Mahindra and Mahindra's (M&M) agri business division has forayed into branded pulses space with NuPro brand.

The company today launched the NuPro Tur dal in Mumbai and said it will soon expand its footprint in other pulses and related value added products like besan in nearby areas like Pune and Nashik.

Mahindra & Mahindra on Friday unveiled two vehicles from a new product platform, Supro. The company, a part of the $16.9-billion Mahindra Group, launched the Supro Van, an eight-seater diesel passenger vehicle, and the Supro Maxitruck, a load carrier with a payload capacity of one tonne.

Speaking at the launch, Pravin Shah, president and chief executive (automotive), Mahindra & Mahindra, said, “A true ‘Make-in-India’ vehicle platform, both the vehicles are all set to redefine their respective categories.

Nifty closed weekly in positive territory. It managed to hold lower end support levels as expected last week & sharply bounced back after RBI Policy. The correction turned out to be 3 waves declines. It made a low of 7691.20 levels on nifty & 25,287.33 levels on sensex. Broader market is out performing at current levels of market. Midcap, small cap & Bankex indices etc closed weekly in positive territory. It made a high of 26,430.62 levels on sensex & 8008.25 levels on nifty at the end of weekly trading session.

Nifty closed 2nd consecutive week in positive territory, its slow & steady extending on up side as anticipated last week. It has broken out of running triangle kind of consolidation pattern in wave-B on up side; one can expect market to extend towards higher levels targets in short term. It made a high of 8055 levels. All the indices such as Bankex, midcap & Small cap etc also closed 2nd consecutive week in positive territory.

Short term out look for the market remains positive till nifty trades above 7800 levels & expecting targets in the range of 8120-8225 levels in short term. CNX BAKEX is out performing in short term. It’s also extending as anticipated in short term.

The Mahindra group today announced its debut into the e-commerce space with the launch of M2ALL.Com, an e-marketplace for Mahindra products and services.

The online marketplace has begun taking bookings for the new compact SUV -- Mahindra TUV300.

Mahindra & Mahindra Limited is signing an MoU with the Tamil Nadu government to invest around Rs 2,000 crore in Mahindra Research Valley, near Chennai.

The investment will be to set up a new test track for MRV and an automotive plant to meet the company's future needs over next 5 years.

Shares of Mahindra & Mahindra have touched a 52-week low of Rs 1,095, extended its nearly 9% fall in past one week on the BSE, after the company reported a single digit 1.29% year-on-year increase in total sales of 35,634 vehicles in August. It sold 35,180 units in the same month last year.

The company has reported a 22.03% decline in its tractor sales at 11,699 units in August as against 15,006 units in the same month last year.

Mumbai, Aug. 26: The Mahindra group is investing Rs 700 crore in commercial vehicles (CV) as it seeks to manufacture the entire range of trucks.

Mahindra Truck and Bus Division will make the investment to develop new intermediate and light commercial vehicles (LCVs). The aim is to have a portfolio ranging from 3.5 tonnes to 49 tonnes, thereby becoming a full-range player in the next two years.

Mumbai: Mahindra and Mahindra Ltd (M&M) reported a 3.35% drop in net profit for the first quarter of the current fiscal year on a fall in sales, but still managed to beat analyst expectations.

Stand-alone net profit fell to Rs.852.20 crore in the June quarter as compared with Rs.881.78 crore a year ago. Net sales fell 3% to Rs.9,708.05 crore as compared with Rs.10,006.85 crore. A Bloomberg poll of 27 analysts estimated net profit at Rs.741.1 crore and net sales of Rs.9,831.8 crore.

Weighed down by lack of new products in the passenger vehicle space and drastic fall in demand for tractors, Mahindra & Mahindra posted 3.4% fall in net profit for the quarter ended June 30, 2015. The company, however, managed to beat street estimates.

The Mumbai-based company reported Rs 852 crore net profit for the reporting quarter as against Rs 882 crore posted in the same quarter last year. A Bloomberg poll of analysts had estimated the net profit to be at Rs 741 crore.

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