Key Developments: Bajaj Auto Ltd (BAJA.BO)

BAJA.BO on Bombay Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Bajaj Auto Ltd secures repeat order
Friday, 19 Dec 2014 07:23am EST 

Bajaj Auto Ltd:Says through its distributor David Pieris Motor Company Ltd. in Sri Lanka had secured, after a detailed evaluation process by the Government of Sri Lanka, an Order from them for supply of approx. 50,000 (numbers) Discover-125M motorcycles.Says it has already supplied 48,000 (numbers) successfully against this Order.Says it now secured a repeat order from them through its Distributor in Sri Lanka for the supply of 0.125 mln (numbers) Discover-125M, which its expects to execute in next 3-4 months.  Full Article

Bajaj Auto Ltd recommends dividend
Thursday, 15 May 2014 03:55am EDT 

Bajaj Auto Ltd:Recommends dividend of 50 rupees per share (500 pct) subject to approval of shareholders.  Full Article

Bajaj Auto Ltd updates on propose to call for a stoppage of work by all the workmen employed in Chakan plant
Tuesday, 29 Apr 2014 12:21am EDT 

Bajaj Auto Ltd:Receives notice dated April 27 from the workmen's union of its Chakan plant viz., Vishwa Kalyan Kamgar Sanghatana stating that the stoppage of work in the Chakan plant of the company has been postponed to May 15.Says a copy of the notice received from the said union is attached.  Full Article

High Court rejects Bajaj Auto Ltd Union plea for pay hike-Business Standard
Friday, 25 Apr 2014 08:20am EDT 

Bajaj Auto Ltd:The Bombay High Court has rejected a plea of the Chakan plant union for an interim pay hike when a writ petition filed by Bajaj Auto came up for hearing-Business Standard.The workers union prayed the High Court to grant 10,000 Indian Rupees per month per worker as an interim relief, which was subsequently declined.  Full Article

Bajaj Auto Ltd unveils concept car-Business Line
Wednesday, 5 Feb 2014 06:30am EST 

Bajaj Auto Ltd:unveils 'U', a new concept car at the 12th Auto Expo-Business Line.The four-wheeled two-seater, a four-valve, triple spark engine that will run on gasoline.The Pune-based motorcycle major has also launched the Pulsar 400 and the cruiser Pulsar CS 400.  Full Article

KTM To Manufacture Husqvarna In Bajaj Auto Ltd's Chakan Facility In Two Years - Business Standard
Wednesday, 20 Nov 2013 10:16am EST 

Business Standard reported that Austrian sports motorcycle maker KTM Sportmotorcycles AG plans to manufacture Husqvarna bikes at partner Bajaj Auto Ltd's Chakan facility in the next two years.  Full Article

Bajaj Auto Ltd Union Calls Off Strike-Business Standard
Tuesday, 13 Aug 2013 05:17am EDT 

Business Standard reported that the 50 day workers’ strike at Bajaj Auto Ltd’s Chakan plant in Maharashtra has finally come to an end, even though none of the employees’ demands was met. The company management and union leaders have confirmed that the strike has been called off. Around 1,500 employees, including 600-odd contract and temporary workers, have stopped work at the Chakan plant since June 25. They are demanding wage revision, better work conditions, withdrawal of "fake and flimsy" cases slapped on 21 employees and huge stock options. None of the demands have been fullfilled by the management.  Full Article

Maharashtra Labour Minister May Call Bajaj Auto Ltd To Resolve Stir-The Economic Times
Thursday, 11 Jul 2013 01:58pm EDT 

The Economic Times reported that Maharashtra labour minister Hassan Mushrif is likely to call the Bajaj Auto Ltd's management next week for a meeting to resolve the workers' strike at Chakan plant that entered the 17th day. After a meeting with the union leaders here, the minister told reporters that he has asked the chief labour commissioner to hold talks with the management and union in Pune.  Full Article

Pune Labour Commissioner Issues Show Cause Notice To Bajaj Auto Ltd-Business Standard
Tuesday, 9 Jul 2013 10:14am EDT 

Business Standard reported that the Pune labour commissioner has issued a show cause notice to Bajaj Auto Ltd for allegedly employing workers who are not licence holders and trainees at production line in its Chakan plant, where existing employees have been on a strike since June 25. According to sources, the Company has been given three days time to respond to the notice, which followed a complaint from the workers' union. The union alleged that the Company started using workers, who do not have license, at production line following the strike by its existing employees. It further said using of 'learn-and-earn' trainees by the Company for full time production was in violation of the state's labour laws. Under the 'learn-and-earn' scheme of Maharashtra, a trainee is given a diploma after completion of a four-year course, which comprises both theory and practical training. The trainee has to obtain 4 hours of practical training and 4 hours of theory classes each working day. The union alleged that the trainees have not been given theory classes and instead are being used for production purposes full time by the Company. When contacted, a Bajaj Auto official said the Company is not aware of such a development and declined to comment.  Full Article

Workers' Strike At Bajaj Auto Ltd's Chakan Plant Continues For Second Day-The Economic Times
Thursday, 27 Jun 2013 12:41am EDT 

The Economic Times reported that the production at Bajaj Auto Ltd's Chakan plant near Pune remained crippled as the agitation by Company's nearly 2,000 employees over wage revision and other demands continued for the second day. They also said there were no indications from the management about holding talks to resolve the issue so far. The plant has 925 permanent workers, besides 1,000 temporary and contractual employees and trainees. These 1,000 workers are also demanding permanent employment. The Union's demands include 25% wage hike, permanent employment for contractual workers, reinstatement of some suspended employees and bringing back to Chakan plant those transferred outside. It is also demanding that workmen be given an option to subscribe to 500 equity shares of the Company at a discounted price of INR1 per share.  Full Article

Indian shares fall for second consecutive session; RBI holds rates steady

MUMBAI, Dec 2 - Indian shares fell for a second consecutive session on Tuesday, as software stocks declined on rupee strength and as investors booked profits after the central bank kept interest rates unchanged, although signalling a potential easing by early 2015.

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