Larsen & Toubro, Axis Bank, Reliance Industries, UltraTech Cement, Mahindra & Mahindra, IndusInd Bank, ICICI Bank and Tata Steel were the other big gainers. Sun Pharma, HCL Technologies, Asian Paints, Nestle and Infosys were the laggards.
The only silver lining in March's performance -- which otherwise dragged down the financial year's momentum -- was a 6 per cent year-on-year (Y-o-Y) growth compared to March of the previous year. This is largely due to incentives, festival-driven gains, and new launches.
Mahindra & Mahindra (M&M) reported very strong results for the January-March quarter of the last financial year (Q4FY24), beating consensus comfortably. The margins of the automobile business improved 170 basis points (bps) year-on-year (Y-o-Y) to 8.8 per cent, while FES (Farm Equipment Sector) margins improved to 15.8 per cent (up 60 bps Y-o-Y), despite a decline in volumes due to cost optimisation and lower raw material costs.
The Chairman of Mahindra Group may have just given us a lesson on gender equality and the reality of corporate life.
Mumbai's Museum of Living History is truly a delight.
15 to 25 per cent of property registrations in Mumbai come from redevelopment, with over 3,500 projects approved by May 2024.
Ednei Jose Damasio scored a brace in a 5-0 win in the National Football League.
Auto major Mahindra & Mahindra said it has decided not to acquire the over 95 per cent stake in the beleaguered PSU firm Scooters India at present, as it has "various things" to do.
American chip behemoth Nvidia Corp and India's retail-to-refining giant Reliance Industries on Thursday unveiled their goal to build a formidable AI computing infrastructure in the country. Highlighting the tie-up, Jensen Huang, founder and CEO of Nvidia, made a broader appeal: India should focus on "manufacturing" AI, rather than racing to build semiconductor fabs. As part of this collaboration, Nvidia will reportedly supply its Blackwell AI processors to power Reliance's one-gigawatt data center in Jamnagar, Gujarat.
Among the Sensex pack, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Bajaj Finance, IndusInd Bank, Bharti Airtel and Nestle were the biggest gainers. Tata Consultancy Services, Sun Pharma, Infosys and Tata Motors were among the laggards.
The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into banking business through newly created niche category of Payments and Small Finance Banks.
IT firm Satyam Computer on Tuesday said its new owner Tech Mahindra has completed the process for acquiring 31 per cent stake in the company.
In a surprising turn of events, Mumba Masters defeated tournament leaders PBG Alaskan Knights, denying them direct qualification to the finals of the Tech Mahindra Global Chess League in London on Wednesday.
The inaugural Formula E race in Hyderabad is scheduled for February 11 next year, joining the likes of New York, London and Rome on the calendar.
Portuguese rider Miguel Oliveira made history for India's first and only motorcycle constructor in international motorcycle racing today, fighting back from a weak start to claim a first-ever top-three podium finish for Mahindra's MGP3O Moto3 racer.
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.
The Mumbai teams undoubtedly took the honours in the third round of matches.
Union of scam-tainted Satyam and telecom-focused Tech Mahindra has produced a fitter company.
Team Mahindra enjoyed yet another double top-six result as Miguel Oliveira and Efren Vazquez finished fourth and sixth at German Grand Prix in Moto3 category of the MotoGP championships in Sachsenring, Germany.
Last day for bid over; Mahindra is said to be one of those interested.
Local outfit Mahindra United pipped Mohammed Sporting, Kolkata 4-3 in the third round of the eighth National Football League.
The current spurt in the stock market is on account of strong fundamentals and robust corporate earnings and retail investors can look for buying opportunities to accumulate quality stocks, experts said.
'Gujarat is the frontrunner at present.'
'However, Tamil Nadu's robust automobile ecosystem and Telangana's aggressive incentives make them strong contenders.'
The Mahindra BAJA SAE India recently held its annual challenge for undergraduate engineers.
FCA has alleged that the Roxor, which M&M imports in the US from India as knocked-down kits, was "a nearly identical copy of the iconic Jeep design", adding that the product was modelled after the original Willys Jeep.
It pains former F1 driver Karun Chandhok to see that interest in motorsport in India has declined drastically.
Rajesh Karkera/Rediff.com, who attended the Hong Kong leg of the Formula E Championship, documents life off the racing track.
Ministries such as road transport and heavy industries are learnt to have objected to NITI Aayog's attempts to become an implementing body for the EV programme.
Tata Group remained India's largest business conglomerate in market capitalisation in calendar year 2023 while the Mukesh Ambani camp raced ahead of the Adani businesses to become the second-largest. The Tata companies ended 2023 with a combined group market capitalisation of Rs 28.68 trillion, up 35 per cent from the Rs 21.2 trillion at the end of December 2022. Ambani's group mcap is Rs 19.42 trillion at the end of CY23, up 10.7 per cent from the Rs 17.6 trillion a year ago.
The 30-share BSE Sensex surged by 477.24 points or 0.83 per cent to close at more than one-week high of 57,897.48. As many as 28 of its constituents closed with gains while two declined. The broad-based Nifty of the National Stock Exchange rose by 147.20 points or 0.86 per cent to settle 17,233.45, tracking gains in Sun Pharma, Asian Paints, and Reliance Industries.
This is the royal couple's last event in Mumbai before they head off to Delhi where they will pay tribute to Mahatma Gandhi and later celebrate the Queen's 90th birthday. Here's a glimpse of all that happened at The Social.
Seven auto companies lost share in the current year because of different reasons.
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SBI will hold 30 per cent in RIL joint venture
Applicants have also in the past expressed fear about higher capital requirements, stringent priority sector lending norms and rules on promoter shareholding as key deterrents.
In the Sensex pack, HDFC, ONGC, Bharti Airtel, Titan, Asian Paints, Mahindra and Mahindra and TCS were the prominent gainers. On the other hand, ICICI Bank, IndusInd Bank, NTPC, UltraTech Cement, Tech Mahindra and SBI were among the major laggards. On the other hand, HCL Tech, Tech Mahindra, HUL, Bharti Airtel and ICICI Bank were trading in the red.
Mahindra & Mahindra (M&M), the country's largest tractor company, has acquired the controlling stake in Punjab Tractors Ltd (PTL), the fourth largest tractor firm, outbidding Hinduja group firm Ashok Leyland.
The O P Jindal Group has emerged as a strong contender for Ispat Industries, the debt-laden company owned by Pramod and Vinod Mittal.
111 light helicopters have to be built indigenously through joint ventures between Indian and foreign firms.
A new user-friendly app to control the beast. Automatic transmission with petrol engine. Electronic sunroof. Plus, of course, the safety elements. Rajesh Karkera/Rediff.com on what makes the new XUV300 special.
