NEW DELHI: The government has banned 59 Chinese apps in “a targeted move to ensure the safety and sovereignty of Indian cyberspace.” The IT ministry said the apps listed, including ByteDance’s TikTok, WeChat, and others owned by Tencent, Alibaba, Baidu and Xiaomi “engaged in activities prejudicial to sovereignty and integrity of India, defence of India, security of state and public order.” The move comes in the backdrop of current stand-off along the Line of Actual control (LAC) in Ladakh with Chinese troops. This marks the largest sweep against the Chinese technology companies. What it means for Chinese tech firms The ban significantly narrows a top growth market for Chinese technology firms and may embolden other governments to shut them out. For Beijing-based ByteDance, India has been the biggest driver of TikTok installs, accounting for 611 million downloads, or 30% of the total, according to SensorTower. Cutting off new users, and existing ones as they try to install updates, will sting its mooted valuation of $110 billion.
The company faces a similar backlash in the United States where lawmakers are also suspicious about Beijing’s access to consumer data. Slippery road ahead for startups? The blacklist excludes the country’s most valuable startups, including the $16 billion payments giant Paytm, backed by Ant Financial, as well as education star Byju’s, which counts Tencent as an investor. In total, 18 of India’s 30 unicorns have Chinese funding, Gateway House, a Mumbai-based think-tank reckons. But new investment rules and rising anti-China sentiment may slow the overall flow of capital from the People’s Republic and that will hurt growth.
Will banning apps be easy? Digital and technology experts say that it will be difficult to execute the ban on 59 Chinese apps as it would require internet service providers to blacklist every host name and domain name associated with these apps. It would also require Google and Apple to remove these apps from their stores, which could expose users to unofficial versions of the apps.
Experts explained that technology companies upload the official version of their apps on the App Store (Apple) and Play Store (Google), but even when applications are taken down from these platforms, users can still download their unofficial versions from the web. This poses additional security threats since companies do not roll out updates for the unofficial versions of the apps. Updates generally fix vulnerabilities, which otherwise can be exploited by hackers and cyber criminals. What TikTok has to say TikTok on Tuesday said it is in the process of complying with the government’s order on blocking of the app, and asserted that it has not shared information of Indian users with any foreign government, including that of China.
The app has been taken down from Google Play store and Apple App store. (With agency inputs)
NEW DELHI: Indian and US technology companies are urging the Trump administration to reconsider an executive order freezing access to many work visas, warning the move would undermine a business model used to supply high-skill talent to clients from Wall Street to Silicon Valley. Donald Trump’s order last week halts approvals of a range of visas through year-end, including those for intra-company transfers and study-abroad programs, and is aimed at giving Americans preference after record job losses from the coronavirus pandemic. Key for the tech industry are H-1B visas used by workers from India and other countries to fill key roles. Visa processing is an elaborate, months-long affair so any disruption could hurt the ability of critical workers to travel to clients sites for an extended period. Already, the virus lockdowns have blocked consulate visits essential to the process and forced hundreds of thousands of workers into challenging work-from-home situations. India’s technology trade group, Nasscom, called Trump’s order “misguided and harmful to the US economy” and warned it would exacerbate the country’s economic pain. Indian companies provide technology staff and services to US hospitals, drugmakers and biotechnology companies, Nasscom pointed out. In addition, the industry may send more workers to Canada or Mexico without access to the US market. “These are highly-skilled workers who are in great demand and they will be mobile no matter what,” said Shivendra Singh, president of global trade development at Nasscom. Among the other critics of the order were Alphabet Inc chief executive officer Sundar Pichai, Microsoft Corp president Brad Smith and Tesla Inc founder Elon Musk. Pichai, himself a beneficiary of the H-1B visa system in the 1990s, tweeted, “Immigration has contributed immensely to America’s economic success making it a global leader in tech, and also Google the company it is today.”
