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Mahindra said the pressure to conserve cash, need for investments in emerging technologies and intensifying focus on its core automobile business in India have influenced its step.(MINT)

Blaming pandemic, M&M pulls the plug on JV with Ford

Livemint | By Malyaban Ghosh
UPDATED ON JAN 02, 2021 04:30 AM IST
Mahindra aims more than Rs 3,000 cr in cost savings through the separation and a potential stake sale of SsangYong Motor Co.
Anish Shah, group chief financial officer, said that the company is scouting for investors in its used-car business to capitalize on the demand momentum for pre-owned cars.(Aniruddha Chowdhury/Mint)
Anish Shah, group chief financial officer, said that the company is scouting for investors in its used-car business to capitalize on the demand momentum for pre-owned cars.(Aniruddha Chowdhury/Mint)

M&M charts plan for group firms’ share sale

Livemint, Mumbai | By Amit Panday
PUBLISHED ON NOV 19, 2020 03:44 AM IST
M&M has identified 10 of its promising units across sectors such as mobility, clean energy, rural, financial services, infrastructure and technology, to drive the future growth of the group, Anish Shah, group chief financial officer and deputy managing director at M&M, said in an interview.
Top gainers in the Sensex pack during early trade included Yes Bank, Hero MotoCorp, IndusInd Bank, HUL, PowerGrid, TechM, Infosys and Sun Pharma, rising up to 4 per cent.(HT Photo)
Top gainers in the Sensex pack during early trade included Yes Bank, Hero MotoCorp, IndusInd Bank, HUL, PowerGrid, TechM, Infosys and Sun Pharma, rising up to 4 per cent.(HT Photo)

Sensex, Nifty start on a cautious note ahead of RBI policy outcome

Mumbai | By Press Trust of India
UPDATED ON AUG 07, 2019 10:59 AM IST
Further, market is jittery tracking weakness in other Asian equities amid escalation in trade tensions between the US and China and unabated foreign fund outflow, experts said.
Domestic equity benchmark BSE Sensex surged over 250 points in opening trade on Monday.(PTI Photo)
Domestic equity benchmark BSE Sensex surged over 250 points in opening trade on Monday.(PTI Photo)

Sensex jumps over 250 points; Infosys rallies 5 %

Mumbai | By Press Trust of India
UPDATED ON JUL 15, 2019 12:16 PM IST
The 30-share index gave up some gains to trade 164.84 points, or 0.43 per cent, higher at 38,901.07 at 0930 hours. Similarly, the broader Nifty rose 46.95 points, or 0.41 per cent, to 11,599.45.
Domestic equities rebounded amid positive cues from Asian and US equities that got a boost after US Fed chair’s congressional testimony.(PTI File Photo)
Domestic equities rebounded amid positive cues from Asian and US equities that got a boost after US Fed chair’s congressional testimony.(PTI File Photo)

Sensex jumps over 200 points in early trade

Mumbai | By Press Trust of India
UPDATED ON JUL 11, 2019 12:03 PM IST
On a net basis, foreign institutional investors sold equities worth Rs 604.94 crore, while domestic institutional investors purchased shares to the tune of Rs 667.40 crore, provisional data available with stock exchanges showed Wednesday.
Top losers in the Sensex pack included Hero MotoCorp, L&T, Maruti, Bajaj Auto, M&M, Tata Motors and HUL, falling up to 3.44 per cent.(PTI Photo)
Top losers in the Sensex pack included Hero MotoCorp, L&T, Maruti, Bajaj Auto, M&M, Tata Motors and HUL, falling up to 3.44 per cent.(PTI Photo)

Sensex tanks over 600 points, Nifty at 11,600

Mumbai | By Press Trust of India
UPDATED ON JUL 08, 2019 11:16 AM IST
The 30-share index was trading 405.67 points, or 1.03 per cent, lower at 39,107.72 at 0930 hours. Similarly, the broader Nifty sank 128 points, or 1.08 per cent, to 11,683.15.
The Sensex had reclaimed the 40,000 mark and the NSE Nifty inched closer to the 12,000 level in morning trade ahead of the Budget presentation.(REUTERS FILE)
The Sensex had reclaimed the 40,000 mark and the NSE Nifty inched closer to the 12,000 level in morning trade ahead of the Budget presentation.(REUTERS FILE)

