MHRIL acquires 49% stake in Arabian Dreams Hotel Apartments

Last Updated: Friday, April 5, 2013, 16:26

"MHRIL has subscribed to 49 percent of the share capital of Arabian Dreams Hotel Apartments LLC, which operates the Arabian Dreams Hotel Apartments," the company said in a statement.

Kotak gets commitment for Rs 490 crore for infra PE fund

Last Updated: Tuesday, March 12, 2013, 18:56

According to the group, in addition to the Kotak Mahindra Group, commitments had been received from Sumitomo Mitsui Banking Corporation of Japan, an affiliate of Brookfield Asset Management, Japan Bank for International Co-operation and a leading insurance group.

Strike at M&M’s Nashik plant affects production for 2nd day

Last Updated: Wednesday, March 6, 2013, 21:27

Auto major Mahindra & Mahindra on Wednesday said the tool down strike by workers at its Nashik plant in Maharashtra continued for the second day, resulting in a total production loss of around 500 vehicles so far.

M&M fixes Rs 270 as floor price of Mahindra Holidays scrip

Last Updated: Wednesday, March 6, 2013, 21:19

Diversified group Mahindra & Mahindra, promoter of Mahindra Holidays & Resorts India (MHRIL), Wednesday said it has fixed 'floor price' at Rs 270 per share for the sale of its 4.02 stake in the company.

M&M to sell 4% stake in Mahindra Holidays

Last Updated: Tuesday, March 5, 2013, 23:36

Diversified group Mahindra & Mahindra will sell over 4 percent stake, translating into 34 lakh shares, in Mahindra Holidays & Resorts through auction route on March 7.

Kotak Mahindra group eyes takeover targets

Last Updated: Monday, January 28, 2013, 11:26

Looking to further expand operations, Kotak Mahindra group is looking for potential acquisition targets in banking, asset management, broking and other areas of financial services sector and hopes to strike a deal this year.

Mahindra group unveils new logo

Last Updated: Friday, January 18, 2013, 19:39

Homegrown farm equipment to aerospace major Mahindra group Friday unveiled a new logo in line with its pursuit to become "one of the top 50 most admired global brands within a decade".

Mahindra EPC to execute 300 MW solar plants in 3-4 years

Last Updated: Wednesday, January 9, 2013, 21:59

"The company is planning to execute over 300 MWp (megawatt photovoltaic) of solar power projects over the next two years," a statement said.

Mahindra EPC, PR Fonroche to set up two solar plants in Raj

Last Updated: Wednesday, January 9, 2013, 19:40

The two plants (5MWp and 15MWp) will supply more than 38 million units of clean and green energy. It is expected to displace nearly 30,000 MT of CO2 annually.

M&M Group Net up 17% at Rs 798.7 cr in Q2

Last Updated: Saturday, November 10, 2012, 00:06

The Mahindra Group Friday said its consolidated group net profit rose 17 percent to Rs 798.7 crore in the quarter to September from Rs 682 crore a year ago, driven by all-round good performance of subsidiaries.

Mahindra Satyam begins construction of IT centre at Mihan

Last Updated: Saturday, September 29, 2012, 20:45

The company is setting up 1000-seat capacity IT Development Centre at an initial investment of Rs 80 crore and first phase of which would be operational over the next 15 to 18 months.

Mahindra Lifespace Q1 net up by 35% at Rs 19.31 crore

Last Updated: Wednesday, July 25, 2012, 10:38

Mahindra Group's real estate firm Mahindra Lifespace Developers on reported 35 percent increase in consolidated net profit at Rs 19.31 crore for the quarter ended June 30.