Vishal Sikka-founded Hang Ten Systems raises $53 mn
India Business News: Hang Ten Systems, founded by ex-Infosys CEO Vishal Sikka, raised $53M led by Temasek-backed Xora, bringing total funding to $85M for AI enterprise services expansion.
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Fed hikes interest rates by quarter-point
The Federal Reserve raised interest rates Wednesday for the first time in several years in the face of stubborn inflation. The central bank’s Federal Open Market Committee (FOMC), under Fed Chair Kevin Warsh, voted unanimously to increase the federal funds rate to a range of 3.75 percent to 4 percent. It marks the first time the…