The Hinduja brothers are known for their conservative style. So it comes at a surprise that the Hinduja Group is set to buy Alfacam, the troubled Belgian media company that broadcast the 2012 Olympics. Read more

Shares in Gulf Oil, the lubricants business of the Mumbai-based Hinduja Group, rose 2.5 per cent on Friday as the company announced the completion of its $1.05bn acquisition of Houghton Oil, the US industrial fluids manufacturer.

It’s set to be the largest acquisition this year by a non-state Indian company, though it is dwarfed by the proposed $5bn deal made public last month, in which ONGC, the Indian state oil group, is buying a stake in Kazakhstan’s Kashagan oil field. Read more

Will a Bollywood producer soon capture and broadcast the Olympic Games? It’s possible, as the Indian conglomerate Hinduja announced this week it’s in exclusive negotiations to buy Alfacam, a TV production company that specialises in filming major sport events.

This summer Alfacam was among those hired to film the London Olympic Games and the European Football Championships in Poland and Ukraine. But for a while it looked like that would the last tour de force of the struggling Belgian company. Read more