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Strategy News
HRKatha
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Magson Retail & Distribution appoints Saibal Chandra Banerjee as CEO
- Saibal Chandra Banerjee has been appointed as the CEO of Magson Retail & Distribution, moving from his previous role as senior vice president-merchandising at Wellness Forever Medicare.
- Banerjee brings a wealth of experience, starting his career as an area sales supervisor at Reckitt Benckiser and working his way up through various roles in companies like Wipro, Dabur, and Spencer's Retail.
- Prior to joining Magson Retail & Distribution, Banerjee served as the CEO of Kathmandu Farmers Market and held leadership positions at Foodhall India and Wellness Forever Medicare.
- Known for his analytical skills and problem-solving abilities, Banerjee's appointment is expected to benefit Magson Retail & Distribution, as he takes on the role of CEO.
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Rockpapershotgun
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Eric Barone, the guy who can't stop updating Stardew Valley, says the words "I might eventually make a Stardew Valley 2"
- Eric Barone, the creator of Stardew Valley, mentioned the possibility of making a sequel on a podcast.
- Barone finds it easier to add updates to Stardew Valley rather than starting a new game from scratch.
- Despite the temptation to create a sequel, Barone is focused on finishing his current project, Haunted Chocolatier.
- The idea of a Stardew Valley 2 remains uncertain as Barone enjoys continuously updating the original game.
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HRKatha
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10
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MakeMyTrip elevates Richa Jha to director-HR
- Richa Jha has been promoted to director-human resources at MakeMyTrip after three years with the company.
- Jha holds a PGDM in human resource management and industrial relations and started her career as a summer trainee at Astrazeneca in 2008.
- Throughout her career, she has held HR roles at companies such as Wepsol, Biocon, Reliance Retail, Aurigene Discovery Technologies, Walmart, and Lexin before joining MakeMyTrip in 2022.
- Described as a smart, talented, and dedicated professional, Jha's diverse HR experience is seen as an asset to MakeMyTrip. HRKatha congratulates her on the promotion.
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Peprofessional
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205
How to Control Healthcare Costs Throughout Your Portfolio With New Insurance Model
- Private equity firms often overlook employee benefits when implementing value creation plans to increase profitability during ownership of companies.
- The individual coverage HRA (ICHRA) model offers control over insurance costs for businesses while providing quality healthcare benefits to employees.
- ICHRA can help PE-backed companies struggling with unpredictable group health plan renewals and high insurance costs.
- It allows for personalization in healthcare coverage, giving employees the freedom to choose plans that suit their individual needs.
- Implementation of ICHRA can lead to cost savings for both employers and employees compared to traditional group healthcare plans.
- ICHRA offers stability to employers, flexibility to employees, and eliminates the financial burden of high-cost claimants.
- Companies with multi-state operations find ICHRA particularly appealing due to the scalability and customization it offers for diverse employee groups.
- ICHRA allows employers to set a consistent budget for health insurance costs, providing predictability and avoiding unexpected cost increases during renewals.
- The adoption of ICHRA, as exemplified by a case study of a PE-backed manufacturing company, has shown benefits in reducing costs for employers and empowering employees with choice and control over their healthcare.
- Overall, ICHRA serves as a valuable tool for private equity firms seeking to optimize costs and enhance value creation within their portfolio companies.
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Rockpapershotgun
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249
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Frostpunk 2 brings in a map literally called The Pit, a revamped heating system, and a lot more in its first big update
- The first big update for Frostpunk 2 introduces a new map called The Pit, featuring a distinctive 'proto-crater' pit counted as mountain terrain.
- The heating system in Frostpunk 2 has undergone a major overhaul, with heat management localized to individual districts, each having unique effects and consequences if not kept warm.
- The update brings back Serenity mode from the first game, offering a stress-free experience with gentler weather, more resources, and no conflict between factions.
- Additional challenges with unique quests and storylines, improved tutorials, rebalanced prologue, and modding tools out of beta are part of the update, with promises of more free big updates and future DLC from 11 bit studios.
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Pcgamer
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Europa Universalis 5 feels like the ultimate grand strategy game, drawing on Paradox's entire history—and it makes me feel like an idiot
- Europa Universalis 5 has been unveiled, offering a new and complex grand strategy experience.
- The game feels different, uncompromising, and tailored for history devotees and strategy enthusiasts.
- Automation features help players grasp the game's complex systems gradually.
- EU5 introduces new mechanics like the need for a legitimate reason for declaring war, involving espionage and support from parliament.
- Players face challenges like balancing domestic issues, making decisions that impact various aspects of their nation, and navigating international relations.
- Different playable entities in the game offer varied playstyles and strategies, each with unique advances and mechanics.
- The game's dynamic systems, including advances, reforms, and institutions, encourage global thinking and adaptation to new concepts.
- EU5's complexity can be overwhelming but feels organic and engaging, with layers of systems and objectives to explore.
- Players may feel challenged due to the game's ambitious nature, evolving away from traditional strategy game origins.
- Despite feeling challenged and baffled by the game, players may find the experience of navigating EU5's intricacies to be thrilling.
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HRKatha
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394
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Cabinet gives nod: ITIs to be upgraded; 5 NCoEs to be set up
- The Union Cabinet approved a national scheme to upgrade ITIs and establish five National Centres of Excellence for Skilling with a budget of Rs 60,000 crore over five years.
- Approval was given for the academic and infrastructure expansion of five new IITs in Chhattisgarh, Andhra Pradesh, Jammu & Kashmir, Kerala, and Karnataka.
