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Synopsis Pawan Munjal-led Hero MotoCorp is the market leader in internal combustion engine motorcycles and scooters, and has recently announced its foray into EVs. Hero Electric, run by Naveen, has claimed that only his branch of the broader Munjal family has the right to use the term ‘Hero’ for electric products, and no other family member has that right. Hero MotoCorp has plans to launch its first EV in the fourth quarter of this fiscal. Differences seem to be brewing between two factions of the Munjal family, with a top source close to the Pawan Munjal branch saying the decade-old ‘family agreement’ of the Munjals does not place curbs on ....
Explore Now NEW DELHI: Nifty ended above the 13,550 level on Monday but formed a Doji candle on the daily chart, hinting indecision in the markets. Rohit Singre of LKP Securities said, the Nifty has formed a good base near 13,500-13,440 zone. We may see bullish momentum to continue towards immediate hurdle zone of 13,600-13,650 zone. Below 13,400 zone we may see some immediate trend reversal. Support for Nifty Bank is coming near 30,500-30,200 zone and resistance is coming near 31,000-31,200 zone, he said. Vinod Nair of Geojit Financial Services said, the domestic market is expected to gain its momentum from the global market, due to an eventful week ahead with Britain and the EU moving for a no-deal Brexit and the US markets awaiting the outcome of the Fed meeting. ....