Vs Parthasarathy

Margins were higher due to a good performance of both tractor and auto divisions, said VS Parthasarathy, CFO, Mahindra & Mahindra (M&M).

RBI status quo disappoints demonetisation-hit India Inc

Disappointed with the Reserve Bank's decision to leave key policy rates unchanged, India Inc today said a rate cut was needed to revive demand hit by the cash crunch post demonetisation.

There will be some pain down the road from currency ban: M&M

VS Parthasarathy, CFO, M&M who spoke from the sidelines of IDFC India Conference said that it is too early to speculate on any impact from the demonetisation drive.

M&M loses 4% on Credit Suisse downgrade post Haridwar plant woes

Credit Suisse in its note says the company sees 100 basis points negative margin impact from Q4FY16 onwards due to phasing out of excise duty incentives at Haridwar plant.

Not overly worried about infra cess impacting demand: M&M

The infrastructure cess is sure to have a negative impact on the overall demand said VS Parthasarathy, CFO, Mahindra and Mahindra but on other hand the various measures to boost rural economy, infrastructure and farmer income could help mitigate the negatives.

With M2ALL launch, Mahindra forays into e-commerce

The new digital platform will offer customers an enhanced buying experience that combines speed and convenience of e-commerce transactions with the trust and reliability associated with the Mahindra group.

RBI Policy: Bankers eye data for another off-cycle surprise

In its sixth bi-monthly Monetary Policy review, the Reserve Bank of India kept policy rates unchanged after going ahead with a 25-bps cut just three weeks ago, suggesting government‘s annual budget at the end of this month may hold the key to future action.

Hike in export refinance limit to bridge liquidity gap: M&M

Welcoming hike ECR limit, VS Parthasarathy of M&M highlighted the dual impact of this move. "It gives two impacts, it gives liquidity and secondly it has a basis of getting rates reduced for the exporter or it gives a little bit of cushion for the bank to act the way that they want."

CII M&A Summit: Part 2

The panel highlighted recent developments using a number of current examples. They also gave recommendations for development of facilitative policy for financing of transactions.