MAHINDRA MAHINDRA LTD Q4 RESULTS
Booming used car market creates job roles
Car companies may be battling the slowdown with job cuts. But new opportunities are opening up for auto engineers & diploma holders in organised used car retail, a segment that is expanding rapidly. Demand for used cars have seen an increase of 12-15% for over a year now. Currently, the organised used retail industry directly employees around 10,000 people.
EESL falls way short of ambitious target to electrify government's car fleets
The move to electrify government employees’ car fleet ended wit...
Anand Mahindra offers car to man who takes mother on pilgrimage
According to a report on the Internet, Krishna Kumar has quit his banking job...
How to craft an RCEP to India’s advantage
We must resist the temptation of giving away valuable access for empty global praise.
Unsure Motown shelves $3 billion capex plans
Maruti’s parent Suzuki Motor corporation has deferred its $550-million third plant in Gujarat while Honda Motorcycle and Scooter India has pushed back plans to commence production from its third manufacturing line in Gujarat. Suzuki Motorcycle India has also put off by a few years its proposal to set up a second plant.
US treasury secretary asks India to build steady tax regime
US treasury secretary Mnuchin met some industrialists at the Taj Mahal Hotel in Mumbai. One of the industrialists at the meeting told ET Magazine that Mnuchin said India should do “something right” to make the most of the situation . Among the things that Mnuchin reportedly would like to see is a consistent taxation regime and lower trade barriers.
India Inc admires SC for unanimous verdict on Ayodhya dispute
In a unanimous verdict, the Supreme Court's five-judge bench asked the government to allot a five-acre plot in a "prominent" location in the holy town of Ayodhya in Uttar Pradesh for constructing a new mosque. The disputed 2.77-acre plot will for now remain with a central government receiver, who will hand it over to a government-created trust.
Market Movers: What changed for D-Street while you were sleeping
Nifty50 on Thursday broke above the psychologically important 12,000 mark on a closing basis.
Mahindra & Mahindra total sales down 21% to 43,343 units in September
The company had sold 55,022 units in the corresponding month last year, M&M said in a regulatory filing.
Govt’s Rs 25,000 crore booster: Top real estate players to gain most
Nine top players sold properties worth Rs 22,800 crore in FY19 thanks to millenials buyers.
DHFL resolution:SBI says lenders awaiting HC verdict on November 11
Edelweiss AMC, Kotak Mahindra AMC, Axis Asset Management and Reliance AMC had moved the Bombay High Court seeking a direction to DHFL to disclose all its assets and liabilities and also to temporarily prevent it from making payments/disbursements to secured and unsecured creditors.
Reinventing the wheel: The constant transformation of India’s auto sector
Today, sustainable manufacturing has become an important strategic tool for auto companies to differentiate themselves from their competitors, experts believe.
Top listed realtors’ residential sales jump two-fold since demo
These companies have together sold around 44 million sq ft of residential space in 2018-19 against around 17 million sq ft in 2016-17— the demonetisation period — and 27 million sq ft in 2014-15. Their sales have collectively grown by 63% since the housing market's peak years of 2014-15, showed data from ANAROCK Research.
Auto sector: What the numbers don't tell
Retail sales figures reflect actual purchases by buyers and there can often be a mismatch between the two sets of numbers, with wholesale not being a true representation of consumer sentiment.
We would not see any pressure on NPA front in next two quarters: Ramesh Iyer, Mahindra Finance
We definitely see a declining trend in the borrowing costs and that should help us going forward.
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