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.
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.
Mahindra MF, which began operations in July 2016, is currently a bit-player and placed 31 among 42 fund houses, with assets under management of about Rs 4000 crore
From the Sensex firms, Bharti Airtel, Power Grid, Tech Mahindra, Infosys, Bajaj Finance and Reliance Industries were among the major laggards. However, Larsen & Toubro, Bharat Electronics, UltraTech Cement and Maruti were among the gainers.
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.
The walloping score beat the previous 8-0 margin that Vasco had notched against HAL in Goa in April 2003.
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.
The money will be used to develop products jointly.
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.
KC Mahindra Education Trust, Mumbai, invites applications for Mahindra All India Talent Scholarships.
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.
As per RBI's banking licensing norms, a private bank's promoter holding has to be brought down to 40 per cent within three years of operations, 20 per cent within 10 years and 15 per cent within 15 years.
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.
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.
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.
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.
M&M, which owns a 75 per cent stake in SYMC, rescued the sport-utility vehicle (SUV) maker from near-insolvency in 2010 but has struggled to revive its fortunes.
It is expected to be ready by 2017.
Chidi Edeh scored the all-important goal and took JCT to fourth on the NFL table, behind Churchill Brothers, who whipped Mohd Sporting 4-1 in another match.
The Goa team scored a 5-1 victory over the Mumbai champions in the I-League to prove that their Durand Cup triumph was no fluke.
Mahindra United beat Border Security Force by a late goal to set up a quarter-final date with Sporting Clube de Goa in the Durand Cup football tournament at the Ambedkar Stadium in Delhi on Friday.
After lagging behind peers for years, the company changes tack to achieve ambitious revenue target of $5 billion in two years.
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.
Mahindra Group is keen to expand its retail operations.
From the Sensex firms, Reliance Industries, Tech Mahindra, Eternal, HCL Tech, Infosys, IndusInd Bank, Tata Consultancy Services and Bajaj Finserv were the biggest gainers. In contrast, UltraTech Cement, Sun Pharma, Power Grid, NTPC, Kotak Mahindra Bank and Mahindra & Mahindra were among the laggards.
A facility has been set up to assemble the vehicles with an annual capacity of 5,000. Body assembly would be undertaken by Usiparts a Usiminas System company while the chassis, suspension and engine (power-train) would be assembled by Bramont at its plant in Manaus (AM).
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.
The GST Council on Wednesday approved two slabs of 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
Mahindra & Mahindra is developing a small engine for a smaller version of its UVs and replicate the Tatas dream of a small car, a company official said.
How the XUV300's suspension, plastics and interiors hold out in Indian conditions after a couple of years will be the litmus test for its success in the long term, but for now, this SUV delivers, says Pavan Lall.
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.
Spearheaded by a brace from Ghanain Yusif Yakubu, Mahindra United outclassed Goan outfit Sporting Clube-de-Goa 3-0 in an ONGC I-League football match at the Cooperage Ground in Mumbai on Saturday.
Mahindra, who led 1-0 at half-time, scored through Douhousey D Pierre (first minute), Steven Dias (52nd) and substitute Tarif Ahmed (injury time of second half).
As competition heats up in the multi-utility vehicle (MUV) segment, the country's leading utility vehicles player Mahindra and Mahindra (M&M) plans a flexible manufacturing line for its latest launch the compact SUV Quanto to capture market share.
M&M conducted raids across six auto spare part makers and sales outlets.
The e2o, an all-electric, four-seater passenger car, will be the first model under the Mahindra Reva stable to be launched.
