Page 5 - Anand Mahindra

M&M plans to exit loss-making international subsidiaries in a year

The move is prompted by the steep impairment loss reported by the consolidated entity as SsangYong Motor (SYMC), its Korean subsidiary, and Genzee, its two-wheeler entity in the US, turned in losses.

Anand Mahindra invests $1 million in social network start-up Hapramp

The firm is working on the biggest social media challenges: user privacy, data security, and fair content monetization.

Lockdown extensions economically disastrous, says Anand Mahindra

While acknowledging that choices are not easy for policy makers, he said a lockdown extension will not help.

Tour of Duty: Anand Mahindra may recruit those who serve in Army for 3 yrs

This proposal is part of the Indian Army's efforts to attract the best talents of the country into its fold

Big names in Indian philanthropy team up to respond to climate change

Some of the biggest names in Indian philanthropy have teamed up with researchers and more to craft an India-specific response to the climate crisis. Nikita Puri reports on the development

India Inc wants govt to shift focus to economy amid Covid-19 outbreak

CEOs warn of economic depression, say need to work within new normal

Reliance Jio connects with Facebook for $5.7-billion equity deal

Investment values Jio Platforms at Rs 4.36 trn; US giant gets 9.99% stake, board seat; collaboration is non-exclusive

Competitors join hands to tide over supply-chain challenges amid lockdown

Towards the end of last week, at least three such tie-ups were announced

Family businesses: Time to stand up

Taking care of people and communities in times of crisis can offer a brand or company many long-term benefits

Coronavirus pandemic to leave behind a global recession: Anand Mahindra

The coronavirus pandemic will leave behind a global recession with small businesses, self-employed and daily wagers taking the worst hit, Mahindra Group Chairman Anand Mahindra said on Thursday. "The virus will eventually be conquered, but it will have left behind a global recession. The costs of that are incalculably high at this time. The most fearsome toll will be on small businesses, the self-employed & those whose lives depend on meagre daily wages," Mahindra said in a tweet. Apart from the toll on lives, the legacy of Covid-19 may well be deaths due to stress, loss of livelihoods, a rise in homelessness and in extreme situations, civil unrest, he added. "The only global experience that has lessons for us in the current situation is the last world war. In the aftermath of WW2, the US came up with the Marshall plan to revive Europe, effectively a giant fiscal pump-priming," Mahindra said. In the US, the government dramatically dismantled regulations and opened up the economy ..

Anand Mahindra praises woman who took on bikers riding on footpath

Days after a viral video with a lady taking on bikers riding on footpaths grabbed headlines, automobile giant Mahindra's Executive Chairman Anand Mahindra lauded the woman in the clip.Mahindra shared the video on the internet and called for the observance of 'International Aunties Day.'"Just saw this & I'm now an instant fan of all 'Aunties!' More power to their tribe. This Aunty should be celebrated on #InternationalWomensDay," he tweeted along with the video."Or maybe we should institute an International Aunties' Day? Smiling face with smiling eyes. The world is a better and safer- place because of them," his tweet further read.In the video which is currently making rounds on the internet, a lady from Pune is seen asking bikers to not ride on the footpath.

It'll take more than bravado to survive Coronavirus scare: Anand Mahindra

We will need to 'ensure that we all follow practices which limit the import and spread of the virus', Anand Mahindra said in a Twitter post

Anand Mahindra clip of lad doing Bhangra dance for Melania Trump goes viral

Mahindra Group chairman shares video of a young boy, named Gaganjit, making an impromptu dance performance during First Lady Melania Trump's visit to his school

Trump to visit India on Feb 24-25, here's what India expects from him

According to the sources, Trump's business delegation with around 15 CEOs would represent sectors ranging from finance and banking to information technology and retail

M&M doesn't want to be patriarchal, wants to buck the trend: Anand Mahindra

My whole style is to gradually step away and allow for empowerment. Family businesses have to put competent people in charge, says Anand Mahindra

Companies likely to change dividend tax policy after Budget changes

Analysis of S&P BSE 500 companies suggests that promoters of Indian private-sector companies in particular could end up paying at least 20 per cent more as additional tax on the same dividend income

Business leaders come together, set up body for climate change action

Among ICC's tasks would be to build a compelling, India-focused climate narrative and drive solutions that help people and nature thrive

PM meets Ambani, Tata, other biz leaders to discuss economy ahead of Budget

Richest Indian Mukesh Ambani, Tata group patriarch Ratan Tata, telecom czar Sunil Bharti Mittal, billionaire Gautam Adani, Mahindra Group chairman Anand Mahindra were among those who attended

M&M rejigs top management in automotive, farm equipment divisions

Homegrown auto major Mahindra & Mahindra (M&M) on Monday announced a rejig of its top management in automotive and farm equipment sectors with its President for auto vertical Rajan Wadhera set to retire and step down from executive role. Announcing changes in the group corporate office as well as in auto and farm sectors, to be effective from April 1, 2020, the company said Veejay Nakra will be appointed as CEO of the auto division. He will have operating responsibility for passenger vehicles and entire commercial business with profit and loss accountability, except for product development process, M&M said in a statement. It further said Hemant Sikka will head the farm equipment sector, while R Velusamy will be appointed as the chief of Global Product Development (Automotive) and Vinod Sahay as Chief Purchase Officer of AFS (auto and farm sectors). Nakra, Sikka, Velusamy and Sahay will report to Rajesh Jejurikar, who will join M&M Board as Executive Director AFS from .

Anand Mahindra to assume non-executive chairman role in M&M succession plan

On April 1, 2020, Rajesh Jejurikar will join the M&M Board as Executive Director (Auto and Farm Sectors)