Investor wealth on Wednesday diminished by Rs 1.84 lakh crore amid massive sell-off in the equity market.
On Day One of the lockdown announced by the Maharashtra Government, it wasn't business as usual for automobile manufacturing units in the State. Confusion prevailed over regulations-what is allowed and what isn't. While some units ran with less than half the workforce, others sought clarity from the government on what is permissible and what isn't.
Tata Steel and Axis Bank were among the top gainers in the Sensex pack, surging up to 6.67 per cent following their March quarter results.
NDA should not repeat former govt's mistake of holding back much-needed reforms
Top gainers in the Sensex pack included Bharti Airtel, SBI, Tata Steel, Vedanta, NTPC, HDFC Bank, HCL Tech, ONGC, ICICI Bank and L&T, which rose up to 2.97 per cent.
After the latest spike in crude oil prices, petrol prices could potentially go up to around Rs 90 a litre making a dent in the consumer's wallet. This, the analysts fear, will push the cost of vehicle ownership in the country, further reducing the demand potential for the industry.
In the Sensex pack, gainers included HCL Tech, SBI, ITC, Bharti Airtel, Sun Pharma, Yes Bank, Axis Bank, TCS, Asian Paints, ICICI Bank, TCS, Bajaj Finance and Infosys, jumping up to 3.84 per cent.
As many as 140 stocks hit their respective 52-week low levels.
The TVS Scooty Zest aims to lure female buyers from Hero Pleasure, Suzuki Let's and Honda Activa-i
Kushagra publicly crossed swords with his uncle, Rahul Bajaj calling him a 'raja' (king) who does not have the time to meet his 'prajas' (subjects).
These are the best value for money bikes in terms of the money they save by using less fuel to run longer distances
The bike, a newer version of Discover, will begin sales August 11.
Bajaj launches Discover 125 ST at Rs 55,740 to take on Honda CB Shine 125
With every two-wheeler company except Bajaj offering scooters now, that day is not far when the company that made 'Haamara Bajaj' a household name will get back to the segment where it once ruled.
The Vespa Esclusivo is the first limited edition model of the Vespa scooter in India. Only 1,000 units will be offered with every unit having a number badge to it, which gives it exclusivity!
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The company has already shifted production to Aurangabad.
Top gainers in the Sensex pack included ONGC, HDFC, Bharti Airtel, Infosys, Maruti, HCL Tech, Mahindra and Mahindra, HUL, TechM and SBI -- rising up to 2.89 per cent.
Royal Enfield sees its scale and dominant market share as adequate buffers against Bajaj's recent challenges, says Ajay Modi.
After months of delays following differences Bajaj Auto, Renault and Nissan on Tuesday signed an agreement formalizing roll-out plans for 2012 - a year behind schedule.
Top gainers in the Sensex pack included Tata Steel, Kotak Bank, NTPC, HDFC twins, PowerGrid and ONGC, rising up to 4.60 per cent.
A slew of new products in the mid-segment line-up like Star City Plus and Victor, an agreement with global brand BMW to launch new range of bikes and a strong marketing push is what the Chennai-based automaker has up its sleeves to take on established players in the two-wheeler market.
As macroeconomic numbers continue to disappoint, reaching pre-Covid level is unlikely in FY21.
Equity investors should thank cash-rich biggies such as TCS, ITC, HUL, Nestl, and Bajaj Auto for this.
The broader NSE Nifty fell 78.75 points, or 0.70 per cent, to close at 11,234.55.
As Covid-19 cases surge in India, companies have realised it's a tightrope walk between maintaining production and ensuring employee safety.
Top gainers in the Sensex pack included Hero MotoCorp, Maruti, M&M, Bajaj Auto, HUL, HCL Tech, Bajaj Finance, ITC, HDFC and L&T, rising up to 7.51 per cent.
The production at Bajaj Auto's Chakan plant near Pune remained crippled on Wednesday as the agitation by company's nearly 2,000 employees over wage revision and other demands continued for the second day.
Harley Davidson, KTM-Bajaj, M&M make India production base for automobiles to be assembled and sold in China.
The quadricycle would meet better emission and safety standards than the current three-wheeler does. And, it can give a better ride, particularly during the monsoon.
Tata Motors, Mahindra & Mahindra and Bajaj Auto have noted a rise in these incidents.
At the end of Monday's trading session, the market capitalisation of BSE-listed companies stood at Rs 1,51,86,312.05 crore against Rs 1,46,58,709.68 crore on Friday.
Bajaj Finance was the top laggard in the Sensex pack, tanking up to 8 per cent, followed by M&M, Tata Steel, Bajaj Auto, ONGC, HDFC Bank and Kotak Bank. On the other hand, TCS, Tech Mahindra, HUL, Axis Bank and ITC were the top gainers.
Confirming that the company could shift its production to other facilities, Bajaj Auto Managing Director Rajiv Bajaj told Business Standard: "If we take a view that this (labour issue) is going to extend over the next two months, we certainly can do that, and will do that."
Bajaj Auto has launched a new range of passenger three-wheelers, with improved mileage, changed styling and lower maintenance costs.
Opposition to the idea of quadricycles is a story of sour grapes, says Rajiv Bajaj.
Known for its phones and emerging from nowhere in the segment, it might take on the scooter Goliaths.
Market benchmarks Sensex and Nifty soared to new peaks on Tuesday, driven by gains mainly in metal, financial and IT stocks amid firm global cues and sustained foreign fund inflows. Tata Steel was the top gainer in the Sensex pack, surging 4.38 per cent, followed by Bharti Airtel 4.37 per cent, Vedanta 3.50 per cent, Tata Motors 3.03 per cent, HDFC 2.46 per cent and Bajaj Finance 2.39 per cent.After surging to its record intra-day peak of 41,401.65, the 30-share BSE barometer settled 413.45 points, or 1.01 per cent, higher at its all-time high of 41,352.17. Similarly, the broader NSE Nifty rallied 111.05 points, or 0.92 per cent, to its record closing high of 12,165.
What will you be game for? An affordable performer or a true-blue track machine?
Economists advise against it, citing international experiences; business leaders say RBI should allow move for inclusive growth.
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