Latest news with #Mahindra&Mahindra
The Hindu
7 hours ago
- Automotive
- The Hindu
Mahindra Group expresses its interest to invest in Andhra Pradesh
Mahindra Group Chairman Anand Mahindra said in a message on X on Saturday that his teams were in discussion with the Andhra Pradesh Government and that his companies would be proud to be a partner in the State's development journey. He noted that the Mahindra Group teams were already in discussion (for investing) across multiple sectors, from solar energy to micro-irrigation and tourism. Lokesh's post Mr. Mahindra's tweet was in response to a message by IT and HRD Minister Nara Lokesh on the social media platform on Friday, wherein he said Andhra Pradesh was a large market for the Mahindra vehicles, and the company should consider setting up a manufacturing facility in the State to take advantage of the advanced automotive ecosystem and the huge market. The Minister was first reacting to an advertisement in Telugu on X by Mahindra & Mahindra about buying its new range of vehicles, and how the vehicles would change the fate of the customers.
NDTV
13 hours ago
- Automotive
- NDTV
Mahindra Scorpio N Pickup Truck Spied Testing: Watch Video
Mahindra & Mahindra is working on the development of multiple new products. The test mules of these products are being spotted on Indian roads. Until now, the automotive enthusiasts have spotted the facelift version of Thar, XUV700, BE Rall-e, and others. Extending the list further, the Scorpio N-based pickup truck has been spied testing in Maharashtra. Although it was covered in camouflage with headlights and taillights meant for trial, it still revealed quite a few details. The one in the video is the double-cab version of the pickup truck. Previous spy shots confirmed that the model will have two iterations: a single-cab and a double-cab version. This means that the brand will have various iterations of the vehicle to serve consumers with various needs. The one in this case is the double-cab version. It seems to have a new grille and a shark fin antenna. Based on the video, the Scorpio N pickup truck's double-cab version is equipped with basic steel wheels. Both models come with a roll bar that rises above the roof of the cabin, a feature likely designed for structural safety in rollover scenarios. At the back, the production test units appear to utilize halogen taillamps, which seem to have replaced the LED lights showcased in the original concept. These halogen lights resemble those found on the previous Scorpio Getaway. View this post on Instagram A post shared by Amarjeet Singh | Journalist (@autotubeindia) The previously revealed concept version boasted an impressive array of modern technologies, including Level 2 Advanced Driver Assistance Systems (ADAS), 5G connectivity, trailer sway control, several airbags, driver fatigue detection, and Mahindra's 4Xplore four-wheel-drive system. It remains to be seen how many of these features will be incorporated into the final production model. In terms of mechanics, the forthcoming pickup is anticipated to share its powertrain with current Mahindra SUVs. This likely means it will include a 2.0-litre turbocharged petrol engine and a 2.2-litre diesel engine. Expected transmission options are a 6-speed manual gearbox as standard, along with the choice of a 6-speed torque converter automatic.
NDTV
16 hours ago
- Automotive
- NDTV
Mahindra Vision X New Teaser Out; Previews New Design Ahead Of August 15 Debut
Mahindra & Mahindra has released the second round of teasers for its upcoming concept vehicles in India. The list includes models like Vision T, Vision S, Vision X, and Vision SX. The latest teaser for the Vision X is the final installment of the series and concludes the second round of teasers. In this line of short video clips, the Indian manufacturer has revealed slightly more details of the design of the upcoming models. Here we take a look at these details. In the previous teaser, the brand had given us a glimpse of the top angle of the SUV. It revealed the bonnet of the upcoming vehicle with prominent lines, which can be associated with the XUV family of vehicles. This time around, the brand has revealed the side profile of the vehicle. It hints at a layered design for the front fascia, with the headlamps mounted on the bumper. Furthermore, the wheel arches of the SUV have plastic cladding and likely aerodynamic alloy wheels. Full details of the vehicle can only be confirmed on August 15. For now, speculations are that this might be the XEV 7e. As previously mentioned, all four concept vehicles are anticipated to be developed on the Freedom_NU platform. This new platform is engineered to accommodate future models from the company, which will include internal combustion engine (ICE), electric vehicle (EV), and hybrid options. The new platforms, along with the final production versions of these concept vehicles, will be manufactured at Mahindra's facility in Chakan, Pune. The brand has also released a combined teaser showing the side profile of all four models. Simultaneously, the Indian automaker is preparing to introduce several upgraded models in the nation. The lineup includes a revamped version of the XUV700, as well as the Bolero, the BE Rall-e, and other new variants. These models have been seen undergoing tests on Indian roads multiple times and will feature improvements over their current counterparts.
