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Mercedes-Benz sales continue to zoom Singur minus Nano – victory or folly? Tata Motors charts investments in PV and CV businesses Shriram Life clocks more than Rs.1000 crore premium in 2015-16 IOB on turnaround path PPP model for infrastructure development V-Guard launches app-enabled water heater system TVS Srichakra plans capacity expansion Titan Company – sales recovery to kick in Daimler’s truck exports from Chennai cross 5000 units When small is not so beautiful… RoC in the dock... Rane targets Rs.5500 crore topline by 2018-19 Solar installations exceed 2015 capacity in five months New India Assurance posts impressive show AL secures orders for 3600 buses Forging industry worried over lower supply of steel and its price A welcome initiative-even critics are recognised Maruti – for young buyers Ode to Ratan Tata Daimler grows sales and share in India PSU non-life firms seek to protect share Smooth sailing of SAIL Dish TV – subscriber additions encouraging Sivasankaran enters taxi space to take on Uber and Ola Carnival Films acquiring 3000 screens pan India Welcome focus to improve rural India... Preparing for the next growth curve Record two-wheeler sales AL introduces Guru & Partner Toyota and Suzuki to introduce EVs in India by 2020 Hyundai India achieves 7 mn production at Chennai factory E.I.D Parry (India) Ltd: another sweet year Bajaj Finserv – Q1: fare well Chinese smart phones flourish in small towns too! Increasing market share LVB posts 31 per cent growth in Q1 net profit Sundram Fasteners rejigs international Emami – a new growth mantra Hindalco – re-rating Tata gets 4-star rating for Zest Tata Motors joins compact SUV bandwagon with Nexon Housing demand revival Tata Motors aims to be among the Top 3 global CV & PV firm L&T bags the Mumbai Trans-harbour link order Vellayan is back, after 150 days L & T’s floating dock for navy Smartphone onslaught by Chinese brands L&T profit up by 11 per cent Back in growth mode Kone India eyes further growth in elevator market ITC – steep excise hike Eyes strong growth in 2016-17 Right to privacy – now it’s fundamental! The unexpected exit CAPITAL NOTES Consolidating leadership position in smartphones From the toughest to the best year Ponni Sugars (Erode) Ltd: not so sweet 2012-13 Wabco launches safety system TI Cycles plans retail expansion to drive sales for premium bicycles L & T set bigger ambitions in defence business Land wars Gamesa to set up a plant in Nellore Are they really independent? TVS Automobile invests Rs.75 crore in start-up firms Yamaha unveils scooter boutique It takes two to tango TN government keen on revival of operations at Nokia complex Michelin to double Chennai capacity AL wins Deming prize again Is this a generation gap? ITC chairman calls for policy impetus to transform agriculture Tata Steel, ThyssenKrupp sign MoU to merge European units Hyundai to focus on SUVs and AMT variants 29 per cent jump in TCS revenues Nissan exit shouldn’t affect ALL Last stages Aurobindo Pharmacy: good turnaround M & M unveils driverless technology for tractors Tata Motors bets on new launches The gainers and the losers A niche in FMCG business... He excels in the nuts and bolts of entrepreneurship HPCL plans Rs.61,000 crore capex over 5-years
 
Bajaj Finserv – Q1: fare well

Among the 3 key businesses of Bajaj Finserv, general insurance and lending fared well while life insurance remained weak in Q1, FY15. We expect consistent performance from lending and general insurance business to continue and life insurance business growth to pick up in Q2FY15.

 Bajaj Allianz General Insurance: Gross written premium grew 7 per cent YoY, which is higher than private general insurance industry average.

Bajaj Allianz Life Insurance: Business growth was weak due to recent regulatory changes. Management focus on improving persistency is now bearing fruits as decline in renewal premium slowed (down 9 per cent vs. 39 per cent in Q1FY14).

Bajaj Finance: Overall loan growth (AUM up 40 per cent YoY, disbursements up 48 per cent YoY) was much above our estimate led by Consumer and SME segments. However, management expects growth rates to normalise and maintains its earlier guidance of 20-25 per cent business growth for FY15.


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