News

Mahindra & Mahindra rides high on partnering with SARGA MotoCorp Mahindra & Mahindra is currently trading at Rs. 1550.95, up by 12.25 points or 0.80% from its previous closing of Rs. 1538.70 on the BSE. The scrip opened at Rs. 1539.00 and has touched a high and low of Rs. 1552.50 and Rs. 1535.05 respectively. So far 18380 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1594.85 on 13-Jul-2023 and a 52 week low of Rs. 1124.00 on 28-Mar-2023. Last one week high and low of th...
Mahindra & Mahindra rides high on partnering with SARGA MotoCorp
Mahindra & Mahindra rides high on partnering with SARGA MotoCorp
Source: Accord Fintech
22/08/2023 12:40:27 PM
Jio-bp`s EV charging business footprint expands big Jio-bp is leading from the front in India's EV transition. Jio-bp is partnering with several players from automobile sector, real estate and mall developers, e-commerce players, fleet operators, corporates and other large establishments to create a robust public EV charging infrastructure and battery swapping network. Operating under the brand Jio-bp Pulse, Jio-bp has added over 1,000+ public charge points in FY 2022-23, taking their network strength to 1,400+ across 8 cities and major...
Jio-bp`s EV charging business footprint expands big
Jio-bp`s EV charging business footprint expands big
Source: IANS
6/08/2023 4:22:08 PM
Mahindra & Mahindra moves up on acquiring 3.53% stake in RBL Bank Mahindra & Mahindra is currently trading at Rs. 1462.20, up by 15.35 points or 1.06% from its previous closing of Rs. 1446.85 on the BSE. The scrip opened at Rs. 1458.40 and has touched a high and low of Rs. 1471.15 and Rs. 1450.90 respectively. So far 42099 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1594.85 on 13-Jul-2023 and a 52 week low of Rs. 1124.00 on 28-Mar-2023. Last one week high and low of th...
Mahindra & Mahindra moves up on acquiring 3.53% stake in RBL Bank
Mahindra & Mahindra moves up on acquiring 3.53% stake in RBL Bank
Source: Accord Fintech
28/07/2023 12:32:52 PM
India`s Mahindra Logistics swings to loss on higher costs, weak demand India's Mahindra Logistics swung to a loss in the first quarter on Monday, hurt by higher expenses and lukewarm demand. The freight carrier posted a consolidated net loss after tax of 85.5 million rupees ($1.04 million) in the three months ended June 30, compared with a profit of 135.2 million rupees a year earlier. Consolidated total expenses surged nearly 10% to 12.99 billion rupees. The company had earlier flagged an impact on its business from slowing network expansion in e-c...
India`s Mahindra Logistics swings to loss on higher costs, weak demand
India`s Mahindra Logistics swings to loss on higher costs, weak demand
Source: Reuters
24/07/2023 4:32:11 PM
`This is the moment` to invest in India, Narendra Modi tells US business community In a direct appeal to the US business community, Prime Minister Narendra Modi has said "this is the moment" to invest in India as both the Indian and the US governments have done everything to prepare -- "plough" -- the ground for them to come, play, and thrive. The Prime Minister said on Friday that this was the clear message from the technology handshake event at the White House earlier in the day in which he and President Joe Biden met leading CEOs from the US and In...
`This is the moment` to invest in India, Narendra Modi tells US business community
`This is the moment` to invest in India, Narendra Modi tells US business community
Source: IANS
24/06/2023 9:36:22 AM
Mahindra & Mahindra trades higher on selling over 1 lakh Bolero SUVs in FY 2023 Mahindra & Mahindra is currently trading at Rs. 1208.90, up by 1.15 points or 0.10% from its previous closing of Rs. 1207.75 on the BSE. The scrip opened at Rs. 1213.95 and has touched a high and low of Rs. 1214.95 and Rs. 1199.20 respectively. So far 26117 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1396.00 on 16-Feb-2023 and a 52 week low of Rs. 854.45 on 12-May-2022. Last one week high and low of the ...
Mahindra & Mahindra trades higher on selling over 1 lakh Bolero SUVs in FY 2023
Mahindra & Mahindra trades higher on selling over 1 lakh Bolero SUVs in FY 2023
Source: Accord Fintech
25/04/2023 3:38:04 PM
Manoj Chugh moves on from Mahindra Group, takes up mentorship roles at startups After completing 41 years in the corporate world, Manoj Chugh retired from the Mahindra Group as the President Public Affairs. Over the last four years, Chugh has been with Mahindra Group's, Group Corporate Office, leading Public Policy and Advocacy for Firms spanning key sectors of the Economy to help shape the Policy Landscape. Prior to his group-level role, he led the Enterprise Business (Satyam acquisition) of Tech Mahindra, for six years, as its President, driving business acro...
