"Mahindra offers to resign from NACIL board"

On Monday, 21 February 2011, Anand Mahindra who is the vice-chairman of the Mahindra & Mahindra Ltd. offered to resign from the board of NACIL. NACIL which is run state-owned carrier Air-India, citing conflict of interest. NACIL means National Aviation Company of India Ltd. In letter to civil aviation minister Vayalar Ravi, he said that recently Aero-India 2011 which is held in Bangalore has terrified up business opportunity to Mahindra & Mahindra Ltd.  This opportunity was a potential conflict of interest and thereby throws up question of good board practice.

Details Of Mahindra & Mahindra, Live Share Market Price Of Mahindra & Mahindra

Mahindra Group’s Mahindra & Mahindra is the Mumbai based Indian Conglomerate. K.C. Mahindra and J.C.Mahindra both brother along with Malik Ghulam Mohmmed established this company in 1945. But when India gained independence that time Pakistan formed new nation that time Malik Ghulam Mohmmed went to Pakistan. He became the first finance minister of the Pakistan. In 1948 company name changed to Mahindra & Mahindra. Mahindra & Mahindra is set up to manufacture general-purpose utility vehicles.

Mahindra & Mahindra Details:

Company Type: Public

Industry type: Automotive and Farm Equipment

Company founded in: 1945

Headquarters of Company: Mumbai, Maharashtra, India

Offical Website Of Mahindra & Mahindra

Indian ADRs lose $ 23 billion in January

In January, Indian stocks trading on American bourses witnessed their cumulative market capitalistion falling by nearly $23 billion. Infosys Technologies and Wipro which are IT biggies accounted for nearly half of the losses. In January, on New York Stock Exchange and the Nasdaq where 15 Indian entities listed lost $ 22.81 billion from their market capitalization. Total valuation of Wipro and Infosys together contains $  10.94 billion nearly. Wipro valuation plunged by $ 6.26 billion to  $ 31.29 billion where Infosys declined by $ 4.68 billion to $ 38.63 billion.

TCS Q3 net rises 30% to Rs 2,370 cr

Tata Consultancy Services (TCS) which is largest software firm in India, On 17 January 2011 posted 29.93% jump in consolidated net profit at Rs. 2,369.83 crore ended 31 December 2010. Now company announced 200 percent dividend. During the quarter, TCS added 35 new clients. N Chanrasekaran who is CEO and MD of TCS told Company's ongoing performance has been the result of the sustained effort from all operating teams to focus on growth with profitability.

On Tuesday, HINDUJA FLAGSHIP Plum order

On 18 January 2011, HINDUJA FLAGSHIP firm’s  Ashok Leyland who is leading manufacture in the automobile told Leyland has carrier fresh orders from VRL Logistics for 262 vehicles. A month ago, the fresh order included about 200 car carriers on the ‘U-3518’, 12 Units of ‘U-4923’ truck and 50 units of the company’s 12 meter buses in adding together to the 600 vehicles. In the statement of the company said the cumulative value of order is pegged at over 172 crore. Mr. R. Seshasayee who is MD of Ashok Leyland told, the U-3518 is built on the new modern U-3518 is built on the new modern U-Truck platform is an example of a product considered to meet the specific load carrying requirements of VRL Logistics.