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Hindujas Appeal Swiss Court's Jail Sentences
In a statement representing the family, their solicitors condemned the authorities for having "needlessly drag[ged] the good names" of Prakash and Kamal Hinduja, both aged in their 70s, and their son Ajay and his wife Namrata through the mud over human trafficking allegations from which they have all been completely cleared. These media reports that read between the lines of immediate detention for family members were denied by the explanation of the statement that due to Swiss law, principle of presumption of innocence prevails until the final judgement by the highest judicial authority is delivered.
G7 Summit Embraces India-Middle East-Europe Economic Corridor Initiatives
Identification of key initiatives from the Communique are to "promulgate G7 PGII, including flagship projects for economic corridors by means of solid infrastructure and investment." These include the development of improved coordination and financing for corridors such as the Lobito, Luzon, Middle, and the most important one, that of the India-Middle East-Europe Economic Corridor. They are building on those types of initiatives like the EU Global Gateway, Great Green Wall Initiative, and Mattei Plan for Africa of Italy.
Goyal pushes for resilient supply chains at G7 meeting in Osaka
Goyal said that the Covid-19 pandemic and the geopolitical events highlighted the vulnerabilities of the existing supply chains leading to an increase in commodity prices and global inflation.
India holds trade talks with Japan, UK on sidelines of G-7 meet in Osaka
Held a meeting with @Nishy03 , Minister of Economy, Trade and Industry, Japan, on the sidelines of the G7 Trade Ministers' Meeting in Osaka.
IRDAI rejection raises more questions for Hinduja led IIHL on source of funds for RCAP acquisition
In a letter to IIHL, the Reliance Capital Administrator has asked the successful resolution applicant, IIHL to to share the final executed change in control application with the insurance companies, along with the source of funds and the business plan which do not contemplate the creation of pledge over the shares of RGIC and RNLIC, for onward submission to IRDAI.
Churchill's Old War Office to reopen as Hinduja's luxury hotel in UK
Raffles London at the Old War Office (OWO), which will open with 120 rooms and suites with luxury residences, restaurants and spas, had tied up with the Hindujas after the UK's richest Indian-origin group had acquired the building opposite Downing Street over eight years ago.
Churchill’s Old War Office in London to reopen as Hinduja Group’s new deluxe hotel
The OWO - from where then British Prime Minister Winston Churchill guided the country's World War II efforts - will be inaugurated in its new avatar on September 26.
Ashok Leyland to acquire Hinduja group company OHM Global Mobility
In a regulatory filing, Ashok Leyland said post acquisition, it would invest up to Rs 300 crore in OHM India. According to Ashok Leyland, OHM India is a wholly-owned subsidiary of OHM International Mobility Limited UK (OHM UK).
Hinduja Group to get RBI’s nod to hike stakes to 26% in IndusInd Bank
According to the sources close to the Hinduja group, the RBI is expected to give its formal clearance to the group for stake hike. At an analyst conference, the IndusInd Bank management had said the promoters have applied to RBI for a stake hike. Currently two companies – Indusind International Holdings Ltd and Indusind Ltd – hold 12.57 per cent and 3.93 per cent, respectively, in IndusInd Bank.
Hinduja Group Chairman Srichand P. Hinduja passes away at 87
S.P. Hinduja (87) was the eldest of the four brothers. A statement issued by the family spokesperson read: "Gopichand, Prakash, Ashok and the whole Hinduja family with a heavy heart regret to announce the passing away of our family patriarch, and Chairman of the Hinduja Group, S.P. Hinduja today.
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