Manoj Chugh moves on from Mahindra Group, takes up mentorship roles at startups
Manoj Chugh moves on from Mahindra Group, takes up mentorship roles at startups
Source: IANS
18/04/2023 4:24:30 PM
India's Mahindra lending arm says RBI lifts curbs on loan recovery via third parties  Mahindra and Mahindra Financial Services said on Wednesday the Reserve Bank of India lifted curbs placed on the company last year that had prevented it from using third-party services for loan recovery. The lifting of restrictions followed submissions made by the company and its pledge to strengthen recovery practices and outsourcing arrangements, while tightening the process of onboarding third-party agents and strengthening its accountability framework, the non-bank lender said in ...
India's Mahindra lending arm says RBI lifts curbs on loan recovery via third parties
India's Mahindra lending arm says RBI lifts curbs on loan recovery via third parties
Source: Reuters
4/01/2023 6:21:44 PM
Agritech startup Carnot Technologies empowering farmers to make effective data driven decisions As the Indian agriculture sector adopts new-age technologies and telematics to improve crop yield, agritech startup Carnot Technologies is empowering farmers to take data driven decisions and earn up to 30 per cent more. Operating in several states, Carnot, which is backed by Mahindra Group, gets farm area close to 1.5 million acres every season on its platform, which is only growing. According to Pushkar Limaye, Co-Founder and CTO at Carnot, they are on a mission to help improve farmer...
Agritech startup Carnot Technologies empowering farmers to make effective data driven decisions
Agritech startup Carnot Technologies empowering farmers to make effective data driven decisions
Source: IANS
22/12/2022 10:43:23 AM
Formula E car unveiled in Hyderabad  A Formula E car was unveiled in Hyderabad on Sunday as a prelude to the Formula E Prix race to be held in the city early next year. Telangana's Special Chief Secretary, Municipal Administration and Urban Development Arvind Kumar unveiled the Mahindra car at Durgam Cheruvu Cable-Stayed Bridge in the presence of sports enthusiasts. It was later kept on display at Tank Bund on the banks of Hussain Sagar lake in the heart of the city. The car will be on display at several other lo...
Formula E car unveiled in Hyderabad
Formula E car unveiled in Hyderabad
Source: IANS
25/09/2022 5:21:21 PM
Key News - Kamdhenu Ltd, Kia Sonet, Vedanta Ltd, Air India, Vodafone Idea Ltd, Mahindra Group, By ARETE Securities Key News Kamdhenu demerges paints biz; to list new entity Kamdhenu Ventures in Q2 Kamdhenu Ltd on Monday said its paints business has been demerged into a separate entity following an order of the Chandigarh bench of the National Company Law Tribunal (NCLT) Post demerger, Kamdhenu Ltd will continue to focus on steel business, while Kamdhenu Ventures Limited will expand the paints business. It is now looking to complete the listing process of newly-formed company in the July-September...
Key News - Kamdhenu Ltd, Kia Sonet, Vedanta Ltd, Air India, Vodafone Idea Ltd, Mahindra Group, By ARETE Securities
Key News - Kamdhenu Ltd, Kia Sonet, Vedanta Ltd, Air India, Vodafone Idea Ltd, Mahindra Group, By ARETE Securities
Source: ARETE Securities Ltd
21/06/2022 9:36:11 AM
India's Mahindra Group weighs splitting auto business into 3 units Indian auto-to-technology conglomerate Mahindra Group has begun a restructuring process to split its automobiles business into three separate units, the Economic Times reported on Friday. The exercise, which is in the early stages, is aimed at splitting the auto operations into electric vehicle (EV), tractor and passenger vehicle businesses via a demerger process, the newspaper reported, citing people familiar with the talks. Mahindra Group is also seeking funds for the EV unit and will...
India's Mahindra Group weighs splitting auto business into 3 units
India's Mahindra Group weighs splitting auto business into 3 units
Source: IANS
6/05/2022 9:19:43 AM
Mahindra Group rides on Google Cloud to spur innovation Mahindra Group and Google Cloud on Thursday announced a new collaboration to drive innovation across the Groups multiple business units, including its core operations, customer-facing channels and employee experience. As part of the collaboration, Mahindra Group's digital, data and Cloud Centre of Excellence, or Mahindra Digital Engine (MDE), will use Google Cloud's infrastructure and advanced data analytics technology to accelerate adoption of data and artificial intelligence to s...
Mahindra Group rides on Google Cloud to spur innovation
Mahindra Group rides on Google Cloud to spur innovation
Source: IANS
3/03/2022 12:41:06 PM
M&M's SsangYong Motor to be acquired by Edison Motors' consortium Automobile major Mahindra & Mahindra's South Korea-based SsangYong Motor will be acquired by consortium of South Korean electric carmaker Edison Motors. "We are happy to hear that Edison Motors consortium has formally agreed to acquire SYMC and that the acquisition will progress to the next stage, in a defined time frame," said a Mahindra & Mahindra spokesperson. "We will cooperate with the new investor in enabling the transition." In 2010, Mahindra &a...
