The popular IT company Tech Mahindra has reduced the retirement age from 58 to 55 years. Generally, corporate and government retirement ages go up but in the rapidly changing IT industry, it’s beginning to go down. This move by the company indicates that they don’t want to be stuck with older employees who may be reluctant […]
India’s leading software development company Tech Mahindra looking to hire around 4,000 freshers in next 9 months. According to the company, the major focus on “demand-based” hiring instead of creating an inventory. Mumbai based IT company has already hired about 1,800 fresh graduates in the first quarter of the ongoing fiscal. The total headcount of […]
Mahindra and Mahindra (M&M) came to terms with Canadian IT firm Resson Aerospace Corporation in a share subscription agreement to acquire 10 per cent of its share capital for up to CAD 6.63 million. “The company has today signed a share subscription agreement for subscribing up to 8,00,402 Class C preferred shares of Resson Aerospace […]
Mahindra and Mahindra Financial Services Ltd. are looking to raise Rs. 10,000-15,000 crore this fiscal year via multiple routes including a bond sale, informed Ramesh G.Iyer, company’s vice chairman and managing director on Monday. Mahindra Financial is expecting Rs. 24,000 to come from the repayment of loans. The balance has been strategized to raise from […]
Mahindra Group and online taxi aggregator company Meru cabs announced a collaboration for a pilot Electric Vehicle project in India. As per the press release by the Mahindra Group, the pilot project will see Meru deploy a fleet of eVeritos, the all-electric sedan by Mahindra and the model will be replicated in other cities soon. Mahindra […]
Porter, a logistics marketplace based in Mumbai raised Rs 50 crore funding from Mahindra Group in a Series C funding round. Resfeber Labs Private Limited operates the firm and allotted 246,280 shares of Rs100 each for the funding at a premium of Rs 1932.20 per share on March 28, 2018. Presently, the startup raised over […]
The Indian Multinational provider of IT, Tech Mahindra said that it would invest 100 million Canadian dollar over five years to set up a centre of excellence in artificial intelligence (AI) and block-chain. The news comes in light when the Prime Minister of Canada Justin Trudeau is visiting India with his family to promote enhanced […]
Its not long since government announced its decision to not bring any separate policies for the electric vehicles. As the Electric Vehicles (EV) manufacturers and owners was hoping for the possibility of some added points in the existing policy, they were left a bit disappointed with the outcome. However looks like Mahindra & Mahindra Limited […]
The car and bicycle rental company Zoomcar have raised up to Rs 176 crore from Mahindra & Mahindra the Indian multinational car manufacturer. Mahindra & Mahindra (M&M) today said it will invest up to $27.6 million in-car and bicycle rental firm Zoomcar India and Zoomcar Inc, its US incorporated holding parent company. The deal specifies the […]
Noted industrialist and Chairman of diversified business conglomerate Mahindra Group, Anand Mahindra today said he was interested to invest in the mobile truck food business run by a woman entrepreneur in Mangaluru. Responding to a news report about how 34-year-old Shilpa was running a successful food truck on a Mahindra Bolero pick-up truck in Mangaluru, […]
Mahindra group today said it will invest 2,00,000 euro (about Rs 1.51 crore) in a Finnish start-up, Medixine, as it taps into the start-up eco-system of the Nordic country for future innovation programme. The group had conducted Avatar Hunt, a search for the next big idea in Finland. This conveys what the conference was about. […]
Mahindra & Mahindra Ltd, one of India’s oldest vehicle manufacturers, is testing autonomous tractors, trucks and cars, while moving closer to bringing electric vehicles to the United States, Chairman Anand Mahindra said on Monday. The company, which opened a new North American headquarters north of Detroit on Monday, is considering when to begin U.S. sales […]