Mahindra will increase capacity after quarterly profit rise

Indian automaker Mahindra & Mahindra plans to expand capacity for its sports utility vehicles and electric vehicles this year to meet rising demand, helping the company post a nearly 33% quarter-on-quarter profit increase on Wednesday.The Mumbai-based company is India’s second-largest automaker by revenue, with a portfolio made up entirely of feature-rich SUVs.Mahindra plans to increase […]

Global Markets | European shares remain steady as investors take stock of mixed earnings updates

Europe’s benchmark stock index was subdued on Tuesday as BP shares fell after the energy giant suspended share buybacks, while gains in luxury stocks after a better-than-expected earnings update from Kering limited declines.The pan-European STOXX 600 index was flat at 621.28 points at 0815 GMT, just a hair away from an all-time intra-day high. BP […]