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Mahindra's Ssangyong misses loan repayment of Rs 480 cr to JP Morgan

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. Ssangyong Motor Co (SYMC), the......

Mahindra's South Korean arm SsangYong Motor files for bankruptcy

Mahindra & Mahindra (M&M) on Monday said its loss-making South Korean arm SsangYong Motor Company (SYMC) has filed for bankruptcy. The SYMC has filed an application for commencement of......

Mahindra acquires majority stake in SsangYong

Auto major Mahindra & Mahindra on Monday said it has completed the acquisition of a majority stake in South Korea's SsangYong Motor Company (SMC).Mahindra, which emerged as the preferred bidder for......

Indian rupee to outperform Asian peers in 2015: HSBC

As the reform process is expected to gain further momentum, the Indian rupee will continue to outperform its Asian peers, which are likely to weaken further against the US dollar in 2015, says an......

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