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Mahindra & Mahindra Ltd. has signed an initial agreement to buy a majority stake in South Korea's Ssangyong Motor Co. to enhance its technological know-how and expand its product range in the sports-utility-vehicle segment. Mahindra, will conduct a due diligence of the South Korean company's business before finalizing a definitive agreement. Shares of Ssangyong Motor Co. soars 12.8% in Seoul trading.
India Infoline News Service / 11:17, Apr 24, 2015
The ice-cream market in India is estimated at Rs 3,500 crore and Gujarat is the largest market.