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Hinduja Brothers
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 Singh helped break the shackles of India's outdated protectionist policies and opened India to the world.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
Britain's wealthiest family, the Hindujas, on Friday said they were appalled by a Swiss court's ruling of jail terms for some members in Geneva and that an appeal has been filed in a higher court challenging the verdict finding them guilty of exploiting vulnerable domestic workers. In a statement issued on behalf of the family, lawyers from Switzerland stressed their clients Prakash and Kamal Hinduja, both in their 70s, and their son Ajay and his wife Namrata had been acquitted of all human trafficking charges. They also dismissed media reporting that any members of the family faced detention after court reports from Geneva said the four were sentenced to between four and four-and-a-half years in prison. Our clients have been acquitted of all human trafficking charges. We are appalled and disappointed by the rest of the decision made in this court of first instance, and we have of course filed an appeal to the higher court thereby making this part of the judgement not effective, ..
The Hinduja Group and King's College London on Wednesday announced a new partnership aimed at improving healthcare outcomes in India and the UK, through training and research capacity building as well as scholarships for Indian students. King's College London, Guy's & St. Thomas' NHS Foundation Trust, the Hinduja Foundation UK and Mumbai's P.D. Hinduja Hospital & Medical Research Centre run by the National Health & Education Society are involved in the new strategic partnership to advance two-way training, education and research capacity building. It will lead to the creation of a new Hinduja-King's Health Partners Academy with the aim of driving forward the development of new technologies to address global healthcare challenges. This collaboration will only strengthen the UK's close links to India, and create greater research capacity in healthcare engineering, clinical innovation, and advanced training," said UK Deputy Prime Minister Oliver Dowden after a visit last ...
The Income Tax department on Wednesday conducted a survey operation at some entities of the Hinduja Group in Mumbai and some other cities, official sources said. The survey operation is being undertaken as part of a tax evasion investigation and offices in Mumbai and some other cities are being covered, they said. As per the I-T law for survey operations, only office premises are being covered. An email sent by PTI to the Hinduja Group did not elicit an immediate response. Sources said the tax department action is also linked to provisions of the General Anti-Avoidance Rules (GAAR). The Hinduja Group, which owns IndusInd Bank, Hinduja Leyland Finance and Hinduja Bank (Switzerland), is diversifying and has plans to get into the new tech, digital and fintech as part of its new phase of growth and fill gaps through acquisitions to have complete offerings in the BFSI sector.