The board of Bajaj Auto has appointed Rahul Bajaj as the chairman for a five-year term beginning April 1 while his son Rajiv would take over as the managing director.
Shishir Bajaj and two other family members have exited Bajaj Electricals by selling their 2.05 per cent stake in the company following a family dispute settlement with elder brother Rahul Bajaj.
KSCA T20 auction saw Indian international batter Devdutt Padikkal lead the charts as the most expensive player of the day,
The Bajaj family feud has taken another turn with Rahul Bajaj's Bajaj Auto and its associates increasing stake in Bajaj Hindusthan.
Despite the evolution of cinema toward more refined expressions and aesthetics today, the exaggerated comedic style of Andaz Apna Apna remains endearing and entertaining, reminding us that sometimes, we just need a dose of mindless comedy to unwind, feels Shristi Sahoo.
This is part of internal transactions. Nothing has been sold outside the group.
Shishir Bajaj, the estranged brother of group patriarch Rahul Bajaj, and his son Kushagra have sought a 25 per cent share in the assets controlled by these trusts.
Rajiv, who is BAL chairman and MD Rahul Bajaj's elder son, had joined the company as officer-on-special duty on December 19, 1990
Board meetings of two holding companies stayed.
Two wheeler giant Bajaj Auto is all set to be carved into separate auto and finance entities, to be headed by group chief Rahul Bajaj's sons Rajiv and Sanjiv respectively.
Showing a rift in the Hamara Bajaj-famed two wheeler giant Bajaj Auto, group chairman Rahul Bajaj on Wednesday differed with his son and managing director Rajiv Bajaj's decision to exit production of scooters saying he was not only not convinced but was 'hurt' by it.
Shishir, Rahul factions dissent over all-important chairmanship.
India needs another shot of difficult reform, of the kind only possible at gunpoint. Mr Trump holds that gun to our heads now. A drastic reduction in tariff protection, other elements of sarkari wet-nursing will force entrepreneurial India to become competitive again, argues Shekhar Gupta.
'Rahul Bhai was well known for speaking the truth.' 'He did not accept anything he considered wrong.'
The two factions of Bajaj business family with Rahul Bajaj on one side and his brother Shishir on the other have yet to agree upon a final price for sale of the younger siblings 6% stake in Bajaj Auto Ltd.
Differences still persist between Rahul Bajaj, his brother Shishir Bajaj and others on the issue of transfer of shares for finalisng the split of the Bajaj group, the Company Law Board has been informed by the lawyers.
Bajaj Auto chairman Rahul Bajaj on Tuesday said his company could consider selling its holding in the Firodias-controlled Bajaj Tempo, now rechristened Force Motors.
Tata Steel was the biggest loser in the Sensex pack, sliding 8.59 per cent, followed by Tata Motors, Larsen & Toubro, Adani Ports, IndusInd Bank, Tech Mahindra, Reliance Industries, Sun Pharmaceutical, HCL Technologies, Tata Consultancy Services, Infosys, and NTPC, were the major laggards. On the other hand, Bajaj Finance, HDFC Bank, Nestle India, ICICI Bank, ITC, Asian Paints and Axis Bank were among the gainers.
Looking to complete its range of vehicles in the automobile sector, two-wheeler major Bajaj Auto has embarked on a four-year programme to develop a quadricycle for the Indian market.\n\n
The country's second largest two-wheeler manufacturer, Bajaj Auto, on Sunday said there was no case for any layoff in the company even though there has been a cut in production due to a slowdown in demand. According to the figures released by the Society of Indian Automobile Manufacturers, motorcycle sales in the country during October was down by 18.17 per cent at 5,38,353 units, against 6,57,874 units in the same month a year ago.
Rahul Bajaj has reached an 'in-principle' agreement with his brother Shishir Bajaj on the division of the Bajaj empire, but the mercurial chairman of the two-wheeler major said the settlement had been delayed due to tax implications.
Singing a different tune than its foreign partners, Bajaj Auto on Friday said it will launch a four-wheeler commercial vehicle in mid-2012 from the ultra-low cost car (ULC) platform, which was originally planned to roll out a car with Franco-Japanese alliance Renault-Nissan.
After signing the agreement documents on Tuesday night, the Shishir and Rahul Bajaj factions submitted the consent terms of the settlement to the Company Law Board on Wednesday and withdrew the petition.
Signalling the end of a six-year long dispute, the warring Bajaj brothers have reached an agreement wherein family patriarch Rahul Bajaj has agreed to give control of Bajaj Hindusthan to younger brother Shishir.
Bajaj Industries chairman Rahul Bajaj on Thursday said the government should change the archaic land acquisition rules in India to deal with contentious issues like Singur.
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).
Within days of announcing that he would step down as the chairman of Bajaj Auto, Rahul Bajaj on Thursday said he expects the family feud with younger brother Shishir to be settled by June this year.
Not ready to be bogged down by competitive pressures despite strain on margins, Bajaj Auto has said it was ready to meet any kind of price war "head-on" and could even afford a further reduction in prices.
The Pune-based Rahul Bajaj group, thanks to an amazing stock market ride by Bajaj Finance and Bajaj Finserv, has grabbed third spot, pushing the Aditya Birla group down to fourth position.
The Insurance Regulatory and Development Authority of India's (Irdai's) decision to allow insurers to hedge risks through equity derivatives will help them manage market volatility and protect policyholder returns. However, this move is unlikely to alter their investment strategies.
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