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19 April, 2018 10:19 AM Strong demand recovery across the board, tweets Anand Mahindra

Group board spots five key positives. In what could be considered a significant positive outlook, Anand Mahindra, chairman of Mahindra group, has listed key takeaways on the economy from discussions at the quarterly group executive board meeting. 1. Across the board, strong demand recovery except in urban, premium real estate. The quarterly group executive 32

15 April, 2018 4:34 PM Time ripe for Kotak to move on mergers

Asia’s richest banker has a rare chance Uday Kotak has a rare opportunity to scale up. Asia’s richest banker has long had an eye on Axis Bank. Now, a leadership void could make it easier to forge a union with his own Kotak Mahindra to create a $54 billion Indian banking giant. A deal would allow the tycoon to lead consolidation and help him meet new ownership 35

15 April, 2018 7:10 AM Mahindra KUV100 Launched In Italy

The Mahindra KUV100 is the company's smallest offering and will be built and exported out of India to Italy. Mahindra's vehicle line-up for Italy has been expanded with the launch of the KUV100. The entry-level Mahindra offering was launched in Rome earlier this week and the company is yet to announce prices for the same. Mahindra executives were in the Italian 259

13 April, 2018 6:41 AM Indian shares head for longest winning streak since November

Sentiment was also upbeat after retail inflation eased to a five-month low in March. Indian shares rose for a seventh straight session on Friday, in what could be their longest winning streak since November 2017, on the back of gains in index heavyweights such as Reliance Industries Ltd and ICICI Bank Ltd. Sentiment was also upbeat after retail inflation 39

12 April, 2018 6:06 PM DefExpo 2018: Boeing signs deal with HAL, Mahindra to make fighter jet

Boeing India has signed an agreement with Hindustan Aeronautics Ltd (HAL), and Mahindra Defence Systems (MDS) at the Defence Expo 2018 here to manufacture Super Hornet fighter aircraft in India. The companies will manufacture F/A-18 Super Hornet for India’s armed forces. The memorandum for the ‘Make in India’ fighter jets was signed by Boeing India president 88

10 April, 2018 4:42 PM In a first since December 2013, HDFC raises lending rate by 20 bps

After HDFC Ltd, largest mortgage financier in private sector, raised its lending rate by 20 basis points (bps), home buyers are set to shell out more in their EMIs or the equated monthly installments. The retail benchmark prime lending rate (BPLR) increase by HDFC is the first since December 2013, signaling a rate hike cycle in loan rates across the finance 25

9 April, 2018 7:10 AM Market Update: Oil & gas, bank stocks lead Nifty gains as HPCL, BPCL jump 4%, Axis up 2%; ICICI Bank most active

The market breadth was in favour of the advances with 1131 stocks advancing while 568 declined and 348 remained unchanged. On the other hand, in the BSE, 1619 stocks advanced and 890 declined and 136 remained unchanged. The Indian equity market was trading on a positive note on Monday afternoon with the Nifty adding 61 points at 10,393 mark while 38

9 April, 2018 5:52 AM Lemon Tree Hotels makes stock market debut, gets decent response

New Delhi: Lemon Tree Hotels, which recently concluded its initial public offer, made its stock market debut on both BSE and NSE on Monday day. Lemon Tree listed at Rs 61.60 on the BSE, up at a 10 percent premium over the issue price of Rs 56. On the NSE, it got listed at the same price. The IPO of the hotel chain was open during March 26-28. The segment 43

5 April, 2018 1:28 PM Yamaha Motor plans to triple roof-top solar power capacity at Chennai plant

``Chennai factory is the least CO2 emission factory among the Yamaha Motor Group companies around the world.’’ Yamaha Motor India Group has drawn up plans to triple the roof-top solar power capacity at its Chennai plant to 3,500 KW by the year-end. On Thursday, the company, in partnership with Mahindra Susten, announced the installation of 1,100 KW roof-top 41

28 March, 2018 3:30 PM Wabco India to expand production

Wabco India Ltd., that makes conventional braking products and advanced braking systems in trucks and buses, plans to increase its production capacity at Mahindra World City, near Chennai, to meet the growing export demand, said a top official. “Right now, exports account for 30% of revenue and it is growing,” said P. Kaniappan, managing director, Wabco 44