- The scheme will adopt an industry-led Special Purpose Vehicle approach to collaborate on curriculum design and infrastructure management, focusing on ToT and improving vocational education quality.
- The objective is to bridge the industry-demand gap through updated course content, aiming to enhance employability and make vocational training more appealing for the future.
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TronWeekly
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Strategy to Unveil Bitcoin Model That Could Reshape Corporate Finance
- Strategy plans to publish an open-source Bitcoin standard model based on its real-world Bitcoin acquisition strategy for corporate adoption.
- Strategy confirmed plans to release a Bitcoin corporate finance book offering financial strategies and insights based on its experience of expanding Bitcoin holdings to 555,450 BTC.
- Bernstein predicts a $330 billion corporate Bitcoin inflow by 2029, inspired by Strategy's playbook, with expectations that more firms will adopt Bitcoin as a treasury asset.
- Metaplanet and Strive join the corporate Bitcoin movement, with Metaplanet amassing over 5,000 BTC and Strive collaborating to establish a publicly traded Bitcoin treasury company following Strategy's model.
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HRKatha
3w
408
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Routematic raises $40 million in series C to power sustainable corporate commutes
- Bengaluru-based Routematic raised $40 million in a Series C funding round led by Fullerton Carbon Action Fund and Shift4Good.
- The funding will help Routematic expand its operations and scale its fleet to over 10,000 vehicles in major Indian cities by March 2026.
- Routematic offers AI-powered transport solutions to over 300 corporates in 23 Indian cities, aiming to enhance employee commuting experiences.
- The company plans to establish city-level command centres, convert 30% of its fleet to electric vehicles, and reshape urban transportation towards sustainability.
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HRKatha
3w
46
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Meena Kothari named head-HR, UBS
- Meena Kothari has been appointed as the head of human resources at UBS, bringing over 20 years of HR experience.
- She will lead HR operations in India with a focus on talent, culture, and transformation, having previously served as head of employee relations at UBS.
- Prior to UBS, she held roles at Credit Suisse, Rabobank, RBS, Karvy Private Wealth, and Karvy Capital, specializing in strategic HR, employee engagement, and organizational development.
- Kothari holds an MBA from Middlesex University and most recently worked as director-country head HR at Credit Suisse before joining UBS.
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HRKatha
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408
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CrowdStrike to cut 500 jobs in strategic overhaul
- Cybersecurity firm CrowdStrike is set to lay off 500 employees, which accounts for five per cent of its global workforce, as part of a strategic overhaul.
- The job cuts aim to enhance operational efficiency and facilitate the company's scaling with increased focus and discipline towards achieving a $10 billion annual recurring revenue target.
- CrowdStrike plans to create new positions in product engineering and customer-facing functions while restructuring, with hires scheduled throughout the fiscal year ending in January 2026.
- The restructuring is estimated to cost between $36 million and $53 million, with a portion to be incurred in the first quarter of fiscal 2026, while the company continues to invest in AI-driven cybersecurity solutions for future growth.
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Forbes
3w
394
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Mortgage Rates Today: May 8, 2025 – Rates Don’t Move
- Today's average mortgage rate on a 30-year fixed mortgage is 6.8%, up from 6.73% last week.
- The APR on a 30-year fixed-rate mortgage is 6.83%, with borrowers paying about $135,365 in total interest over the loan's life.
- The 15-year fixed mortgage rate is currently 5.77%, with borrowers paying around $50,140 in total interest.
- Mortgage rates follow economic factors, including U.S. Treasury bond yields and decisions by the Federal Reserve.
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Forbes
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70
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Money Market Interest Rates Today: May 8, 2025 – Rates At 4.89%
- Today's highest money market rate is 4.89%, with a national average of 0.53% reported by Curinos.
- Money market accounts are interest-bearing deposit accounts similar to savings accounts, insured by the FDIC for banks and the NCUA for credit unions up to $250,000 per depositor.
- Compared to savings accounts, money market accounts generally offer higher interest rates but may require higher minimum deposits and balances.
- When opening a money market account, consider factors like interest rates, minimum balance requirements, fees, and withdrawal limits across various institutions to find the best fit.
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Forbes
3w
70
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High-Yield Savings Account Rates Today: May 8, 2025 – Rates Are Steady
- Savings account rates remain steady with the highest yield at 5.84% for accounts with a $2,500 minimum deposit.
- High-yield savings accounts offer better rates than traditional accounts, with the best rate today at 4.88% for a $10,000 minimum deposit.
- For high-yield accounts requiring a $25,000 minimum deposit, the highest available rate is 4.40%.
- Factors to consider when choosing an account include interest rates, minimum deposits, fees, financial institution reputation, and FDIC/NCUA insurance.
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Forbes
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Current HELOC & Home Equity Loan Rates: May 8, 2025
- A home equity loan allows homeowners to borrow up to 85% of their home’s value and pay it back in monthly installments, while a home equity line of credit (HELOC) is a variable-rate second mortgage that provides a revolving line of credit.
- HELOCs are ideal for medium-sized projects, with various options available based on borrowing capacity and risk tolerance.
- Different term lengths, ranging from 5 to 30 years, offer borrowers flexibility in repayment schedules and monthly payments based on their financial goals and project sizes.
- Home equity represents the value of your home minus the remaining mortgage balance, and building equity is crucial for accumulating wealth. HELOCs allow homeowners to access their home equity as needed and pay interest only on the amount used.
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