
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 investment by IFC will be in the form of compulsory convertible instruments at a valuation of up to ₹6,020 crore.
As industry enters a new growth phase, emerging ancillary players are shaking up the status quo.
How utility vehicles came to dominate the Indian market and why the trend is here to stay.
On the consolidated basis, profit climbed 35% YoY to ₹2,677 crore, while revenue grew 30% YoY to ₹30,620 crore in Q3 FY23.
The record surge in top and bottom line was driven by robust volume growth in both auto and farm equipment segments.
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.
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).
Shares of Mahindra & Mahindra (M&M) rose after the company acquired a 100% stake in Finland-based combine harvester firm Sampo Rosenlew Oy
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 rallied 5.6% to hit a fresh life-time high of ₹1,006.70 on the BSE as investors cheered its Q4 results.