UwidoNews

Axis Bank's Executive Director, Hemant Kaul has resigned from the bank to join as the Chief Executive Officer of Bajaj Allianz GeneralInsurance effective from December 1.

Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance both posted profits for FY09, despite deteriorating market conditions.Bajaj Allianz Life Insurance posted profit of Rs45 crore in FY09 against a loss of Rs16 crore in the year-ago period, a release here on Wednesday stated.

At Bajaj Allianz, we realise that you seek an insurer whom you can trust. Bajaj Finserv Limited ,is a part of Bajaj group ,which is a trusted name for over 55 years in the Indian market and Allianz SE has over 110 years of global experience in financial services. Together we are committed to provide you with time tested and trusted financial solutions that provide you all the security you need for your investments.

Shikha Sharma, the MD of ICICI Prudential Life Insurance, the largest private sector life insurance company, has been appointed as the new
managing director and CEO of Axis Bank, the third largest private sector bank. Incidentally P J Nayak, Chairman & CEO of the bank has put in his papers after dissenting on the decision. He was keen on Hemant Kaul, one of the executive directors of the bank, succeeding him.

Bajaj Auto is gearing up to roll out a new Bajaj Pulsar in India on 9th December. According to insiders, the company is to launch this new bike, Bajaj Pulsar 135, after the gala success of Bajaj Discover100. This new Bajaj Pulsar will be the youngest member of Pulsar range.

Bajaj bikes cover the market with Bajaj Motor Cycles, and Bajaj Scooters. Around nine Bajaj bikes address the market across these two categories motorbikes, and scooters. All Bajaj two wheelers run on petrol and have a decent mileage. Bajaj bikes include..

Bajaj Auto, the second largest two-wheeler maker in India, is hoping to sell around 85,000 units of Pulsars a month in India with the introduction of New Bajaj Pulsar 135 LS. At present, the company sells 50,000 Pulsars in a month. Now, Bajaj hopes to sell 35,000 more units of the flagship model. The monthly target will help them to touch goal of one million per year in 2010-11 for the Bajaj Pulsar brand.

Axis Bank has become the new price warrior in the car loan segment. The third-largest private sector bank has slashed interest rates by around 150-200 basis points in the past one month in select southern markets.

Bajaj Auto launched its 135cc Pulsar bike for Rs.51000 (ex - showroom Delhi).