Mahindra’ and ‘Swaraj’ are independent tractor brands of M&M with separate sales teams and dealer networks.
The 30-share BSE Sensex declined 187.75 points or 0.28 per cent to settle at 65,794.73. The Nifty skidded 33.40 points or 0.17 per cent to 19,731.80.
“The amount alleged in the SCN is based on the amounts collected by the company as delivery charges from the customers on behalf of the delivery partners during the referred period,” it said.
The decision, involving the company’s largest subsidiary, Foxconn Industrial Internet (FII), came out of a meeting between Foxconn Chairman Young Liu and Tamil Nadu Chief Minister M K Stalin, and a Letter of Intent has been signed in this regard.
The US in a meeting of WTO has stated that the decision will have an impact on trade of these products, including US exports to India, once they are implemented, the Geneva-based official said.
Global private equity major Bain Capital has agreed to acquire 90 per cent of the equity capital of Adani Capital, the shadow banking arm of the diversified Adani group, which lends to small businesses and for low-cost homes.
From a market share of less than 1 per cent in India’s import basket before the start of the Russia-Ukraine conflict, Russia’s share of India’s oil imports rose to over 40 per cent.
Large PSUs achieved 66.6% of FY24 capex target till NOVEMBER
British media regulator Ofcom, which started looking into cloud services last year, had said in April it was particularly worried about the practices of AWS and Microsoft because of their market positions, and it planned to ask the competition regulator to investigate.
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