The retailer is looking at a break-even this year.
Mahindra to replace ageing models with new ones, especially the popular XUV500.
Nearly all FMCG companies like Marico, HUL, ITC and the rest have been indicating that the operating environment has been challenging, with drop in consumption, especially in rural areas, severe crunch in market liquidity conditions, and disruptions and floods in several parts of the country. To overcome this, they are boosting their direct reach in the countryside.
Among the cars unveiled at the Auto Expo on Wednesday was Mahindra and Mahindra's e-KUV for Rs 8.2 lakhs ex-showroom Delhi. With a single charge range of 150 km and a 55 min fast charging upto 80 pc, it was both a head-turner and a conversation-starter.
A special court on Thursday acquitted all accused in the 2G spectrum allocation scam cases. The scam relates to the granting of 2G spectrum licence allocations in 2007-08 which caused, according to a report by the Comptroller and Auditor General of India, a loss of Rs 1.76 lakh crore. Here is a detailed timeline of how the case came to light and how it has progressed over the years:
The Maharashtra Bharatiya Janata Party on Wednesday requested President Pratibha Patil not to visit the plant of Schreiber Dynamix Dairies Ltd in Baramati on June 9.
RP would agree that his four years in Presidency College, the influence of great teachers such as historian Sushobhan Sarkar ("I would go into a trance, listening to his lectures"), and regular visits to bookshops like Dasgupta and Dhar & Sons in College Street, made a bibliophile of him.
England all-rounder Ben Stokes became the most expensive overseas purchase -- bought by Rising Pune Supergiants for a whopping Rs 14.50 crore even as some unheralded Indian domestic players trumped seasoned names to land lucrative deals at the Indian Premier League players' auction.
Auto major Mahindra & Mahindra on Wednesday said it will hike prices of some of its models by 1-2 per cent soon to offset increasing input costs and inflation.
Welspun now wants to shift focus back on the core business of steel and pipes rather than the big-ticket infrastructure sector.
The new Scorpio came after a gap of 24 months since its last launch, during which the competition launched a slew of products.
The auto major is eyeing 20 per cent of the compact SUV market with the petrol and diesel variants of the XUV300, reports Shally Seth Mohile.
Anil Ambani has interests in power, telecom and other infrastructure sectors.
Mahendra Singh Dhoni, former Indian skipper, is not going to lead Rising Puner Supergiants in the upcoming edition of IPL 7.
A court in New Delhi told the police to give ten working days time to Zee Group Chairman Subhash Chandra and his son if it wants to arrest them in the case of alleged Rs 100 crore-extortion bid from Congress MP Naveen Jindal's firm by two editors of the news channel.
MS Dhoni will play for Pune in the next edition of the Indian Premier League.
Utility vehicles maker, Mahindra and Mahindra (M&M), is considering reinstating the entire staff laid off by South Korean sports utility vehicle (SUV) manufacturer Ssangyong Motor Co in the next two to three years, according to M&M president (automotive and farm equipment sectors) Pawan Goenka.
The rupee had tumbled by 33 paise to close at 54.47 against the US currency in the previous session on Friday, due to a firm dollar overseas.
Zee News on Tuesday demanded the immediate release of its two senior journalists arrested in an extortion case filed by Congress MP Naveen Jindal, alleging that the police action was "illegal" and "designed for something else".
Former Telecom Minister A Raja, facing trial in the 2G spectrum allocation case, was Thursday allowed by a Delhi court to visit Tamil Nadu till November 25 from Friday.
The government has asked SIAM members, to provide fresh data which will provide an indication about the diesel vehicle demand in the country.
Brokerage Edelweiss Securities said if the NDA returns to power with a clear majority in line with exit polls, markets would rejoice the policy continuity.
Barely 10% of small businesses are in a GST-ready position, say experts
The UAE-based Emirates Telecommunication Corporation (Etisalat) on Thursday filed a petition against Shahid Balwa and Vinod Goenka, promoters of the beleaguered Swan Telecom, for "fraud and misrepresentation".
Tracing the development of the Mahindra XUV 500, the company's first four-wheeler to be fully styled in India.
Lalit Modi has been living quite the high life. Here are some photos to prove it.
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While private equity giant Blackstone and Pune-based realtor Panchshil Realty had offered Rs 800 crore for the building at Nariman Point, the building's owners -- Viveck Goenka, chairman and managing director of the Indian Express Group, and private equity firm ICICI Venture (which has 49 per cent stake in the property) -- expected the sale to fetch Rs 900 crore, said the executive.
The sluggish legal system in India makes it extremely difficult for law-enforcing agencies in the ministry of finance to punish violations of foreign exchange laws. Unfortunately, it is not just FEMA. The Prevention of Money Laundering Act too has significant infirmities, say Paranjoy Guha Thakurta and Pranati Mehra.
"We will come up with a new brand identity next month and have already assigned one agency for this. It will be a new branding for Saregama, with a more youthful and uncluttered logo. We have chalked out the future road map. While there are plans to enter the television space more aggressively, we are exiting the films business," said Sanjiv Goenka, chairman of the Group.
An expected drop in sales may prompt Mahindra & Mahindra to cut scheduled capacity expansion plans, if the government goes ahead with the imposition of additional tax on diesel vehicles, according to the country's biggest maker of sports utility vehicles.
The root of the problem, according to industry officials, is the sudden stoppage of lines of credit to tea plantation companies.
Seeking stringent action against the perpetrators of the Pulwama attack, India Inc said 'now we have to make sure that the world knows that they can't mess with us'.
The Supreme Court on Wednesday took exception to Union Law Minister Salman Khurshid's reported statement that putting businessmen behind bars will hamper investments in the country, saying if true it is "disturbing".
Olympic silver medallist PV Sindhu was the Sportswoman of the Year award in the individual sport category, a statement read.
The current slowdown has lasted for over 18 months and is the longest incident of sluggishness since 2006.
Continuing his explosive tirade against the Bharatiya Janata Party, NRI businessman Anshuman Mishra on Saturday made several allegations about top leaders of the saffron party, during an interview with STAR News.
The XUV300, Mahindra's second compact SUV, is so packed with segment-firsts that it is sure to send shockwaves among competitors.
Union Agriculture Minister Sharad Pawar had sent in a request to the President for visiting Baramati in Maharashtra to see the all round development made in the areas of agriculture, irrigation and town planning.
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