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President Trump and adviser Elon Musk have led an initiative to reduce the federal workforce by 9,500 employees, mainly targeting those with less than a year of service. An additional 75,000 workers have taken buyouts, with significant layoffs in departments such as Interior, Energy, Agriculture, Health and Human Services, and Veterans Affairs.
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LG Electronics is holding roadshows for its Indian unit's planned IPO, expected to raise $1-1.5 billion with a valuation up to $15 billion. The Mumbai listing, aided by major banks, follows Hyundai's record Indian IPO last year. Despite initial excitement, Hyundai's stock performance has dipped, reflecting a broader market slowdown.
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We do believe that with the reduction in taxes to boost consumption as well as interest rate cut by the RBI will certainly give boost to private investments.
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