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TechBullion
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AI Is Rising, but Legal Deals Still Need Humans, New Survey Finds from DocJuris // Survey Results Show AI Is Rising, but Humans Close the Deal
- A new survey by DocJuris examines the rise of AI in the legal space and its impact on human involvement in dealmaking.
- While AI tools like Microsoft Copilot, ChatGPT, and Gemini are increasingly used for tasks like redlining and compliance checks, humans are still deemed essential for negotiation and relationship management.
- Despite the adoption of AI, legal professionals express caution in relying on it for critical tasks like drafting, redlining, and risk assessment due to uncertainty around meeting due diligence standards.
- DocJuris's platform aims to complement human expertise with advanced AI to automate tedious aspects of contract review while allowing legal professionals to focus on strategic decision-making, risk management, and relationship building.
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Peprofessional
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Trump Administration Considers Opening $9 Trillion 401(k) Market to Private Equity Investments
- The Trump administration is considering allowing private equity firms access to the $9 trillion U.S. 401(k) retirement market, intending to offer investment options within 401(k) plans.
- Potential benefits of this move include increased capital flow for private equity firms and a more stable funding source than institutional investors, but critics raise concerns about risks such as higher fees and complexity.
- The Department of Labor has previously addressed the inclusion of private equity investments in retirement plans, emphasizing the need for fiduciaries to evaluate the prudence of such investments.
- While some see private equity as a tool for diversification and higher returns, others warn about risks and complexities, highlighting the need for careful evaluation and protection of retirement savers.
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Kaspersky
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Commercial vs. open-source SIEM: pros and cons | Kaspersky official blog
- Open-source solutions are commonly used in the IT market, including for building SIEM systems.
- Setting up a SIEM system using open-source tools like Logstash, Elasticsearch, and Kibana offers flexibility and cost savings.
- Building a custom OSS SIEM requires time, specialized skills, and ongoing support from a dedicated team.
- Implementing a self-built SIEM or OSS solution can significantly extend the time to deliver real value compared to ready-made solutions.
- Shortages in specialized skills for high-load system design and content creation can be a challenge for SIEM builders.
- Compliance efforts are more demanding for self-built SIEMs compared to commercial solutions with built-in certification processes.
- Vendor lock-in and employee dependence are key considerations when deciding between open-source and commercial SIEM solutions.
- Open-source SIEMs may offer simplicity in customization but can lead to higher long-term total cost of ownership due to maintenance expenses.
- Commercial SIEM solutions provide regular updates, threat intelligence feeds, and support, reducing the burden on in-house security teams.
- Choosing an open-source SIEM involves careful evaluation of hardware costs and architectural decisions that can impact operational expenses.
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HRKatha
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Tesla halts production for weeklong employee training to address culture and morale
- Tesla halted production at its Austin factory for a week to conduct intensive employee training sessions, amidst slowing sales and internal workforce concerns.
- Employees were given the choice to take paid time off or participate in training and cleaning activities to enhance efficiency, safety, and workplace culture.
- The training included opening culture-focused sessions to frontline employees, a departure from traditional management-only programs, aiming to address burnout, retention issues, and boost morale.
- The initiative reflects Tesla's efforts to improve employee engagement, reinforce core values, and navigate market challenges by involving ground-level staff in shaping a more positive and resilient company culture.
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HRKatha
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50,000 MP state employees go without salary for 6 months; probe underway
- Nearly 50,000 state government employees in Madhya Pradesh have not received salaries for the past six months, leading to an investigation.
- The Department of Treasury and Accounts in Madhya Pradesh is conducting a probe to verify the authenticity of employee records and to check for any irregularities.
- Of the 50,000 affected employees, around 40,000 are regular employees and 10,000 are temporary or contractual employees, with a total pending salary amount estimated at Rs 230 crore.
- The investigation aims to determine whether the delay in salary payments is due to administrative lapses or a potential larger fraud within the system, highlighting urgent verification efforts by the government.
