Category: 3. Business

• World Premiere on 27th November at Mahindra’s ‘Scream Electric’ event in Bengaluru.
• Celebrating 1 Year of the launch of the two iconic electric origin SUVs, Mahindra to expand its electric portfolio with the big new 7-seater electric SUV.
• The first authentic 7-seater electric SUV, built on the INGLO skateboard for unmatched space and performance.

Mumbai, November 1, 2025: Mahindra has officially unveiled the name of its next all-electric SUV — XEV 9S, the big, bold, and authentic 7-seater electric SUV built on Mahindra’s advanced INGLO platform. Designed to bring together power, presence, and pure electric performance, the XEV 9S marks a new chapter in Mahindra’s all-electric evolution.

Unlike re-engineered ICE vehicles, the XEV 9S is born electric — purpose-built on Mahindra’s INGLO skateboard architecture. This flat-floor design liberates generous cabin space, enabling clever flexibility like sliding second-row seats, ensuring every passenger enjoys first-class comfort. The skateboard architecture also gives the XEV 9S an inherently low centre of gravity, enhancing both stability and ride comfort — perfect for big families with big plans.

At its heart, the XEV 9S is about making space for everything you love — your people, your passions, and your life. It’s for those who live large, travel together, and refuse to compromise on electric performance or presence.

The world will get its first full look at the Mahindra XEV 9S during the ‘Scream Electric’ event in Bengaluru on 27th November 2025 — a grand celebration marking one year of Mahindra’s all-electric journey and its growing INGLO portfolio.

Because when it comes to going electric — Mahindra believes bigger is better.

YouTube Link: https://www.youtube.com/watch?v=AyCoOWFmoIc

Social Media Addresses for Mahindra Electric Origin SUVs

• Brand website: https://www.mahindraelectricsuv.com/
• Instagram: @mahindraelectricsuvs
• Twitter (X): @mahindraeSUVs
• YouTube: @mahindraelectricsuvs
• Facebook: @mahindraelectricoriginsuvs
• Hashtags: #ScreamElectric #XEV9S #MahindraElectricOriginSUVs

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 3,24,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology, and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality, and real estate.

The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise / For updates subscribe to https://www.mahindra.com/newsroom

Media contact information

Siddharth Saha
Sr. Manager, Marketing Communications, Mahindra Automotive
Email – [email protected]
You can also write to us at: [email protected]

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November 1, 2025

Shares worth €1.3bn (£1.1bn; $1.5bn) have been seized from the company that controls the manufacturer of Campari over alleged tax evasion, Italian police have said.

Officials ordered the confiscation of the Campari Group shares from Luxembourg-based Lagfin as part of a year-long investigation into how it absorbed its Italian arm.

It is accused of failing to pay a similar figure to that of the shares seized in taxes during that merger. The company previously said it had always fulfilled its tax obligations.

Campari – which also produces alcohol brands including Aperol, Grand Marnier and Courvoisier – said neither it nor its subsidiaries were involved in the case.

However, chair Luca Garavoglia is among those under investigation, local media reports.

The BBC approached Lagfin – which owns more than 50% of Campari shares and has 80% of voting rights – for comment.

It previously said in a statement issued on the investigation last year that it had “always fulfilled its tax obligations with the utmost scruples in all the jurisdictions where it operates” and considers any claims to the contrary “devoid of any basis”.

Prosecutors in Milan launched a probe into the company last year. Financial police on Friday said they allegedly found €5.3bn of undeclared capital gains between 2018 and 2020 on which it had not paid a so-called “exit tax”, levied on firms that transfer their headquarters abroad.

It is also accused of transferring its Italian assets into foreign ownership solely for tax purposes, according to Italian financial newspaper Il Sole 24 Ore.

Mr Garavoglia, the billionaire who inherited ownership of Campari from his late mother, is implicated alongside Giovanni Berto, the head of Campari’s Italian branch, local media reports.

One of the largest global producers of spirits, Campari is valued at around €7bn on the Milan Stock Exchange.

The company has its roots in 1860, when Gaspare Campari’s homemade bitter liqueur became a popular tipple among patrons of his Milan bar.

It became so successful that, in 1904, his family began manufacturing it commercially, and from the 1990s onwards the firm began acquiring other alcohol brands.

