Managing Director Vinod Goenka says the company is not looking at restructuring.
The current slowdown has lasted for over 18 months and is the longest incident of sluggishness since 2006.
The demand for the US currency from importers outweighed capital inflows and firm local equities.
The root of the problem, according to industry officials, is the sudden stoppage of lines of credit to tea plantation companies.
Mahindra could not provide details of where the plant would be located in South Africa and how much would be invested on it, but merely indicated that a feasibility study had been completed.
It would pave the way for Jammu and Kashmir to attract large-scale investments, the industry leaders said.
"We r proud of u @aamir_khan," the Delhi chief minister wrote on Twitter along with the picture of statement issued by Khan.
Telly folk step out for a glamorous night.
Customers won't shift to electric cars until there is countrywide infrastructure for charging stations, which should be as spread out as petrol pumps now. Two, the price of the lithium ion battery, which constitutes 30 to 40 per cent of the cost of an electric car, has to fall substantially, so that the vehicle is as affordable as a gasoline one.
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Snapping a two-day fall, the rupee opened strong at 59.49 a dollar from the previous close of 59.76 at the Interbank Foreign Exchange Market and then touched a low of 59.59.
Can the television industry's new generation work at solving its old problems?
The Society of Indian Automobile Association on Monday wondered what additional information customers will get from a proposed 'star rating' of cars based on fuel efficiency, although it insisted that the industry was not opposed to any such move.
Has the IPL, its players and fans become secondary as big companies cynically use India's most followed and visible sport to push their phone or toothpaste brands?
In a boost to women entrepreneurship in the country, three Indian businesswomen are among the 15 women entrepreneurs who have been awarded the third La Caixa International Women Entrepreneurial Challenge Awards (IWEC) this year.
Are *you* ready for the PadManChallenge?
C K Birla group company Hindustan Motors has reported 50 per cent erosion in peak net worth and accumulated losses of the company stood at Rs 132 crore (Rs 1.32 billion).
Football legend Pele tells defending Indian Super League champions Atletico de Kolkata to always respect the opponent.
He said over ten global launches and a total 50 new launches, which includes variants of different existing models, will be held during the expo.
TUV300 will take on the likes of Ford EcoSport and Renault Duster that are priced between Rs 7.88 lakh and Rs 13.54 lakh.
IPL Player draft: How the bidding went
Four students and two teachers were on Tuesday injured when a school bus collided with a chartered bus and overturned at a traffic signal in R K Puram in south Delhi. The mishap took place at 7:10 am when the bus of G D Goenka Public School, carrying approximately 25 students, was ferrying children to school. Both the buses were speeding when the mishap took place, according to the police.The injured were rushed to Safdarjung Hospital.
Starting April this year, 11 cities across India, where the Bharat Stage III norms are currently in place, are supposed to upgrade to BS-IV and the rest of the country where BS-II norms are followed are to move towards BS-III norms.
Mahindra & Mahindra, the country's biggest utility vehicle maker, is re-considering plans to sell French carmaker Renault's vehicles through its own distribution network after pulling out of a joint venture agreement in January.
M&M president for automotive sector Pawan Goenka told reporters that there has been a surge in commodity prices, specially that of rubber and sheet metals, which has resulted in pressures on margins.
XYLO (pronounced Zy-lo) is an indigenous vehicle made by the Mahindras under the project Ingenio. The vehicle has gone through testing in India and other countries.
The micro-hybrid technology enables vehicle engine to turn off automatically when idle or in neutral gear. The engine restarts once the clutch is pressed.
The Kolkata-based franchise, partly owned by La Liga club Atletico de Madrid for the first three seasons, had earlier this month split from the Spanish club.
CEAT was for all practical purposes a sick company in 2001.
Mahindra & Mahindra Ltd has touched 50 lakh vehicle production milestone, rolling out its 5 millionth vehicle from Kandivali plant in Mumbai.
When Kuber Singh, a student of Goenka Public School in Gurgoan, was extended the invitation to attend the American presidential inaugration he did not know whether he would be interested at all. Kuber eventually left for Washington, DC to be a part of one of the greatest event in recent history.
India's largest sport utility vehicle maker Mahindra & Mahindra's plan of launching its vehicles in the US has suffered a delay of almost 12 months following clearance awaited from the US homologation department.
Whether it is DLF in the National Capital Region, or Godrej Properties and Oberoi Realty in Mumbai or Sunteck Realty, Prestige Estates and Sobha Realty in Bengaluru, most top players have launched or lined up a slew of new project launches during this season.
Mahendra Singh Dhoni feels 'different' about captaining a new team in the Indian Premier League for the first time in eight years and says he has not moved on from his days at the now suspended Chennai Super Kings.
'The prime minister can think of bullet trains and speed, but cannot think of special measures to save these magnificent creatures.'
Ending a four-day upmove, the rupee on Tuesday retreated four paise from its 11-month high levels to close at 58.63 against the dollar on fresh demand for the US currency from importers, amid some profit-booking in stocks.
A revealing excerpt from Anupam Kher's Lessons Life Taught Me, Unknowingly: An Autobiography.
If press freedom is not to be treated as sacrosanct when the press is critical of the government, and if the only freedom available is to be a cheer-leader, that is not press freedom at all.
The rupee gained for the second day, adding 32 paise to close at a fresh two-month high of 61.07 against the dollar amid a rise in local equities and sustained capital inflows.
Ahead of their Indian Premier League debut, the Rising Pune Supergiants have assembled a formidable team.
Are you planning to buy a flat in the near future? If yes, then should you wait for another 6-9 months given the global meltdown in financial markets?
