Bajaj Group

Bajaj Group likely to make an investment of Rs 10,000 cr for hospital chain

Bajaj's move coincides with growth in Indian health care as the nation's wealth and insurance coverage increases and the number of people reaching retirement age accelerates

Bajaj Auto to take 'legal action' after it gets over Rs 10 cr GST penalty

Bajaj Auto Ltd on Friday said it has been imposed penalty and interest of over Rs 10 crore by the tax authority in a matter related to differential GST on classification of instruments cluster and will legally challenge it. The Joint Commissioner, Central GST, Pune -- II Commissionerate passed an order confirming classification of instruments cluster under HSN code 8708/8714 for the period July 2017 to March 2022, as against classification of 9029 adopted by the company, Bajaj Auto said in a regulatory filing. "The order has confirmed demand of differential GST amounting to Rs 10,03,91,402. The Joint Commissioner has appropriated and adjusted the said demand against the tax deposited by the company," it said. Bajaj Auto further said, "the order has also confirmed applicable interest and equivalent penalty of Rs 10,03,91,402 and general penalty of Rs 25,000, resulting in an overall penalty of Rs 10,04,16,402." The company said it "believes that the order passed by the Joint ...

Bajaj Finance shares rally 6% today, trade as top Sensex, Nifty gainer

Bajaj Finance share: Citi has reiterated a 'Buy' rating on Bajaj Finance stock. Meanwhile, Bajaj Finserv share price today zoomed 9 per cent

Bajaj rises to top in e-scooters with low-cost strategy: Can it stay there?

The two-wheeler giant had only 14 per cent of the electric two-wheeler market in May this year, but its 26.8 per cent in December

We should double in size in 5 years, says Bajaj Finance MD Rajeev Jain

We have unveiled our AI technology transformation strategy. And we have, in general, as a firm, been huge beneficiaries of using technology early, Rajeev Jain said

Bajaj Auto posts 5% growth in total vehicle sales at 421,640 units in Nov

Bajaj Auto Ltd on Monday reported a 5 per cent on-year growth in total vehicle sales, including exports, at 4,21,640 units in November. The Pune-based automaker had sold 4,03,003 units in November 2023, according to a company statement. Total domestic sales (including commercial vehicles) declined 7 per cent at 2,40,854 units in the previous month, as compared to 2,57,744 units sold in the same month last year. Total exports during the month under review rose 24 per cent at 1,80,786 units, from 1,45,259 vehicles shipped out to overseas markets in November 2023, according to the statement. The total two-wheeler volume (domestic and exports) in November 2024 stood at 3,68,076 units, an increase of 5 cent over 3,49,048 units sold in the same month of last year, Bajaj Auto said. Domestic two-wheeler sales declined 7 per cent to 2,03,611 units, from 2,18,597 units in November 2023. The two-wheeler exports logged a 26 per cent year-on-year growth at 1,64,465 vehicles in November, as ..

Startups are like upstarts, they end up burning strategy: Rajiv Bajaj

The biggest difference between established brands and many startups and is while the former build strategy, brand, and technology, the latter are more like upstarts that end up burning the same things, Bajaj Auto Managing Director Rajiv Bajaj said on Thursday. "There are three terminologies here. Startup; then there is a word which I like to call most of them, which is upstart. Then us, the winners or the champions," Bajaj said while speaking at the CNBCTV18 Global Leadership Summit here. He said those who enter a market without a strategy are "upstarts" and end up burning everything -- from their brand and technology to products. "Upstarts are those who don't have a build-strategy. They have a burn strategy. They burn technology -- their batteries. They burn brands by reducing price every month. They burn products in their factory, in the trucks, at the dealerships, on the road," he said. On the contrary, he said, "startups are those who have built a strategy. They build technolog

