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Anish Shah. | Photo Credit: PTI Mahindra & Mahindra Ltd. (M&M) reported fourth-quarter consolidated net profit grew 4% YoY to ₹2,754 crore, weighed down by weaker profitability at Tech Mahindra. Consolidated revenue grew 9% to ₹35,452 crore. Net profit grew 10% in FY24 to ₹11,269 crore and revenue rose 15% to ₹1,39,078 crore. “It has been…
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FirstCry parent BrainBees filed papers with SEBI last December for an IPO that would have been one of the country’s biggest this year. | Photo Credit: Special Arrangement Retailer FirstCry is set to withdraw its papers for an up to $500 million Initial Public Offering (IPO) as early as next week, after markets regulator raised…
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Volkswagen and Mahindra & Mahindra Ltd have signed a supply agreement on the use of key electric components of the German carmaker’s open platform for electric vehicles (EVs), the companies said in a statement on Friday. Mahindra plans to use certain platform components, as well as Volkswagen’s unified battery cell, for its own electric platform,…
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Brazilian aircraft manufacturer Embraer Defense & Security and Mahindra signed a Memorandum of Understanding (MoU) to jointly bid for the Indian Air Force’s (IAF) Medium Transport (MTA) Aircraft tender. Embraer is pitching its C-390 Millennium multi-mission aircraft for the deal. The MoU was signed at the Embassy of Brazil in New Delhi on Friday. “We…
Read More “Embraer teams up with Mahindra to bid for IAF’s medium transport aircraft deal” »
