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Bajaj Auto reports flat net profit
Posted on 18th July 2014
Sluggish domestic sales and a steep rise in expenses led to a flat net profit of Rs 740 crore for Bajaj Auto, India's third-largest two-wheeler maker, during the first quarter ended June 30. The Pune-based manufacturer of motorcycles such as the Pulsar and Discover and RE range of three-wheelers had posted a net profit of Rs 738 crore in the year-ago period. Analysts tracking the company had estimated Bajaj’s net profit for the June 2014 quarter to be Rs 815 crore. Bajaj’s stock on BSE reacted negatively to the earnings, closing at Rs 2,092, a 2.3 per cent decline compared to Wednesday’s close.

Is Bajaj Auto's special treatment to independent director fair?
Posted on 17th July 2014
Barely a fortnight after Tata Motors directors were denied pay increases by shareholders, Bajaj Auto has found itself in a tangle with governance activists over a special commission paid to an independent director.

The remuneration of former Citi banker Nanoo Pamnani, who has been serving as an independent director on the boards of four Bajaj group companies, including flagship Bajaj Auto, is substantially higher than those of other independent directors of the board in Bajaj Auto and Bajaj Finance.

BlackBerry Z3 set for India launch: 4 reasons why this affordable phone might be a good buy
Posted on 23rd June 2014
BlackBerry is all set to launch its new device, the Z3 in India this week. The phone has been designed for emerging markets like Indonesia and India. It is also the most affordable BlackBerry 10 device till date. The Indonesia launch was successful enough for it to find a mention in the company’s results for the first quarter of 2014.

Markets flat in opening trades; HDFC & M&M top losers
Posted on 17th June 2014
Markets have turned absolutely flat after making a marginally lower opening weighed down by global markets and financials.

By 9:30, the Sensex was lower by 2 points at 25,189 and the Nifty slipped by 3 points at 7,531 mark.

On the global front, Asian shares struck a cautious tone on Tuesday as the double-whammy of a deepening conflict in Iraq and a gas dispute between Ukraine and Russia sapped investors' appetite for risk.

Bajaj Auto sales rise 4% in May
Posted on 2nd June 2014
Mumbai: May sales at Bajaj Auto Ltd, India’s largest exporter of motorcycles and three-wheelers, rose 4% to 351,436 units compared with a year ago, the company said in a statement on Monday.

Exports, which expanded 40% to 156,179 units, drove volume growth. The company’s commercial vehicle sales also jumped 11% to 38,416 units.

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