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Rahul Bajaj's parting shot: Lockdowns ruin businesses


Rahul Bajaj s parting shot: Lockdowns ruin businesses
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Last Updated: Jul 01, 2021, 07:40 AM IST
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Synopsis
Lockdowns to contain the Covid-19 pandemic destroy businesses, jobs and the economy without necessarily controlling the spread of the disease, Rahul Bajaj, former chairperson of Bajaj Auto, said in his last letter to shareholders.
Agencies
Lockdowns to contain the Covid-19 pandemic destroy businesses, jobs and the economy without necessarily controlling the spread of the disease, Rahul Bajaj, former chairperson of
Bajaj Auto, said in his last letter to shareholders. The octogenarian retired in May after chairing the company s board for 49 years.
“Let us also hope that we do not react to the epidemic by declaring more lockdowns, as we did the last time,” he said in the company’s latest annual report. ....

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More lockdowns will destroy business, jobs and the economy: Rahul Bajaj

More lockdowns will destroy business, jobs and the economy: Rahul Bajaj
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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Rahul Bajaj Resigns as Chairman of Bajaj Auto, Will Become Chairman Emeritus


Rahul Bajaj Resigns as Chairman of Bajaj Auto, Will Become Chairman Emeritus
Moneylife Digital Team
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Industrialist Rahul Bajaj has resigned as non-executive director and chairman of Bajaj Auto Ltd due to age. The company board has appointed him as chairman emeritus for next five years. Niraj Bajaj has replaced Rahul Bajaj as chairman of the company. 
 
In a regulatory filing, Bajaj Auto says, Rahul Bajaj, non-executive chairman of the company, considering his age, has tendered his resignation as non-executive director and chairman of the company with effect from close of business hours on 30 April 2021. In place of Rahul Bajaj, the outgoing chairman of the company, Niraj Bajaj, non-executive director of the company has been appointed as chairman of the company with effect from 1 May 2021. ....

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Rahul Bajaj steps down as chairman and non-executive director of Bajaj Auto


Rahul Bajaj on Thursday stepped down as the chairman and non-executive director of Bajaj Auto. He will be replaced by Niraj Bajaj.
Rahul Bajaj has been at the helm of the two-wheeler major since 1972 and the group for five decades. In a regulatory filing to the bourses, Bajaj Auto said that Rahul Bajaj has tendered his resignation considering his age.
At its meeting held on Thursday, the board of directors, as recommended by the nomination and remuneration committee, has approved his appointment as chairman emeritus for a term of five years from May 2021.
Last year, Rahul Bajaj had decided to give up his executive role to become a non-executive director while holding the position of the chairman. ....

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