Chinese court rules firms can’t lay off workers on AI grounds
A Chinese court ruled that tech firms cannot fire employees solely to replace them with AI, emphasizing that technological advancement doesn’t justify unilateral layoffs or ...
Adam Back again denies he is Satoshi, Bitcoin’s inventor
Computer scientist Adam Back, whose work influenced Bitcoin’s design, repeatedly denies being Satoshi Nakamoto. He believes the founder’s anonymity has been crucial for Bitcoin’s growth, ...
Kotak eyes Deutsche Bank’s retail assets, drops out of race for IDBI
Kotak Mahindra Bank is exploring Deutsche Bank’s retail business, having exited the IDBI Bank acquisition due to valuation concerns. CEO Ashok Vaswani emphasized that any ...
Rohit Jain appointed as RBI deputy governor
Rohit Jain, an executive director with three decades of experience at the Reserve Bank of India, has been appointed as Deputy Governor. His three-year term ...
Government notifies FDI changes on China funds
India has eased foreign investment rules, allowing up to 100% FDI in insurance and relaxing norms for investments from neighbouring countries. Companies with up to ...
War and your SIPs: Stay, pause or exit?
Indian equities experienced significant volatility as geopolitical tensions impacted markets, leading to a weaker rupee and investor caution. While fear drives knee-jerk reactions, the core ...
‘No dry outs’: Centre assures uninterrupted LPG supply, moves to ease demand with alternative fuels
The government assures uninterrupted fuel availability nationwide despite the West Asia crisis impacting global energy markets. Measures are in place to ensure 100% supply of ...
100% FDI allowed in insurance sector under automatic route, inflows for LIC capped at 20%
The central government has announced 100% Foreign Direct Investment (FDI) in insurance companies via the automatic route, enabling full foreign ownership. This move, aligning with ...
The Parmigiano vault: How Italy’s ‘cheese banks’ power a 4 billion euro industry
In Emilia-Romagna, Italy, hundreds of thousands of wheels of Parmigiano Reggiano cheese are stored in climate-controlled warehouses, serving as valuable collateral for loans. This unique ...
Oil’s well: Venezuela’s crude exports hit highest since 2018 — India, US and other buyers line up
Venezuela’s crude exports surged 14% to 1.23 million barrels per day in April, reaching their fastest pace in over seven years. This increase, driven by ...