M&M's SsangYong Motor to be acquired by Edison Motors' consortium
M&M's SsangYong Motor to be acquired by Edison Motors' consortium
Source: IANS
13/01/2022 10:09:20 AM
M&M inches up on acquiring 31.2% stake in ReNew Sunlight Energy Mahindra & Mahindra is currently trading at Rs. 839.05, up by 0.35 points or 0.04% from its previous closing of Rs. 838.70 on the BSE. The scrip opened at Rs. 842.90 and has touched a high and low of Rs. 843.60 and Rs. 834.00 respectively. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 978.90 on 17-Nov-2021 and a 52 week low of Rs. 704.30 on 29-Dec-2020. Last one week high and low of the scrip stood at Rs. 840.55 and Rs. 807.75 respectively....
M&M inches up on acquiring 31.2% stake in ReNew Sunlight Energy
M&M inches up on acquiring 31.2% stake in ReNew Sunlight Energy
Source: Accord Fintech
29/12/2021 11:07:48 AM
Jio-bp, Mahindra Group sign MoU to boost EV, green solutions Reliance BP Mobility, under the brand name of Jio-bp, on Wednesday signed an MoU with the Mahindra Group for collaboration in areas such as electric vehicle products and services, and in low-carbon and conventional fuels. Jio-bp is a fuel and mobility joint venture between Reliance Industries and UK's bp plc. The MoU is a "non-binding" agreement. "The MoU also covers evaluating charging solutions by Jio-bp for Mahindra vehicles including electric three and four whe...
Jio-bp, Mahindra Group sign MoU to boost EV, green solutions
Jio-bp, Mahindra Group sign MoU to boost EV, green solutions
Source: IANS
9/12/2021 9:38:55 AM
Mahindra & Mahindra Q2FY22 YoY net profit rises to Rs 1,432 cr Automobile major Mahindra & Mahindra (M&M) on Tuesday reported an exponential rise in its net profit, after exceptional item, for the July-September quarter to Rs 1,432 crore. During the same period last year, the company had reported a net profit of Rs 162 crore. Besides, M&M's Q2FY22 revenue zoomed 15 per cent on a year-on-year basis to Rs 13,305 crore. On a consolidated basis, Mahindra Group's net profit after an exceptional item rose 214 per cent to Rs 1,929 c...
Mahindra & Mahindra Q2FY22 YoY net profit rises to Rs 1,432 cr
Mahindra & Mahindra Q2FY22 YoY net profit rises to Rs 1,432 cr
Source: IANS
10/11/2021 9:36:32 AM
Mahindra Advanced Design Europe to come up in UK`s West Midlands Mahindra Group on Thursday said it will set up 'Mahindra Advanced Design Europe' (M.A.D.E) in the UK's West Midlands. The new Centre of Excellence will be a part of the Mahindra Global Design Network that includes the Mahindra Design Studio in Mumbai, and Pininfarina Design in Italy's Turin. "M.A.D.E is a strategic enhancement of Mahindra's global design capabilities and renews its commitment to bring to its customers, sophisticated, authentic SUVs with an unmis...
Mahindra Advanced Design Europe to come up in UK`s West Midlands
Mahindra Advanced Design Europe to come up in UK`s West Midlands
Source: IANS
7/05/2021 9:46:56 AM
Key News - Cognizant, Hero MotoCorp Ltd, Adani Transmission Ltd, Tata Consumer Products, Mahindra Group by ARETE Securities Key News Cognizant reports good numbers in Mar quarter, revises revenue guidance Nasdaq-listed IT major Cognizant reported better numbers for the first quarter of CY21, as it saw recovery in its health care vertical and digital services grew faster than the company’s growth. Cognizant also revised upwards its full year revenue guidance from 7 per cent to 9 per cent (5.5- 7.5 per cent in constant currency). At the end of its financial year December 2020, the company had guided for ...
Key News - Cognizant, Hero MotoCorp Ltd, Adani Transmission Ltd, Tata Consumer Products, Mahindra Group by ARETE Securities
Key News - Cognizant, Hero MotoCorp Ltd, Adani Transmission Ltd, Tata Consumer Products, Mahindra Group by ARETE Securities
Source: ARETE Securities Ltd
7/05/2021 9:05:22 AM
Gail to be excluded from Nifty50  Bellwether stock index Nifty50 will remove energy major Gail from the stocks that comprise its weightage, NSE Indices said on Tuesday. The Index Maintenance Sub-Committee (IMSC) of NSE Indices decided to make the changes, as part of its periodic review. In Gail's place, Tata Consumer Products will be included in the index from March 31, 2021. Besides, the changes will be effected in Nifty Next50, Nifty500 amongst others. "No changes are being made to Nifty Auto, Nif...
Gail to be excluded from Nifty50
Gail to be excluded from Nifty50
Source: IANS
24/02/2021 9:21:26 AM