Immigration has contributed immensely to America’s economic success, making it a global leader in tech, and also Go… https://t.co/dnE6h9JG8U
— Sundar Pichai (@sundarpichai) 1592864457000
Tata Consultancy Services Ltd, Infosys Ltd and Wipro Ltd, among the largest outsourcing companies in Asia, declined to comment. India accounts for about 70% of the 85,000 H-1B visas issued annually, according to immigration data. Of this total, 65,000 visas are issued to foreign talent with bachelor’s degrees, while the remaining 20,000 can be allotted to workers who have more advanced degrees. The visa system was conceived so companies could hire overseas workers to fill a shortage of high-skilled talent in technology services and product development. The fact that Indian outsourcers collect a substantial share of the visas each year has made the program controversial, with critics arguing that companies abuse the system by replacing American workers with cheaper foreign labor. Soon after taking office, Trump vowed he would crack down on work visas and reform the “broken” immigration system. One longer-term concern for outsourcers is the administration’s planned revamp of the current H-1B visa program, which would replace the current lottery system for determining who gets visas with a merit-based system that prioritizes applicants based on wages. That would mean more workers with high salaries would likely receive visas. Now, outsourcing companies are dealing with the unpredictability of the visa situation and the prospect that an H-1B revamp could make it difficult to send anyone but the most critical of talent overseas. The most recent visa curbs could hammer outsourcers’ current model of talent deployment. Companies are beginning to question whether so much onsite travel is necessary, and some are ramping up local hiring or local subcontractors. The pandemic has prompted companies to look at worker clusters away from client sites but close enough to collaborate on projects. For instance, if a company has 20,000 employees spread across 40 cities, these could be aggregated in a few clusters and if the visa restrictions continue, the clusters may not be in Texas or New Jersey but in Canada or Mexico. “Offshoring could increase because, for clients, the virus lockdowns have already driven home the merits of remote working,” said Singh, speaking over the phone from New Delhi. Indian companies could see an impact on their margins because of increased worker salaries, higher costs of local hiring and subcontracting and the collateral damage from visa rejections and prolonged processing times. “The temporary suspension of H-1B visa programme till December 2020 will hamper execution of pipeline and new projects coupled with margin impact resulting from higher onshore hiring,” credit rating company ICRA said in a note last week.
NEW DELHI: India’s fastest-growing Lifestyle community-commerce platform Trell has witnessed a huge upsurge in the app downloads with more than one million downloads so far, just after the decision made by India to promote Atmanirbhar Bharat. Popularly known as Video Pinterest for Bharat, Trell is the go-to platform for users to share their experiences, recommendations, and reviews across various categories including health and fitness, beauty and skincare, travel, movie reviews, cooking and home-décor. The lifestyle vlogging platform allows users to create 5-minute videos in their native languages. The app also offers a ‘shop’ feature that lets users purchase the products featured in the vlogs. Additionally, the platform also allows users to earn rewards, goodies and vacations through its app. “We thank and congratulate Narendra Modi Sir for taking this bold step. We welcome all the Tiktok and Chinese Apps content creators with open arms to come and engage on Trell, which is 100% Indian App. As the leading Indian lifestyle social app we will continue to ensure that the privacy and data of users will be protected and will remain within the boundaries of our nation. Jai Hind!,” said Pulkit Agarwal, co-founder of Trell. Trell has recently launched its platform for three new Indian languages, Marathi, Kannada and Bengali which makes it available in eight different languages now. Since its inception in 2017, Trell has been committed to serving the entertainment needs of vernacular consumers across the country with over 60% of its users hailing from tier-2 and tier-3 cities. With over 30 million downloads and nine million monthly active users on its app, Trell has witnessed a 25x growth within one year.
NEW DELHI: Social media app TikTok has been removed from the app stores in a bid to curb downloads after the government ordered to block as many as 59 apps owned or backed by the Chinese. A search for the app done on Tuesday morning showed no results on both Apple App Store and Google Play Store. However, no official statement has been made by Google or Apple on the removal so far. The Modi government on Monday “blocked” as many as 59 apps, including popular ones such as TikTok, UC Browser, WeChat, Shareit and CamScanner for “engaging in activities which are prejudicial to sovereignty and integrity of India, defence of India, security of state and public order”.
The Centre said, without naming China, that “targeted move” against the “malicious apps … used in mobile and non-mobile internet-enabled devices” comes “amid raging concerns” about the “data security and privacy of 130 crore Indians” and follows “several complaints … about misuse of some apps on Android and iOS platforms for stealing and surreptitiously transmitting users’ data in an illegal manner to servers located outside India”. The ban comes in the backdrop of current stand-off along the Line of Actual control (LAC) in Ladakh with Chinese troops. This marks the largest sweep against the Chinese technology companies. The information technology ministry in a statement said it has received many complaints from various sources, including several reports about misuse of some mobile apps available on Android and iOS platforms for “stealing and surreptitiously transmitting users’ data in an unauthorised manner to servers which have locations outside India”. “The compilation of these data, its mining and profiling by elements hostile to national security and defence of India, which ultimately impinges upon the sovereignty and integrity of India, is a matter of very deep and immediate concern which requires emergency measures,” the statement said.
