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VVDN Technologies aims for an Initial Public Offering. This move follows a target of one billion dollars in annualised revenue. The company is setting up manufacturing in the UAE and the US. This strategy helps manage tariffs and meet local sourcing demands. VVDN is expanding its production capabilities to meet growing orders. The company is a design-led electronics manufacturer.
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Indian markets saw a pause as American stocks ended lower. Investors are now focused on upcoming corporate earnings and clues from the Federal Reserve about interest rate cuts. The market awaits signals on economic health and future monetary policy. This period of consolidation precedes a crucial earnings season, with major banks set to report results soon.
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Oil prices saw little change in early Asian trade as a Gaza ceasefire deal between Israel and Hamas reduced war risk premiums. Brent crude futures edged up to $65.31 a barrel, while WTI crude rose to $61.63.
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