Bajaj Electricals Acquires Morphy Richards Brand Rights In India, Neighbouring Markets
The move enables Bajaj Electricals to fully own and steer the Morphy Richards portfolio in India, Nepal, Bhutan, Bangladesh, Sri Lanka and the Maldives
The move enables Bajaj Electricals to fully own and steer the Morphy Richards portfolio in India, Nepal, Bhutan, Bangladesh, Sri Lanka and the Maldives
Bajaj Electricals said a GST appellate authority in Jaipur has upheld a Rs 61.18 lakh tax demand, including penalties, rejecting the company’s appeal against an earlier assessment order.
The reports note that the company is looking at various options for the division, which also includes a possible sale
The proposed transaction covers territorial rights across India, Nepal, Bhutan, Bangladesh, the Maldives and Sri Lanka
India’s Bajaj Electricals reported its third straight quarterly profit decline on Monday, as rising inflation impacted seasonal spending and rural demand remained weak. Consolidated net profit fell nearly 40 per cent to 373.6 million rupees ($4.5 million) in the three months ending 31 December, after falling 56 per cent and 14 per cent in the previous two quarters. In India, […]
Bajaj Electricals on Thursday reported an increase of 26.88 per cent in its consolidated net profit to Rs 61.12 crore in the third quarter ended 31, December 2022, as per company’s regulatory filing. Bajaj Electricals reported a net profit of Rs 48.17 crore for the October-December quarter of the previous fiscal in a regulatory filing. […]