The IT ministry said it has invoked its power under section 69A of the IT Act and rules, and has decided to block 59 apps in view of information available that they are “engaged in activities which are prejudicial to sovereignty and integrity of India, defence of India, security of state and public order”. The move will “safeguard the interests of crores of Indian mobile and internet users. This decision is a targeted move to ensure safety and sovereignty of Indian cyberspace”, it added. (With PTI inputs)
According to the latest study by the National Association of Home Builders (NAHB), the HVAC market is likely to face several changed following the economic disruption caused by the COVID-19 outbreak. The complete scenario of the impact on construction companies and contractors is still unknown, but the pandemic has significantly slowed down the new-home construction.
NAHB projects have increased in smaller markets as people and businesses are relocating to larger cities. NAHB also expects a slowdown in home construction in retirement areas as people are trying to stick to their jobs to cover up for the losses caused by the downturn in the stock market.
Shifting to Tech and Service Sector
Construction companies have started to enter the “Smart Home” market by providing technical support and installing home software in people’s houses. Moving to the service sector by providing technical support is a challenge because employees need to be trained to conduct and provide better service and assistance.
Expanding these services also means new marketing strategies, training, and advertising. Sending workers to homes every day is going to require a more streamlined dispatch system as well, and companies have started working on it already to educate people about the new services available.
As far as competition goes, most of it will come from moving to residential services from installation. The licensing process will limit the transition of other segments or trades to various states. Many demographic and climatic limitations also hinder the training and development process of these construction companies. Some experts claim that there are other ways to expand business in the HCAV sector that doesn’t require licensing, like employing handymen and repair personnel to keep the staff and other resources engaged.
According to Jonathan Duncklee, owner of Connecticut-based Duncklee Heating and Cooling, the outbreak served them with an excellent opportunity to re-evaluate and design their business processes. The lockdown gave them a lot of time to work on things that were pending and needed more attention. The company looked at ways to improve the digital marketing aspects and bringing more customers on board through telephonic conversations. The in-home services are also more streamlined and easier now as people are staying home.
Construction companies are still expecting a steady demand once the outbreak restrictions are relaxed. Consumers are also paying attention to revaluating their home environments and bringing changes in the interior and exterior designs so that working from home becomes more comfortable. Contractors also need to consider the new and innovative options regardless of any changes in the competitive landscape as the next disruption is quite uncertain.
Millions of people are enjoying their lockdown period at home by indulging in creative activities like baking and cooking. Many of these are over-indulging in baking snacks and sugary treats. This over-indulgence and lack of exercise results in weight gain and worsened blood-glucose levels, especially in diabetic patients.
But a team of researchers at Massey University started investigating a plant compound that showed to curb some sugar cravings. The research began at an exciting note, as Associate Professor Ajmol Ali from the School of Sports, Exercise, and Nutrition was approached by celebrity personal trainer Harley Pasternak in the United States and the co-founder of Sweet Kick, to commission a study to measure the efficacy of the Sweet Kick product.
Sweet Kick has developed a mint product containing gymnemic acids extracted from the plant Gymnema Sylvestre, a woody perennial vine found in tropical Asia, the Arabian Peninsula, China, Africa, and Australia. The plant is used in Ayurvedic medicine and has the ability to suppress taste responses to sweet compounds and snacks.
The study looked at the impact of taking the mint, which contains Gymnema Sylvestre, on people’s cravings and consumption of high-sugar content, as well as ratings of hunger and the pleasantness associated with eating more high-sugar foods. Sweets and sugary snacks contain a lot of calories, and it might be a little difficult to stop eating them once you start munching on them. In the long run, mindless consumption of sugary foods may lead to obesity and developing diabetes.
The significant finding was that the participants in the trial who consumed the Gynemna Sylvestre mind displayed a reduced intake of sugar food as compared to the placebo as the mint resulted in a decrease in the happiness and the cravings of eating high-sugar foods. Another significant finding was that having a sweet tooth resulted in a noticeable reduction in the desire for eating more sweet food after taking the Sweet Kick mint, compared to regular placebo mint.
According to Professor Ali, the mints work by suppressing the taste of sweet compounds without affecting other elements’ perception, essentially dulling the sugar receptors in the tongue. The compound Gymnema Sylvestre removes the sweetness—so if a person eats chocolate, it will only taste not very pleasant.