It hasn’t been the best quarter for TP ICAP Group PLC (LON:TCAP) shareholders, since the share price has fallen 14% in that time. But over the last three years returns have been decent. It beat the market return of 46% in that time, gaining 50%.

Now it’s worth having a look at the company’s fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business.

AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part – they are all under $10bn in marketcap – there is still time to get in early.

While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

During three years of share price growth, TP ICAP Group achieved compound earnings per share growth of 39% per year. The average annual share price increase of 14% is actually lower than the EPS growth. So it seems investors have become more cautious about the company, over time. This cautious sentiment is reflected in its (fairly low) P/E ratio of 11.16.

The company’s earnings per share (over time) is depicted in the image below (click to see the exact numbers).

It is of course excellent to see how TP ICAP Group has grown profits over the years, but the future is more important for shareholders. You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic.

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for TP ICAP Group the TSR over the last 3 years was 85%, which is better than the share price return mentioned above. And there’s no prize for guessing that the dividend payments largely explain the divergence!

We’re pleased to report that TP ICAP Group shareholders have received a total shareholder return of 25% over one year. And that does include the dividend. That’s better than the annualised return of 15% over half a decade, implying that the company is doing better recently. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For instance, we’ve identified 2 warning signs for TP ICAP Group that you should be aware of.

Of course TP ICAP Group may not be the best stock to buy. So you may wish to see this free collection of growth stocks.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on British exchanges.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Mitsubishi (TSE:8058) has taken another step into the biotech sector by announcing a strategic partnership with Wheeler Bio focused on expanding commercial opportunities across the Asia-Pacific region. The collaboration includes a direct investment in Wheeler’s latest funding round.

See our latest analysis for Mitsubishi.

Mitsubishi’s renewed push into biotech comes on the back of strong market momentum. The past three months alone saw a 22.6% rise in share price, with the 2024 year-to-date increase nearing 44%. Over the long term, Mitsubishi’s 1-year total shareholder return clocks in at almost 40%, while the 3-year return sits above 180%. The 5-year total return is a remarkable 454%. These are clear signals that investors see value in both its ongoing diversification and robust fundamentals.

If Mitsubishi’s growth streak has you thinking about what else is thriving in dynamic sectors, now’s a great time to explore See the full list for free.

Yet with the stock rallying so sharply this year, the big question is whether Mitsubishi remains undervalued at current levels, or if the market has already factored in the company’s growth and biotech ambitions. Is there still a genuine buying opportunity here?

Mitsubishi’s most followed narrative currently points to a fair value below the last close of ¥3,712, suggesting the recent price rally has outpaced foundational earnings assumptions in the eyes of analysts and market observers. This sets up a clash between momentum-driven optimism and more cautious, long-term projections.

Active capital recycling and selective divestitures of lower-margin businesses align the portfolio toward higher-margin and recurring revenue streams. This approach is likely to enhance net margins and improve return on equity over the medium term. Expansion into international food and consumer supply chains (for example, Cermaq and Thai Union Group) utilizes Mitsubishi’s global distribution strength to build stable, recurring revenue. This helps counter cyclical downturns and supports long-term revenue growth.

Read the complete narrative.

Want to know the growth blueprint behind this high valuation? The key element of this narrative is a margin transformation and a revenue engine hidden beyond megaproject headlines. What are the bold projections keeping some analysts cautious even as shares soar? Read on to discover which financial forecasts are setting the true ceiling for Mitsubishi’s fair value.

Result: Fair Value of ¥3,405 (OVERVALUED)

Have a read of the narrative in full and understand what’s behind the forecasts.

However, factors such as declining commodity prices and underperformance in legacy business lines could quickly challenge bullish forecasts for Mitsubishi’s future growth.

Find out about the key risks to this Mitsubishi narrative.

If you see a different story in Mitsubishi’s fundamentals, or would rather rely on your own research approach, it’s faster than ever to shape your own perspective in just a few minutes. Do it your way.

A great starting point for your Mitsubishi research is our analysis highlighting 1 key reward and 2 important warning signs that could impact your investment decision.

Smart investors never settle for today’s headlines alone. Broaden your horizon and unlock new opportunities in tomorrow’s markets with these top stock ideas on Simply Wall Street.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include 8058.T.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

When Donald Trump nominated Fiserv chief executive Frank Bisignano to serve in his administration 11 months ago, his company was held up as a Wall Street fintech darling alongside the likes of Visa and Mastercard.

