Bajaj Finserv is to investigate listing its insurance businesses after paying Rs 24,180 crore to acquire Allianz’s 26 percent share in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance. There is a regulatory push for the IPO of larger insurance companies, according to Sanjiv Bajaj, chairman and managing director of Bajaj Finserv. After receiving…
Benchmark indices, the Sensex and Nifty 50, ended the market’s decline by staging a robust recovery from oversold territory, ending the March 5 session with gains of about 1%. In addition, the Nifty 50 is poised to end its 10-day losing streak, which is a first for the market. Outpacing losses in a few index…
According to a Bloomberg article, the Bajaj Group is purportedly preparing to enter the healthcare industry with a possible investment of ₹100 billion (about $1.1 billion) to start a network of hospitals. To build a network of hospitals, comprising both high-end and low-cost facilities, the corporation intends to invest these funds in stages. It was…
Following the release of steady Q2 earnings data, Bajaj Finance shares increased 6.1% to an intraday high of Rs 7,088. Bajaj Finance was also the biggest gainer in the Nifty 50. As of right now, the stock is 10% below its 52-week peak of Rs 7,884.90, which it simultaneously reached on October 23, 2023. The…
The BSE Sensex is currently trading at 49,687.54, up 743.4 points, or 1.52%. The Nifty 50 is currently trading at 196.70 points, or 1.34%, at 14,849.75. The Nifty Bank was up 2.32% at 33,493.95 and the Mid Cap Index was trading at 1.53%. Bajaj Finance, Bajaj Finserv, Eicher Motors, IndusInd Bank, and Kotak Bank were…
