Page 3 - Bajaj Group

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

Want to build best housing finance firm of the future: Bajaj Finserv execs

Bajaj Housing Finance is looking to raise Rs 6,560 cr, of which fresh issues are for Rs 3,560 cr and offer for sale is for Rs 3,000 cr. Bidding for the IPO opens on Sept 9 and closes on Sept 11

Bajaj Auto targets 100K monthly sales of clean energy vehicles: Rajiv Bajaj

No plans to retire soon, says Bajaj Auto Managing Director Rajiv Bajaj

Ambani, Bajaj, Birla collectively hold $460 bn, equating to Singapore's GDP

India's most valuable family businesses are collectively worth a whopping Rs 6,009, 100 crore, as per anewly released report which has unveiled the country's most influential family-owned enterprises.

Bajaj Electricals Q1FY25 results: Net profit falls 25% to Rs 28.1 cr

Bajaj Electricals results fall short of expectations in first-quarter, hurt by dampened demand for kitchen appliances and price erosion in key lighting segment

Bajaj Group eyes healthcare venture as hospital bed demand rising steadily

The healthcare business venture is likely to be headed by Nirav Bajaj, who currently oversees corporate strategy at Mukand. However, the investment plans have not yet been finalised

Leadership rejig may be on cards for Bajaj Auto, hints MD Rajiv Bajaj

Addressing shareholders at Bajaj Auto's 17th Annual General Meeting in Pune on Tuesday, Rajiv Bajaj highlighted that the automobile manufacturer needs a younger Managing Director

Bajaj Auto Q1 PAT up 18% at Rs 1,941.79 cr on double digit revenue growth

The revenue from operations grew due to strong vehicle sales, record revenue from spares, and volume expansion across both domestic and export businesses

Bajaj Housing Finance board approves IPO to raise Rs 4,000 crore

The IPO would include a sale of shares by existing shareholders