The board has given the nod for the formation of a housing finance company as a wholly-owned subsidiary
BAL said exports were up 54 percent during the month at 1,69,755 units as compared to 1,10,023 units in July 2013.<br />
The eighth CNN-IBN Indian of the year (IOTY) was awarded to the activist group Stop Acid Attacks (SAA) last night. Here are the list of other winners
For keeping up business spirits in a tough year, the nominees for the Indian of the year in business are Rahul Bhatia and Aditya Ghosh of Indigo, Anand Mahindra, N Chandrasekaran of TCS, Nitin Paranjpe of Hindustan Unilever, Pawan Munjal of Hero Motors and Rajiv Bajaj of Bajaj Auto.
Bajaj's competitive edge has been its consistent focusing on 'brands' and 'positioning' for two-wheeler enthusiasts.
Bajaj Auto, India's second-largest motorcycle maker by sales, reported a second-quarter profit that beat analyst estimates as a weaker rupee gave export earnings a boost.
Rajiv Bajaj, managing director, Bajaj Auto in an interview with CNBC-TV18 confirmed that the strike has been called off but the company is still awaiting an official confirmation from the workers. <br /><br />
Giving an ultimatum to workers to end the strike, the Bajaj Auto Managing Director and chief executive told reporters here, "I will be moving the board to seek their permission to move production out of Chakan if the strike is not resolved within a week."
A prominent small car maker has been lobbying against quadricycles being categorised separately from cars by insisting that safety measures such as crash tests etc are made mandatory for such vehicles.
Bajaj Auto may be finally forced to launch its quadricycle, RE60, outside India, as the company is endlessly waiting for the government's permission for this type of vehicle.
Bajaj Auto has said its total vehicle sales rose 4 percent on year in October at 4.11 lakh units, with motorcycle sales rising 3 percent on year to 361,186
Besides Tata and Birla, Bajaj Auto Managing Director Rajiv Bajaj, Wipro Group chief Azim Premji and HDFC's Deepak Parekh will be amongst those interacting with students at Kashmir University.
The statement comes at a time when car makers are increasing their product prices to offset the rise in input costs.
Bajaj Auto launched the Discover 125 ST on Monday, a bike that promises performance of a sports bike and economy of a commuter motorcycle.
Rajiv Bajaj, the man behind Bajaj Auto's new strategy, thinks his business is more about marketing than product engineering.
India Inc thinks that things were actually quite good in India. It was just the media, including social media, playing 'bad guy' by magnifying bad news because "bad news sells", they said.
Bajaj didn't mince words expressing his dislike for the all-talk and no-action that emerges from such summits.<br /><br />