Sunaina Kejriwal, the director of the Kamalnayan Bajaj Hall and Art Gallery, passed away in Mumbai on October 5 at the age of 53 after a courageous two-year battle with cancer. A member of the prominent Bajaj family, Sunaina was the daughter of industrialist Rahul Bajaj and the wife of Manish Kejriwal, founder and managing […]
Bajaj Auto and Triumph Motors, having previously launched a successful 400cc motorcycle, are now set to expand their product lineup. On September 17, 2024, they will unveil two new, affordable 400cc bikes based on the Speed 400, which will be manufactured by Bajaj Auto in India. The new models are expected to come in Carnival […]
Mukand Limited has inaugurated a new state-of-the-art 16 TPH boiler at its facility, replacing the previous 14 TPH unit. This upgrade enhances the plant’s steam generation capacity to meet increasing demand and supports future expansion plans. Manufactured by Thermax Ltd., the advanced boiler features the latest safety systems and operates using a sophisticated PLC logic […]
Bajaj Housing Finance, a unit of Bajaj Finance, has garnered significant interest in its IPO, attracting bids worth approximately $38.60 billion—about 64 times the shares available. This high demand makes it the most sought-after major public listing of the year in a booming IPO market. With a $782 million IPO valuing the company at $7 […]
Mukand Limited, a prominent manufacturer of stainless steel long products, has appointed Mr. Neeraj Kant as CEO Designate. With 38 years of experience in the steel industry and a strong academic background-including a Chemical Engineering degree from IIT Kanpur and an MBA from Edinburgh University-Mr. Kant is well-equipped to lead Mukand into a new era […]
Bajaj Housing Finance Ltd will not need additional capital for its growth in the coming years following its recent IPO, which raised ₹6,560 crore. Sanjiv Bajaj, CMD of Bajaj Finserv and chairman of Bajaj Housing Finance, stated that the company aims to develop a business model similar to HDFC’s, focusing on excellence and scale. This […]
The Ultimate Table Tennis 2024 (UTT) was officially launched yesterday by Tamil Nadu’s Minister for Youth Welfare and Sports Development, Thiru Udhayanidhi Stalin, at the Jawaharlal Nehru Indoor Stadium. The event, spanning 17 days, is set to engage table tennis fans nationwide. During the inauguration, the Minister revealed the UTT winners’ trophy, and was joined […]
Bajaj Auto has received approval for production-linked incentives (PLI) for all 13 vehicles it applied for, making it the only company to achieve this across its full range of products. The approval includes both two- and three-wheelers, with Bajaj Auto meeting the domestic value addition criteria. The PLI scheme for the automobile sector was significantly […]
On July 22, 2024, Shekhar Bajaj, Chairman of Bajaj Electricals, addressed concerns following the abrupt resignation of Managing Director and CEO Anuj Poddar on July 17, which led to a 6 percent drop in the company’s stock. In a subsequent investor call, Bajaj reassured stakeholders that the company is guided by a strong strategy, not […]
Bajaj Housing Finance, a non-deposit taking housing financier, filed a draft prospectus for a ₹7,000 crore IPO in June 2024, as required by RBI regulations for listing upper-layer non-banking finance companies (NBFC-UL) by September 2025. The IPO includes a fresh issue of shares up to ₹4,000 crore and an offer for sale of up to […]
Bajaj Electricals Limited has appointed Vishal Chadha as Chief Operating Officer of its Consumer Products division. Chadha, who has over 28 years of experience with companies like Britannia, Nokia, Snapdeal, and Kohler, will bring his expertise in Sales, Category Management, Marketing, and General Management to the role. Chairman Shekhar Bajaj and MD & CEO Anuj […]
Bajaj Auto announced that its Chetak Electric Scooter surpassed 20,000 bookings in July 2024, boosted by the launch of the new Chetak 2901 variant priced at ₹95,998 (ex-showroom Bangalore). This increase is attributed to the expansion of Chetak Experience Centres and dealerships into Tier 2 towns, enhancing availability. The Chetak Electric Scooter is now sold […]