Word: mahindra
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...Tech Mahindra, a Pune-based telecom-solutions provider, won the auction on Monday, agreeing to buy 31% of Satyam for $352 million, a 23% premium to Satyam's last closing price on Thursday. Tech Mahindra plans to make a public offer to acquire 20% more of Satyam shares to gain a majority stake, as required by Indian law, taking the cost of the deal to $580 billion. (Read TIME's 2006 cover story about telecommunications in India...
...training the next generation of leaders, Anand G. Mahindra ’77, Vice-Chairman of Mahindra & Mahindra Ltd., said that business schools were not necessarily the answer...
...real strength of the American educational system is not at professional schools, but across the river, so to speak,” Mahindra said, referring to the College. “Future leaders need a flexible mind, and for that, you need training in the liberal arts...
Both Orient-Express and Jaguar's Gorin emphasize that their judgments were based on business strategy alone. Gorin told the Wall Street Journal that his sentiments also applied to a Chinese company buying Jaguar and should not be read as a judgment on Mahindra or Tata's management abilities. "My concern is perception," he said. "And perception is reality." Pippa Isbell, an Orient-Express spokesperson, says that "our letter was purely based on business rationale." Orient-Express, she says, owns properties around the world, and the company's decision to decline a closer relationship with Indian Hotels "is not related...
First, a group of U.S. Jaguar dealers said they opposed the possibility that Ford, Jaguar's owner, might sell the British luxury car brand to an Indian firm. Two of the three firms that Ford has shortlisted as potential purchasers are Indian: Mahindra & Mahindra and Tata Motors. The dealers said that the sale to an Indian company would hurt Jaguar's image. "I don't believe the U.S. public is ready for ownership out of India of a luxury car make," Ken Gorin, chairman of the Jaguar Business Operations Council, told the Wall Street Journal. "And I believe it would...