Budget 2020

Kotak Mahindra Bank announces launch of Kotak Remit on mobile

NEW DELHI: on Monday announced the launch of its outward forex remittance service, Kotak Remit, on mobile that will allow users to send money abroad directly from their mobile phones. The outward forex remittance solution is live on the Kotak Mobile Banking App. For the first time, Kotak customers can conveniently transfer money internationally to […]

Budget 2020

Stock market update: Nifty Auto index sheds over 2%; Mahindra & Mahindra tanks 5%

NEW DELHI: Nifty Auto index was trading on a negative note at 02:18PM (IST) on Monday. Shares of Mahindra & Mahindra (down 5.03 per cent), Bosch (down 3.62 per cent), Eicher Motors (down 2.96 per cent), Bharat Forge (down 2.89 per cent) and TVS Motor Company (down 2.86 per cent) were the top losers in […]

Budget 2020

Mahindra Manulife Mutual Fund launches short term debt fund

Mahindra Manulife Mutual Fund has launched Mahindra Manulife Short Term Fund, an open ended short term debt scheme investing in instruments with macaulay duration between 1 and 3 years. The New Fund Offer opens on February 9 and closes on February 16. The scheme will reopen for continuous sale and repurchase from February 25, 2021. […]

News Headlines

India part of S Africa’s plan to attract skilled persons, boost tourism: President Ramaphosa

India is among the countries South Africa is looking to as it seeks to import skills and boost tourism in the wake of the economic crisis caused by the COVID-19 pandemic, President Cyril Ramaphosa said in his State of the Nation address on Thursday evening. “Work is underway with the relevant departments to reform our […]

Budget 2020

Brookfield pips NIIF to buy Mahindra Susten

Mumbai: After losing the battle for SoftBank’s renewable energy portfolio in India to the Canada Pension Plan Investment Board, Brookfield Asset Management is said to be purchasing 1,200 MW of solar assets and the engineering, procurement and construction division of Mahindra Susten, a subsidiary of the Mahindra Group. Brookfield has entered into exclusive talks for […]

Budget 2020

M&M Q3 results: Profit grows in double-digits; company to decouple its financials from SsangYong

Mumbai: A sustained recovery in tractor and passenger vehicle demand helped and Mahindra (M&M) post a double-digit year-on-year growth in revenue and profits during the December quarter even as supply-chain shortages hampered performance. The city-based company reported a 16% on-year growth in revenue to Rs 14,057 crore during the quarter as sales in the automotive […]

Sports

Six India cricketers get SUVs from Anand Mahindra after historic win in Australia

The impressive performance by the young Indian side Down Under has been applauded by one and all across the globe. The Indian team had fielded the youngsters after several key members of the side were sidelined by injuries. As many as five players received their debuts under the leadership of Rahane and each of them […]

Budget 2020

Mahindra Lifespace Developers ties up with SBI for faster home loan approvals, discounts

NEW DELHI: Realty firm Mahindra Lifespace Developers Ltd on Tuesday said it has signed an MoU with SBI for faster home loan approvals as well as to offer special discounts to customers and employees of both the companies. Mahindra Lifespace and SBI have signed a memorandum of understanding (MoU) to enable an improved and more […]