Hans India
3 days ago
- Business
- Hans India
Benchmarks move up amid a range bound session
Mumbai: Benchmark stock indices Sensex and Nifty closed marginally higher in a rangebound trade on Wednesday as investors stayed on the sidelines amid weak global market trends and tariff-related uncertainty. Rising for the second day in a row, the 30-share BSE Sensex edged up 63.57 points or 0.08 per cent to settle at 82,634.48. During the day, it hit a high of 82,784.75 and a low of 82,342.94. The 50-share NSE Nifty ended 16.25 points or 0.06 per cent higher at 25,212.05. Among Sensex firms, Mahindra & Mahindra, Tech Mahindra, State Bank of India, Infosys, Adani Ports and ITC were the major gainers. However, Eternal, Sun Pharma, Tata Steel, Tata Motors, Bajaj Finance and Bharat Electronics were among the major laggards. 'Indian equity markets closed modestly higher on Wednesday, recovering from early losses amid foreign fund inflows, easing market volatility, and renewed buying interest in IT stocks,' Gaurav Garg, Analyst, Lemonn Markets Desk, said. Tech Mahindra rose by 1.94 per cent ahead of its financial results that were announced after market hours. The company posted a 30 per cent jump in consolidated profit after tax to Rs 1,128.8 crore in the June quarter of FY26 over the year-ago period. Infosys rebounded by 1.5 per cent, helping the key indices close in green. 'India's macroeconomic outlook remains strong, supported by easing inflation, lower interest rates, a healthy monsoon, and softer oil prices. A drop in inflation in eight straight months has provided a push to the market. However, investors are showing a mix of optimism and caution in the relief rally to assess the Q1 FY26 corporate earnings, as an upgrade in earnings is essential in the premium valued stock market. 'Additionally, global sentiment is mixed amid tariff concerns—highlighted by the announcement of a 50% duty on copper—and fading hopes of a near-term US Fed rate cut on account of sticky inflation, adding market uncertainty,' Vinod Nair, Head of Research, Geojit Investments Limited, said. Foreign Institutional Investors (FIIs) bought equities worth Rs 120.47 crore on Tuesday, according to exchange data. 'The benchmark equity indices exhibited range-bound price action and ended marginally in the green, marking the second consecutive session of gains. Market participants remained cautious amid prevailing uncertainty around global tariff developments,' according to Bajaj Broking Research. The BSE smallcap gauge climbed 0.28 per cent and midcap index went up by 0.10 per cent. Among BSE sectoral indices, BSE Focused IT climbed 0.67 per cent, followed by IT (0.66 per cent), services (0.55 per cent), realty (0.50 per cent) and teck (0.49 per cent). Commodities, capital goods, metal and industrials were the laggards.
Business Standard
3 days ago
- Business
- Business Standard
Sensex and Nifty inch ahead amid blurry global signals
Equity benchmarks ended with modest gains on Tuesday, with the Nifty closing above the 25,200 mark. PSU banks and IT stocks attracted buying interest, while metal and pharma shares faced selling pressure. However, sentiment remained cautious amid renewed concerns over rising U.S. inflation and lingering uncertainty over trade tariffs. The S&P BSE Sensex jumped 63.57 points or 0.08% to 82,634.48. The Nifty 50 index added 16.25 points or 0.06% to 25,212.05. Mahindra & Mahindra (up 2.10%), State Bank of India (up 1.81%) and Infosys (up 1.50%) boosted the indices. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.10% and the S&P BSE Small-Cap index added 0.28%. The market breadth was positive. On the BSE, 2,338 shares rose and 1,718 shares fell. A total of 163 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 2.09% to 11.24. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.03% to 6.315 from the previous close of 6.312. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 85.9500 compared with its close of 85.7625 during the previous trading session. MCX Gold futures for 5 August 2025 settlement rose 0.24% to Rs 97,441. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.06% to 98.57. The United States 10-year bond yield shed 0.31% to 4.477. In the commodities market, Brent crude for September 2025 settlement shed 24 cents or 0.35% to $68.47 a barrel. Global Markets: European market advanced on Wednesday despite the U.K.'s annual inflation rate stood at 3.6% in June, according to data released by the Office for National Statistics (ONS), compared with 3.4% in May. Most Asian markets ended lower after US President Donald Trump claimed a preliminary trade deal with Indonesia, which surprisingly includes a 19% tariff on the countrys exports to the US. Indonesias central bank cuts the benchmark rate by 25 bps to 5.25%. Governor Perry Warjiyo said the central bank would continue to observe room for more rate cuts, citing an expectation of low inflation through 2026, a stable rupiah and a bleak global economic outlook. Back in the US, stocks ended mostly lower on Tuesday despite early gains in tech. The S&P 500 slipped 