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.
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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).
M&M share up 2% on acquiring Sampo Rosenlew Oy; rises 76% in 4 months
Shares of Mahindra & Mahindra (M&M) rose after the company acquired a 100% stake in Finland-based combine harvester firm Sampo Rosenlew Oy
M&M raises ₹1,925 cr for new EV subsidiary; stock jumps 5%
UK-based British International Investment (BII) will invest up to ₹1,925 crore into a new subsidiary of M&M which will focus on four-wheel passenger electric vehicles.
Mahindra & Mahindra shares jump 6% to hit all-time high; here’s why
Mahindra & Mahindra shares rallied 5.6% to hit a fresh life-time high of ₹1,006.70 on the BSE as investors cheered its Q4 results.
