Company Overview and News
The festive days in the run-up to Diwali gave motorcycle-specialist Bajaj Auto a 25% bump-up in retail volumes. A chunk of it came from low-end, budget bikes like CT100 and Platina. But for Bajaj Auto, which prides itself on the 20% EBITDA margin every quarter, both the bikes generate single-digit margin. In fact, the CT100 is EBITDA negative, according to the company’s chief financial officer. So why does this Pune-based, India’s fourth largest two-wheeler maker, continue to produce a loss-making product? Read here to find out (26-0)
Lahore: The National Accountability Bureau (NAB) has begun fresh investigations to prepare four references against ousted prime minister Nawaz Sharif’s family in accordance with the July 28 Supreme Court verdict for his disqualification.
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