0.4% and the Dow tumbled 0.98%, while the Nasdaq eked out a modest 0.18% rise. Both the S&P 500 and Nasdaq briefly touched record highs before retreating. June's consumer price index came in slightly hotter than expected, reigniting concerns that fresh tariffs could add more heat to inflation. According to the Bureau of Labor Statistics, consumer prices rose 2.7% year-on-year and climbed 0.3% between May and June. The data bolstered expectations that the Federal Reserve will hold off on any rate cuts for now. Tariff jitters were far from over. Trump doubled down Tuesday evening, confirming that his proposed 200% tariffs on pharmaceutical imports will kick in by month-end, alongside a broader package of trade levies. Earlier, he announced a 30% tariff on imports from Mexico and the EU. The European Union pushed back sharply and is reportedly preparing retaliatory tariffs on US products, including cars and alcohol. In earnings land, Wall Streets biggest banks kicked off the season with a bang. JPMorgan Chase, Citigroup, and Wells Fargo all topped Q2 profit estimates, thanks to solid performance in both consumer and investment banking segments. Stocks in Spotlight: State Bank of India (SBI) rose 1.81% after the lender announced that its Central Board has approved raising up to Rs 20,000 crore through Basel III compliant Additional Tier 1 and Tier 2 bonds in FY26. ITC Hotels surged 4.49% after the company reported 53.4% increase in consolidated net profit to Rs 133.10 crore on a 15.5% rise in revenue from operations to Rs 815.54 crore in Q1 FY26 as compared with Q1 FY25. HDFC Bank ended almost flat after the lender announced that its board will meet on Saturday, 19 July 2025, to consider a special interim dividend and a bonus share issue. HDB Financial Services slipped 3.13% after the company reported a 2.40% decline in net profit to Rs 567.70 crore, despite a 14.97% increase in total revenue from operations to Rs 4,465.40 crore in Q1 FY26 compared to Q1 FY25. HDFC Life Insurance Company shed 0.13% after the companys standalone net profit jumped 14.40% to Rs 546.46 crore on 15.63% increase in net premium income to Rs 14,466.09 crore in Q1 FY26 over Q1 FY25. Dixon Technologies (India) rose 1.76% after the company announced two major strategic agreements aimed at strengthening its presence in Indias electronics component ecosystem. In the first deal, the company signed a binding term sheet to acquire a 51% stake in Q Tech India. Further, the company also entered into a binding term sheet with Chongqing Yuhai Precision Manufacturing Co. to form a joint venture in India. Under the proposed structure, Dixon will hold a 74% stake, while Chongqing will own 26%. Network 18 Media & Investments jumped 13.18% after the company reported a standalone net profit of Rs 516.17 crore in Q1 FY26 as against a net loss of Rs 74.65 crore posted in Q1 FY25. However, revenue from operations tanked 4.9% year-on-year (YoY) to Rs 430.40 crore in the quarter ended 30 June 2025. Onward Technologies hit the 5% upper circuit. The companys consolidated net profit rose 20.1% quarter-on-quarter (QoQ) to Rs 12.7 crore, while revenue from operations grew 4.6% to Rs 133.2 crore during the June 2025 quarter. Total revenue stood at Rs 135.6 crore, reflecting a 4.3% sequential and 13.6% year-on-year (YoY) increase. On a YoY basis, net profit surged 79.3%, backed by healthy margin expansion, consistent top-line growth, and operational efficiency. Profit before tax jumped 25.4% QoQ and 64.2% YoY to Rs 15.9 crore. Geojit Financial Services tanked 7.53% after the company posted 37.81% decline in consolidated net profit to Rs 27.68 crore on a 15.41% fell in total income to Rs 153.15 crore in Q1 FY26 over Q1 FY25. ICICI Lombard General Insurance Company declined 1.25%. The company reported standalone net profit of Rs 747.08 crore in Q1 FY26, up 28.72% as against Rs 580.37 crore posted in Q1 FY25. Total income rose 13.66% year on year to Rs 6,083.36 crore in the quarter ended 30 June 2025. Just Dial tumbled 4.95%. The company reported a 13.05% jump in standalone net profit to Rs 159.65 crore on a 6.16% increase in revenue from operations to Rs 297.86 crore in Q1 FY26 over Q1 FY25. Jindal Steel & Power (JSPL) fell 1.22% after the company announced that its chief financial officer, Mayank Gupta, has stepped down from his role, effective post business hours on 15 July 2025. Hathway Cable & Datacom jumped 6.28% after the companys consolidated net profit surged 68.92% to Rs 31.03 on a 5.55% increase in revenue from operations to Rs 530.50 crore in Q1 FY26 over Q1 FY25. IPO Update: The initial public offer (IPO) of Anthem Biosciences received bids for 2,81,37,78,266 shares as against 4,40,70,682 shares on offer, according to stock exchange data at 16:54 IST on Wednesday (16 July 2025). The issue was subscribed 63.85 times. The issue opened for bidding on Monday (14 July 2025) and it will close on Wednesday (16 July 2025). The price band of the IPO is fixed between Rs 540 and 570 per share. An investor can bid for a minimum of 50 equity shares and in multiples thereof.
