Friday, December 25, 2020

How Mahindra's gameplan to become a global SUV player backfired

Anand Mahindra and his lieutenant Pawan Goenka broke the news and explained how the acquisition would propel the country’s largest manufacturer of SUVs to the next level. However, 10 years later, the dream soured as SsangYong went into court receivership on a growing mountain of debt, supplemented by poor performance.

from Economic Times https://ift.tt/2WKOs7D

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D-St surges 1% on reports govt to cut tax on foreign bond bets

Indian stock markets surged on Thursday. The Nifty and Sensex saw significant gains. This rise was driven by reports of a potential tax cut ...