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Strategy News
HRKatha
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Tamil Nadu doubles festival advance for government staff
- Tamil Nadu government raises festival advance for employees from Rs 10,000 to Rs 20,000 as announced by Chief Minister MK Stalin.
- The initiative benefits government employees, school teachers, and staff working in local bodies and aided educational institutions.
- This increase follows a previous revision in 2019 when the festival advance was doubled from Rs 5,000 to Rs 10,000.
- The process for applying, approving, and recovering the advance remains the same, with it being disbursed as an interest-free loan with fixed recovery through monthly deductions.
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HRKatha
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Bengaluru corporate employee’s burnout story strikes a chord online
- A corporate professional from Bengaluru shared his burnout story on Reddit, sparking widespread conversation.
- He revealed working 14 to 16-hour days, sacrificing personal life which led to health issues and emotional exhaustion.
- Despite having a supportive partner and family, he felt guilty and disconnected, neglecting personal time and health.
- The post resonated with many, highlighting the toll of unchecked ambition in modern work culture, prompting discussions on work-life balance.
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Medium
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Stop Wasting Design Time…
- Psychologists call the peak-end rule, where endings have a significant impact on how people perceive products.
- Users remember peak moments and endings more than individual interactions.
- Examples like TurboTax, Airbnb, and Peloton show how nailing the endings can enhance user experience and memory.
- Creating meaningful peak moments and endings in products is crucial for building lasting memories and user loyalty.
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HRKatha
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DHL to close Ontario facility; lay off 364 employees
- DHL is closing its Ontario facility, leading to the layoff of 364 employees. The decision is due to changes in a client's distribution strategy.
- The Ontario facility will start phasing down operations from July 1, 2025, with a complete shutdown by the end of August. Various roles, including managers, supervisors, mechanics, and warehouse workers, are affected.
- The closure is a result of a client relocating part of its operations, rendering the Ontario facility unnecessary for DHL. This is reflective of broader changes in the logistics industry amidst rising costs and evolving customer demands.
- The closure signifies a move towards automation and digital integration in logistics, posing challenges for traditional roles amid industry innovation.
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Bitcoinist
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Bitcoin Blast: Strategy Pumps Fresh $1.34 Billion Into Its Crypto Coffers
- Strategy purchased 13,390 BTC for $1.34 billion at an average of $99,856 per coin, bringing their total to 568,840 BTC, approximately 2.7% of Bitcoin's 21 million-coin cap.
- The company's average cost per coin has risen from $68,550 to $69,287, impacting their potential for breaking even as Peter Schiff warns of possible losses if Bitcoin falls below their weighted cost.
- Strategy highlights a 15.5% Bitcoin yield YTD 2025, with recent purchases showing quick returns such as a 9.32% gain on a May 5 buy and 12.47% on an April 28 purchase.
- The company's use of debt and equity to fund purchases presents risks if Bitcoin prices decline. While holding $39.41 billion spent at an average of $69,287 per coin, current value near $104,000 poses unrealized gains of about $19.8 billion.
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HRKatha
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People-first approach: Not a nicety but a necessity
- Embracing a people-first approach in organizations is not just a philosophy but a necessity for thriving and success.
- Leaders need to engage with their teams, promote transparency, and create a culture of trust and collaboration.
- Continuous learning, upskilling, and providing opportunities for decision-making empower employees for current challenges and future possibilities.
- Creating a people-first workplace involves fostering inclusion, well-being support, and regular recognition to build a resilient and successful organization.
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HRKatha
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A Nordic food giant’s HR strategy balances culture & coherence
- Orkla India, a Nordic investment company owning heritage Indian brands, has crafted a workforce strategy blending tradition with modern governance.
- With a decentralized approach, Orkla allows its business units to tailor strategies to regional diversity, aligning with long-term business goals.
- Maintaining HR consistency across diverse manufacturing facilities posed challenges, met through skill standard benchmarks and continuous improvement culture.
- Orkla focuses on talent development, with nearly half of the blue-collar workforce comprising women and internal mobility being a priority.
- Investing in digital transformation alongside traditional values, Orkla upskills its workforce for an automated future, emphasizing performance metrics ownership.
- Orkla India balances tradition with digital imperatives, emphasizing values-based engagement, cultural celebrations, and sustained recognition.
- The company's approach serves as a recipe for blending cultural nuances with global HR standards, offering a model for others to adapt in the manufacturing sector.
- Orkla's strategy highlights the importance of honoring local contexts while maintaining global standards for authentic market engagement in India.
- As multinationals seek market engagement in India, Orkla's approach showcases the significance of balancing culture and systems in HR strategies.
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HRKatha
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32
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Reliance Nippon Life gets Ruchi Abrol as head-talent acquisition
- Reliance Nippon Life Insurance appoints Ruchi Abrol as head of talent acquisition.
- Abrol joins from Pramerica Life Insurance, where she previously served as head of distribution HR since 2023.
- With over two decades of HR experience, Abrol brings expertise in talent strategy, engagement, and performance management.
