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Why this Hyderabad startup has appointed a Golden Retriever as it’s chief happiness officer
- A Hyderabad-based robotics company has appointed a golden retriever, Denver, as its chief happiness officer (CHO) to boost employee spirits.
- Denver's role is aimed at reducing stress, increasing engagement, and creating a more welcoming work environment for all employees.
- Research shows that pet-friendly workplaces lead to higher employee engagement, lower absenteeism, and improved well-being.
- The move by Harvesting Robotics reflects a growing trend towards pet-friendly work environments to enhance employee morale and productivity.
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Elon Musk steps down from government role amid spending concerns
- Elon Musk has resigned from his role as a special government employee in the Trump administration, leading the Department of Government Efficiency (DOGE) aimed at reducing public-sector spending.
- Musk voiced concerns about the administration's spending, criticizing a new bill supported by President Trump for potentially increasing the national deficit, contradicting his efforts to promote government efficiency.
- His departure signifies a divide over fiscal policy direction, as the bill combining tax cuts and tougher immigration rules faces scrutiny for its long-term financial impact.
- Musk's exit raises questions about the future of DOGE and highlights the challenges of merging tech efficiency with political agendas.
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Forbes
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Current HELOC & Home Equity Loan Rates: May 29, 2025
- Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes by borrowing against the equity they have built up.
- HELOCs offer flexibility as a variable-rate second mortgage, while home equity loans provide fixed-rate, lump-sum loans, both using the property as collateral.
- Different loan amounts and terms cater to various financial needs and projects, with shorter terms suitable for quicker payoffs and longer terms for larger investments.
- Building equity in your home through mortgage payments increases net worth and wealth, making home equity loans a way to build long-term financial health, with borrowing limits based on home equity and competitive interest rates.
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Mortgage Rates Today: May 29, 2025 – Rates Stand Still
- Current average mortgage rates: 30-year fixed at 6.93%, 15-year fixed at 5.93%, 30-year jumbo at 7.54%.
- Today's 30-year mortgage rate is 6.93%, down 0.19% from last week, with an APR of 6.96%.
- 15-year fixed-rate mortgage is at 5.93% today, down 1.27% from the previous week, with an APR of 5.98%.
- Experts foresee mortgage rates to stabilize without significant drops in the near future, influenced by economic factors like the Federal Reserve's decisions.
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Mortgage Refinance Rates Today: May 29, 2025 – Rates Rise
- The rate on a 30-year fixed refinance rose to 6.98% today, while the 15-year fixed-rate refinance mortgage average rate is at 5.91% with 20-year mortgage refinances averaging 6.87%.
- The average rate on a 30-year fixed-rate mortgage refinance has decreased by 0.61% from last week, with an APR of 7.01%.
- At 6.98% interest rate, a 30-year fixed mortgage refi would cost around $664 per month in principal and interest for $100,000.
- For a 20-year fixed refinance mortgage at 6.87%, the monthly cost would be approximately $767 for principal and interest.
- The APR for a 15-year fixed mortgage refinance at 5.91% is 5.95%, costing around $839 per month in principal and interest.
- Refinance rates are slightly higher than mortgage rates with differences across programs like conventional, FHA, VA, and jumbo loans.
- Government-backed loan programs often have lower refinance rates, such as FHA and VA refinances.
- Consider your current mortgage balance, interest rate, and loan term when evaluating if refinancing is the right choice for you.
- Experts anticipate national average mortgage interest rates to remain in the middle-to-high 6% range in the first half of 2025.
- Improving your credit score, making on-time payments, and paying down loan amounts can help secure a lower rate when refinancing.
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Money Market Interest Rates Today: May 29, 2025 – Earn Up To 4.89%
- The average money market rate today is 0.53%, with Curinos reporting the best rate at 4.89%.
- Money market accounts (MMA) are interest-bearing deposit accounts with higher interest rates than traditional savings accounts. They offer debit cards and check-writing capabilities, providing easy cash access.
- MMA deposits at banks are insured by FDIC, and at credit unions, they are insured by NCUA, both covering up to $250,000 per account type in case of bank failure.
- To open a money market account, compare yields, ensure you meet minimum requirements, consider fees and features, submit an application with personal details, and make the minimum opening deposit.
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High-Yield Savings Account Rates Today: May 29, 2025 – Rates Are Steady
- High-yield savings account rates have remained steady compared to one week ago, with the highest rate reaching 5.84%.
- Traditional savings accounts have historically offered low interest rates, but recent trends show online banks and credit unions offering rates 10 times higher.
- The average APY for a traditional savings account is currently 0.22%, while high-yield accounts offer substantially higher interest rates.
- Factors to consider when choosing a savings account include interest rates, minimum deposit requirements, fees, and the reputation of the financial institution.
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CD Rates Today: May 29, 2025
- CD rates today can range up to 5.02%, varying by certificate term lengths.
- Certificates of Deposit (CDs) offer fixed interest rates for set time periods, typically yielding better returns than high-yield savings accounts but with withdrawal penalties.
- Short-term goals can benefit from three-month CDs with rates up to 4.67%, while six-month CDs offer rates as high as 4.94%.
- A 12-month CD yields the highest rate at 5.02%, and a two-year CD has rates up to 4.52%.
- Longer-term CDs, like three-year and five-year ones, offer rates as high as 4.27% and 4.26%, respectively.
- Jumbo CD rates can reach 4.94% for a 6-month term, with varying deposit amounts required by different institutions.
- Comparison shopping is essential to find the best CD rates, as they differ across banks and institutions.
- CDs are safer investment options compared to stocks or cryptocurrencies, offering FDIC or NCUA protection up to $250,000 per account.
