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HRKatha

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Pocket Entertainment elevates Umesh Bude to CTO

Umesh Bude has been promoted to the position of chief technology officer (CTO) at Pocket Entertainment, the parent company of Pocket FM, Pocket Toons, and Pocket Novel.
Bude, an alumnus of the National Institute of Technology, Karnataka, has a background in software engineering and has held various roles at companies like SUN Microsystems, Akamai Technologies, and Unacademy.
He joined Pocket Entertainment in 2024 and has played a significant role in scaling the company's tech stack and will now lead the company's technology vision focusing on AI-powered storytelling.
In his new role, Bude will oversee the tech strategy across all platforms under Pocket Entertainment, emphasizing on advancing generative AI capabilities and tech-led innovation.
Bude aims to drive the next wave of innovation with a focus on technology and AI playing a crucial role in storytelling.
Prateek Dixit, the co-founder of Pocket Entertainment, highlights Bude's leadership as central to creating intelligent, emotionally-aware storytelling experiences.

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HRKatha

115

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Now Karnataka to raise max working hours to 10 per day

The Government of Karnataka has decided to amend the Karnataka Shops and Commercial Establishments Act, 1961, to increase the maximum working hours to 10 per day, up from nine.
Overtime hours will also be increased to 12 per day, with a limit of 144 hours over a three-month period.
Establishments with less than 10 workers will no longer be covered by the Act, exempting them from maintaining workforce records and formal compliances.
The state's labour department justifies the amendments, citing similar changes in other states like Andhra Pradesh, Gujarat, Maharashtra, Uttarakhand, and Chhattisgarh.
Stakeholders, including trade unions, are concerned about compromising workers' rights and well-being with these changes.
There are debates on whether longer working hours will truly boost productivity and provide a competitive edge for the state.

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Forbes

163

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Best Visa Credit Cards Of 2025

Visa boasts more than 4.7 billion cards globally, processing billions of transactions yearly.
Major U.S. card issuers offer Visa credit cards with rewards like points, miles, and cash back.
Variety of non-rewards Visa cards available for simplicity and credit building.
Forbes Advisor provides unbiased ratings and information on best Visa credit cards.
Advertisers do not influence ratings at Forbes Advisor.
Data-driven methodologies used to evaluate financial products.
Forbes employs an editorial team with 65 years of industry experience for credit card ratings.

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Insider

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How AI can help HR price competitive employee compensation packages

AI can help HR professionals research compensation for various roles and analyze compensation data across markets.
Companies are using AI to determine compensation, with 25% of surveyed companies currently using AI for compensation purposes.
AI tools like Payscale Verse can assist in pricing jobs, especially when data is limited for new or rare roles.
Payscale Peer provides datasets with current compensation data from over 5,400 organizations, aiding in setting market-driven salaries.
AI can automate HR tasks like submitting salary data for surveys, retrieving benchmark data, and generating personalized talking points for managers.
Human oversight is crucial in using AI tools for compensation to prevent biases and errors in data analysis.
HR professionals should ensure transparency and understand how AI tools are used in compensation management to mitigate risks of bias.
AI can help in making salary adjustments in real-time and understanding the impact of total rewards programs on employee retention and performance.
AI recommendations for compensation can be accepted or rejected based on company decisions, typically with a high acceptance rate.
AI usage in compensation highlights the need for vendor transparency and awareness of potential biases in data analysis.

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Bitcoinist

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Bitcoin’s Price Dips Below $104,000, But Investors’ Appetite Remains Strong Via Spot ETFs

Bitcoin's price has dropped by nearly 4% recently, falling below $104,000.
Despite the price decrease, Spot Bitcoin Exchange-Traded Funds (ETFs) have been performing well.
Santiment reported steady inflows into BTC ETFs, indicating institutional confidence even during the price dip.
Inflows into Spot BTC ETFs have been consistent for the past 5 days, totaling over $1.46 billion since June 9.
This influx into BTC ETFs shows investor belief in Bitcoin's value proposition and the ongoing bull market.
BTC ETFs have seen over $5 billion in net inflows in the last month, with significant purchases by companies like Michael Saylor's Strategy and GME.
Massive inflows into BTC ETFs may impact prices positively in the long run as demand increases.
However, if inflows were to stop suddenly, there could be a local peak in the price without significant movement.
Long-term outlook suggests that large inflows are positive, indicating demand, but short-term price stagnation could generate concern.

