Rise, the new branding initiative, is in tune with the group's growing global footprint, but experts say the real work has just begun.
Terming the coronavirus pandemic as a "crisis of a magnitude that we have never faced before", Mahindra group chairman Anand Mahindra on Thursday asked employees of the conglomerate to use the lockdown period to relook at their personal and professional way of life to prepare for the future and to serve the "post corona world". In a letter to the over two lakh employees of the group, Mahindra reiterated what he had suggested during the last global recession on how to use the "down time to Reboot, Reinvent and Reignite" through introspection of the way things are currently done and then doing them better.
From the Sensex pack, Adani Ports & Special Economic Zones, Mahindra & Mahindra, Reliance Industries, HDFC Bank, Larsen & Toubro, NTPC, State Bank of India, UltraTech Cement and Kotak Mahindra Bank were the major gainers. In contrast, Tata Steel, Titan, Bajaj Finserv, JSW Steel, Bajaj Finance, Hindustan Unilever, ITC, Tata Motors and Tata Consultancy Services were among the laggards.
Mahindra Group is keen to expand its retail operations.
The much awaited Mahindra e20 launched on Tuesday.
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.
The total value of India's top 100 brands has increased by 2 per cent, from $162.1 billion in 2020 to $164.9 billion in 2021, according to the latest Brand Finance India 100 2021 report. This uplift in brand value over the course of the first year of the pandemic is an impressive feat given the global economic crisis following the implementation of national lockdowns in March 2020, when business activity was brought to a halt, affecting both production and consumption. Among the brands that came on the top of the list include Tata Group, Reliance Industries, and Mahindra Group.
"I took some time to explore the contours of this initiative. I don't use the term 'game-changer' too often but it's apt in this case. For me, what's much more important than the mechanics of the scheme is the dramatic shift it signals in the attitude towards industry," Mahindra said in a tweet.
The market shares has already tumbled to 48 per cent from the earlier 56 per cent.
Mumbai's Museum of Living History is truly a delight.
A Mahindra group firm and electric vehicle maker, Mahindra Reva will showcase its Formula E car along with a concept electric sports car at the Auto Expo starting next week.
Hyundai Motor India Ltd has become the country's fifth most valuable auto firm by market valuation in its debut trade on Tuesday. Shares of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, listed at Rs 1,931, reflecting a decline of 1.47 per cent against the issue price of Rs 1,960 on the BSE earlier in the day. The stock slumped 7.80 per cent to Rs 1,807.05 during the day and finally ended at Rs 1,820.40 apiece, down 7.12 per cent.
BT has been associated with Tech Mahindra since the latter's inception and contributes 40 per cent to the firm's revenue but it has been looking at divesting its stake.
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The company presently manufactures eight-seater -- GA8 utility aircraft, in its Australia-based companies Aerostaff and GrippsAero which it acquired in 2010 to get into the aviation sector.
TM has an agreement with the Union of European Football Associations, while Satyam has signed up with Fifa. A Satyam spokesperson said: "Tech Mahindra has been providing mobile streaming services to Uefa, besides other telecom services. The company will support us by offering its technology expertise in football. We will go together for the two World Cups." TM and Satyam's alliance on sports may not end with the World Cup and may expand to other disciplines as well.
The Jawa 42 FJ 350 cc was launched at a surprising price of 199,142 ex-showroom Delhi, reports a nostalgic Rajesh Karkera/Rediff.com.
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 company plans to sell 92,65,275 equity shares of Rs 10 each for cash at a price to be decided entirely through a book-building process. The issue would constitute 11 per cent of the fully diluted post-issue paid up capital of the company. Club Mahindra Holidays plans to raise Rs 400-450 crore (Rs 4-4.5 billion) from the IPO, sources said.
Mahindra will serve as a mentor and sounding board for the managing director on issues to be presented to the board, especially in the areas of strategic planning, risk mitigation and external interface. In addition, he will be available to provide feedback and counsel to the managing director on key issues facing the enterprise.
Noted industrialist and diversified business conglomerate Mahindra Group Chairman, Anand Mahindra on Sunday said he would 'personally' hand over a TUV300 to shuttler Kidambi Srikanth for winning the Australian Open Super Series title.
Bajaj Auto has become the top player in India's electric vehicle market by monthly volumes, across all categories, with over 25,000 sales and registrations in September. This comes on the back of a big push in expanding distribution by the company and steady demand of electric three-wheelers. In September, the company - according to the latest Vahan data - recorded sales of 17,570 electric two-wheelers, 4,575 three-wheelers, and 3,000 Yulu low-speed electric bikes (based on company sales numbers), which do not require a licence and are not registered on Vahan.
The Mumbai power cuts come amid concerns about wider blackouts across the country due to a shortage of coal.
IT firm Tech Mahindra on Monday deposited Rs 2,910 crore (Rs 29.10 billion) for 51 per cent controlling stake in Satyam Computer.
Mahindra Group retail subsidiary Mahindra Retail Pvt Ltd is planning to invest up to Rs 100 crore (Rs 1 billion) as part of its strategy to strengthen presence in the speciality chain 'Mom and Me'.
'The combination of star power, compelling storytelling, and action-packed drama promises to set the box office ablaze and kickstart the new quarter on a spectacular high note.'
Tech Manhindra, the parent company, expects to complete merging Satyam with itself in March.
Roughly 40% of this projected outlay is expected to go towards emerging industries, including green hydrogen, clean energy, semiconductors, and electric vehicles.
Mahindra & Mahindra Ltd has touched 50 lakh vehicle production milestone, rolling out its 5 millionth vehicle from Kandivali plant in Mumbai.
The Mahindra group's Igatpuri plant becomes the first in India to be declared carbon-neutral. Ashish Narsale / Rediff.com finds out how this was achieved.
India's Mahindra group can finally start selling its airplanes in India after it got all approvals from the country's civil aviation ministry, Chairman and Managing Director Anand Mahindra said.
Briton Danny Webb and German Marcel Schrotter will represent the new Mahindra teamn in the first race of the FIM Road Racing World Championship (MotoGP) at Qatar in March.
Mahindra group and Ford Motor Co will jointly develop new SUVs and a small electric vehicle as part of several initiatives to take forward their collaboration pact signed last year.
The number of cyberfraud cases has skyrocketed from 2,677 in 1999-2000 to 29,082 in FY24 -- more than a 10-fold increase. The RBI pegs digital payment frauds at Rs 1,457 crore in FY24, up more than five times in a year. It's not just the number of frauds. What's alarming is the growing sophistication of the fraudsters, exposing the vulnerabilities within the financial system, observes Tamal Bandyopadhyay.
The $6.3-billion Mahindra Group expects to grow revenues from its agri-business venture nearly eight-fold in the next five years by expanding among national and overseas retail chains, a top group official said.
As the dust settles on the celebrations, let's delve into the inspiring lessons we can learn from India's historic T20 World Cup win.
While Modi was given this t-shirt by Biden, Microsoft CEO Satya Nadella, Chairman of Mahindra Group, Anand Mahindra, Apple CEO Tim Cook and External Affairs Minister S Jaishankar could be seen at the event, amongst many others.
Market looks at a share swap ratio of 1:8
The Mahindra Group struck up a series of high- profile deals with international aerospace players at the Air Show in Paris.
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