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Mahindra & Mahindra announces changes in management of Mobility Services Sector

Read more about Mahindra & Mahindra announces changes in management of Mobility Services Sector on Business Standard. Dr. Anish Shah, who is the Deputy Managing Director and GroupCFO of M&M, and is designated to take over as the Managing Director and CEO of M&M from 02 April 2021, will take additional charge of overseeing the Mobility Services Sector directly.

HDFC, APSEZ, IRCTC in focus

HDFC has reduced its Retail Prime Lending Rate (RPLR) on housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 5 basis points, with effect from March 4, 2021. The change will benefit all existing HDFC retail home loan customers. Adani Ports and Special Economic Zones (APSEZ) is acquiring the 31.5% stake held by Windy Lakeside Investment (an affiliate of Warburg Pincus) in Gangavaram Port (GPL). The acquisition is valued at Rs.1,954 crore and subject to regulatory approvals. IRCTC said the company will operate trips through Golden Chariot from 14th March, 2021 onwards. IRCON International has been awarded the work for replacement of mechanical signaling at various locations at Moradabad at the expected completion cost of Rs 187 .80 crore. The tenure for execution of the works is 24 months. This work has been awarded on competitive bidding basis among PSUs by the Northern Railways, Ministry of Railways.

Volumes spurt at Mahindra Logistics Ltd counter

Mahindra Logistics Ltd registered volume of 1.5 lakh shares by 10:48 IST on BSE, a 52.54 fold spurt over two-week average daily volume of 2847 shares EPL Ltd, JSW Energy Ltd, MOIL Ltd, Garden Reach Shipbuilders & Engineers Ltd are among the other stocks to see a surge in volumes on BSE today, 02 March 2021. Mahindra Logistics Ltd registered volume of 1.5 lakh shares by 10:48 IST on BSE, a 52.54 fold spurt over two-week average daily volume of 2847 shares. The stock slipped 0.18% to Rs.483.00. Volumes stood at 2146 shares in the last session. EPL Ltd registered volume of 3.55 lakh shares by 10:48 IST on BSE, a 9.88 fold spurt over two-week average daily volume of 35935 shares. The stock rose 1.02% to Rs.222.20. Volumes stood at 26132 shares in the last session.

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