Bajaj Electricals Q2FY25 results: Net profit falls 52.7% to Rs 12.9 cr

Bajaj Electricals Ltd on Thursday reported a 52.7 per cent decline in consolidated net profit to Rs 12.90 crore for the second quarter ended September 2024. The company had posted a net profit of Rs 27.28 crore in the July-September period in the year-ago period, according to a regulatory filing by Bajaj Electricals. Its revenue from operations was marginally up at Rs 1,118.33 crore during the quarter under review. It was Rs 1,112.82 crore a year ago. The total expenses of Bajaj Electricals increased 3.73 per cent to Rs 1,118.80 crore in the September quarter. Its revenue from consumer products (CP) rose 1.24 per cent to Rs 868.27 crore against Rs 857.57 crore in the corresponding quarter of the last fiscal. The revenue from lighting solutions slipped 2 per cent to Rs 250 crore. Shares of Bajaj Electricals on Thursday settled at Rs 919.10 on BSE, up 4.03 per cent.

Bajaj Finserv Q2FY25 results: Net profit increases 8% to Rs 2,087 cr

Bajaj Finserv on Wednesday reported an 8 per cent rise in its consolidated net profit to Rs 2,087 crore for the second quarter ended September 30. The company had posted a profit of Rs 1,929 crore in the July-September quarter a year ago. The total consolidated income increased to Rs 33,704 crore during the quarter against Rs 26,023 crore in the same period a year earlier, Bajaj Finserv said in a regulatory filing. The Pune-headquartered company's total expenditure rose to Rs 27,741 crore compared to Rs 20,731 crore in the year-ago period. Bajaj Finserv Asset Management recorded assets under management (AUM) of Rs 16,293 crore as on September 30, 2024. Its subsidiary Bajaj Allianz General Insurance Company Ltd reported a profit of Rs 494 crore from Rs 468 crore in Q2 FY24, an increase of 6 per cent. Another subsidiary Bajaj Allianz Life Insurance Company Ltd posted shareholders' profit after tax at Rs 148 crore down from Rs 193 crore in Q2 FY24 due to new business strain, higher

Bajaj Finance Q2FY25 results: Consolidated net up 13% at Rs 4,014 crore

While NII grows 23%, loan loss provisions up 77%

Allianz SE considering to exit insurance joint venture with Bajaj Group

Founded in 2001, Bajaj Allianz General Insurance is one of the biggest private insurers in India, while Bajaj Allianz Life Insurance is among the fastest-growing life insurers in India

Maharashtra Scooters up 8% as it deemed fit for special-call auctions

Maharashtra Scooters has at least 90 per cent of its assets invested in Bajaj group companies

Bajaj Auto shares hit by mixed Q2 results, weak festive season outlook

Stock slumps over 13% on weak Q2 results, subdued festive demand outlook

Meesho expands portfolio with Bajaj, Himalaya, Bata amid festive jingles

With the festive season approaching, E-commerce giant Meesho has joined forces with various lifestyle brands. With the deals, Meesho now sells products in 30 categories

Bajaj now third most valued finance group; overtakes State Bank of India

Bajaj Housing Finance, which more than doubled on listing day, added Rs 1.36 trillion to the group's mcap

Cash-rich private sector promoters: Tata Sons continues to dominate in FY24

Premji sees over 2,100% jump in earnings from dividends, buybacks

Bajaj Housing Finance debut boosts Bajaj Group's market capitalisation

Fourth-ranked conglomerate narrows gap with Adani group

Trent likely to replace Bajaj Finserv in Sensex rejig in December

If this happens, Bajaj Finance will be the sole remaining Bajaj group stock in the 30-share Sensex, following the removal of Bajaj Auto in December 2021

Strategies to trade Bajaj Finance, Bajaj Finserv post Bajaj Housing debut

Technical chart flag caution at the Bajaj twin counters owing to formation of a 'Bearish Engulfing' candlestick pattern on the daily scale; check key support, resistance levels here

Corporate India's big six boost profits, struggle with flat job growth

India's top six corporate firms saw their employee headcount growth stagnate at -0.2 per cent, with numbers dropping from 1.74 million in FY23 to 1.73 million in FY24