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Insurance regulator IRDAI has expressed some reservations over Hinduja Group firm IndusInd International Holdings’ (IIHL) resolution plan for debt-ridden Reliance Capital, which is also in the insurance business, including non-life, sources said. Insurance Regulatory and Development Authority of India (IRDAI) in a recent communication to Nageshwara Rao Y, the administrator of Reliance Capital has said […]
Ashok Leyland Green Field Plant: The greenfield manufacturing facility will be spread over 70 acres. Packed with the latest in manufacturing technology, this will be Ashok Leyland’s most modern and green factory worldwide, delivering world class quality standards, the company 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, official sources said.
After hitting a multi-year low in FY21 due to the pandemic, India's truck and bus market has been growing in the last couple of years. In FY23, it surpassed the FY18 peak with 962,000 vehicles. It had sold 856,000 in FY18, according to the Society of Indian Automobile Manufacturers.
Ashok Leyland, the commercial vehicle manufacturer owned by the Hinduja Group, is setting its sights on a significant increase in its export revenue over the next five years. As per Dheeraj Hinduja, the company's Executive Chairman, the goal is to have more than one-fifth of the company's revenue coming from exports.
Ashok Leyland Hinduja: A payment security mechanism is essentially a payment security fund that provides interest-free capital in case of default in payments. In the case of electric buses, the onus of unhampered payments to the service provider lies on the state transport undertakings (STUs).
Hinduja Renewables: RUMSL is a joint venture between the Solar Energy Corporation of India and Madhya Pradesh Urja Vikas Nigam," a company statement said.