Mahindra & Mahindra reported a strong 42% jump in net profit for the fiscal fourth quarter. Growth was seen across its automotive, farm equipment, and services sectors. Revenue also climbed significantly. Despite challenges like supply chain disruptions, the company’s diversified portfolio helped achieve this breakthrough performance. The company’s EV arm leads the eSUV market by revenue.
Banks seek easing of guarantee curbs to draw more NRI funds
Indian banks are asking the Reserve Bank of India to remove a guarantee restriction. This move aims to attract money from the Indian diaspora. Banks