mahindra mahindra

The Delhi Police arrested 24-year-old Vijay alias Lale in a hit-and-run and attempt-to-murder case involving a security guard at Mahipalpur Flyover. The accused allegedly ran over the victim after an argument over honking. The victim sustained serious leg injuries. A Mahindra Thar, identified via CCTV, was seized, and the arrest was made within six hours of the incident.

Kotak Mahindra Bank reported a 14% drop in standalone net profit for Q4 FY25, totaling Rs 3,552 crore. However, FY25 saw a 19% surge to Rs 16,450 crore, boosted by a one-time gain from Kotak General Insurance divestment. The bank's net interest income and customer assets also experienced growth, while the Board recommended a dividend of Rs 2.50 per share.

Mahindra & Mahindra reported a robust 13.34% increase in Q4 consolidated net profit, reaching Rs 3,541.85 crore, driven by strong automotive and farm equipment sales. For FY25, profit after tax rose 14.7% to Rs 14,073.17 crore.

In April 2025, Maruti Suzuki's market share dipped below 40%, while M&M surged to second place due to strong SUV demand. Hyundai slipped to fourth, as Tata Motors maintained its third position. Overall, passenger vehicle retail sales saw a marginal increase, with Maruti Suzuki experiencing a slight sales decrease compared to the previous year.

Stock market today: Stock market indices Nifty and Sensex ended slightly higher in volatile trading on Tuesday, with investors showing caution over geopolitical tensions.

Mahindra & Mahindra Ltd. has announced its strategic move to acquire approximately 59% stake in SML Isuzu for Rs 555 crore, purchasing shares at Rs 650 each. This acquisition includes Sumitomo Corporation's 44% stake and Isuzu Motors' 15% stake, triggering a mandatory open offer for public shareholders.

Tech Mahindra's net profit soared 80% in FY25, reaching Rs 4,251.5 crore, prompting a final dividend of Rs 30 per share, bringing the total to Rs 45. The company's Q4 net profit rose 76.5% to Rs 1,167 crore, driven by a one-time tax benefit and reduced asset impairment, despite a slight revenue increase and headcount reduction.

Stock market today: The NSE Nifty increased by 114.45 points or 0.47 per cent to 24,461.15. The BSE benchmark of 30 shares gained 294.85 points or 0.37 per cent, closing at 80,796.84, continuing its upward trend.

Oliver Rowland secured victory in Round 6 of the Monaco E-Prix. The Nissan driver claimed his third win of the season. He strategically used Pit Boost to overtake Taylor Barnard. Nyck de Vries briefly led, but Rowland regained the lead with Attack Mode. Rowland is leading the FIA Drivers' World Championship. The next race, Round 7, is scheduled for Sunday.

Lower running costs may be offset by bigger, hidden expenses, usage issues and infrastructure problems. Consider these factors before deciding to buy an electric vehicle

Oliver Rowland clinched victory in Part 1 of the Monaco E-Prix, solidifying his lead in the Formula E Drivers' Standings. Nyck de Vries of Mahindra Racing secured second place, while Andretti's Jake Dennis finished third despite a penalty. The race saw early drama with António Félix da Costa's retirement due to a crash and challenges for previous winner Evans.

Stock market today: Stock markets continued their positive streak for the seventh consecutive day on Wednesday, with the BSE Sensex gaining 520 points to surpass the 80,000 mark for the first time since December 18.

Brokerage firms offer varied outlooks on Indian stocks. CLSA is optimistic about Reliance Industries, while Morgan Stanley holds a neutral stance on IDFC First Bank. JP Morgan expresses caution on Maruti due to plant ramp-up costs. Investec recommends buying Mahindra & Mahindra, citing the potential of SML's addition.

In April 2025, the Indian auto market saw mixed results. Maruti Suzuki's total sales increased by 7%, while Hyundai and Tata Motors experienced declines. Mahindra & Mahindra and Kia India reported strong growth, particularly in the SUV segment. Toyota Kirloskar Motor and JSW MG Motor India also saw significant sales increases, with the MG Windsor EV leading in its segment.

Stock market today: The BSE Sensex rose by 187.09 points or 0.24 per cent to close at 79,595.59, after reaching an intraday high of 79,824.30. The NSE Nifty increased by 41.70 points or 0.17 per cent to 24,167.25.

Mahindra Finance reported a 9% decline in standalone profit, reaching Rs 563 crore in the March quarter, impacted by increased provisions. While net interest income rose by 9% to Rs 2,156 crore, driven by loan book growth, a narrower interest margin and higher credit costs affected the bottom line. The lender maintains a comfortable capital adequacy ratio and liquidity buffer.

Indian equity markets witnessed a significant surge, with investors gaining Rs 33.55 lakh crore over six trading sessions. The BSE Sensex closed at 79,595.59, marking nearly an 8% gain since April 9, fueled by continued foreign institutional investor (FII) buying and optimism surrounding India's economic prospects amid global trade dynamics.

Tech Mahindra experienced flat growth in constant currency for both the March quarter and the entire fiscal year 2025. CEO Mohit Joshi attributed the stagnant revenue to deal closure delays in the hi-tech sector and a softer economic climate. Strategic decisions to reduce non-core and loss-making businesses also contributed to the flat revenue.

Stock market today: The BSE Sensex fell 315.06 points (0.39%) to close at 79,801.43, after dropping to 79,724.55 during trading. The NSE Nifty decreased by 82.25 points (0.34%) to 24,246.70.

Urban Company has filed for an IPO with Sebi to raise Rs 1,900 crore, including a fresh issue of shares and an offer for sale by existing investors like Accel India and Elevation Capital. The company intends to use the funds for technological upgrades, office space, and marketing initiatives.

IndusInd Bank has increased its fixed deposit interest rates for various tenures, especially short-term ones, while Kotak Mahindra Bank has marginally reduced rates on specific tenures and introduced a new short-term FD. IndusInd Bank's rates now range from 3.50% to 7.75% for the general public and 4% to 8.25% for senior citizens, whereas Kotak Mahindra Bank offers 2.75% to 7.