The Indian auto major will have 51 per cent in the JV, Mahindra Yueda Yancheng Tractor, with the rest held by the Chinese partner. M&M, which already has a presence in the Chinese tractor market through Mahindra China Tractor Co after acquiring 80 per cent stake in Jiangling Tractors in 2004, will now become the third largest tractor maker in the world after John Deere and New Holland.
M&M has a joint venture with Renault -- Mahindra Renault Pvt Ltd -- which manufacture the only product Logan in India.
The award was given to Oberoi for his 'daring to be different', Mahindra said at the ceremony on Friday, adding the 79-year-old had built a culture where nothing short of perfection was tolerated. Accepting the award, Oberoi said, "Our biggest asset is our people. The award is a recognition that we have the best employees in the hospitality industry."
Other corporate leaders, including Biocon chief Kiran Mazumdar Shaw, UB Group Chairman Vijay Mallya and Mahindra Group vice-chairman Anand Mahindra, have also expressed concerns over the current state of economy in the country.
With the Japanese still under shock after the quake-cum-tsunami, people around the globe are working to provide help.
Tech M's priorities include retaining current customers, winning back business lost as a result of the crisis, retaining key associates, winning new businesses and exploring the best ways to realise operational and structural synergies between the two companies. On the possibility of layoffs and cost-cutting, Vineet Nayyar, Tech Mahindra's vice-chairman and MD, said, "I can't say anything. The company has to be viable and we will work at it. Layoffs will be the last option."
Mahindra and Mahindra on Thursday forged a 51:49 joint venture with International Truck and Engine Corporation of US to manufacture trucks and buses in India.
India has been a tea sipping society. But the aromatic wave of coffee culture is wafting across it.
The current spurt in the stock market is on account of strong fundamentals and robust corporate earnings and retail investors can look for buying opportunities to accumulate quality stocks, experts said.
Industry is of the view that rising interest rates is increasing the input cost as loans are getting costlier.
The Mercedes-Benz GLC 220d 4MATIC, the SUV former Tata Sons chairman Cyrus Mistry was riding in on Sunday, comes with various safety features to protect passengers but just like other high-end cars, it has no airbags for rear seats.
Easily the biggest high-power gathering and by far the starriest event staged in Gujarat, concluded at the Reliance petro township in Jamnagar on Sunday.
'Sport is such a great teacher, we can write someone off, but we can't erase them!
Asks India Inc for a list of concerns in 4 weeks, to coordinate policy response within 60 days; FM says prevailing cynicism based on perception, not facts.
"Three acquisitions are underway in India and another two abroad," M&M vice-chairman and managing director Anand Mahindra said at the Tenth Asia Pacific Automotive Industry Roundtable.
Mahindra and Mahindra is looking to set up a manufacturing facility in Tamil Nadu for manufacturing proposed multi-utility vehicle Ingenio.
All industry bodies including Confederation of Indian Industry and Federation of Indian Chamber of Commerce and Industry should work together in their efforts to contribute the country's economic growth, Anand Mahindra, managing director, Mahindra &
Mahindra & Mahindra is planning to set up a 2,50,000 units per annum commercial trucks plant in Maharashtra in association with US-based International Truck and Engine Corporation.
Further stimulus measures are expected in the upcoming Budget where the focus is likely to be on reforms, including some structural measures such as reducing red tape and boosting foreign direct investment. The meeting with industrialists is in the series of discussions that Modi has had during the last couple of weeks to seek suggestions to revive growth.
Kinetic Motor's assets bought for Rs 110 crore.
Prime Minister Narendra D Modi's itinerary for his June 21-24 US visit could include an address to a fledgling business advocacy group, the US-India Strategic Partnership Forum.
Utility vehicle and tractor manufacturer Mahindra and Mahindra on Monday said it will invest Rs 100 crore (Rs 1 billion) on capacity expansion
A six-member jury headed by former Securities and Exchange Board of India chairman M Damodaran will declare the winner of the award for 2009 on February 16 in Mumbai.
Indian business honchos Anand Mahindra and Lakshmi Mittal are among the world's 50 greatest leaders, according to Fortune magazine.
Exporters, facing slump in demand in the major markets of the US and EU, are expecting incentives in the foreign trade policy, to be unveiled in the second half of the month. The FTP broadly spells out the segments of priority in external trade and also gives incentives and disincentives, depending on the country's needs.
American inventor's thoughts about India is not being well received.
Utility vehicle and tractor maker Mahindra and Mahindra on Tuesday said it plans to set up a manufacturing base in Brazil.
Marking its foray into the aerospace segment, Mahindra group today said it plans to manufacture aircraft in the two-to-twenty-seater range and also announced acquiring majority stake in two Australian companies.
Sachin's 100th ton party; Mallika's sexy Laila
Sachin's 100th ton party; Mallika's sexy Laila
Rajesh Karkera, who was allowed exclusive access to Mumbai's new airport terminal, T2, tells its story in pictures.
Mahindra and Mahindra Ltd will increase prices of its vehicles, including sports utility vehicles, by about 0.4 per cent while it is expected to reduce tractor prices by up to four per cent within a week.
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