The researchers claim that the findings demonstrate that consuming the Gymnema Sylvestre mint can help people to reduce their sugar consumption. The effect of the mint typically lasts for 30-60 minutes. It suppresses the taste receptors, so if you taste a biscuit during that time, it might taste similar to cardboard. It acts as a barrier to offsetting those sugar cravings and helping people to reduce their sugar intake.
The study involved 58 participants from Auckland, and the team is working on a study that looks at how the mints work over 14 days. The team says that as we eat more added sugar than ever before, the mints have great potential to help people reduce their sugar consumption and sweet beverages and move to healthier options.
By: Entertainment Desk | New Delhi |
Published: June 26, 2020 10:13:32 am
Bipasha Basu took to Instagram to discuss how the colour of her skin has always been a topic of discussion. (Photo: Bipasha Basu/Instagram)
Bollywood actor Bipasha Basu took to Instagram on Friday as she spoke about the adjective ‘dusky’ that has been used to describe her since childhood. She also congratulated the brand Fair and Lovely for their new approach of being more inclusive and dropping ‘Fair’ from the product.
Bipasha detailed her journey from being a model to being a successful film actor but said that the colour of her skin was always a topic of discussion. The Jism actor began her Instagram note by saying that even as a child, her distant relatives discussed her ‘dusky’ complexion. As she won the supermodel contest, newspapers described her as the ‘dusky girl from Kolkata’. She wrote, “I wondered again, why dusky is my first adjective? (sic)” Upon her travels to New York and Paris for modelling assignments, Basu said her “skin colour was exotic there” and she “got more work and attention because of it.”
Even when she made her debut in Bollywood with the 2001 film Ajnabee, she was loved and accepted by the masses, but she was still labelled as the “dusky girl”. “But the adjective stayed which I started liking and loving by then. Dusky girl wows the audiences in her debut film (sic),” she shared. The Raaz actor said that as her career progressed, her “duskiness seemed to be the main discussion,” which apparently attributed to her “sex appeal.” “I never really understood this. To me, sexy is the personality, not just the colour of your skin. Why my skin colour only sets me apart from the conventional actresses at that time? But that’s the way it was. I didn’t really see much of difference but I guess people did (sic),” she wrote. Bipasha added, “My skin colour didn’t define me, even though I love it and wouldn’t want it to be any different ever.”
Bipasha Basu then said that through her almost two-decade career, she has been offered various endorsements for skincare products, but she always stuck to her principles. She concluded, “Many skin care endorsements with loads of money were offered to me in the last 18 years (some were very tempting), but I stuck to my principle always. All this needs to stop. This wrong dream that we are selling, that only fair is lovely and beautiful when the majority of the country is brown skinned. It’s a deep-rooted stigma. It’s a mammoth step from the brand, and other brands should follow in the same footsteps soon.”
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By: Entertainment Desk | New Delhi |
Published: June 26, 2020 8:51:16 am
Sushant Singh Rajput died of suicide on June 14. (Photo: Mouni Roy/Instagram)
Mouni Roy on Friday shared some clicks featuring herself and late actor Sushant Singh Rajput. Captioning the Instagram photos as “Remember…..?…♥,️” Mouni went down memory lane, remembering the good times with Sushant.
In the pictures, we can also see Sushant’s former girlfriend and actor Ankita Lokhande. Though Mouni and Sushant have never shared screen space, it looks like they were good friends in real life.
After Sushant Singh Rajput’s demise, Mouni Roy had written in an Instagram post, “Let’s just be kind… shocked beyond belief..Deepest condolences to the family.. Rest in peace Sushant”
Sushant, who made his acting debut with Ekta Kapoor’s Kis Desh Mein Hai Meraa Dil, shot to fame after playing the role of Manav in Zee TV’s Pavitra Rishta. He made a transition to films with Kai Po Che (2013).
In a career spanning over a decade, Sushant delivered several critical and commercial hits like MS Dhoni The Untold Story, Sonchiriya, Chhichhore, Detective Byomkesh Bakshy and more. He was last seen in Netflix film Drive (2019). His film Dil Bechara, directed by Mukesh Chhabra, is set to release on Disney+ Hotstar on July 24.
Also read: Sushant Singh Rajput and Lauren Gottlieb’s Whatsapp chat is heartbreaking
Sharing the poster of Dil Bechara, Mukesh Chhabra wrote on Instagram on Thursday, “Sushant was not just the hero of my debut film as a director but he was a dear friend who stood by me through thick and thin. We had been close right from Kai Po Che to Dil Bechara. He had promised me that he would be in my first film. So many plans were made together, so many dreams were dreamt together but never once did I ever imagine that I would be releasing this film without him.”
