Mahindra & Mahindra To Bid For Majority Stake In South Korea’s Ssangyong

India’s Mahindra & Mahindra Ltd. (500520.BY) said Saturday its board has approved submission of a binding bid to acquire a majority stake in South Korea’s cash-strapped sport-utility vehicle maker Ssangyong Motor Co. (003620.SE). The potential acquisition of Ssangyong will provide Mahindra with a ready portfolio of SUVs and sedans, as […]

Mahindra & Mahindra: M&M slashes Logan gets cheaper by Rs 24K to 80K

Mahindra and Mahindra, who have bought over Renault’s stake in the now defunct Mahindra Renault Pvt Ltd have slashed the prices of its Logan sedan from Rs 24,000 to Rs 80,000 depending on the variant. The prices were cut by Rs 27,000-80,000 for the Bharat-III variant, while the reduction for […]

Reliance Purchased Stake in Deccan 360 Reliance Invested in Deccan 360 Reliance Investment

NEW DELHI –Reliance Industries Ltd. and Deccan 360 Friday announced that the Indian conglomerate has purchased a strategic stake for an undisclosed amount in the new express logistics company, started by the founder of India’s first low-fare carrier. Reliance has purchased a stake of between 26% and 49.9% in Deccan […]