Now the business Bisignano helped build is in freefall.

Shares of Fiserv, which runs back-end technology for banks and payment networks, fell 44 per cent and lost $30bn in market value after disastrous third-quarter results on Wednesday. The company disclosed several problems that had been festering for years and analysts described the earnings as “shocking” and “impossible to sugarcoat”.

But Bisignano already cashed out, selling 3.3mn Fiserv shares worth more than $500mn at the time of his Senate confirmation in May, and deferring taxes on the gains. Today, the shares would be worth about $220mn.

Now questions are being raised about the company’s management under the leadership of Bisignano, who has been tapped by Trump to manage two of the government’s most crucial financial operations — the Internal Revenue Service and the Social Security Administration. One collects more than $5tn in annual tax revenue and the other makes more than $1.6tn in yearly payments to senior citizens.

“To see a company that 12 months ago had a sterling reputation fall off like this and finish the day down 44 per cent, it is the most shocking earnings print I’ve had in my time covering the space,” Deutsche Bank analyst Nate Svensson said.

New Fiserv chief executive Mike Lyons, in the job since Bisignano’s resignation in May, said an analysis had revealed ill-fated decisions to defer investments and cut costs, as well as a reliance on short-term initiatives to maximise quarterly results.

“As a result, we have made the decision to deprioritise the short-term revenue and expense initiatives which, of course, has some near-term impact on our growth and profitability,” Lyons told analysts.

The company is now facing shareholder lawsuits alleging it misled investors. Fiserv declined to comment. Bisignano did not respond to requests for comment.

Wisconsin-based Fiserv was founded in 1984. The company as it is today is the result of a merger between Fiserv and First Data, where Bisignano was the CEO.

The deal brought together Fiserv’s sticky but low growth core banking system business with First Data’s higher-growth merchant solutions business, which provided payment processing systems such as credit card readers for small and large businesses as well as ecommerce services.

Before Fiserv and First Data, Bisignano, 66, was a top executive at JPMorgan Chase, reporting to chief executive Jamie Dimon. Internally, he earned a reputation as a savvy operator but also someone who could blur the lines between company matters and his personal life.

Bisignano was known to invite family and friends to the corporate box at MetLife Stadium to watch the New York Giants NFL team, even when he was not in attendance, and for his frequent use of the company’s private plane, according to executives who worked with him at the time.

His relationship with Dimon eventually soured, according to people familiar with the matter, and he left JPMorgan to join First Data in 2013. In 2017, his pay there reached $100mn. JPMorgan declined to comment.

Bisignano took over the combined Fiserv/First Data company in 2020. It emerged as an industry winner, outperforming rivals such as FIS and GPN. Fiserv’s standout business was its Clover point-of-sale payments terminals.

Bisignano and his wife Tracy were significant donors to Trump’s 2024 and 2020 presidential campaigns before he was recruited to run the social security programme and take the newly created role of IRS chief executive reporting to Treasury secretary Scott Bessent. A Treasury department spokesperson did not respond to requests for comment.

In October 2024, a few weeks before election day, Tracy gave $924,600 to the Trump 47 Committee, the maximum an individual could give to the joint fundraising Pac, and nearly $800,000 split between the Republican National Committee and dozens of local Republican party groups.

At Fiserv, the image of a stable business with solid growth potential has been shattered. The company on Wednesday widely missed analysts’ estimates in quarterly results and slashed its outlook for organic revenue growth in 2025 from 10 per cent to as low as 3.5 per cent.

Lyons detailed that its business in Argentina, which has been supported by the country’s high interest rates and hyperinflation, had been a bigger driver of growth than investors previously believed. He talked about reversing price increases that the prior leadership had made and a need to “overhaul” the client experience for its Clover product.

“At Fiserv there was a lot of restructuring, a lot of cost takeout. I don’t think there was investment in places that needed investment,” said Ali Raza, managing principal at Blue Leviathan, a consulting firm focused on payments. “So we have what we have now.”

Lyons is now tasked with turning the company around. He has put in place a new chief financial officer, three new board members and new co-presidents.

He has talked about resetting the company’s culture to one that prioritises integrity, fairness, execution, accountability and client service, changes that will take time to implement.

“Leaving aside what’s happening with the financials,” said Deutsche’s Svensson, “that is not something you can wave the magic wand and fix overnight”.

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