Tuesday, September 15
Mahindra & Mahindra (M&M) has acquired 58.96% controlling stake in SML Isuzu with a total investment of INR 555 crore. SML Isuzu Ltd. will be renamed to ‘SML Mahindra Limited' after regulatory approvals.In April 2025, M&M entered into an agreement to acquire a 58.96% equity stake in SML at Rs 650 per share, representing a total investment of Rs 555 crore."It is a big step for M&M towards establishing a strong presence in the >3.5T Commercial vehicles (CV) segment, where the company has a 3% market share presently, as compared to a 54.2% market share in the Sub-3.5 tonne LCV segment," the company said.This acquisition is said to double the market share to 6%, with company's plan to increase this to 10% - 12% by FY31 and 20%+ by FY36.As part of the transaction, M&M w
Former Chief Justice of India D Y Chandrachud has vacated the official residence of the head of the judiciary in the national capital.Justice Chandrachud, who was the 50th Chief Justice of India, had superannuated from the office on November 8, 2024.Recently, a controversy had arisen over his stay at the official residence of CJI at 5, Krishna Menon Marg, New Delhi, beyond permissible time.Talking to the PTI on July 7, Justice Chandrachud had cleared the air saying that his luggage was packed and he, along with his wife and children, would soon move to a paid government accommodation.Justice Chandrachud, his wife Kalpana and daughters Priyanka and Mahi, both of whom are persons with disabilities, were living in the official CJI residence."We have actually packed up our luggage. Some of the