Sensex in red, slips by over 450 points after Nirmala Sitharaman’s Budget speech

Mumbai | By HT Correspondent
UPDATED ON MAY 28, 2020 06:45 PM IST
The 30-share index was trading 171.82 points, or 0.43 per cent, lower at 39,736.24 at 1150 hours. Similarly, the 50-share NSE Nifty declined 55.70 or 0.47 per cent, to 11,891.05.
Domestic equity benchmark BSE Sensex rose over 100 points in early trade Thursday tracking positive cues from global markets ahead of the G-20 summit.(HT File)
Domestic equity benchmark BSE Sensex rose over 100 points in early trade Thursday tracking positive cues from global markets ahead of the G-20 summit.(HT File)

Sensex rises over 100 points, Nifty above 11,850

Mumbai | By Press Trust of India
UPDATED ON JUN 27, 2019 09:59 AM IST
The 30-share index was trading 88.07 points, or 0.22 per cent, higher at 39,680.15 at 0930 hours. Similarly, the broader NSE Nifty was quoting 25.20 points, or 0.21 per cent, up at 11,872.75.
Investors are hopeful of further progress on US-China trade talks.(PTI FIle Photo)
Investors are hopeful of further progress on US-China trade talks.(PTI FIle Photo)

Sensex, Nifty end higher for third day in a row

Mumbai | By Press Trust of India
UPDATED ON JUN 11, 2019 04:30 PM IST
Markets traded on a positive note following favourable global cues in Asian markets after the US announced deal with Mexico.
Domestic equity benchmarks BSE Sensex and NSE Nifty started on a choppy note Monday tracking weak cues from global markets as rising rift between the US and China kept investors on edge.(AFP FILE)
Domestic equity benchmarks BSE Sensex and NSE Nifty started on a choppy note Monday tracking weak cues from global markets as rising rift between the US and China kept investors on edge.(AFP FILE)

Sensex, Nifty start on a choppy note on weak global cues

Mumbai | By Press Trust of India
UPDATED ON MAY 13, 2019 12:13 PM IST
In the previous session on Friday, the BSE bourse closed 95.92 points, or 0.26 per cent, down at 37,462.99; and the Nifty shed 22.90 points, or 0.20 per cent, to settle at 11,278.90.
Visitors during the inauguration of EV Expo 2018 at Pragati Maidan, New Delhi, December 21, 2018(Sushil Kumar/HT PHOTO)
Visitors during the inauguration of EV Expo 2018 at Pragati Maidan, New Delhi, December 21, 2018(Sushil Kumar/HT PHOTO)

Ambition alone is not enough to meet EV goals

Hindustan Times | By HT Correspondent
UPDATED ON DEC 25, 2018 02:47 PM IST
The rollout of critical plans for green vehicles in India has been far too slow
The 30-share index rose by 93.02 points, or 0.23%, to hit a new high of 38,989.65, bettering its previous intra-day record of 38,938.91 hit on Tuesday.
The 30-share index rose by 93.02 points, or 0.23%, to hit a new high of 38,989.65, bettering its previous intra-day record of 38,938.91 hit on Tuesday.

