The Bajaj Group patriarch who has been at the helm of the company for over five decades, will move to the role of chairman emeritus
The jump was driven by its insurance business.
CLSA opines that the surge in Covid cases in Maharashtra may taper in May as the state is in its fourth-month of the second wave. This, it believes, will be positive for the markets
FMCG major Britannia Industries reported a 3 per cent YoY decline in consolidated net profit at Rs 360.07 crore in the fourth quarter ended March 31
Covid cases are on the rise across the country
Bajaj Finance is heading towards Rs 7000 mark if the support of Rs 5000 is defended aggressively, chart shows
Bajaj Finserv reported a gradual revival in lending business, while insurance business continued to show healthy performance, though sequential run rate witnessed moderation
The limit on FDI in Indian insurance companies will be lifted from 49 per cent to 74 per cent, a move aimed at attracting overseas players.
Competition Commission of India approved the acquisition of stake in Max Life Insurance by Axis Bank, Axis Capital and Axis Securities
It holds a little over of 52 per cent in the consumer finance giant Bajaj Finance, 74 per cent in Bajaj Allianz general insurance and Bajaj Allianz life insurance.
Sectorally, all except Nifty FMCG index ended the day in the green on the NSE with the FMCG index closing down 0.16 per cent
L&T Finance, Indiabulls Housing Finance, IIFL Finance, REC, Shriram Transport Finance, Power Finance Corporation, LIC Housing and HDFC were up between 3 per cent and 9 per cent on the BSE
All that happened in the markets today
All that happened in the markets today
The service aims to integrate the fragmented service delivery of the health care system and make health care accessible to consumers on a single platform
Tata Motors' stock has provided breakdown from a head and shoulder pattern on the daily chart
If there is no escalation in geopolitical concerns and Covid-19 cases, the Indian markets are likely to continue their northward trajectory
The Bajaj group is the only one on the list of 12 conglomerates to be down - 1 per cent - since the lockdown came into effect, thanks to the hammering of stocks of non-banking financial companies.
Instead of extending the moratorium by another three months, it would have been better to allow lenders to offer a one-time restructuring only to those who need it, says Sanjiv Bajaj
All that happened in the markets today