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Strategy News
HRKatha
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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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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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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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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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Rockpapershotgun
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FTL meets Warhammer 40,000 in tactical space sim Void War
- Void War is a space combat game similar to FTL set in a universe resembling Warhammer 40,000.
- Players steer ancient starships through battles with blood cultists, imperial zealots, and corsairs in a roguelite system map.
- The game offers engaging features like crew management, strategic combat, and encounters with various factions and hazards.
- Void War is set to release on 30th May, offering multiple playable ships, commanders, crew types, weapons, modules, and ship systems.
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HRKatha
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24
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Bhavana Khera is chief marketing officer, Genefied
- Genefied, an IT services and consulting company, has named Bhavana Khera as its new chief marketing officer (CMO) with over 15 years of experience in strategic marketing across different sectors.
- As the CMO, Khera will focus on enhancing Genefied's global brand presence, leading marketing strategy, product marketing, digital campaigns, and customer acquisition.
- Ayush Jhawar, founder & CEO of Genefied, believes that Khera's expertise in marketing strategy will be crucial for the company's growth, especially as they expand into new markets and develop AI products.
- Khera aims to drive a customer-centric marketing approach, refine Genefied's brand identity, launch impactful campaigns, and focus on global brand equity and marketing innovation in the long run.
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Kaspersky
4d
240
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The ransomware landscape in 2025 | Kaspersky official blog
- Ransomware incidents show low quality of decryptors; attackers may not send decryptors or provide inefficient tools.
- Cybercriminals often specialize in encryption, not decryption, leading to slow and faulty decryptors.
- Ransomware attackers engage in repeated attacks, switching between groups and affiliates to continue extortion.
- Legislation is tightening globally to combat ransomware, requiring companies to report incidents promptly.
- Companies face risks and legal consequences for paying ransoms, as it can lead to long-term repercussions.
- Paying ransoms does not guarantee data confidentiality, as data may still be leaked or disclosed.
- Law enforcement actions and evolving laws have changed ransomware landscape, decreasing ransom amounts paid.
- Ransomware groups are now more focused on espionage and mixed motives, complicating victim understanding.
- Paying ransomware operators can worsen the problem; having a response plan in place is crucial for recovery.
- Organizations should prepare detailed response plans and implement monitoring solutions to counter ransomware attacks effectively.
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HRKatha
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Vizhinjam Port expansion to double workforce by 2028
- Vizhinjam Port expansion in Kerala aims to double its workforce by 2028 during construction progress.
- The expansion plan includes extending the breakwater, adding two more berths, and increasing cargo-handling capacity.
- The port anticipates handling about five million containers annually by 2028, necessitating additional manpower across various roles.
- Efforts are being made to train and recruit locally from Vizhinjam and Thiruvananthapuram while bridging skill gaps and creating more employment opportunities in the region.
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Forbes
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Latest HELOC & Home Equity Loan Rates: May 12, 2025
- Home equity loans and HELOCs allow homeowners to borrow against the value of their homes, with HELOC being a revolving line of credit and home equity loan offering a lump sum fixed-rate option.
- HELOCs come in various amounts, like $100K, $250K, or $500K, catering to different financial needs and allowing homeowners to access funds for projects or investments.
- Different term lengths, such as 5-year, 10-year, 15-year, 20-year, and 30-year, offer options for borrowers with varying repayment preferences and financial goals.
- Home equity represents the portion of the home that the owner possesses, indicating accumulated wealth, and can be utilized through loans, lines of credit, or cash-out refinancing.
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Forbes
4d
4
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Today’s Mortgage Refinance Rates: May 12, 2025 – No Movement On Rates
- Today's mortgage refinance rates on 30-year fixed loans held steady at 6.89%, with 15-year fixed rates at 5.79% and 20-year rates at 6.71%.
- The average APR for a 30-year fixed refinance mortgage is 6.92%, up from 6.9% last week, while the 20-year refinance APR is 6.75%.
- Borrowers with a $100,000 30-year refinance loan at 6.89% would pay approximately $137,554 in total interest over the loan's life.
- Comparatively, the 20-year refinance loan at 6.71% on $100,000 would cost about $82,502 in total interest.
- For a $100,000 15-year refinance at 5.79%, the total interest paid over the term would be around $50,314.
- Jumbo refinance rates increased to 7.26% for 30-year fixed and 6.48% for 15-year fixed, raising the monthly payments correspondingly.
- Refinance rates are slightly higher than purchase rates, and upfront payment of closing costs, buying discount points, and avoiding mortgage insurance can help lower rates.
- When considering refinancing, compare current and new rates, loan balances, and terms to estimate monthly payments and savings.
- Factors like lower interest rates, reduced monthly payments, quicker loan payoff, equity utilization, and eliminating PMI are common reasons for refinancing.
- Forecast suggests minimal mortgage rate movement in the coming months; economic factors like inflation and unemployment can impact rates.
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Forbes
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Today’s Top Money Market Account Rates For May 12, 2025 – Rates Hit 4.89%
- The current average money market rate is 0.53%, while the highest rate is up to 4.89%.
- Money market accounts are interest-bearing deposit accounts insured by FDIC for banks and NCUA for credit unions up to $250,000 per depositor.
- Money market accounts offer higher interest rates compared to regular savings accounts, but require higher minimum deposits and balances.
- To open a money market account, compare rates, meet minimum requirements, consider fees and features, submit an application online or at a bank branch, provide necessary information, and make the first deposit.
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Forbes
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Mortgage Rates Today: May 12, 2025 – Rates Stay Put
- The current mortgage rate on a 30-year fixed mortgage rose by 0.58% in the last week to 6.82%.
- The APR on a 15-year fixed mortgage climbed 0.05 percentage point during the same period to 5.79%.
- Experts predict that mortgage rates are not expected to drop significantly anytime soon.
- Factors influencing mortgage rates include U.S. Treasury bond yields, Federal Reserve decisions, and global events.
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