Page 7 - Mahindra Group

'Not possible to do away with repossession agents': Mahindra Finance MD

'Specialised people' needed to ensure loan defaulters don't cheat company, says Ramesh Iyer in interview

Mahindra Lifespaces Developers logs net loss of Rs 8 crore in Q2

The company has also set a target of achieving annual residential sales of Rs 2500 crore and annual leasing of Rs 500 cr

NBFCs' recovery to be hit after RBI action against M&M Financial Services

Moreover, as lenders will not deploy their own staff for such activity, their operation costs may go up, said experts

'Can't outsource recovery agents': RBI cracks the whip on M&M Financial

This is probably the first time the regulator has cracked down on lenders on recovery by coercive methods, which is typically a hallmark of outsourced recovery agents

Indian cos leading global fight against climate change: Mahindra Group MD

India can take the lead in the global fight against climate change as a number of homegrown companies are already leading the march, Mahindra Group MD & CEO, Anish Shah said on Tuesday. Global warming has resulted in a number of natural disasters and if it continues unabated it would lead to catastrophic consequences, he said while speaking at the FICCI LEADS 2022 event here. "We've seen our Prime Minister (Narendra Modi) make some very bold statements, including getting to 50 per cent renewable energy by 2030, and that is really an acknowledgement of the fact that India can lead the world on this," Shah said. He further said, "a number of Indian companies have been leading at the world stage in this, as well by looking at new technologies, by looking at green materials coming in by decarbonising industries." Therefore, Shah said, "It's something that we cannot ignore and say we are a developed country or a developing country and it's for others to solve. We have to be able to ...

Electric vehicle launch success key to further gains for M&M stock

SUV launches getting traction, weak rural demand a headwind for tractors

Mahindra Group sells 30% stake in renewables arm for Rs 2,317 crore

The group will receive approximately Rs 1,300 crore ($165 million) as a result of this transaction

Mahindra Group, Ontario Teachers' partner to invest in renewable energy

The Mahindra Group and Ontario Teachers' on Saturday announced forming a strategic partnership under which they will invest around Rs 4,550 crore to grow future portfolios of Mahindra Susten Private Ltd (MSPL), a renewable energy platform of the former. "Mahindra Group and Ontario Teachers' have agreed to invest an amount of around Rs 4,550 Crores to grow MSPL's future portfolio," a regulatory filing said. The filing showed that under MSPL, a subsidiary of Mahindra Holdings Ltd (MHL) and 2452991 Ontario Ltd (2OL) have inked share purchase agreement and shareholders' agreement under the strategic partnership. The agreements provide for selling 30 per cent equity by MHL in MSPL to 2OL for a cash consideration of Rs 711 crore, it showed. Mahindra Holding Ltd (MHL), a subsidiary of Mahindra & Mahindra Ltd, will sell additional 9.99 per cent of the paid-up equity share capital of MSPL to any other investor(s) or 2OL or any of its affiliates (Ontario Teachers') by 31th May, 2023, showed

M&M to unveil Mahindra XUV 400 EV this week; here's what we know so far

The model, which is basically the electric version of the XUV300 sub-company SUV, was first showcased in 2020 at an Auto Expo

M&M won't pump more funds into Pininfarina, seeks external investors

The firm is also "closely monitoring" Peugeot Motorcycles, Mahindra Trucks & Buses and Construction Equipment businesses as their "performance is below expectation"

Mahindra Lifespace crossed $1 bn m-cap, proved sceptics wrong: CEO

Mahindra Group Chairman Anand Mahindra on Friday said the market cap of its realty firm Mahindra Lifespace has crossed USD 1 billion, proving sceptics wrong that the company could not survive without transacting in black money. The milestone has vindicated the Group's entry into the real estate sector, he said. Mahindra Lifespace Developers Ltd is the real estate arm of the Mahindra Group. It is listed on stock exchanges. Shares of Mahindra Lifespace Developers were trading at Rs 519.75 apiece on BSE, up 2.29 per cent at 1128 hrs. The market capitalisation of the company was at Rs 8,032.51 crore. This morning Mahindra Lifespace crossed a market cap of USD 1 billion and became the next 'unicorn' in our Group, tweeted Anand Mahindra. "I remember when I entered the real estate sector in the late 80s via Mahindra Ugine, I was told that we would not survive without transacting in black money. "But that was exactly why I felt we had to enter the sector & prove the sceptics wrong," he .

BHARAT: An Indian font that integrates elements from 12 languages

India's top typographers at Rediffusion Design Studios have been working hard for the past six months to create a font that would be intrinsically and eternally Indian

Need to address gap due to India's jobless growth, says Anand Mahindra

On inflation, he said that though it's a concern from the business angle, it can nevertheless provide a minimum threshold of returns on productive assets

Need to boost manufacturing to create jobs, says Anand Mahindra

"Only 40 per cent of the labour force that is capable of working is actually working or looking for work. The biggest sufferers are youth and women," said Mahindra.

M&M shares jump over 6% after July sales data; hit 52-week high

Shares of Mahindra & Mahindra Ltd on Monday jumped over 6 per cent after the company reported a 33 per cent increase in domestic passenger vehicles sales in July this year. The stock climbed 6.15 per cent to settle at Rs 1,236.35 apiece on the BSE. During the day, it rallied 7.18 per cent to its 52-week high of Rs 1,248.40. It was the biggest gainer among the Sensex constituents. On the NSE, the stock jumped 6 per cent to Rs 1,234.50 apiece. In volume terms, 16.65 lakh shares were traded on the BSE and over 1.26 crore shares on the NSE during the day. On Monday, Mahindra & Mahindra Ltd reported a 33 per cent increase in domestic passenger vehicles sales in July this year at 28,053 units, driven by its utility vehicles. The company had sold 21,046 units in the same month last year, Mahindra & Mahindra (M&M) said in a regulatory filing. The 30-share BSE benchmark climbed 545.25 points or 0.95 per cent to settle at 58,115.50.

M&M hits new historic high; may hit Rs 1,500 levels soon, charts show

M&M stock has formed a "Golden Cross" pattern, exhibiting a healthy up move

Real estate demand from industries is seeing a steep rise: Arun Nanda

After working for 50 years in various capacities in the Mahindra group, Nanda retired as the Chairman of Mahindra Lifespaces last week

Mahindra Lifespaces' chairman Arun Nanda retires, successor named

Nanda joined the Mahindra Group in 1973 and has held several important positions within the group over the years

Tech Mahindra net profit falls 16.4% to Rs 1,132 crore in April-June

"We remain resilient and watchful given the dynamic global macroeconomic environment and will continue to invest in new and emerging technologies to deliver differentiated offerings," its MD &CEO said

M&M open to investing in EV battery cell maker to secure supplies: CEO

Mahindra on Thursday raised $250 mn from British International Investment for its new electric vehicle unit at a $9.1-bn valuation