Thu, Feb 1, 2024 2:30 PM
Nirmala Sitharaman's unique acronym twist in Budget 2024: FDI, GDP and GYAN
A Flip by Shubhangi Gupta
Chinese data center firm Zdata Technologies Co. is considering a potential initial public offering in Hong Kong, according to people familiar with the matter. The company, whose clients include JD.com Inc., TikTok-owner ByteDance Ltd. and Tencent Holdings Ltd., has held early talks with prospective advisers as it evaluates the merits of a share sale, the people said.
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The Federal Reserve cut the federal funds rate by 25 basis points to 4.50%-4.75%, while Donald Trump's presidential election win may lead to higher interest rates, inflation, and global uncertainty, but also presents opportunities for India to expand local manufacturing and strengthen its strategic positioning.
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Hyundai Motor Co. named Jose Munoz as chief executive officer, making him the first foreigner to lead the South Korean automaker as it seeks to grow outside its home country. Munoz, 59, joined Hyundai in 2019 as global chief operating officer, taking responsibility for the carmaker’s north and south American operations.
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