Ford Motor Co. is reversing plans to divest the majority of its Indian operations to Mahindra & Mahindra Ltd., deciding to pull out of a proposed joint venture and continue its independent business in the country. The two companies agreed to terminate the venture after reassessing in part due to …
Read More »
NEW DELHI Here is a list of the top ten stocks that may be in the news on Friday: Vedanta: Major miner Vedanta Limited emerged as the highest bidder for the Radhikapur West coal block, located in Angul district, Odisha, at a distance of about 190 km from the Company’s …
Read More »
NEW DELHI: In a sudden and surprising move towards the close of 2020, the American automaker Ford and homegrown Mahindra and Mahindra decided to cancel their car joint project, blaming the decision on the “world economy and business conditions caused, in part, by the global pandemic ”. Ford insisted that …
Read More »
Indian markets climbed to new record highs on Wednesday, following strong gains in Asian indices. The S&P BSE Sensex rose 240 points, or 0.5 percent, to 46,500 levels. The index reached an intraday high of 46,592. Meanwhile, the wider Nifty50 topped the 13,650 mark. Mahindra & Mahindra was up 3 …
Read More »
NEW DELHI Here is a list of the top ten stocks that may appear in the news on Thursday: TCS: India’s largest IT services company, Tata Consultancy Services (TCS), has announced a share buyback program of up to ₹16,000 crore, which will begin on December 18 and close on January …
Read More »
Pawan Goenka, CEO of Mahindra & Mahindra New Delhi: Pawan Goenka, Managing Director of Mahindra & Mahindra, posed five provocative and pertinent questions to the Indian auto industry that need to be addressed in order to position it globally. The industry stalwart spoke at ACMA’s 60th annual convention, where he …
Read More »
August was a good month for passenger car sales as manufacturers sought to restock inventory channels in anticipation of a rebound in holiday season sales. In fact, growth for the industry-leading Maruti was even marginally higher than Street’s estimates. While demand is returning to the need for personal mobility, long-term …
Read More »