Bajaj Finserv reported a 48.4% year-on-year (YoY) rise in consolidated net profit for the quarter ended June 2023 at ₹1,942.63 crore. The company’s net profit in the same quarter last year was ₹1,309 crore. The company’s revenue from operations in Q1FY24 increased 46.5% to ₹23,280 crore from ₹15,888.3 crore, YoY. “Macroeconomic conditions were stable during […]
Bajaj Finance announced a jump of 34.62% in revenue and 32% in profits for the quarter ending June 2023 with total revenues of Rs. 12,501 crores and a net profit of Rs. 3,437 crores, pushed higher by a 26% rise in Net Interest Income (NII) to Rs. 8,398 crores. The number of new loans booked […]
Triumph Motorcycles, in partnership with Bajaj Auto recently introduced Speed 400 and the Scrambler 400X roadsters in the Indian market. The brand confirmed that Triumph Speed 400 and the Scrambler 400X received an order book of 17,000 units. The production of the Triumph Speed 400 has already commenced at Bajaj Auto’s Chakan manufacturing facility in […]
Two-wheeler maker Bajaj Auto reported a 42% rise in its net profit to ₹1,665 crore in the June quarter, primarily driven by motorcycle sales in the domestic market, which managed to offset the impact of challenging conditions in the export markets. The firm posted domestic volume growth of 73% from a year ago in April-June. […]
The Byculla Railway Station, an architectural gem with a history spanning 169 years, holds immense cultural significance as one of India’s oldest living railway stations. Acknowledging its architectural heritage and cultural importance, the UNESCO Asia Pacific Cultural Heritage award was announced a few months ago. ‘I love Mumbai’, an NGO of BJP politician and spokesperson […]
Bajaj Allianz Life, a leading private life insurer, has announced its collaboration with ace cricketer, Shubman Gill, to take forward its brand journey. Shubman’s pursuit towards achieving excellence across all formats of the game aligns with our holistic aspirations of being a preferred Life Goal enabler of Indians through value-packed products and customer-centric services and […]
Bajaj Allianz General Insurance has decided to hold a “Festival of General Insurance” in Pune on July 3, where it will recognize outperforming insurance advisors. The General Insurance Festival of India (GIFI) will see the institution of the GIFI Awards for top-rated general insurance agents. The judging panel for the GIFI awards include Dr. S […]
With the aim of delivering better customer services to its non-resident Indian (NRI) population in the Middle East, Bajaj Allianz Life Insurance is opening its first representative office in Dubai. With a sizeable NRI customer base in the GCC region, Bajaj Allianz Life customers, with products ranging from protection, investments, savings, and retirement, will find […]
Bajaj Housing Finance has extended its maximum home loan tenor to 40 years from 30 years for salaried applicants, who are new home buyers. With the change in the tenor, Bajaj Housing Finance now offers equated monthly installments (EMI), starting at just Rs 733 per lakh. Bajaj Housing Finance’s revised tenor capping is subject to […]
Bajaj Finserv launched its mutual fund (MF) business on (June 6, 2023). The non-banking financial services company got capital markets regulator SEBI’s approval in March for its MF business, and it will be operated under Bajaj Finserv Mutual Fund. This is India’s 43rd asset management company (AMC). Bajaj Finserv has already received SEBI’s approval to […]
The Maharashtra government has signed a Memorandum of Understanding with Bajaj Finserv under which the non-banking finance company will invest Rs 5,000 crore in Pune which is expected to create 40,000 jobs, Deputy Chief Minister Devendra Fadnavis said on 3rd June 2023. After signing the MoU, Fadnavis said Pune was gradually becoming a hub for […]
Bajaj Auto said on Thursday that its total sales stood at 2,28,401 vehicles in the domestic market last month. That was more than double compared with sales of 1,12,308 vehicles in the corresponding period a year ago. Its total two-wheeler sales (domestic + exports) grew 23 % to 3,07,696 units in May 2023, compared to […]