Companies should increase private investment: Anand Mahindra
Private investment as a percentage of GDP has been falling to a worrisome level from 2011-12 onwards, says Anand Mahindra
Private investment as a percentage of GDP has been falling to a worrisome level from 2011-12 onwards, says Anand Mahindra
The Anand Mahindra-led conglomerate says it will support interested companies in setting up their manufacturing base in India
The Mahindra Group welcomes the opportunity to recruit such trained, capable young people, says Anand Mahindra.
With new partners like Ford in the picture, SsangYong’s future with M&M is at a crossroads at a time when the Covid-19 pandemic is likely to force the world into a recession.
Companies ranging from auto to garments and FMCG have joined hands to speed up the production of medical equipment such as masks, sanitisers, and ventilators.
Monetary contributions, setting up hospitals, reducing prices of handwash, and committing not to cut wages are some of the ways in which corporate India is rising to the challenge.
Group chairman Anand Mahindra will move to a non-executive role starting FY21; Pawan Goenka will remain MD and CEO till April 2021, after which Anish Shah will takeover the mantle.
The billionaire founder of Virgin Group says a lot of times ‘true entrepreneurs’ will fall flat on their faces and they need to fight tooth and nail in order to survive.
Mahindra and Mahindra will pick up majority stake in a JV with Ford, manage the American carmaker’s operations in India, and collaborate on new cars and business in emerging markets.
The company’s PAT fell to ₹918 crore from ₹1,238 crore a year ago due to falling sales and low margins, but including exceptional gains, the figure stands at ₹2,260 crore.