Sensex turns choppy after hitting record high

Press Trust of India | By Press Trust of India
PUBLISHED ON AUG 29, 2018 11:02 AM IST
Prominent gainers were Vedanta, Sun Pharma, Adani Ports, Tata Motors, HDFC, SBI, ONGC, RIL, Bharti Airtel, M&M, Axis Bank, Maruti Suzuki and NTPC, rising up to 2.06%.
People watch a large screen displaying India's benchmark share index on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(Reuters File Photo)
People watch a large screen displaying India's benchmark share index on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(Reuters File Photo)

Sensex, Nifty end lower in cautious trade ahead of Friday’s no-confidence motion

Press Trust of India, New Delhi | By HT Correspondent
UPDATED ON JUL 19, 2018 04:11 PM IST
The BSE Sensex opened higher and advanced to hit a high of 36,515.58, but soon turned lower and slipped to 36,279.33. It finally settled at 36,351.23, down 22.21 points, or 0.06%.
The Bombay Stock Exchange (BSE) building is pictured next to a police van in Mumbai.(REUTERS File Photo)
The Bombay Stock Exchange (BSE) building is pictured next to a police van in Mumbai.(REUTERS File Photo)

Sensex drops 217 points, Nifty below 11,000 on sell-off in banking, pharma stocks

Press Trust of India, Mumbai | By Press Trust of India
UPDATED ON JUL 16, 2018 04:02 PM IST
The BSE Sensex started positive at 36,658.71, but ended at 36,323.77, down 217.86 points, or 0.60%. The 50-share NSE Nifty too felt the selling pressure and settled down by 82.05 points, or 0.74%, at 10,936.85.
The Bombay Stock Exchange (BSE) building is pictured next to a police van in Mumbai.(REUTERS File Photo)
The Bombay Stock Exchange (BSE) building is pictured next to a police van in Mumbai.(REUTERS File Photo)

Sensex tanks 273 points to close at three-week low, weak rupee, rising oil prices weigh

Press Trust of India, Mumbai | By Press Trust of India
UPDATED ON JUN 27, 2018 04:17 PM IST
The benchmark BSE Sensex opened in the green and hit a high of 35,618.85, but soon turned weaker on heavy selling. It finally ended at 35,217.11, down 272.93 points, or 0.77%.
The BSE Sensex had gained 1,286.36 points in the previous eight sessions.(Abhijit Bhatlekar/ Mint)
The BSE Sensex had gained 1,286.36 points in the previous eight sessions.(Abhijit Bhatlekar/ Mint)

Sensex, Nifty mark longest winning run in over three years

Press Trust of India | By Press Trust of India
UPDATED ON APR 17, 2018 06:08 PM IST
The BSE Sensex settled the day 89.63 points, or 0.26%, higher at 34,395.06, its highest level since February 26 when it settled at 34,445.75.
The BSE Sensex had gained 1,082.06 points in the previous six days.(Abhijit Bhatlekar/ Mint)
The BSE Sensex had gained 1,082.06 points in the previous six days.(Abhijit Bhatlekar/ Mint)

Sensex ends 91 points higher on macro data, earnings optimism

Press Trust of India, Mumbai | By HT Correspondent
UPDATED ON APR 13, 2018 04:16 PM IST
The BSE Sensex rose by 91.52 points to end at 34,192.65. This was its highest closing since February 27 when it had settled at 34,346.39 points.
Domestic equities staged a strong comeback on Thursday.(Dhiraj Singh/Bloomberg)
Domestic equities staged a strong comeback on Thursday.(Dhiraj Singh/Bloomberg)

Sensex surges 570 points as RBI keeps rate unchanged, lowers inflation forecast

Press Trust of India,Mumbai | By HT Correspondent
UPDATED ON APR 05, 2018 04:08 PM IST
The BSE Sensex, which had gained nearly 400 points in opening trade, made further headway to settle the day 577.73 points, or 1.75% higher at 33,596.80.
The 30-share BSE Sensex had lost 205.71 points in the last session of FY18 on Wednesday.(Dhiraj Singh/Bloomberg)
The 30-share BSE Sensex had lost 205.71 points in the last session of FY18 on Wednesday.(Dhiraj Singh/Bloomberg)

Sensex closes over 280 points higher on first trading day of FY19, auto stocks rally

Press Trust of India, Mumbai | By HT Correspondent
UPDATED ON APR 02, 2018 04:18 PM IST
At close, the BSE Sensex was at 33,255.36, 286.68 points or 0.87% higher, while the broader NSE Nifty 50 closed above the 10,200 mark, up 98.10 points or 0.97%.
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