MAM
Bajaj Finserv adorns new logo
MUMBAI: Bajaj Finserv, the financial services arm of the Bajaj Group, has adorned a new logo that encompasses the group company‘s business activities as well as project growth.
The new version will hold the current Bajaj logo and style intact above with a new 3D seal of the letters B and F, making the financial services part a distinct standout.
While the blue colour in the logo will stand for confidence, strength and ambition of the company, the blue ball will symbolize the globe, with a primary focus on India.
The new logo has been crafted by Indi Design creative director and CEO Sudhir Sharma.
Says Bajaj Finserv Ltd MD Sanjiv Bajaj, “Across our running business, you will see advertising across all mediums, which would also include websites, including our own.”
Meanwhile the company is also planning to enter the wealth management business in the second-quarter of 2010.
“The new business plans of the company are in tune with their overall dream of becoming a complete financial services company. They also hope to someday start a bank as well. As of now the company is debt free and has cash reserves of up to Rs 9000 million. They are considering getting into the wealth management business with Allianz, subject to the legal conditions and procedures,” Bajaj informs.
The company is hoping that once it takes off in these new lines, it will be able to integrate and make all people associated with any of the Bajaj brands part of the financial services business.
Brands
Maharashtra panel orders Lodha to refund Rs 5 crore to homebuyers
Consumer court flags unfair practices in long-running property dispute case
MUMBAI: In a sharp rebuke to one of India’s biggest real estate players, the Maharashtra State Consumer Disputes Redressal Commission has directed Macrotech Developers to refund nearly Rs 5 crore to a senior citizen couple, Uttam and Anindita Chatterjee. The ruling, delivered on March 13, 2026, calls out the developer for “deficiency in service” and “unfair trade practices”, bringing closure to a dispute that has stretched over a decade.
The case traces back to 2015, when the couple booked a 3-BHK flat at World Towers in Lower Parel for Rs 12.22 crore, with possession promised within a year. What followed was a series of changes that complicated matters. After deciding to exit the project, they were persuaded to shift to a 4-BHK in another development priced at Rs 8 crore, with delivery scheduled for 2018. However, within months, the price was allegedly increased to Rs 10 crore. After demonetisation reshaped the market, similar flats were reportedly being offered at lower prices, but the couple were not given the benefit.
Despite paying over Rs 2.83 crore, the couple neither received possession nor clarity. Instead, in 2018, the developer unilaterally cancelled the booking, retained part of the amount as earnest money, and argued that the buyers were investors rather than consumers. The commission rejected this claim, observing that casual references to “investment” do not take away consumer rights when the purchase intent is residential.
The bench also held that the developer could not penalise buyers for payment delays while failing to meet its own delivery commitments. It noted the lack of formal documentation for revised terms and termed the prolonged retention of funds without delivering a home as exploitative.
As part of its order, the commission directed the developer to refund Rs 2.83 crore paid by the couple, along with interest at 10 per cent per annum, amounting to around Rs 2.12 crore. In addition, Rs 1 lakh has been awarded for mental agony and Rs 50,000 towards litigation costs, taking the total payout to over Rs 5 crore. The developer has been asked to comply within two months.
For now, the ruling serves as a reminder that in real estate, shifting terms and delayed promises can carry a significant cost.
