Mahindra Lifespaces. Photo: wikipedia.org Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has said it was planning to invest around Rs 6,000 crore in residential business over the next four years. The move is to drive its business growth, which is targeted to increase fivefold… Continue reading Mahindra Lifespace to invest Rs 6,000 crore in residential business by FY28 | Company News
Tag: Mahindra
Tech Mahindra announces merger of two subsidiaries based in the US | Company News
IT services and consultation company Tech Mahindra has announced the merger of two of its wholly-owned subsidiary companies — Born Group and Tech Mahindra Americas (TMA) — to synergize business operations, optimise operational costs, and reduce compliance risk, the company said in a regulatory filing with the Bombay Stock Exchange. The appointed date… Continue reading Tech Mahindra announces merger of two subsidiaries based in the US | Company News
Tech Mahindra trains 8,000 employees in artificial intelligence: Official
IT company Tech Mahindra trained 8,000 employees in artificial intelligence as it readies itself to cater to demand around generative AI and quantum computing, a senior company official said on Saturday. Tech Mahindra global chief people officer and head of marketing Harshvendra Soin said that the company is enhancing focus on BFSI, healthcare,… Continue reading Tech Mahindra trains 8,000 employees in artificial intelligence: Official
India in pole-vaulting distance to oust China as world’s factory: Mahindra
Anand Mahindra, chairman of Mahindra Group, said on Friday that ongoing geopolitical tensions with China were nudging many manufacturers towards India. The country is now within ‘pole-vaulting distance’ to take over China as the world’s leading manufacturing hub. “China’s geopolitical tensions are driving many manufacturers in India’s direction. However, that’s not the sole… Continue reading India in pole-vaulting distance to oust China as world’s factory: Mahindra
Temasek to invest Rs 1,200 crore in Mahindra Electric via preference shares
Mahindra Electric Automobile Ltd (MEAL), Mahindra & Mahindra’s electric vehicle arm, on Thursday, announced that investment firm Temasek would invest Rs 1,200 crore in the company in compulsorily convertible preference shares. With this, the company’s valuation will rise 15 per cent from Rs 70,070 crore to Rs 80,580 crore. “The securities subscription… Continue reading Temasek to invest Rs 1,200 crore in Mahindra Electric via preference shares
Borrowing costs may come down from Q3: Mahindra Finance’s Ramesh Iyer
Mahindra and Mahindra Financial Services (Mahindra Finance) posted 58 per cent rise in net profit to Rs. 353 crore for the first quarter of 2023-24 (Q1FY24). Ramesh Iyer, managing director (MD) & chief executive officer (CEO), tells Manojit Saha, in a telephonic interview, that the non-banking financial company (NBFC) is on track to increase… Continue reading Borrowing costs may come down from Q3: Mahindra Finance’s Ramesh Iyer