58.20 (1.87%) Mahindra & Mahindra’s (M&M) wholly owned subsidiary - Mahindra Agri Solutions has inked a pact with Multi Commodity Exchange of India (MCX) to provide agriculture related price information. The Memorandum of Understanding (MoU) will enhance the decision-making ability of the farmers further.
To start with, MCX will be providing price information, open interest information, spot price, future price and derived data (analytics) for all the agri commodities namely - CPO (crude palm oil), cotton, cardamom and mentha oil. This information will be available on its mobile application ‘MyAgriGuru’.
Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.