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Bajaj Auto to pump Rs 3,000 crore into finance subsidiary

Bajaj Auto, India s leading two-wheeler (2W) and three-wheeler (3W) maker, is scaling up its wholly owned finance subsidiary, Bajaj Auto Credit Ltd (BACL), with an investment of more than Rs 3,000 crore planned over the next two financial years, company s managing director Rajiv Bajaj said.

BACL has already started commercial operations, Bajaj recently said on the sidelines of the group s CSR identity event.

According to rating agency CRISIL, BACL s operations began on January 1 after receiving its licence from the Reserve Bank of India (RBI) in August last year. ....

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HDFC Bank vs ICICI Bank: Stock price targets, technicals, valuation, financial metrics and more

Shares of country’s top two private sector lenders HDFC Bank Ltd and ICICI Bank Ltd are trading near their 52-week low and 52-week high, respectively. Shares of HDFC Bank, which is India’s largest lender in terms of market capitalisation and assets, are down 16% this year. The weakness in the Sensex heavyweight came even as the lender reported a 34 per cent rise in its standalone net profit to Rs 16,373 crore in Q3 against Rs 12,259 crore in the corresponding quarter of the previous fiscal year. The stock fell to a 52-week low of Rs 1363.45 on February 14, 2023. In the current session, the HDFC Bank stock was trading at Rs 1,422 mark against the previous close of Rs 1422.25 on BSE. ....

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Sai Silk (Kalamandir) sails through on last day of bidding; issue booked over 3x so far

Sai Silks was incorporated in 2005, and provides ethnic apparel and value-fashion products for men, women and children across all major segments.
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