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By: Lifestyle Desk | New Delhi |
Published: June 26, 2020 9:10:47 am
Experts say that dry brushing can help you immensely, because it is believed to stimulate the flow of blood to the skin. (Source: Getty/Thinkstock)
When it comes to cleaning and self care, you take great efforts in brushing your hair and teeth. Sometimes, it is even advisable that you brush your lips gently, to make them smooth. But have you ever considered a full-body brushing? As bizarre as it may seem, do you not think your body deserves the same kind of care and pampering? Here is what you need to know.
First things first, you cannot just use any brush and begin the process. Remember, the bristles will touch your skin. So, you need to use a brush that has softer bristles, which can be used on the skin in circular motions, right before you get under the shower. Keep in mind that while the brush can be used on the rest of the body, the face and the neck area are to be avoided, because the skin here is sensitive.
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Why should you do it?
Well, experts say that dry brushing can help you immensely, because it is believed to stimulate the flow of blood to the skin. This can keep your skin healthy in the long run, and also keep it safe from the process of premature aging. Dry brushing is also believed to help with natural exfoliation. As such, it can get rid of dead skin cells, and any dirt and grime stuck on the surface. But, the more interesting bit is that it can get rid of ingrown hair, too. It is also believed that the process can tighten your skin and reduce some cellulite.
Things to keep in mind
ALSO READ | Is your skin sensitive? Here’s how you can take care of it
As mentioned earlier, first make the sure the brush has soft bristles, and not hard ones which can harm you. Next, the movement must always be circular, to help with the blood flow. Third, do not get so excited that you end up with a more damaged skin — full of redness and scratches.
Once you are done brushing the body, get under the shower, and use a mild, soothing body cleanser. Avoid using anything else. And once you are done showering, make sure you moisturize your skin to get back the goodness and the moisture that may have been scrubbed off while brushing. But if you have sensitive skin, you should check with your dermatologist first.
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Written by George Mathew
, Edited by Explained Desk | Mumbai |
Updated: June 25, 2020 6:26:21 pm
The Hinduja brothers (from left) Prakash, Srichand, Gopichand and Ashok.
On June 23, a UK court ruled in favour of Srichand Hinduja (SP), Chairman of the Hinduja group with operations in several countries, and his daughter Vinoo on the issue of control of Hinduja Bank, headquartered in Switzerland, much against the wishes of his three younger brothers. The Hinduja group, once considered as a closely-knit business family, is facing a big challenge – division of assets. Three Hinduja brothers – Gopichand, Prakash and Ashok – contested the claim of Srichand and his daughter, saying “everything belongs to everyone and nothing belongs to anyone.”
What’s the tussle all about?
On July 2, 2014, the four brothers purportedly signed an agreement which says assets held by one brother belong to all and each brother will appoint the others as their executors. Srichand and his daughter Vinoo went to court stating that the letter should have no legal effect and cannot be used as a will or power of attorney. Srichand wanted the letter declared worthless. Justice Falk of the High Court of Justice, Business and Property Court of England and Wales said that the three other brothers Gopichand, Prakash and Ashok tried to use the letter to take control of Hinduja Bank which was in Srichand’s sole name. The court said that Srichand had insisted in 2015 that the letter “doesn’t reflect his wishes and that the family’s assets should be separated”. Srichand’s three younger brothers said Srichand was suffering from a form of dementia and that his health has been deteriorating for a number of years.
What was the UK court’s decision?
“Vinoo is appointed as Srichand’s litigation friend. Steps taken in the litigation prior to that appointment will have effect, as permitted under CPR 21.3(4),” Justice Falk said. CPR 21.3(4) provides that any step taken before a protected party has a litigation friend “has no effect unless the court orders otherwise”. The three younger brothers had used the July 2014 letter to take control of Hinduja Bank. This is not valid now.
What are the three Hinduja brothers saying about the fight?
They claim that this litigation will not have any impact on its global businesses, which will continue to function as they have been. It will be apparent from the judgment of the High Court in England that SP Hinduja’s health has been deteriorating for a number of years suffering from Lewy Body disease, which is a form of dementia, they say. “Vinoo, his younger daughter, acting as his Litigation Friend is bringing these proceedings on his behalf. It is very unfortunate that these proceedings are taking place as they go against our founder’s and family’s values and principles that have stood for many decades, especially, everything belongs to everyone and nothing belongs to anyone,” they said.
