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On 3 November 1992, Mahindra Finance changed their name to Mahindra & Mahindra Financial Services Limited. [7] Mahindra Finance is registered with the Reserve Bank of India as an asset finance, deposit taking NBFC. In 1993 it commenced financing M&M utility vehicles and in 1995 started its first branch outside Mumbai, in Jaipur.
The company first launched a personal loan product in Boston, Massachusetts, as a test market, due to the high concentration of young professionals in the area. The company officially launched in March 2014. [8] In 2014, Earnest distributed $8M in loans and by the end of the year had a growth rate of 70%. [5]
At the time, the company was known as Marsh & McLennan (M&M). [5] Today, Marsh's insurance brokerage unit operates as a separate business, known simply as Marsh, in a holding company structure, yet many media reports still erroneously refer to this brokerage unit as Marsh & McLennan. [6] [7]
In 2007, M&M acquired Punjab Tractor Limited (PTL), making it the world's largest tractor manufacturer. [12] [13] Subsequent to this takeover, the former PTL was merged into M&M and transformed into the Swaraj division of Mahindra & Mahindra in 2009. [14] Over the past few years, the company has taken an interest in new industries and foreign ...
In a CNBC interview, Chrysler CEO Chris Feuell said the Pacifica will be updated and a new crossover debut in 2026. Both the minivan and SUV will offer EV versions.
The result of this was the article in the American Economic Review and what has later been known as the M&M theorem. Miller and Modigliani published a number of follow-up papers discussing some of these issues. The theorem was first proposed by F. Modigliani and M. Miller in 1958.
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Parkland planned to offer M&M products as part of On the Run's product line, while also maintaining its standalone locations and other distribution agreements. [21] [22] In late-October 2022, Parkland announced a deal with U.S.-based EV charger company FreeWire Technologies to install EV chargers at 25 locations across British Columbia. [23] [24]
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