M&M likely to see some action today

Mahindra & Mahindra (M&M) has announced its foray into the boat manufacturing business. With this, the Mahindra Group becomes a major Indian industrial group to make an entry into the leisure boating industry. The company’s products will be branded as Mahindra Odyssea. To start with, the company’s portfolio will encompass high quality, custom designed fibreglass power boats in the range of 20 ft to 40 ft, with different fit-out levels to meet the requirements of the customers. Later on, it would expand to have cabin cruisers and catamarans.

Wockhardt will float generic version of migraine drug Sumatriptan in the US market.

Bank of Rajasthan and Escorts have signed a Memorandum of Understanding (MoU) under which farmers in Rajasthan can obtain loan for tractors and farm equipments at a lower interest rate.

Hitachi Home and Life Solutions (India) has launched a new range of air conditioners — ACE FollowMe and ACE Cutout.