Shekhar Bajaj, chairman and managing director of the firm, explains to Viveat Susan Pinto on what led to this sales jump, besides throwing light on the benefits accruing to the sector on account of the GST rate cuts in appliances.
This is part of internal transactions. Nothing has been sold outside the group.
Mukesh Ambani has reclaimed his position as the richest Indian, overtaking Gautam Adani, according to the M3M Hurun India Rich List 2025 released on Wednesday. With a wealth of Rs. 9.55 lakh crore ($105 billion), the 68-year-old Reliance chairman returned to the top spot, while Adani, 63, and his family followed closely with Rs. 8.15 lakh crore.
Bajaj Electricals is eyeing companies that are strong in manufacturing and has a good product line, but are weak in financials.
Bajaj Electricals Ltd has entered into a tie-up with US-based construction equipment company Multiquip for outsourcing and marketing mobile light towers and globugs in India.
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.
Shishir, Rahul factions dissent over all-important chairmanship.
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.
Maharashtra, which contributes between 12 and 15 per cent of appliances sales, announced lockdown-like curbs, meaning there will be no business for the second half of the month as well from the state.
Categories such as washing machines, refrigerators and television sets have seen sales growth of around 8-10 per cent in August compared to last year, industry sources said, with September also reporting a similar growth trajectory.
On Tuesday, Bajaj Electricals extended its brand licence agreement with UK-based kitchen appliances major Morphy Richards, launching a new range of products. Chairman & managing director Shekhar Bajaj, cousin of industrialist Rahul Bajaj, tells Viveat Susan Pinto the company will increasingly focus its attention on its consumer products business.
Among the many exits from the billionaire's club in 2022 are D Uday Kumar Reddy of Tanla Solutions (net worth down 66 per cent), Sushil Kanubhai Shah of Metropolis Healthcare (down 65.7 per cent), Vijay Shekhar Sharma of One97 Communications (down 66 per cent), and C K Birla (down 43.4 per cent).
Paytm CEO Vijay Shekhar Sharma said on Wednesday that the company's share market performance has been in line with that of global peers in the sector over the past six months due to macroeconomic factors. "Macro factors like quantitative easing, free money due to US monetary policy and other parameters led to a spook in the market in terms of pricing the IPO. "Paytm's shares have received a similar response to that of global peers in the last six months...But that is not a complete reasoning.
The Andhra Pradesh Raj Bhavan sex scandal and the paternity suit a love child filed against Tiwari dogged him in his 80s.
The ruling alliance also has some smaller parties like Republican Party of India-Athawale, Asom Gana Parishad, Mizo National Front, National People's Party, Naga People's Front, Pattali Makkal Katchi and Bodoland People's Front, which have one seat each, totalling seven seats.
With the arrival of new players such as Amazon Pay, Google Tez and Flipkart's PhonePe, digital money companies are now changing their business pitch.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The company is set to be India's first microlender to become a bank
As many as 80 brands are riding the digital and television broadcast this year.
Forbes said Prime Minister Narendra Modi's "economic experiments" barely affected India's billionaires while none gained more than oil-and-gas tycoon Mukesh Ambani, who cemented his decade-long hold on the top slot by adding a staggering USD 15.3 billion (67 per cent) to his last year's wealth to become one of Asia's top five richest.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'He was the first creative person to recognise and fully realise the power of film in an era when press ads were the only competence of Indian creatives.'
Bandhan financial Services will raise funds via internal accruals.
They encouraged start-ups to pay for acquiring customers rather than focusing on the business fundamentals.
'A very vast majority of us will catch it at some point, about 8 out of 10 won't feel much worse than a common cold's nuisance, if at all, but some will die.' 'A very, very vast majority, at least about 98 per cent of those infected, if not more, under any circumstances, will live through it,' observes Shekhar Gupta.
Union Minister for Water Resources Uma Bharati recently reiterated her commitment towards making the Yamuna Shuddikaran Abhiyan a success but said little else. It is obvious that in comparison to the Ganga about which she waxes eloquent at the drop of a hat, her treatment towards Yamuna can at best be described as step-motherly. Rashme Sehgal reports on efforts to save the river.
'The world wants India to succeed. It also worries now that India over-promises and under-delivers,' says Shekhar Gupta.
In an hour-long chat on rediff.com on Thursday, A K Prabhakar, senior VP and Head - Equity Research (Retail), Anand Rathi Financial Services Ltd, answered some important questions on the market.
India Inc has few leaders who are likely to grab headlines in 2015.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
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