Mahindra & Mahindra, the tractors to information technology conglomerate, will launch its first indigenously built aircraft before March, at a price at least 20 per cent cheaper than an equivalent aircraft of Cessna, the market leader.
Tesla needs to either sell the same models with reduced features to lower the cost for Indian market, or incur losses.
Mahindra Racing, which disbanded its two-wheeler racing team from the 2015 Moto3 season, has tied up with Aspar Team to supply its bikes to other teams.
Mohun Bagan and Mahindra United played out a goalless draw in their concluding 18th round I-League clash.
If anybody needed any confirmation why Mahindra United and JCT continue to inhabit the lower rungs of the I-League table, today's 15th round encounter between the two former champions provided the requisite proof.
Tech Mahindra considered a couple of options -- keep the Satyam name or replace it entirely. But research said Satyam still reflected critical strengths that were recognised and valued by customers. "By combining it with the well-known and highly-regarded Mahindra name, we are able to convey a stronger message more credibly: that Mahindra Satyam has the resources, talent and resolve to ensure a steady performance," says T Hari, its the marketing and communications head.
The money will be used to develop products jointly.
From the 30 Sensex firms, Tata Steel, JSW Steel, Power Grid, HDFC Bank, Tata Motors and Larsen & Toubro were the biggest gainers. Hindustan Unilever, Infosys, Bajaj Finance, Axis Bank, Kotak Mahindra Bank and UltraTech Cement were among the laggards.
National Australia Bank is one of the key customers Tech Mahindra executive vice-chairman Vineet Nayyar will be meeting next week. Nayyar will be in town to spread Satyam's new identity after it was renamed Mahindra Satyam, and try to regain its standing with the NAB and clients such as Qantas and Suncorp. Satyam continues to provide application development and IT maintenance services to the NAB.
From the 30-share blue-chip pack, IndusInd Bank, NTPC, UltraTech Cement, Sun Pharma, Axis Bank, State Bank of India, Tata Steel, Power Grid, Adani Ports and Kotak Mahindra Bank were among the major laggards. Tata Consultancy Services jumped nearly 6 per cent after the IT services company reported an 11.95 per cent jump in the December quarter net profit to Rs 12,380 crore. Tech Mahindra, HCL Tech, Infosys and Bajaj Finserv were the other big gainers.
While a unique business model, growth opportunity and consistent track record are the positives for the issue, the pricing appears stiff.
Holders Churchill Brothers of Goa, down to 10 men in the last 25 minutes, held former champions Mahindra United of Mumbai to a 1-1 draw in the opening match of the I-League at the Cooperage football ground on Thursday.
Mahindra United scored twice in the second half to blank Chirag United 2-0 in a 13th round encounter of the ONGC I-league at the Yuva Bharati Krirangan in Kolkata on Sunday. The Mumbai side drew first blood through Steven Dias and then settled the issue through Edeh Chidi, as the local side failed to convert their few chances.
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.
Sebi on Friday imposed a penalty of Rs 50 lakh on Kotak Mahindra Asset Management Company (AMC) and barred the fund house from launching new fixed maturity plan (FMP) scheme for six months for violating regulatory norms. The markets regulator has directed the fund house to refund a part of the investment management and advisory fees collected from the unitholders of the six FMP schemes along with a simple interest at the rate of 15 per cent per annum. The case relates to the fund house's investment in certain FMPs. These FMPs of Kotak AMC had invested in Zero Coupon Non-Convertible Debentures (ZCNCDs) issued by Essel Group entities.
Beleaguered retail chain Subhiksha on Friday said Kotak Mahindra Bank, which had lent Rs 40 crore (Rs 400 million) to it, on Friday objected to merger of the company with city-based Blue Green Constructions and Investments Ltd.
Investors lost Rs 24.69 lakh crore in market valuation in the last four days of severe drubbing in the equity market. Spike in global crude prices, unabated foreign fund outflows, a strong US jobs data diminishing early rate cut expectations, and the rupee logging its steepest single-day fall in nearly two years dampened investors' sentiment.
