Kotak Mahindra Mutual Fund on Monday bought a 6.6 per cent stake in pharmaceutical companyAmi Organics for nearly Rs 301 crore through open market transactions. According to the block deal data available on the National Stock Exchange (NSE), Kotak Mahindra Mutual Fund (Kotak MF) purchased 26.97 lakh shares or 6.59 per cent stake in two…
MUMBAI: Kotak Mahindra Bankreported a 14% year-on-year decline in standalone net profit to Rs 3,552 crore for the quarter ended March 2025, as rising provisions and narrowing margins weighed on earnings. For the full year, standalone profit after tax rose 6% to Rs 13,720 crore, excluding a Rs 2,730 crore gain from the sale of…
Mahindra & Mahindra: महिंद्रा एंड महिंद्रा लिमिटेड ने शनिवार को एसएमएल इसुजु लिमिटेड (एसएमएल) में 58.96 परसेंट हिस्सेदारी खरीदने की जानकारी दी. कंपनी इस हिस्सेदारी की खरीद 650 रुपये प्रति शेयर के हिसाब से करेगी. यह सौदा 555 करोड़ रुपये का होगा. इसके अलावा, M&M सेबी अधिग्रहण के नियमों के तहत एक खुली पेशकश भी…
NEW DELHI: Mahindra & Mahindra Ltd on Saturday said it has entered into an agreement to acquire almost 59% stake in heavy-vehicle maker SML Isuzu (SML) at Rs 650 per share, which will entail an outlay of Rs 555 crore.As part of the transaction, M&M would acquire the entire stake of nearly 44% held by…
Tech Mahindra has declared a final dividend of Rs 30 per share, taking the total dividend for FY25 to Rs 45 per share, following a robust financial year in which the IT major’s consolidated net profit surged 80% to Rs 4,251.5 crore.The board’s decision to reward shareholders comes on the back of a strong March…
MUMBAI: Non-bank lender Mahindra Finance on Tuesday reported a 9 per cent decline in standalone profit to Rs 563 crore in the March quarter. The Mahindra Group’s financial services arm had posted a net profit of Rs 619 crore in the year-ago period. Its core net interest income grew 9 per cent to Rs 2,156…
MUMBAI: The country’s fifth biggest IT services firm Tech Mahindra on Friday reported a 93 per cent jump in December quarter net profit at Rs 983 crore, helped by a low-base in the year-ago period. The Mahindra group company’s performance was impacted in the year-ago period, and it had reported a net profit (after minority…
NEW DELHI: Anand Mahindra, the chairman of the Mahindra Group, has joined the debate on the ideal workweek, following remarks from L&T Chairman SN Subrahmanyan that sparked widespread online outrage. Speaking at the National Youth Festival in New Delhi on Saturday, Mahindra said that the real issue is not the number of hours worked, but…
NEW DELHI: Mahindra & Mahindra (M&M Ltd.) reported a 16 per cent rise in total automotive sales, reaching 69,768 units in December, according to their exchange filing on Wednesday.The company achieved domestic sales of 41,424 vehicles in the utility vehicle category, an 18 per cent increase, with total sales including exports reaching 42,958 vehicles while…
NEW DELHI: Mahindra & Mahindra on Saturday said it is dropping the word ‘e’ from the name of its new electric SUV ‘BE6e’ after Interglobe, the parent of IndiGo airlines, objected to the use of 6E which is its flight code. The company, however, said it will contest Interglobe’s objections to the nomenclature of its…