Mahindra Group

Mahindra expands cultural outreach with yet another festival: Percussion

Day-long event in Bengaluru on Saturday is the newest in the conglomerate's Nov-March calendar patronising the arts

Cero plans to set up at least 100 vehicle scrapping centers by 2025

"By 2025, the target is clear that we need to be in more than 100 cities," said Cero's director

Mahindra Lifespaces Q3 net up 33% to Rs 33.21 cr, income rises to Rs 198 cr

Realty firm Mahindra Lifespace Developers Ltd on Thursday reported a 33 per cent increase in its consolidated net profit at Rs 33.21 crore for the quarter ended December. Its net profit stood at Rs 25.02 crore in the year-ago period. Total income rose sharply to Rs 198.14 crore in the third quarter of the current financial year from Rs 33.32 crore a year ago, according to a regulatory filing. Net profit during the April-December period of this fiscal jumped to Rs 100.88 crore from Rs 17.67 crore in the corresponding period of the previous year. Total income also rose to Rs 389.30 crore in the first nine months of FY23 from Rs 253.22 crore in the same period last year. Mahindra Lifespace, which is part of Mahindra Group, is one of the leading real estate firms in the country.

Had toyed merging with Satyam a year before it went bust: Anand Mahindra

The Mahindra Group had toyed with the idea of merging with Satyam Computer Services a year before the Hyderabad-based IT company went bust, its Chairman Anand Mahindra said

Mahindra carries messages from the 'citizens of future'

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India's Mahindra named fastest-growing brand in South Africa for 2022

The Indian auto manufacturer Mahindra has been named the fastest-growing brand in South Africa for the year 2022 as the company's local subsidiary set several records in the last year, according to a report by the National Association of Automobile Manufacturers of South Africa (NAAMSA). The report said that 'Mahindra SA' increased its sales volume by a massive 78 per cent compared to 2021, the highest of all the vehicle brands that report their sales to NAAMSA and more than five times the market average. The sales report further shows that Mahindra grew its total sales in the passenger vehicle market by 80 per cent to 4 027 vehicles in 2022 and its light commercial sales (that of its popular Pik Up and Bolero ranges) by 77 per cent to 8,885 vehicles. The company hit an average monthly sales figure in excess of 1,000 units per month, breaking through the magical 10,000 unit per annum mark for the first time and reaching close to 14,000 total sales for the year, it said. This is al

German PE firm acquires 80% stake in Mahindra-owned Peugeot Motorcycles

The Munich-based private equity holding company has a portfolio of 32 companies and has a presence across Europe

'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