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M&M acquires entire stake in Mahindra Automotive Mauritius

Mahindra & Mahindra (M&M) has acquired 100% stake in Mahindra Automotive Mauritius on November 06, 2018. M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. ... Read More »

Tech Mahindra gets nod for scheme of merger

Tech Mahindra has received an approval for Merger by Absorption of Tech Mahindra Growth Factories (hereinafter collectively referred as the Transferor Company), a wholly owned subsidiary company with itself (the Company or Transferee Company) and their respective Shareholders. The Board of Directors of the company at their meeting held on ... Read More »

Mahindra Logistics acquires 5.06% stake in Lords Freight

Mahindra Logistics has completed the purchase of 119,610 (5.06%) equity shares of Lords Freight (India) (Lords), Subsidiary company from its existing Shareholder, resulting an increase in the company’s stake in Lords from 68.69% (pre-acquisition) to 73.75% (post-acquisition). Mahindra Logistics provides logistics solutions, warehousing facilities, freight forwarding and supply chain management ... Read More »

Tech Mahindra reports 27% rise in Q2 consolidated net profit

Tech Mahindra has reported results for second quarter ended September 30, 2018. The company has reported a marginal fall of 2.95% in its net profit at Rs 1,337.07 crore for the quarter under review as compared to Rs 1,377.67 crore for the same quarter in the previous year. However, total ... Read More »

Mahindra CIE Automotive reports 74% rise in Q3 net profit

Mahindra CIE Automotive has reported results for third quarter ended September 30, 2018. The company has reported 73.80% rise in its net profit at Rs 42.58 crore for the quarter under review as compared to Rs 24.50 crore for the same quarter in the previous year. Total income of the ... Read More »

Tech Mahindra wins Golden Peacock Global Award

Tech Mahindra has won the coveted Golden Peacock Global Award for the excellence in corporate governance- 2018 instituted by Institute of Directors, Delhi (IOD). The Golden Peacock Awards are regarded as a benchmark of Corporate Excellence worldwide. The awards aim to promote business excellence by providing a Framework or Criteria ... Read More »

M&M’s arm incorporates ‘Mahindra Summit Agriscience’

Mahindra & Mahindra’s (M&M) subsidiary — Mahindra Agri Solutions (MASL) — has incorporated a subsidiary ‘Mahindra Summit Agriscience’ with effect from October 9, 2018, which in turn is a subsidiary of the company. Mahindra Summit Agriscience will undertake the business of manufacturing, distribution and retailing of fertilizers, agro chemicals, nutrients ... Read More »

Tech Mahindra expecting 30-40% growth in cyber security business

Tech Mahindra is expecting 30-40% growth in its cyber security business, at least for the next three years. The company recently signed partnership pact with security arm of Israel government-run Israel Aerospace Industries (IAI) to provide and develop a technical security solution for utility firms and critical infrastructure. Tech Mahindra ... Read More »

Mahindra AMC launches“Mahindra Unnati Emerging Business Yojana”

  New Fund offer opens for initial subscription from January 8, 2018 to January 22, 2018 Udaipur : Mahindra Asset Management Company Pvt. Ltd. (MAMCPL), the investment manager to Mahindra Mutual Fund anda wholly owned subsidiary of Mahindra Financewill launch Mahindra Unnati Emerging Business Yojana, Mid Cap Fund – An ... Read More »