Apple plans electric cars by 2024
- If all goes according to plan, you could be driving an Apple car soon. The iPhone maker aims to produce self-driving electric passenger vehicles by 2024. These vehicles could be powered by the company’s new battery design that debuted in the latest Macbooks. This could reduce battery costs and increase range.
- Interestingly, in 2017, Tesla CEO, Elon Musk, had reached out to Apple CEO, Tim Cook, to discuss the possibility of Apple acquiring Tesla. However, the meeting never happened. Tesla’s market value was 1/10th the current value at that time.
Wonderla takes a joyride
- Shares of amusement park operator Wonderla gained 6.9% today after it announced that its Bengaluru park and resort will remain open on all days till 3 January 2021.
- After this date, the park will be open for four days a week, compared to three days earlier. Wonderla operates three amusement parks in Bengaluru, Kochi and Hyderabad.
Ramco Systems soars on large deal
- Software maker Ramco Systems has inked a multi-million-dollar agreement with a global Fortune 500 brand to transform its payroll management system. This is the third Fortune 500 client acquired by Ramco Systems this quarter.
- The stock was up 6.8% today, and has risen nearly 700% since June 2020. The company has bagged several orders in its HR and ERP verticals in 2020.
Tata Motors launches LCV
- Auto major Tata Motors has launched a light commercial vehicle (LCV) designed specifically for urban transportation. LCVs were among the fastest-growing segments in November, thanks to the rise in online shopping and the requirement of last-mile delivery logistics.
- Shares of Tata Motors were up 2.7% today and gained some lost ground after witnessing heavy selling earlier this week.