Mahindra & Mahindra Ltd (M&M Ltd) on Wednesday rolled out a new wheel harvester under the Swaraj brand in the domestic market as it looks to tap aggressively the farm mechanisation market in the country.
These agritech services include AI-based advisories, soil testing, produce quality testing and e-commerce — all in the project’s pilot phase.
Hong Kong’s main market index plunged 2.3 per cent and Shanghai, Tokyo and Sydney also fell. Oil prices retreated.
Domestic equities plunged on Thursday after the US Federal Reserve decided to keep the policy rate unchanged but stuck with forecasts for one more rate hike this year.
The company’s net profit from asset sales rose 16% to $424.8 million, even as high interest rates, economic uncertainty and market volatility continue to weigh on the ability of private equity firms to cash out their investments.
US futures were little changed and oil prices rose slightly.
Services sector is seen contributing the maximum share to the overall growth in the second quarter, even as the sector along with agriculture may see a slight moderation.
JKC said it remains “fully dedicated to the revival of Jet Airways and is committed to Implementing a comprehensive strategy to ensure the airline’s success.”
Mahindra & Mahindra Ltd on Friday said it has been imposed a penalty of over Rs 14.3 lakh for incorrect input tax credit availed during the transition from the excise regime to the GST regime by erstwhile Mahindra Vehicle Manufacturers Ltd.
The revenue growth will be 2 percentage points lower than the one observed in the preceding January-March quarter, it said, adding that this will be the first time in eight quarters that the listed companies will show a sequential decline in revenue growth.