Archer has officially acquired Wisk Aero, marking a significant shift in the aviation industry. Once rivals embroiled in a trade secret theft lawsuit, the merger signals a new chapter for both companies. This acquisition aims to enhance Archer's capabilities in urban air mobility, leveraging Wisk's innovative technology. As the aviation landscape evolves, this strategic move could reshape future developments in electric vertical takeoff and landing (eVTOL) aircraft.
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Multi-asset allocation funds vary significantly in risk profiles. Among 34 schemes, only one is rated Low risk, while five are flagged as High risk due to their portfolio mix. Investors should carefully assess these ratings to make informed decisions.
Indian investors are diversifying into overseas equities and crypto in 2026. This trend highlights a growing interest in global markets as investors seek better returns. The data indicates a strong participation in both asset classes, reflecting a strategic shift in investment strategies among Indians. As the financial landscape evolves, understanding these trends is crucial for future investment decisions.
Porter CEO Uttam Digga reveals the logistics unicorn is focusing on market expansion and EV adoption instead of rushing to go public. Despite a quadrupled net profit in FY26, the company aims for global growth, emphasizing long-term strategies over immediate stock market listings. Tiger Global Management's backing supports Porter's ambitious plans for the future.
BSE Ltd will replace Wipro Ltd in the Nifty 50 index starting September 30, 2026. This change follows a semi-annual review by NSE Indices focusing on market capitalization. Wipro will move to the Nifty Next 50 index, while BSE's inclusion highlights its superior free-float market cap. Investors should note these significant index updates.