- Avoid early withdrawals on CDs to prevent hefty penalties, and consider online banks for potentially higher rates.
- Different CD types and terms may have specific requirements and rates, so careful consideration is needed before deciding on a CD investment.
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Usha International elevates Madhav Mani to CEO
- Madhav Mani has been promoted to the CEO position at Usha International after serving as the chief human resources officer for over 16 years.
- In his previous role, Mani oversaw HR functions such as talent acquisition, career development, and succession planning to align with the company's long-term business objectives.
- Before joining Usha International, Mani held leadership roles in companies like InterGlobe Technology, Reliance Industries, The Indian Hotels Company (IHCL) and SMS Demag.
- With 25 years of experience, Mani is known for his expertise in leadership development, change management, talent acquisition, and various HR functions.
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Vikram Singh Mehta succeeds Venkataramani Sumantran as chairman of IndiGo board
- Vikram Singh Mehta has been appointed as the chairman of the board of IndiGo, succeeding Venkataramani Sumantran.
- Mehta, with dual master's degrees in politics and economics, brings extensive experience from his previous roles at Shell Group of Companies and other organizations.
- Having served on the boards of companies like L&T, Colgate Palmolive, and Mahindra & Mahindra, Mehta joined InterGlobe Aviation in May 2022.
- IndiGo recognizes Sumantran's contributions in leading the airline's recovery post-pandemic and looks forward to Mehta's guidance for future growth.
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Kerala sees mass retirement of nearly 10,000 state- government employees
- Nearly 10,000 state-government employees in Kerala are set to retire on 31 May, continuing a pattern of mass retirements on the same day each year.
- The clustering of retirement dates is due to an old practice where 31 May was recorded as the official date of birth for many students, now determining their retirement age in service records.
- The state government is expected to require approximately Rs 6,000 crore to provide retirement benefits to this year's retirees, with payments to be disbursed in phases following approvals by the accountant general.
- The Kerala State Electricity Board (KSEB) is preparing for potential service disruptions with 1,022 retirees this year, exploring temporary solutions such as hiring retired employees on a contract basis and sourcing temporary staff through the employment exchange.
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HRKatha
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Paytm’s Vijay Shekhar Sharma criticises McKinsey amid job cut reports; firm responds
- Paytm's CEO Vijay Shekhar Sharma criticizes McKinsey & Company for job cuts and suggests AI replacing traditional consultants.
- Sharma's comments spark debate on AI's impact on high-skilled industries like management consulting.
- McKinsey clarifies that global headcount reduction was due to natural attrition and performance-based transitions, not mass layoffs.
- The situation reflects the pressure on consulting firms to adapt to clients' demands for faster, technology-driven insights in the era of automation.
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Medium
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How to Think? (like a PM)
- Curiosity is the origin of wonder and should lead to questioning everything without accepting things at face value.
- Questions serve as the foundation for analyzing and understanding, not just an acknowledgment of ignorance.
- Treat every question as an opportunity to explore and gather answers that shape your analysis and insights.
- Repeated questioning across various themes sharpens your ability to ask more precise follow-up questions.
- Avoid deviating from the original problem statement by balancing zoomed-out perspectives with detailed focus.
- Reflect on your thinking process to ensure you continually compare details to the bigger picture, staying aligned with the original intent.
- View problem statements as hints leading to a core understanding of the issue, not mistaking noise for the real treasure.
- Widen your perspective before delving into details, understanding the system as a whole before narrowing down to the specifics.
- Apply structured thinking like the 5 Whys method to uncover root causes and move closer to the real value.
- Zooming in involves constructing a thesis, exploring antithesis, and synthesizing thoughts to reach core problem statements.
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How zealous boundary-setting can sabotage careers in the modern workplace
- Zealous boundary-setting, while important for self-care, can sometimes hinder career growth and opportunities in the modern workplace.
- Maintaining healthy boundaries involves intentionality and reflection, while fear-based boundaries may lead to missed opportunities and career limitations.
- Excessive boundary-setting rooted in fear can result in missed chances for innovation and professional growth.
- Declining stretch assignments out of fear rather than genuine conflict with values can impede leadership potential and professional development.
- Individuals who habitually decline challenges risk being sidelined in leadership pipelines and missing out on growth opportunities.
- Saying 'no' too frequently can lead to reduced trust, stalled promotions, and exclusion from vital career conversations and networks.
- Embracing discomfort and accepting stretch assignments are crucial for personal and professional development, leading to unexpected opportunities and growth.
- Navigating boundaries in the workplace requires a balance between self-protection and strategic risk-taking to capitalize on career advancement opportunities.
- Creating 'dynamic boundaries' that flex without breaking and fostering a culture of growth and learning are essential for professional success in evolving industries.
- Encouraging employees to step out of their comfort zones and fostering an environment where saying 'yes' to challenges is supported can lead to sustained success in a rapidly changing professional landscape.
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Alex Augustine returns to CMS, as CPO
- Alex Augustine has returned to CMS IT Services as Chief People Officer (CPO) after serving WayCool Foods in the same role for over three and a half years.
- Throughout his career, Augustine has held HR leadership positions at companies like Taj Hotels, AVT McCormick Ingredients, Ingram Micro, CMS Info Systems, ISS Facility Services India, and WayCool Foods.
- At CMS, Augustine will lead the people and culture agenda as part of CMS 2.0 transformation backed by Florintree Advisors, focusing on repositioning HR as a business-critical lever.
- His new role aims to align talent strategy with business scalability and drive HR transformation that impacts profitability, capability, and cultural renewal.
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