Bank to show the group's increased commitment to its banking business in Switzerland.
The Hinduja brothers, who run the multinational Hinduja Group conglomerate with interests across automotive, real estate and oil, moved up from third position last year to top the UK's billionaire charts this year.
59 of the 101 millionaires have seen an overall increase in net worth.
Indian cricket legend Kapil Dev was also honoured with a Lifetime Achievement award at the ceremony.
The Hinduja Group, which has evinced interest in acquiring India's fourth-largest mobile operator Hutchison Essar, is also considering to buy part of a controlling stake in Telecom Italia, media reports said in London.
Dismissing concerns of India facing a governance deficit, Prakash P Hinduja, chairman, advisory board of Hinduja Bank, Switzerland, said on Tuesday that the Indian economy continues to enjoy confidence of global investors.
Telecom Italia's biggest shareholder is controlled by Pirelli, the Italian tyre and real estate group.
NRI businessmen Hindujas on Monday began studying the books of Indian telecom firm Hutch-Essar for which they are understood to have roped in leading Spanish Bank 'Banco Santander' for financing the multi-billion dollar deal.
Financing would not be an issue for the group that had business interests in global finance, telecommunications, film, oil and the automotive sector.
NRIs must be given business priority in India.
Private banking refers to customised service, including wealth management, provided to high networth individuals.
Hinduja Brothers are keen to invest in Indian Infra projects.
"It has been a long period of harassment and suffering in a personal sense and also business-wise and nothing can compensate for that", the statement said.
The Hinduja Group is exploring investments in infrastructure, including roads and power, and is planning to enter the passenger car segment.
The UK-based group, run by billionaire Hinduja brothers, is already present across various countries including India in sectors like banking, auto, energy, technology and healthcare and has a turnover of over $25 billion (about Rs 1.4 lakh crore or Rs 1.4 trillion).
Hinduja Group chairman S P Hinduja on Friday called for transparent policies, simplified procedures, and better business environment in India to attract investments from overseas Indians and foreigners.
Hindujas had put in a bid of $20 billion -- higher than Vodafone's bid of $19.3 billion.
London Mayor Boris Johnson officially welcomed the introduction of the buses.
The group chairman Srichand P Hinduja said in that finance minister Pranab Mukherjee has presented a 'confidence - building Budget of hope and change with focus on all inclusive growth.
The Hinduja Group chairman, who was in Davos to participate in the World Economic Forum, however, noted that the incident might not have much impact on the reputation of India Inc in the eyes of foreigners, who are more used to such scams. Raju's confession not only shocked India Inc, but investors all over the world. Such type of wrongdoings are more prevalent in the western world and foreigners are used to this kind of happenings, Hinduja said.
The expansion into nuclear is part of the group's plan to invest as much as $ 50 billion by 2014 to expand its business in the world's second-most populous nation. The group has already concluded talks with overseas companies which can offer technological and related support to enter the business. "There will be a flood of American investments in the country once the deal is concluded," S P Hinduja said.
The Hinduja Group on Monday said it is looking at bidding for Satyam Computer Services but yet to take a decision.
The Hinduja Group has signed a deal with Dubai World to offer healthcare services in India.
Hinduja brothers have been ranked as Britain's richest Asians in 2014 with a total worth of 13.5 billion pounds, an increase of one billion pounds over the previous year.
The Hinduja family is planning investments of about $50 billion (Rs 2 lakh crore) in the next five years in India and abroad, led by a foray into oil and gas in Iran. The closely held group, run by four billionaire brothers, is also planning large investments in real estate, automotives, power and infrastructure, mostly in India, Europe and West Asia.
