Responding to Mistry's office in a statement detailing the contract signed with his agency Rediffusion Y&R, Nanda asked why Mistry did not exercise option to sack the agency two years back and in fact extended the contract.
Mahindra Holidays is already seeing good traction in the spa business and is now considering moving from rejuvenation to wellness says Chairman Arun Nanda.
The company's profit for the corresponding quarter last year stood at Rs 24.7 crore, MHRIL said in a statement. The total income went up by 18 percent in the second quarter and stood at Rs 236.3 crore as against Rs 200.1 crore in the financial year 2015.
The company had posted net profit of Rs 20.42 crore for the April-June period of 2014-15, Mahindra Holidays & Resorts India Ltd (MHRIL) said in a filing to the BSE.
Besides, the company also plans to invest an additional 10 million euros in Holiday Club Resorts Oy in the form of equity or loan to finance growth of the Finnish firm in near future.
Mahindra Lifespace says it is impressed by the land ordinance and will aggressively expand its affordable housing business across India. Prime Property talks to Arun Nanda, Chairman of Mahindra Lifespace.
Speaking to CNBC-TV18, Arun Nanda, chairman, Mahindra Lifespace says that by the removal of the consent clause, the government is attempting to protect the interest of farmers.
Ad and branding agency Rediffusion Y&R is looking to rebrand itself. Having gone through a rocky phase in 2010, the 40 year old agency has spent the last two years trying to get back to top. CNBC-TV18‘s Pavni Mittal reports.
After the Union Cabinet cleared the land acquisition bill on Thursday, CNBC-TV18 spoke to Arun Nanda, director of Mahindra & Mahindra for his views on the bill. Nanda expects the cost of land acquisition to go up by 50 percent.
Arun Nanda, vice-chairman, Mahindra Life Sciences, says that the release from the government saying that the transfer of land from the government to infrastructure projects need not go to the Cabinet for approval is a positive move by the Prime Minister.
Mahindra Holidays and Resorts' fourth quarter net profit declined 7% year-on-year to Rs 37.23 crore as a rise in expenses offset net sales growth.
I really enjoyed reading this Bill. It’s a long title – the Land Acquisition, Rehabilitation And Resettlement Bill, 2011 – but it’s intent is short and clear- to right the wrongs that have taken place in the process of land acquisition across the country.
The Land Acquisition Bill was tabled today at the Lok Sabha. Mahindra & Mahindra's Arun Nanda told CNBC-TV18 that the Parliament needs to look at the 80% threshold, 5% for irrigated and the compensation package, depending on the area and whether the acquisition is private or forced.
Norway- the land of fjords, white nights and quotas for women on board.
For years ad agency Rediffussion’s Arun Nanda refused to sell out to WPP’s Martin Sorrell. Now Sorrell’s patience appears to have run out.
The national advisory council headed by Sonia Gandhi has made some strong recommendations on land acquisition policy. CNBC-TV 18’s Gopika Gopakumar reports on whether these recommendations are making industrialization tougher.
Arun Nanda, Chairman of Mahindra Lifespace had bought land for SEZ of the Mahindra Group itself. In an interview with CNBC-TV18's Latha Venkatesh and Anuj Singhal, Nanda gave his views on the latest news from NAC.
The Union Budget 2011-12 has been largely in line with industry expectations. We appreciate government’s commitment to bring down the fiscal deficit to 4.6%. Speaking about the positives of the budget, he said that, the increased allocation on infrastructure, health and agriculture reiterates Government’s focus on inclusive growth.