- Known for motivating and recognizing team members, Abrol is expected to be a valuable addition to Reliance Nippon Life.
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HRKatha
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268
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Karan Bhatia appointed director-HRBP, PayU
- Karan Bhatia has been appointed as the new director-HR business partner at PayU.
- Bhatia has prior experience in HR roles at companies like Publicis Groupe, MakeMyTrip.com, Innoplex, Rivigo, and Ola.
- He holds a bachelor's degree in hotel management and an MBA from Guru Gobind Singh Indraprastha University.
- Bhatia expressed his excitement to contribute to PayU, a company that is redefining the future of payments globally.
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HRKatha
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319
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Is Nissan gearing to lay off 20,000 employees globally?
- Nissan plans to trim its global workforce by 15 per cent, which may affect 20,000 employees.
- Company facing record losses due to low sales in China and US, expecting net losses of $4.74 billion to $5.08 billion.
- Struggling with debts, Nissan is undergoing massive business restructuring plan, shutting down plants and dropping factory plans.
- Company had revealed intentions to shut down three plants by June, drop plans for a billion-dollar EV battery factory in Japan.
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HRKatha
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255
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Star Health elevates COO & CMO to whole-time directors
- Star Health and Allied Insurance has elevated its COO and CMO to whole-time directors, designating them as key managerial personnel.
- Amitabh Jain, the COO with over 25 years of experience, is known for his operational excellence and strategic growth. He holds an engineering degree, MBA, and CFA charter.
- Himanshu Walia, the CMO, has more than 22 years of experience in the insurance space and has played a key role in building the company's brand and market presence.
- The move signals Star Health's focus on strengthening leadership depth and driving future growth with experienced professionals. The company boasts a strong distribution network and significant financial figures.
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HRKatha
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OPG Mobility expands leadership team, appoints 3 senior executives
- OPG Mobility has appointed three senior leaders - Raushan Kumar, Sandeep Mathur, and Amit Kumar Gupta across its MTEKPOWER and OTTOOPG 3Wheeler divisions.
- Raushan Kumar joins as EVP and sales head for Solar System Solutions at MTEKPOWER, bringing 30 years of industry experience.
- Sandeep Mathur appointed as VP and sales head for inverter and battery businesses at MTEKPOWER with 30 years of experience in IT hardware and power electronics.
- Amit Kumar Gupta becomes AVP for the OTTOOPG 3-wheeler business, leveraging 26 years of experience in sales strategy at automotive brands.
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TechBullion
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Driving Digital Transformation: How Strategic Finance Leader Sumangali Krishnabhat Leverages Fintech for Global Impact
- Sumangali Krishnabhat, a strategic finance leader at Redwood Trust, specializes in fintech implementations and international financial asset management.
- She leverages AI, ML, and RPA to drive digital transformations in financial processes for operational efficiencies.
- Suma holds a bachelor's degree in Business Management and MBA in Finance, along with CMA and CPA credentials.
- She discusses the impact of fintech tools on operational processes and the optimization of finance, accounting, and tax functions.
- Standardizing processes and evaluating solutions for digital transformation are essential for success in the finance industry.
- AI and ML technologies require process standardization to achieve higher success rates in financial organizations.
- Regulatory compliance, efficient data analysis, and decision-making are key focus areas for fintech innovations in finance.
- Measuring ROI for fintech implementations in liquidity management and debt optimization involves quantitative and qualitative metrics.
- Striking a balance between human judgment and machine learning is crucial for successful adoption of technology in finance.
- The importance of diversity and inclusivity in the finance industry is highlighted by Sumangali Krishnabhat's advocacy for empowering women and underrepresented groups.
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Forbes
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Best No Annual Fee Credit Cards Of 2025
- Many of the best no annual fee credit cards offer strong rewards and benefits without charging an annual fee.
- Consider the top card choices that stand out for compelling features, such as introductory 0% APRs and rewards.
- Featured Partner Offer details of Chase Freedom Flex® credit card with $0 annual fee and various cash back rewards.
- Card details include a $200 bonus, 5% cash back in rotating categories, 0% Intro APR for 15 months, and no annual fee.
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Insider
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8
Image Credit: Insider
At Mastercard, AI is helping to power fraud-detection systems
- Mastercard is using AI to help detect and prevent credit card fraud.
- The AI technology flags unusual patterns and blocks fraudulent transactions.
- Mastercard's fraud department swiftly disputed a fraudulent transaction reported by a customer.
- The company has been incorporating machine learning algorithms for 10 years to monitor transactions.
- Their AI-powered fraud detection system scans around 160 billion transactions annually.
- The technology reduces false-positive fraud cases significantly.
- AI enables real-time detection of suspicious transactions by identifying patterns impossible for humans to spot at scale.
- Mastercard's Decision Intelligence system assigns risk scores to transactions based on various data points.
- Decision Intelligence Pro assesses user characteristics and behaviors to determine transaction validity.
- AI has limitations, such as the potential for bias based on historical data, according to experts.
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