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HDFC unit HDB Financial Services approves raising Rs 2,500 cr via IPO

HDB Financial's listing follows the country's central bank norms introduced in 2022, which required large non-banking financial companies (NBFC) to be listed on stock exchanges by September 2025

Ukraine 'victory plan' depends on quick decisions by allies: Zelenskyy

Zelenskiy told a joint press conference with von der Leyen that Ukraine planned to use a proposed multi-billion dollar European Union loan for air defence, energy and domestic weapons purchases

Taiwan, Bulgaria deny links to exploding pagers in Lebanon, probe underway

How or when the pagers were weaponised and remotely detonated remains a public mystery and the hunt for answers has involved Taiwan, Bulgaria, Norway and Romania

Tech giants embark on final push to dilute European Union's AI Act

EU lawmakers in May agreed the AI Act, the world's first comprehensive set of rules governing the technology, following months of intense negotiations between different political groups

For Sri Lanka's ethnic minority Tamils, election does not offer hope

Traditionally, Tamils have voted for Tamil parties which are active in northern Sri Lanka

Nippon Steel to sell $211 mn in assets to manage debt amid US Steel deal

The Japanese company's debt-to-equity ratio is expected to increase to 0.9 from 0.5 as a result of the US Steel deal which both companies target to close by the end of December

Huawei's $2,800 tri-fold phone hits stores as people face supply concerns

Another eager consumer surnamed Guo said he took a day off from his job in manufacturing to queue from Thursday night

Malaysia announces tax breaks, incentives for Forest City development

Forest City, a joint venture between the embattled Country Garden and a private Malaysian company backed by the country's king, has been beset by problems

India palm oil output to triple in 6 years as farmers plant more: Agrovet

India currently imports around 16 million tons of vegetable oils per annum, including 9 to 10 million tons of palm oil, mainly from Indonesia, Malaysia and Thailand

China adds 9 million tonnes of new fuel export quotas for rest of 2024

China's product export quotas are watched by the industry as they impact supply and refiners' margins in the region

China's monthly reports understate power output as renewables surge

The data is also masking some of the progress by the world's top greenhouse gas emitter in reducing the share of coal

US elections: Harris joins Oprah in emotional virtual campaign event

Natalie Griffith, a 15-year-old student from Apalachee High School in Georgia who was shot twice while in math class two weeks ago, sat with her parents in the front row

Hacker uses Telegram chatbots to leak data of Indian insurer Star Health

The Star Health chatbots feature a welcome message stating they are "by xenZen" and have been operational since at least Aug. 6, said UK-based security researcher Jason Parker

Nike veteran Elliott Hill to replace John Donahoe as CEO; shares jump

Hill was at Nike for 32 years and held senior leadership positions across Europe and North America where he helped expand the business to more than $39 billion, the company said

Hershey lays off some workers, move affects less than 1% of employees

In a statement related to the layoffs, Hershey said it remains focused on transforming its business

Asian shares extend rally, yen edges higher as BOJ holds rate steady

With more easing to come, investors are wagering on continued US economic growth

Disney to stop using Salesforce-owned Slack after hack exposed company data

The company had said in August it was investigating an unauthorized release of over a terabyte of data from one of its communication systems

Taiwan questions head of pager firm linked to recent Hezbollah blasts

Another person also seen leaving the prosecutors office was Teresa Wu, the sole employee of a company called Apollo Systems Ltd, who did not speak to reporters as she left the prosecutors

Social media users lack control over data used by AI, says US FTC

Discord, a communications platform, said the report lumps very different business models into one category, and that it did not offer advertising at the time the study was conducted

EU regulator backs use of Novo's Wegovy for obesity related heart condition

It also improved physical limitations and exercise function in patients with the condition, Novo said