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Forbes

411

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Fed Holds Steady—Here’s How That Could Impact Your Budget This Summer

The Federal Reserve decided to keep its benchmark interest rate steady at 4.25% to 4.50%, citing uncertainty in the economic outlook.
Market indicators reflect caution, with the 10-year Treasury yield dropping and the economy growing at a slower pace.
Consumers with credit card debt face no relief as rates remain high, motivating aggressive debt repayment strategies.
Savers may not see immediate increases in high-yield savings with the Fed's rate hold, but exploring alternative options is advised.
Home equity line of credit (HELOC) borrowers won't see changes in borrowing costs due to the steady rates.
Investors are advised to maintain discipline and focus on fundamentals despite the Fed's pause in rate adjustments.
Opportunities in small- and midcap stocks are highlighted, emphasizing long-term investment strategies.
Caution is advised in the bond market to manage risk properly and be prepared for potential fluctuations in rates.
Concerns about the impact of the current administration's low dollar policy on inflation and foreign investor appeal are raised.
Overall, investors should stay informed, rebalance their portfolios, and be ready for market shifts that may not be directly tied to Federal Reserve actions.

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Forbes

278

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CD Rates Today: June 18, 2025 – Earn As Much As 4.94%

CD rates today are as high as 4.94%, marking a significant increase compared to previous years.
Different CD terms offer varying interest rates, with three-month CDs averaging at 1.3% and six-month CDs at 1.77%.
For 12-month CDs, the highest rate is 4.64%, while 24-month CDs offer rates up to 4.52%.
There are opportunities for higher rates with longer-term CDs, such as five-year CDs offering rates of 4.26%.
Jumbo CDs, requiring significant deposits, can reach rates of 4.94% for a 6-month term.
It is essential to consider early withdrawal penalties and deposit requirements when opting for a CD.
CDs are relatively safe investment options compared to riskier assets like stocks, real estate, and cryptocurrencies.
Federal agencies like the FDIC and NCUA offer up to $250,000 insurance for CDs, providing further security.
When seeking the best CD rates, exploring offerings from various institutions like banks, credit unions, and digital platforms is recommended.
It's crucial to understand the terms and conditions of CDs, as different types may have specific restrictions and penalties.

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HRKatha

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Meta offering $100 million bonuses to lure OpenAI talent?

Meta is offering up to $100 million in bonuses to attract top engineers from OpenAI, amidst high demand for AI talent.
The parent company of Facebook, Meta, is building a new superintelligence unit and has invested $14.3 billion in Scale AI.
Alexandr Wang, CEO of Scale AI, has joined Meta to lead this new initiative in strengthening their AI capabilities.
Despite attempts to recruit key OpenAI employees with large bonuses and salaries, none have accepted the offers as of yet.
The demand for AI engineers, especially those skilled in developing cutting-edge models, is rapidly increasing.
Companies believe that having exceptional AI talent can provide a competitive advantage in creating advanced AI systems.
Meta faces urgency in launching its open-source AI models and has experienced key staff departures, prompting efforts to rebuild momentum.
The company aims to compete more aggressively with AI industry leaders like OpenAI and Google.
As the AI industry continues to expand, talent recruitment strategies like these are expected to become more common.

