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 […]
Minal Bajaj, Honorary Director at the Jamnalal Bajaj Foundation, has joined the Advisory Board of the Satyarthi Movement for Global Compassion (SMGC). This global movement, born from the legacy of Nobel Peace Laureate Kailash Satyarthi, is dedicated to igniting ‘Compassion in Action’ worldwide, building on his four decades of groundbreaking efforts as a social reformer. […]
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 […]
Minal Bajaj, serving as the Honorary Director of the Jamnalal Bajaj Foundation, has taken on a pivotal role as a member of the Theatre Advisory Committee at the National Centre for the Performing Arts (NCPA). This collaboration signifies a significant milestone as the NCPA Theatre and Films Department partners with the Bajaj Group Charitable Trust […]
Bajaj Finserv Ltd reported a 10% rise in net profit to ₹2,138 Crore for Q1 FY25, with consolidated income increasing 35% to ₹31,480 Crore. Bajaj Finance saw a 14% increase in net profit to ₹3,912 Crore and a 25% rise in net interest income to ₹8,365 Crore. The company has resumed loan activities following the […]
Bajaj Finance reported its Q1 results on July 23, 2024, showing a 27.98% increase in revenue and a 13.82% rise in profit year-over-year (YoY). Compared to the previous quarter, revenue grew by 7.73% and profit increased by 2.29%. Selling, general, and administrative expenses rose by 7.58% quarter-over-quarter (QoQ) and 18.55% YoY. Operating income was up […]
Bajel Projects’ has announced order of a ₹586.28 crore contract from Power Grid Corporation of India. The contract involves supplying goods and services for the 765 kV D/C Beawar Mandsaur PS transmission line, part of a larger initiative to enhance power transmission from Rajasthan. The project must be completed within 23 months. Bajel Projects, previously […]