Meanwhile, Mahindra & Mahindra’s Farm Equipment Sector (FES), a part of the US.

Auto-maker Mahindra & Mahindra today reported its highest ever monthly sales of 44,717 units in Januray, registering a rise of 21.78% over the year-ago period.

Worries regarding regulatory changes, slowing credit offtake and asset quality have been factored in.

The credit rating of Mahindra & Mahindra Financial Services has been upgraded by Fitch Ratings India.

Mahindra and Mahindra Financial Services has moved higher by 2% at Rs 623 in an otherwise weak market on hopes of getting banking license.

After starting operations in the US, Mahindra & Mahindra Financial Services Ltd (MMFSL) now plans to enter South Korea, South Africa and China. Automobile major Mahindra & Mahindra has a strong presence in these countries.

Strong topline growth and robust outlook as rural consumption buoyancy sustains but margins narrow sharply.

Mahindra & Mahindra will begin work on its Rs 250-crore greenfield tractor plant at Zaheerabad, 100 km from here, on March 23, according to J Geeta Reddy, minister for heavy industries.

Mahindra & Mahindra Financial Services is trading higher by 2% at Rs 720 after the qualified institutional placement (QIP) issue was oversubscribed almost four times.

Mahindra Finance, the financial arm of Mahindra & Mahindra, today said it will raise up to Rs 570 crore through institutional placements by March and is keen to enter the mutual fund business.

Mahindra & Mahindra Financial Services, the financial services arm of M&M, today said it has entered into a joint venture agreement with US-based De Lage Landen Financial Services Inc (DLLFS), to provide financing to US-based tractor dealers

Mahindra & Mahindra Financial Services, the financial services arm of M&M, today said it has entered into a joint venture agreement with US-based De Lage Landen Financial Services Inc (DLLFS).

To meet the high level of demand coming in mostly from rural India, Mahindra & Mahindra Financial Services (Mahindra Finance) plans to raise up to Rs 570 crore through institutional placement of equities by mid-January, a top company official said

Mahindra & Mahindra Financial Services is trading 2% higher at Rs 789 after the company announced fund raising plans up to Rs 570 crore by way of a Qualified Institutional Placement (QIP) to institutional buyers.

Mahindra & Mahindra (M&M) Financial Services today decided to raise up to Rs 570 crore through institutional placement of equities to increase authorised capital to Rs 190 crore and expand business.

 Mahindra & Mahindra Financial Services has rallied 5% to Rs 688 after the company announced 71% jump in the consolidated net profit after minority interest for the second quarter ended September 30, 2010 to Rs 123.19 crore from Rs 71.67 crore in

Mahindra & Mahindra Financial Services (MMFSL) anticipates that the balance sheet of its rural housing finance subsidiary will grow to around Rs 5,000-6,000 crore in about three to five years' time, a top company official said.

Mahindra & Mahindra Financial Services sees FY11 net profit jump nearly by a half, led by growth in demand for commercial and pre-owned vehicles and construction equipment, its top official said.

Improvement in tractor sales after monsoons and the possibility of winning a banking license is exciting investors.

The markets have been trading in a lacklustre manner this morning. The benchmark indices had opened on a quiet note in the absence of any clarity from their global counterparts and have not gone anywhere since.