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Rockpapershotgun

225

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No-one told me Battle Brothers had gladiatorial arenas and this can only end excellently

Nic's Battle Prose chronicles the adventures in the game 'Battle Brothers.'
The company faces losses in a battle, leading to frustration and confusion.
They scavenge loot from the dead and prepare to visit Al Hazif's fighting arena.
Hiring a minor noble and a pit fighter named Dafydd, they gear up for the arena fight.
As they enter the arena, they face recently retired desert bandits.
The crowd cheers as Thilmann, Jason, and Rumjugs prepare to fight.
The atmosphere turns tense as the battle begins, and uncertainty looms.
The article hints at the upcoming finale of Battle Prose.

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HRKatha

261

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Employee turns suspension into vacation after refusing weekend work

An employee turned a workplace suspension into an impromptu holiday after refusing to work over the weekend.
The story, initially shared on Reddit, resonated with many who applauded the bold response to workplace pressure.
The employee chose to take a vacation during their week-long suspension instead of contesting the decision.
Upon being called back, the employee reminded the company of the suspension in a casual manner.
The Reddit post sparked a widespread discussion on setting boundaries in the workplace.
Many supported the employee's decision and suggested using the suspension to search for a better job.
The incident led to conversations about work-life balance, employee rights, and the consequences of overwork.
Some viewed the suspension as a positive break that allowed the employee to focus on self-care.
The story highlighted the importance of standing up against unreasonable demands in the workplace.
The popular post brought attention to the right to refuse and sparked reflections on employer-employee dynamics.
The narrative transitioned from a workplace punishment to a broader discourse on work-life balance and employee well-being.

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Rockpapershotgun

234

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Steam's Next Fests have grown into humongous battle royales, and June 2025's was no different

Steam's Next Fests have shown significant growth in the number of game demos over the years, with the June 2025 event featuring a record-breaking 1994 demos.
There is some discrepancy in the exact demo count as some games drop out late or do not submit valid demos.
The trend indicates a continuous increase in the number of demos from 2019 to the latest edition, with October 2024 featuring over 3,000 demos.
Top-performing games at the June 2025 Next Fest gained significant wishlist numbers, with ARPG Vindictus: Defying Fate obtaining 151,605 wishlists, among others.
Many games saw substantial wishlist growth proportions relative to their pre-fest totals, with standout performers like Mr. Billion: Idle Rich Tycoon and TerraTech Legion.
Comparing Next Fests to 'Not-E3' showcases, the wishlist increases are slightly behind, but some games like Vindictus: Defying Fate would rank in the top 10 for wishlist bumps.
Data from previous Next Fests indicates that while top demos benefit slightly more, there is greater interest in games further down the rankings due to the increasing competition.
The growth of Next Fests has changed the landscape for game developers using them to showcase their work, with the need to constantly evolve to stand out in the crowded field.

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HRKatha

194

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Karnataka launches study to map AI’s impact on IT jobs and skills

The Government of Karnataka has initiated a study to assess AI's impact on the state's IT sector.
The study, titled 'AI Workforce Impact Survey', involves key stakeholders like industry leaders and HR professionals.
It aims to collect data on how AI is affecting job roles and business models.
The study will evaluate new job profiles, areas threatened by automation, and current skill gaps.
The goal is to design interventions promoting innovation and growth.
With over a million tech professionals in Karnataka and Bengaluru as an AI innovation hub, addressing AI impacts is crucial.
The survey, open until 27 June, focuses on smart reskilling under NIPUNA Karnataka.
Responses will be confidential and used to guide policy actions.

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Forbes

416

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High-Yield Savings Account Rates Today: June 18, 2025 – Rates Are Steady

Savings account rates remain stable with potential to earn up to 5.84%.
Online banks and credit unions offer up to 10 times higher rates than traditional financial institutions.
Highest standard savings rate with a $2,500 deposit is 5.84%.
Average APY for traditional savings accounts is 0.22%.
High-yield accounts may require joining a credit union or a large deposit to earn higher rates.
Best interest rate on $10,000 minimum deposit high-yield accounts is 4.88%.
Average APY for high-yield accounts requiring $10,000 deposit is 0.23%.
Top rate on $25,000 minimum deposit high-yield account is 3.94%.
Average APY for $25,000 minimum deposit high-yield accounts is 0.24%.
Choosing between traditional bank accounts and online-only accounts affects interest rates.
Consideration of fees like monthly service fees and excess withdrawal fees is crucial.
Check financial institution ratings and ensure federal insurance protection for your money.
Rates provided by Curinos focus on personal savings accounts.
Specific account types like relationship-based or accounts for special groups are not part of the average rate calculation.

