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Kotak Bank lowers base rate to 9.75%

Last Updated: Wednesday, July 1, 2015, 16:38

"Kotak Bank has reduced its base rate from current level of 9.85 per cent per annum to 9.75 per cent per annum with effect from July 2," the city-based lender said in a statement.

Mahindra's July sales down 6%

Last Updated: Wednesday, July 1, 2015, 16:35

Automobile manufacturer Mahindra and Mahindra (M&M) on Wednesday reported a decline of six percent in its sales for June which stood at 36,134 units -- up from 38,466 units in the corresponding month of 2014.

M&M aims for double-digit growth in Africa

Last Updated: Tuesday, June 30, 2015, 13:06

Mahindra and Mahindra has active presence in 20 African countries.

Kotak Mahindra Bank gets shareholders' nod for 1:1 bonus share

Last Updated: Monday, June 29, 2015, 19:02

Shareholders on Monday gave approval to Kotak Mahindra Bank's proposal for issuance of bonus shares.

Tech Mahindra sees weak revenue, earnings in Apr-Jun quarter

Last Updated: Monday, June 29, 2015, 16:04

IT firm Tech Mahindra on Monday warned of weak revenue and earnings in the April-June quarter due to higher visa costs and other headwinds, dragging the company shares by over 9 percent.

Tech Mahindra shares hit over one-year low on Q1 warning

Last Updated: Monday, June 29, 2015, 13:53

Shares of Tech Mahindra Ltd dropped almost 7 percent to a more than one-year low on Monday after the IT firm warned of a weak first quarter, partly due to higher U.S. visa sponsorship costs for its employees.

Mahindra bets big on agriculture sector

Last Updated: Sunday, June 28, 2015, 11:18

Betting big on the farm sector, homegrown conglomerate Mahindra group is gearing up for a big play in agriculture, leveraging on the brand equity of its tractors, to make it a significant revenue and profit generator in the next five years.

Mahindra's offer for Pininfarina rejected by creditors: Paper

Last Updated: Sunday, June 28, 2015, 09:57

An offer by Indian vehicle maker Mahindra & Mahindra to take over Pininfarina has fallen through due to opposition from some of the Italian car designer`s creditor banks, newspaper Il Messaggero said on Saturday.

Bank stocks witness selling pressure

Last Updated: Friday, June 26, 2015, 19:35

Bank stocks on Friday witnessed a selling pressure after the Financial Stability Report said that asset quality deterioration is likely to continue for a few more quarters.

SsangYong sales expected to grow 5-8% this fiscal: M&M

Last Updated: Tuesday, June 23, 2015, 18:17

Explaining how the company has been performing, he said: "The domestic market is doing very well for us. We have had our highest market share in Korea in the last two months."

Mahindra launches small commercial vehicle 'Jeeto'

Last Updated: Tuesday, June 23, 2015, 17:29

Mahindra & Mahindra Tuesday launched all new small commercial vehicle 'Jeeto', with price starting at Rs 2.32 lakh (ex-showroom Telangana).

Mahindra plans 6 new tractor launches in 3 years

Last Updated: Monday, June 22, 2015, 17:33

Homegrown auto major Mahindra & Mahindra plans to launch six new tractors in the next three years, three each under its Mahindra and Swaraj brands.