“We intend to defend the claim to uphold these dearly held family values,” they said in a statement, hinting that the legal fight is likely to continue in the future. Observers don’t rule out a division in the empire in the near future as the next generation from the family is already active in the group’s operations.
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What Srichand Hinduja wanted and the court said?
Srichand wants the July 2 letter signed by the four brothers to be revoked. “Srichand Hinduja seeks a declaration that neither document has legal effect, whether as a will, power of attorney, declaration of trust or other binding document, or alternatively that the documents are revocable and have been revoked,” the court judgement says. The defendants (the three brothers) do not dispute that Srichand lacks capacity, and indeed have relied on it as a basis for seeking to take control of Hinduja Bank, an asset in Srichand’s sole name, relying on the July letter. Clifford Chance (Srichand’s law firm) sent an email on May 2, 2015 stating that Srichand did not consider themselves legally or morally bound by the July letter. A further letter from the firm dated July 24, 2015 reiterated that Srichand was not bound by it, and he made the same point in a letter he sent dated July 16, 2015. “I am also satisfied that Vinoo can act fairly on behalf of Srichand and that she does not have an adverse interest,” Justice Falk said. “If Srichand’s claim has foundation, then it would certainly be the case that it is in SP‘s financial interests to challenge what is being portrayed as a use of the July letter to allow seizure of control of his assets and disruption of his financial affairs,” the court said.
Will Srichand’s assets pass on to his daughter?
The three brothers noted that if the claim succeeds then all assets in SP’s name would pass to Vinoo and her immediate family on SP’s death, including the entire shareholding in Hinduja Bank, according to the judgement. They maintain that a number of the complaints about the July letter relate to its impact on Vinoo personally rather than Srichand. The Defendants also contend that Vinoo has shown a disregard for Srichand’s best interests in bringing the claim, and it was not in his best interests for the proceedings to continue. Srichand has two daughters, Shanu and Vinoo. The certificate of suitability confirms that her father is no longer able to give instructions to lawyers and has asked her to do so, the court said.
What’s at stake in the Hinduja empire?
The Bloomberg Billionaires Index values the family fortune at $11.2 billion. Ths $ 50-billion Hinduja group, controlled from the UK, is active in old economy sectors such as banking & finance, transport, automobiles and energy as well as the new economy sectors like technology, media and renewables. It’s now an international conglomerate with a footprint across 38 countries and a 150,000-plus strong team. Ashok Leyland, flagship of the Hinduja group in India, is the 2nd largest manufacturer of commercial vehicles in India. Dheeraj Hinduja, son of Gopichand, is on the board of Ashok Leyland. IndusInd Bank, a leading private sector bank, is also controlled by the Hindujas. Gulf Oil controlled by the group has sales in 100 countries.
PD Hinduja, father of the four brothers, who is credited with establishing trade links between India and Persia set up the business in 1914. Two of his major philanthropic projects are Hinduja Hospital in Mumbai and Hinduja Foundation.
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The four Hinduja brothers
Srichand Hinduja, 84, is the head of Hinduja family and Chairman of Hinduja group and charitable foundations. After completing his education in 1952, he joined his father in the family business. Srichand along with his brothers Gopichand, Prakash and Ashok conceived and strategized the diversification and expansion of the Hinduja group.
Gopichand Hinduja, Co-Chairman of the group, was one of the architects of the transformation of the group from an Indo-Middle East trading operation into a multi-billion dollar transnational conglomerate. The group acquired Gulf Oil in 1984, closely followed by the acquisition of the then Ashok Leyland, in 1987, which was the first major NRI investment in India. He is also behind the group’s forays into power and infrastructure sectors, especially the group’s plan for building 10 GW of power generation capacity in India, says the group’s website.
Prakash Hinduja is the Chairman of Hinduja Group in Europe. Since 2008, he has been based in Monaco. After completing his university education, PP joined the family business in Tehran, Iran. He later moved to Geneva in Switzerland and took charge of the group’s European operations. Thereafter in 2008, he moved to Monaco.
Ashok Hinduja, based in Mumbai, is looking after the affairs in India. As Chairman, Hinduja group of companies (India), he has been driving the group’s growth and diversification since it re-entered India in the mid-eighties. He serves as the Chairman of IIHL (Mauritius), the parent promoting company of IndusInd Bank. He is the Chairman of Nxt Digital Ltd, the media and entertainment vertical of the group and Executive Chairman of Hinduja National Power Corporation, the company that runs a 1,040 MW thermal power plant.
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