Private sector lender Kotak Mahindra Bank on Wednesday said Anand Mahindra has ceased to be a promoter of the bank but will continue to be associated with the lender as a non-executive director.
India internationals Steven Dias and N P Pradeep, who are in a transfer controversy with their employer, said since Mahindra United has agreed to a hike in their salary they have no issues in playing for the Mumbai club if the promise is kept.
It is expected to be ready by 2017.
The risk-reward for the Indian markets, Morgan Stanley said, is turning favourable.
From the Sensex firms, Tata Steel, Power Grid, NTPC, Kotak Mahindra Bank, Reliance Industries and Adani Ports were among the biggest gainers. Asian Paints and Tata Consultancy Services were the only laggards.
After lagging behind peers for years, the company changes tack to achieve ambitious revenue target of $5 billion in two years.
The company is evaluating options to launch the Scorpio, Bolero, Xylo and pickup trucks in the Chinese market. However, no firm decision has yet been taken. In China, the company already has a presence in the tractor segment through Mahindra China Tractors, a joint venture company with and Jiangling Motors Company.
With a lacklustre workmanship on display, East Bengal on Friday escaped with a 1-1 draw against Mahindra United in a Round VII enocounter of the ONGC I-League at Yuba Bharati Krirangan at Salt Lake in Kolkata.
The walloping score beat the previous 8-0 margin that Vasco had notched against HAL in Goa in April 2003.
KC Mahindra Education Trust, Mumbai, invites applications for Mahindra All India Talent Scholarships.
From the 30-share Sensex pack, Tata Consultancy Services, Infosys, NTPC, HCL Technologies, Axis Bank, Tech Mahindra, Bajaj Finserv, Sun Pharma, IndusInd Bank and Reliance Industries were the major laggards. Tata Steel, Hindustan Unilever, Mahindra & Mahindra, Nestle and State Bank of India were among the gainers.
Mahindra Group is keen to expand its retail operations.
The Indian IT company in turn will host the cloud and mobile-based services in Singapore and Malaysia, while providing direct sales and IT services to clients throughout Association of Southeast Asian Nations region.
The solitary point from the I-League match swelled Mumbai FC's tally to 23. They continue to remain in fourth place, while Mahindra have 16 points, the same as JCT, but move up to seventh position as they have scored more goals than the Punjab side despite having the same goal difference.
Is the XUV700 just a facelifted XUV500 or is it a completely new breed in the vast range of SUVs available today? Rajesh Karkera takes the latest offering from the Mahindra stable for a spin to find out.
From the 30 Sensex firms, Mahindra & Mahindra, Infosys, Kotak Mahindra Bank, JSW Steel, Adani Ports, Tata Motors, Adani Ports, ITC and Titan were the major laggards. HDFC Bank, Bharti Airtel, Reliance Industries, Asian Paints and State Bank of India were the gainers.
The Satyam buyout gives the tech firm a chance to diversify away from telecom, something it badly needed to do. It shouldn't be too difficult for Satyam to be able to turn in an operating profit of close to Rs 1,000 crore in 2009-10, so that would translate into an EV/ebitda of 8.4 times for the company.
The new scooter will be an addition to the company's existing range of 125 cc scooters, Rodeo and Flyte that cater to different consumer segments.
From the Sensex firms, Adani Ports, Eternal, Bajaj Finance, Axis Bank, Bajaj Finserv, Reliance Industries, Power Grid and NTPC were the major gainers. Sun Pharma, however, tanked over 5 per cent.
Mahindra United beat Goan club Dempo SC 3-1 in the 12th round of the I-League.
Mahindra United made light of the controversial expulsion of their agitated coach, Derrick Pereira, before the start of the second session to record a heartwarming 3-1 come-from-behind victory over JCT in a 10th round I-League match at the Cooperage on Thursday.
It looks very different! Very, very different! Plus this is the first bike ever that allows you to change the seat height as per the rider's comfort.
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