New Delhi, March 19 -- The Board has extended Rajivnayan Rahulkumar Bajaj's tenure as Managing Director and Chief Executive Officer for another five years, starting April 1. Additionally, Abhinav Bindra has been appointed as a Non-Executive Independent Director for a five-year term, effective May 20. The Board also approved an additional investment of up to Rs.1,500 crore into its subsidiary, Bajaj Auto Credit, to be disbursed in one or more installments.

Hero MotoCorp has announced a joint venture with Germany's Schmiedetechnik Plettenberg GmbH & Co. KG to produce forged powertrain components in India for international markets.

The pharmaceutical company has obtained final approval from the U.S. Food and Drug Administration (FDA) to pr...