The partnership will look to expand Ford's reach in the fast-growing Indian market and improve M&M's access to global markets
"Gone are the days of euphoric buying. Today, people are doing calculated buying. They are doing thorough due diligence, checking out the location," said Kunal Banerji, president, M3M India.
The company was looking to raise around Rs 1,800 crore for a stake sale of 10 per cent.
Mahindra & Mahindra's ambitious foray in the United States, a first by an Indian automobile company, is to take place by the year-end, with the launch of a couple of compact diesel-driven, pick-up truck models.
A summary of sports events and persons who made news on Wednesday.'
Rochelle Macfarlane Maria won the silver in girl's triple jump to end India's controversy-marred track and field campaign on a high at the second Asian Youth Games in Nanjing.
Beijing's Olympic opening extravaganza drew rave reviews on Friday from media around the world awed by rich displays of Chinese culture that eclipsed controversy that has surrounded the city's hosting of the Games.
After selling land in Gurgaon for Rs 1,211 crore recently, the Sahara group is believed to have finalised two more realty deals, one in Mumbai and another in Jodhpur, for Rs 1,250 crore.
Manan Chandra continued his impressive run at the IBSF World Snooker Championships with another comfortable victory even as other Indian cueists enjoyed a mixed day in Daugavpils (Latvia) on Tuesday.
Kinetic Motor's assets bought for Rs 110 crore.
Mahindra & Mahindra (M&M), India's largest sports utility vehicle maker, is buying a major portion of two-wheeler maker Kinetic Motor Company's assets in a deal valued at Rs 110-120 crore (Rs 1.1 to 1.2 billion).
When O&M India's executive chairman Ranjan Kapoor appointed creative hot shot Piyush Pandey as his successor in 2004, he wasn't aware that he may be pioneering a trend in advertising where agencies put their creative heads at the helm of their businesses.
Whether you're partying with friends, family or colleagues, you have every right to look awesome.
Piyush Pandey was elected the vice chairman of Ogilvy & Mather Asia Pacific by the agency's regional board on Friday.
Decline in the rupee coupled with a slide in the crude oil prices have dented the sentiments.
Tata Steel, SBI, Infosys and L&T were among the top gainers for the day.
The primary problem is that India's garment factories are too small and they typically have 150 people and about 80 machines.
The new campaign is aimed at broadening the brand's appeal
Recently, there has been a mushrooming of international apparel retailers.
Khushbir Kaur clinched the silver medal in the 20km race walk before 400m runners Rajiv Arokia and M R Poovamma grabbed a bronze each in the men's and women's 400m respectively while Manju Bala secured a bronze in women's hammer throw to add to the growing medal tally from track and field events.
In commercial real estate, leasing of office space was higher although the activities were subdued in retail segment.
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