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."