Business  /  Published 07.08.20

Mahindra profit plunges

Mahindra & Mahindra saw its quarterly profit nearly wiped out as the Covid-19 pandemic hit the supply chain. The company’s net profit fell 94 per cent year-on-year to Rs 54.64 crore in the q...
By Our Special Correspondent in Mumbai

Business  /  Published 07.08.20

Mahindra & Mahindra to cut SsangYong stake

Mahindra & Mahindra has decided to reduce its stake in SsangYong Motor Company (SYMC) of South Korea to less than 50 per cent. It is also open to the possibility of ceding control over SYMC &ldquo...
By Our Special Correspondent in Mumbai

Business  /  Published 03.08.20

Tractor sales buck trend

Tractor sales maintained an upward momentum for the second consecutive month in July. Mahindra & Mahindra Ltd’s Farm Equipment Sector (FES), a part of the $19.4 billion Mahindra Group, post...
By Anasuya Basu in Calcutta

Business  /  Published 28.07.20

Kotak Bank net falls

Private sector lender Kotak Mahindra Bank on Monday reported 8.5 per cent decline in its standalone net profit to Rs 1,244.45 crore in the first quarter ended June 30. The bank had posted a net profit...
By Our Special Correspondent in Mumbai

Business  /  Published 24.07.20

Sensex tumbles over 300 points

Equity benchmark Sensex plunged over 300 pts in early trade on Friday tracking losses in financial stocks amid global equity selloff. The 30-share BSE Sensex was trading 307.31 points, or 0.81 per ce...
By PTI in Mumbai

Business  /  Published 17.07.20

Kotak invests Rs 500 crore in Nuvoco Vistas

Kotak Investment Advisors Ltd, a wholly owned subsidiary of Kotak Mahindra Bank, has pumped Rs 500 crore through Kotak Special Situations Fund into Nirma group’s cement venture Nuvoco as it comp...
By A Staff Reporter in Calcutta

Business  /  Published 11.07.20

Uday Kotak calls for recapitalisation

Veteran banker Uday Kotak has said the financial sector needs recapitalisation as the capital position has been affected by rising bad loans. The Kotak Mahindra Bank managing director has also disclos...
By Our Special Correspondent in Mumbai

Business  /  Published 02.07.20

Slow revival in cars sales

Major automobile manufacturers, including Maruti Suzuki India, Hyundai, Toyota and Mahindra & Mahindra, on Wednesday reported a big dip in June sales, though they fared better than May as companie...
By Our Bureau in New Delhi

Business  /  Published 02.06.20

Sensex jumps over 300 points

Equity benchmark Sensex jumped over 300 points in early trade on Tuesday, led by index-heavyweights Kotak Bank, HDFC, TCS and Reliance Industries amid positive cues from global markets.After opening o...
By PTI in Mumbai

Business  /  Published 13.05.20

Kotak Mahindra Bank unsecured loan worry

Kotak Mahindra Bank on Wednesday reported a 6.52 per cent fall in consolidated net profit for the March quarter at Rs 1,905.18 crore because of a multifold increase in provisions, and warned of asset ...
By TT Bureau in Mumbai


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