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Forbes

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Money Market Interest Rates Today: June 18, 2025 – Rates At 4.89%

The current average money market rate is 0.53%, with the highest rate at 4.89%.
A money market account (MMA) is an interest-bearing deposit account offered by banks and credit unions, allowing deposits and earning interest.
Money market accounts typically offer higher interest rates than other deposit accounts and allow withdrawal of funds with some limitations.
MMAs often come with added benefits like debit cards and check-writing capabilities for convenient access to cash.
MMAs at banks are insured by the FDIC, while those at credit unions are insured by the NCUA, with coverage up to $250,000 per account type.
When opening a money market account, compare yields, ensure you meet minimum requirements, consider fees, withdrawal limits, and other features.
To open an account, apply online or at a branch, providing personal information, a government-issued ID, and making the minimum required deposit.
Money market accounts combine features of savings and checking accounts, offering the ability to earn interest and make transactions.
Today's money market rates provide an opportunity for investors to earn more on their deposits.
Generally, money market accounts are a secure option for holding funds with the added benefit of earning interest.
With appropriate research and considerations, individuals can find the best money market account that suits their financial needs.
Money market accounts are a practical option for those looking to earn higher interest while maintaining access to their funds.
The process of opening a money market account involves comparing rates, meeting requirements, and submitting an application for approval.
Money market accounts offer flexibility and convenience, combining the benefits of savings and checking accounts.
Being insured by FDIC/NCUA, money market accounts provide depositor protection up to $250,000 in case of bank failure.
Interest rates on money market accounts can vary, so it's essential to research and select an account that offers competitive rates and terms.

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Forbes

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Latest HELOC & Home Equity Loan Rates: June 18, 2025

Home equity loans and home equity lines of credit (HELOCs) help homeowners leverage their property's value, with HELOCs offering a revolving line of credit and home equity loans providing a lump-sum amount.
Both options use the property as collateral, giving lenders the right to seize the property if the borrower defaults on payments.
HELOCs are ideal for medium to large projects, with borrowing options ranging from $100K for renovations to $500K for significant financing needs, each with varying terms and rates.
Shorter terms like 5 years offer quicker repayment but higher monthly payments, suitable for borrowers aiming for swift payoff.
Medium-sized projects can benefit from 10-year terms that provide balanced monthly payments and faster equity build-up.
Longer terms like 15 and 20 years offer lower monthly payments, making them ideal for affordability and larger investments.
30-year terms maximize affordability, best suited for substantial borrowing needs and long-term investments.
Home equity signifies accumulated wealth based on the property's ownership, with higher equity indicating more wealth.
Utilizing home equity through loans or lines of credit, such as HELOCs, enables access to funds based on the property's value.
A cash-out refinance is another option to utilize home equity, providing access to the property's equity in a lump sum.
HELOCs allow borrowers to borrow against their home's equity, calculated by deducting the mortgage balance from the property's market value.
The calculation of home equity involves subtracting the outstanding mortgage balance from the property's current market value.
Lenders typically have loan-to-value (LTV) ratio requirements, with approvals often limited to a certain percentage of the property's value, such as 80% LTV or less.
HELOCs enable borrowers to withdraw funds as needed and pay interest solely on the utilized amount, offering flexibility in borrowing against home equity.
Understanding and managing home equity loans and HELOCs is crucial for leveraging property value effectively and accessing financial resources based on accumulated equity.
Overall, home equity loans and HELOCs provide avenues for homeowners to make use of their property's value for various financial needs and investments.

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