Current Affairs - Business

Hero MotoCorp, a well-known motorcycle manufacturer, is planning to invest Rs 900 crore in Altigreen Propulsion Labs, a leading startup in India's electric 3-wheeler market. This strategic investment aims to enhance Hero MotoCorp's position in the growing electric vehicle sector, particularly in the last-mile delivery segment, where Altigreen's electric cargo 3-wheelers have already gained traction with over 5,000 units sold. This move highlights Hero MotoCorp's commitment to sustainable transportation solutions and its efforts to strengthen its competitiveness in the industry.

Reliance Industries Limited (RIL) made history by becoming the first Indian company to achieve a consolidated turnover of ₹10,00,122 crore for the financial year 2023-24. This landmark achievement underscores RIL's dominant position in the Indian corporate sector. Alongside this revenue milestone, the company reported an EBITDA of ₹1,78,677 crore and a net profit of ₹79,020 crore, with significant contributions from its export business, which recorded ₹2,99,832 crore.