South Korean auto major Hyundai Motor Company is taking the next big step with the IPO of its Indian arm which shows its commitment to the country, Hyundai Motor Group Executive chair Euisun Chung said on Tuesday. Speaking at the listing ceremony of Hyundai Motor India Ltd (HMIL), Chung also said that the IPO also shows HMIL is a key part of India.
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BlackRock launches two new ETFs focused on artificial intelligence, aiming to capitalize on the growing trend, with one investing in global AI and tech stocks and the other in global technology companies across sectors. The move is part of the asset manager's efforts to offer thematic ETFs, despite mixed demand in recent months.
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PACCAR Q3 Earnings Beat Estimates, Stock Dips Amid Lower Deliveries. PACCAR Inc. (NASDAQ:PCAR) shares are trading lower on Tuesday. The company reported third-quarter earnings per share of $1.85, beating the street view of $1.82. Quarterly sales of $7.70 billion, beating the analyst consensus estimate of $7.65 billion. PACCAR achieved net income of $972.1 million.
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