SEBI approves relaxed delisting norms for PSUs with over 90% government holding

The move introduces special provisions for PSUs where the Government of India and/or other PSUs hold 90% or more equity, allowing them to exit the markets through a fixed price delisting mechanism.   The Securities and Exchange Board of India (SEBI) has approved key amendments to the SEBI (Delisting of Equity Shares) Regulations, 2021, aimed…

Chetak’s surge pushes Bajaj Auto close to EBITDA break-even in EV segment

Backed by rising volumes, cost efficiencies, and PLI support, Bajaj Auto is narrowing losses that once weighed heavily on its EV portfolio.   Bajaj Auto’s electric scooter, Chetak, led the electric two-wheeler segment in the January–March quarter of FY25. Following the roaring success of Chetak, Bajaj Auto is nearing EBITDA break-even for the electric scooter…