Page 3 - Bajaj

Bajaj Auto shares decline over 2% to Rs 3,804.80 on BSE after Q4 earnings

At the NSE, the stock dipped 2.57 per cent to Rs 3,805 apiece

Bajaj Electricals to demerge its power transmission & distribution business

Bajaj Electricals Ltd would demerge its power transmission and distribution (T&D) business into a separate company in a move to create a sector-focused firm and streamline the management structure. The board of Shekhar Bajaj-led company on Tuesday approved the scheme of arrangement between Bajaj Electricals (the demerged company) and Bajel Projects Ltd (the resulting company) subject to the approval of shareholders, said a regulatory filing. As per the scheme, 1 equity share of face value of Rs 2 each fully paid-up of Bajel Projects will be issued for every 1 equity share of face value Rs 2 each fully paid-up held by equity shareholders of Bajaj Electricals, it added. "The equity shares of the resulting company shall be listed on BSE and NSE, post the effectiveness of the scheme. The shareholders of the company will be issued equity shares in the resulting company in the same proportion as their holding in the company," it said. The segregation will enable both the companies to ...

Bajaj Electricals net profit down 51% at Rs 48.17 cr in December quarter

Bajaj Electricals Ltd on Tuesday reported a decline of 50.94 per cent in its consolidated net profit to Rs 48.17 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 98.19 crore in the October-December quarter of the previous fiscal, Bajaj Electricals said in a regulatory filing. Its total revenue from operations was down 12.02 per cent to Rs 1,319.81 crore during the quarter under review as against Rs 1,500.14 crore in the corresponding period of the previous fiscal. Bajaj Electricals' total expenses were at Rs 1,261.50 crore, down 9.16 per cent in Q3/FY 2021-22, as against Rs 1,388.80 crore in the year-ago period. Bajaj Electricals Chairman and Managing Director Shekhar Bajaj said: "This quarter has continued to witness the impact of increased commodity costs coupled with subdued demand scenario, leading to a deferral of price hikes for our Consumer Products business." "While there is a dip in YoY performance over the previous Q3 (which had

Bajaj Electricals board approves review of corporate structure

The company said it would explore a full range of options and alternatives, including demerger, subsidiarisation and strategic partnerships

Bajaj Healthcare seeks compulsory licence for Covid-19 drug Baricitinib

Eli Lilly has granted voluntary license to 6 Indian drugmakers for Baricitinib

Amul brings nostalgia back in ads to stay relevant amid Covid-19 lockdown

Leaning in on nostalgia and its long-standing relationship with customers, the legacy brand strives to be seen and heard amidst a lockdown

Auto Expo 2020: Digital tilts the wheel as marquee brands plan to skip

Even as big auto brands plan to skip the 2020 Auto Expo, as many did two years ago, Chinese carmakers are stepping in to claim their spot

The Bajaj scooter that took me places, and why Bajaj continues to be super

The Bajaj Super could not be called a pretty scooter, but it was sturdy and reliable

Letter to BS: Kudos to Bajaj for launching an e-scooter ahead of schedule

We all know that the first mover advantage is a huge advantage to have for any manufacturer

Bajaj Chetak makes a comeback in electric avatar, to be available from Jan

The e-scooter was unveiled by Transport minister Nitin Gadkari in presence of Niti Aayog CEO Amitabh Kant and Bajaj Auto Managing Director Rajiv Bajaj

HDFC home loans to EVs and bikes: What gets costlier & cheaper from today

Here's a list of products and services that might either pinch your pockets or ease your expenses in the coming months

Bajaj to launch 'Dominar 400' on Dec 15, teaser unveiled

The new Bajaj offering will have a 'Dominar' moniker, which in Spanish means 'to excel or exceed in power'

Rajiv Bajaj hits out at Global NCAP

Euro NCAP had said it was disappointed to see quadricycles, including the Bajaj Qute, lack basic safety features