M&M's Canada-based associate firm files for winding up; stock drops 3%
Upon liquidation of Resson Aerospace, M&M is entitled to receive around ₹28.7 crore as distribution of proceeds towards Class C preferred shares held by the company.
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M&M Q1 profit jumps 60% to ₹3,508 crore
The company's automotive business clocked the highest-ever volumes in the first quarter at 186,000 units
M&M shares fall 7% after RBL Bank investment
Shares of Mahindra & Mahindra dropped as much as 7% on Thursday.
IFC to invest ₹600 cr in Mahindra’s mobility biz; share rises 2%
The investment by IFC will be in the form of compulsory convertible instruments at a valuation of up to ₹6,020 crore.
The New Auto Champions
As industry enters a new growth phase, emerging ancillary players are shaking up the status quo.
Decoding India’s UV Onslaught
How utility vehicles came to dominate the Indian market and why the trend is here to stay.
M&M Q3 profit rises 14% to ₹1,528 cr; revenue jumps 41%
On the consolidated basis, profit climbed 35% YoY to ₹2,677 crore, while revenue grew 30% YoY to ₹30,620 crore in Q3 FY23.
M&M Q2 posts highest ever quarterly profit at ₹2,090 cr; revenue jumps 57%
The record surge in top and bottom line was driven by robust volume growth in both auto and farm equipment segments.
Sensex, Nifty to open flat; ACC, Ambuja, Adani Power, M&M, Paytm, Vedanta shares in focus
The Sensex and Nifty are poised to open flat to higher on Monday, tracking mixed cues from Asian peers as investors prepare for a rate hike from the U.S. Fed.
M&M overtakes Tata Motors to become 2nd most valued auto company
The market cap of M&M surged to ₹1.64 lakh crore, which is more than the combined m-cap of Tata Motors and Tata Motors DVR (₹1.58 lakh crore).
