Mumbai: Shares in Tech Mahindra Ltd rose as much as 6.8 per cent on Wednesday after its January-March quarter net profit rose 24 per cent, beating estimates.
Tech Mahindra said its March-quarter consolidated net profit rose 24.4 per cent.
The results came out after the close of markets on Tuesday
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09:45 AM, May 22, 2013
Bhopal: A local court here on Monday rejected an NGO's plea to raise the quantum of punishment given to the convicts in the Bhopal gas tragedy case. The petition to raise the quantum of punishment in the case was filed by the Bhopal Gas Peedit Mahila Udyog Sanghthan convenor Abdul Jabbar and others. Rejecting the plea, District and Session Judge Sushma Khosla said that the NGO could at best assist...
10:30 AM, May 21, 2013
Bhopal: A local court in Bhopal Monday rejected an NGO's plea to raise the quantum of punishment given to the convicts in the Bhopal gas tragedy case. The petition to raise the quantum of punishment in the case was filed by the Bhopal Gas Peedit Mahila Udyog Sanghthan convenor Abdul Jabbar and others. Rejecting the plea, District and Session Judge Sushma Khosla said that the NGO could at best assist...
12:29 AM, May 21, 2013
Jaipur: Soaring petrol prices have forced the Army to look for other options in the SUV variant and it started summer trials of Mahindra Scorpio and Tata Safari in Thar desert in Rajasthan on Monday. The vehicles are being driven by Army drivers to test their endurance, fuel consumption, temperature, cross country drive performance with and without load, power-to-wheel ratio among other factors, Army sources said. Two variants of Mahindra...
10:50 PM, May 13, 2013
New Delhi: The Indian Army has decided to phase-out Maruti Gypsy from its inventory with Mahindra Scorpio and Tata Safari in the race to replace the vehicle under a project expected to cost the force more than Rs 3,000 crore. The Indian Army is the biggest customer of the Maruti Gypsy utility vehicles with more than 25,000 such vehicles in service and uses them in all light vehicle operations including...
12:08 PM, May 11, 2013
Mahindra & Mahindra tries to redefine its product portfolio to beat the SUV classification. ...
11:55 PM, May 04, 2013
The e2o is an electric car developed by the Mahindra Reva Electric Car Company. It's the successor to the Reva India's first electric car. The big question is if India is prepared for a car of its kind. Nearly a decade ago it wasn't but how far have things progressed with the E2O. Styling The e2o looks a bit out of the ordinary, the design is unconventional since its been...
02:04 PM, Apr 20, 2013
New Delhi: Mahindra & Mahindra will launch its sub-four metre sedan Verito Vibe next month to take on the likes of Maruti Suzuki's Dzire and Honda's newly introduced model Amaze. "The Verito Vibe marks our entry in the high volume sub 4 metre segment," Mahindra & Mahindra Ltd Chief Executive, Automotive Division Pravin Shah said in a statement. The new model will be powered by a 1.5 litre diesel engine...
11:14 AM, Apr 13, 2013
Jabalpur: Madhya Pradesh High Court on Friday issued notices to seven persons, convicted in the Bhopal gas tragedy case, following a petition filed by the CBI demanding their retrial. Justice MA Siddiqui issued notices to all seven convicts, seeking replies within four weeks. The CBI in its petition is demanding the retrial of all seven for culpable homicide not amounting to murder under section 304-II of Indian Penal Code. Assistant...
12:45 AM, Apr 13, 2013
New Delhi: After successfully launching its first electric car e2o, auto major Mahindra & Mahindra is working on a new platform for a bigger vehicle that could even be used by its Korean subsidiary SsangYong Motor. "After we launched the e2o in March, now we have just started developing a new electric vehicle platform. This will be for higher powered vehicles," M&M President (Automotive and Farm Equipment Sectors) Pawan Goenka...
12:05 PM, Apr 07, 2013
New Delhi: After a 27-year-long innings, the Indian Army is bidding goodbye to the iconic Maruti Gypsy - all 30,000 of them in its fleet. The Army is expected to try out new vehicles. Army sources told CNN-IBN that the force plans to replace the Gypsy with more powerful vehicles in the 800 kilogram class. The Gypsy may be replaced by the Tata Safari or Mahindra Scorpio - vehicles meant...
08:59 AM, Apr 05, 2013
Mumbai: Shares in Tech Mahindra Ltd fall 1.9 per cent, while Satyam Computer Services Ltd drops 1.6 per cent, a day after the companies said a long-planned merger between the two had been delayed by an additional six months up to September 30. The companies did not give a reason for the delay in their exchange filing. Brokerage Sharekhan says in an email to clients that the delay is "sentimentally...
01:20 PM, Mar 26, 2013
On this special episode of Overdrive, get a detailed review of Mahindra's latest offering, the Mahindra e2o. The car is electric, has a very small carbon footprint and is compact and intelligent at the same time. ...
01:05 PM, Mar 24, 2013
Over the past five years, the clamour about electric vehicles (EVs) becoming a feasible transport option has become loud. "It has all come together", is the refrain. ...
11:41 AM, Mar 18, 2013
Following the money laundering allegations against it along with a few other private banks, ICICI Bank on Friday suspended 18 of its employees. Earlier, Kotak Mahindra Bank issued a clarification saying none of its employees were involved in money laundering. "We wish to clarify that no such transactions by the alleged person have been routed via Kotak Mahindra Bank," said Kotak Mahindra Group spokesperson reacting to a CNN-IBN story. ...
10:29 PM, Mar 15, 2013
After CNN-IBN accessed a confidential government investigation report which highlighted how several private banks were involved in conversion of black money into white, Kotak Mahindra Bank has refuted all the allegations. "We wish to clarify that no such transactions by the alleged person have been routed via Kotak Mahindra Bank," said the Kotak Mahindra group spokesperson on Friday evening. ...
08:54 PM, Mar 15, 2013
A confidential government investigation report highlighting how several private banks were involved in conversion of black money into white has been accessed by CNN-IBN. ...
01:27 PM, Mar 15, 2013
In January 2009, in what is widely referred to as 'India's Enron', 300,000 shareholders of Satyam Computer Services (now Mahindra Satyam) came together and sued the company. Satyam's founder Ramalinga Raju had confessed to misstating accounts, and the company stock plummeted. The shareholders claimed damages worth Rs 5,000 crore. ...
02:55 PM, Mar 01, 2013
The Reserve Bank of India (RBI) released the final guidelines for issuing new bank licences on Friday . Rajen Shah, Chief Investment Officer, Angel Broking believes Aditya Birla Nuvo, Bajaj Financial Services, Cholamandalam Investment and Finance Company and Mahindra & Mahindra Financial Services will be strong candidates for a banking licence. ...
01:00 PM, Feb 25, 2013
