Hero MotoCorp is in advanced talks to invest up to ₹900 crore in Bengaluru-based Altigreen Propulsion Labs, a maker of electric three-wheelers. This strategic move will allow Hero to enter a growing market segment, competing with Mahindra & Mahindra and Bajaj Auto. Due diligence has been completed, and a deal announcement is anticipated soon.
Tata Sons is considering new board appointments with Bhaskar Bhat retiring and Ralf Speth stepping down soon. Bhaskar Bhat may remain in an advisory role until the Air India-Vistara merger. The board will also review new management appointments as several executives have retired or exited. Tata Sons saw a 57% profit increase in FY24.
Infosys, a major IT player on the Sensex, has seen a remarkable 36% increase in its stock price from May 30th to August 30th, 2024. It has maintained a steady uptrend since surpassing its February 2024 high, consistently setting higher lows over the past 5 weeks. This momentum pushed the stock price beyond its previous peak of Rs 1,959, recorded in January 2022, signalling a potential for further upward movement.
Kamala Harris and Donald Trump are ramping up their efforts to reach out to electorates in battleground states.
The connection between Meryl Streep and Martin Short on screen and her recent separation have people speculating about their off-screen romance. Streep and Short are the buzz of Hollywood these days.
Astronomers discovered a reference to a solar eclipse in the Rig Veda, dating back around 6,000 years. This makes it the oldest known mention of an eclipse, offering insights into early human astronomical observations.
