Page 24 - M Amp News Today : Breaking News, Live Updates & Top Stories | Vimarsana

M&M Penalty: Mahindra & Mahindra has been fined over INR 14.3 lakh (USD 20k) for taking incorrect input tax credit during the transition to the GST regime by Mahindra Vehicle Manufacturers, which has since been merged into it. The company is hopeful of a favourable outcome at an appellate level, as it does not expect the order to have any significant financial impact, M&M said in a regulatory filing.

Selling tractors in the US market is a very difficult task given that it has very different farm requirements compared to countries like India. So the fact is that the Mahindras have done well and the traction there is improving and is one of their main businesses originally, places M&M well."

The mMonsoon performance in early August reflects a gradual improvement compared to the initial stages of the season. The shift from a deficit to a surplus in cumulative rainfall, along with increased Kharif sowing, points to a more stable agricultural landscape.

Stocks to watch out for today: ICICI Bank, Bank of Baroda, RIL, Britannia, Balrampur Chini, Delta Corp, SBI, Karur Vysya Bank, M&M and more

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