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Forbes
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Today’s Top Money Market Account Rates For June 5, 2025 – Rates Hit 4.89%
- The current average money market rate is 0.53%, with the highest rate reaching up to 4.89% as per Curinos.
- Money market accounts (MMAs) are interest-bearing deposit accounts offered by banks and credit unions allowing deposits, interest earnings, and withdrawals with some limitations.
- MMAs typically offer higher interest rates compared to traditional savings accounts and may provide debit cards or check-writing capabilities for easy cash access.
- MMAs are insured by either FDIC or NCUA, providing up to $250,000 coverage per account type. It's advised to explore different options, compare rates, fees, and requirements before opening a money market account.
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Forbes
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Mortgage Rates Today: June 5, 2025 – Rates Fall
- The current average mortgage rate on a 30-year fixed mortgage is 6.81%, with a 15-year mortgage at 5.77% and a 30-year jumbo mortgage at 7.21%.
- Today's average rate on a 30-year fixed mortgage is 6.81%, down 1.70% from last week, with an APR of 6.84%.
- Interest on a $100,000 loan at 6.81% for 30 years will cost $653 per month in principal and interest, totaling $135,629 in interest.
- The 15-year mortgage rate is 5.77%, down from 5.93% last week, with an APR of 5.82%.
- A 15-year mortgage at 5.77% will cost $831 per month in principal and interest on a $100,000 loan, totaling approximately $50,120 in interest.
- Today's average interest rate on a 30-year fixed-rate jumbo mortgage is 7.21%, down from last week's 7.53%.
- Mortgage rates surged in October 2024 despite Federal Reserve rate cuts, and experts do not anticipate significant drops soon.
- Rates follow U.S. Treasury bond yields, influenced by Fed decisions and global events, with no major rate drops foreseen.
- The Fed's monetary policy impacts long-term rates, influenced by the economy and housing market conditions.
- Home loan borrowers can secure better rates with good credit, low DTI ratio, and exploring programs without additional charges.
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Forbes
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CD Rates Today: June 5, 2025
- Today's best CD interest rates go as high as 5.02%, but rates are subject to change with Federal Reserve actions.
- CDs provide fixed interest rates for set periods, offering better yields than high-yield savings accounts but penalties for early withdrawal.
- Short-term CDs like three-month and six-month options have current average rates of 1.3% and 1.77% respectively.
- Popular 12-month CDs offer a high 5.02% rate, with a stable average APR of 1.83% for one-year CDs.
- Two-year CDs offer rates as high as 4.52%, while the average APY for this term is 1.65%.
- Longer-term CDs like three-year and five-year ones provide rates as high as 4.27% and 4.26% respectively.
- Jumbo CDs require high minimum deposits but offer competitive rates, with 6-month jumbo CDs at 4.94%.
- Digital banks often provide better CD rates due to lower costs compared to traditional banks, offering top-of-market yields.
- CDs typically have minimum deposit requirements, and early withdrawals can result in penalties affecting earned interest.
- CDs are considered safe investment options with protection from FDIC or NCUA insurance, offering up to $250,000 coverage in case of bank failure.
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Forbes
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Mortgage Refinance Rates Today: June 5, 2025 – Rates Decrease
- Today, the rate on a 30-year fixed refinance decreased to 6.88%.
- The average rate for a 15-year financed mortgage was 5.76%, and for a 20-year financed mortgage, it was 6.69%.
- For a 30-year fixed-rate mortgage refinance of $100,000, the monthly payment is $658 for principal and interest.
- The total interest costs over the life of the loan would be about $137,385.
- The APR for a 30-year fixed-rate mortgage is 6.91%.
- For a 20-year fixed refinance mortgage, the average interest rate is 6.69%, with an APR of 6.73%.
- A 15-year fixed refinance mortgage has an average interest rate of 5.76% and an APR of 5.81%.
- At today's interest rates, a 15-year fixed-rate mortgage refinance of $100,000 would cost $831 per month.
- It's important to compare current interest rates, mortgage balance, and loan terms when considering refinancing to determine potential savings.
- Experts predict average mortgage rates to remain in the mid-to-high 6% range in the first half of 2025, with a potential decrease by the year-end.
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Forbes
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High-Yield Savings Account Rates Today: June 5, 2025 – Rates Are Steady
- High-yield savings account rates remain steady this week, with the maximum rate at 5.84%.
- Traditional savings accounts have improved interest rates, but online banks and credit unions offer even higher rates.
- Average APY for traditional savings accounts is 0.22%, while high-yield accounts offer better rates but might require certain conditions like a larger deposit.
- When considering a high-yield savings account, compare rates, minimum deposits, fees, and bank reputation to ensure a good choice.
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HRKatha
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“I can get you a chair”: Viral chat sparks workplace outrage
- A WhatsApp chat between a manager and an injured employee has caused outrage for showing a lack of empathy in the workplace.
- The manager pushed the employee with a fractured leg to work, offering only a chair as a solution and guilt-tripping the worker for taking leave.
- The incident resonated with many social media users, with some sharing their own stories of insensitive managers pressuring them to work despite health issues.
- The episode has sparked discussions about toxic leadership, the need for compassion, and prioritizing employee well-being in the workplace.
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HRKatha
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Shashank Jha to be head, digital technology & CIO, India, Boeing
- Boeing appoints Shashank Jha as head of information digital technology & security and chief information officer in India.
- Jha previously worked at Dover India Innovation Centre and has a background in engineering operations.
- He has held various roles at companies like Honeywell, GE Digital, and Dover, focusing on digital technology and IT.
- In his new role, Jha will lead a team of 1,500 in India and focus on technology innovation and operational excellence for Boeing.
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HRKatha
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A pharma firm’s prescription for workplace diversity
- JB Pharma, a Mumbai-based pharmaceutical company, empowers women to design and lead diversity and inclusion programs within the organization.
- Their approach involves letting women leaders architect and implement inclusion initiatives rather than imposing them from the top.
- JB Pharma's strategy recognizes the importance of diverse perspectives in driving innovation and agility within the healthcare sector.
- The company's initiatives include Sneh Samvad for wellness and Vaatsalya for maternity support, managed entirely by women leaders.
- JB Pharma focuses on systemic changes rather than superficial adjustments, reporting strong employee engagement and participation in leadership programs.
- The organization integrates diversity efforts into its ESG framework, ensuring diversity is treated as an operational necessity.
- JB Pharma embeds inclusive practices in recruitment, mentorship, and leadership development throughout the employee lifecycle.
- The company aims to increase women representation to 25% by 2033 through redesigned recruitment strategies and leadership programs.
- Their leadership programs aim to develop competencies, enhance skills, and identify high-potential candidates through rigorous selection processes.
- JB Pharma actively involves male leaders in DEI initiatives to promote collaboration and allyship rather than competition.
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HRKatha
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Are Indians unaware of pension schemes and calculations?
- An alarming 50% of respondents in a survey were unaware of important government pension schemes like the Atal Pension Yojana.
- 75% of respondents are deeply concerned about the security of their pension investments and 99% believe their gratuity amount is insufficient for retirement needs.
- 30.23% of respondents had no knowledge of how their pension is calculated, highlighting a lack of understanding in this area.
- There is a need for more reliable and transparent retirement products in India to address dissatisfaction among respondents with schemes like Employees' Provident Fund.
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HRKatha
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427
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Arunima Mohanty appointed head-HR, Metalman Auto
- Arunima Mohanty has been appointed as the head-HR at Metalman Auto to drive HR innovation and organisational growth after previously working with Sona Cornstar for three years.
- Mohanty holds an MBA in HR from Ambedkar University and has completed an executive program in HR Analytics from XLRI Jamshedpur.
- With over two decades of experience in HR, Mohanty has worked in various roles at companies like Gabriel India, Jay Bharat Maruti, National Engineering Industries, Spectranet, and Rockman Industries.
- Her expertise lies in leading enterprise transformation, driving change through technology, and building agile organizations, aligning people strategies with business growth.
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