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Bharti AXA Life to empower youth & women with ‘BIMA Bharti’ programme

Bharti AXA Life introduces 'BIMA Bharti' programme to empower youth and women through skill development and employment opportunities.
Aligned with the government's vision, the programme aims to enhance employability in emerging sectors by offering industry-specific training to undergraduates and recent graduates.
The initiative targets female participation to narrow the gender gap in the financial-services industry and plans to recruit a total of 800 apprentices after onboarding 200.
Participants will undergo a six-month apprenticeship gaining experience in various roles, receive certification from the Government of India, and be eligible for performance-based incentives.

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Forbes

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Current HELOC & Home Equity Loan Rates: May 20, 2025

Home equity loans and HELOCs allow homeowners to borrow against the value of their homes, with HELOCs being a revolving line of credit and home equity loans a fixed-rate lump sum option.
Home equity options use your property as collateral, and borrowing against your home equity can be used for various financial needs and projects.
Different terms for HELOCs and home equity loans offer varying repayment periods, interest rates, and borrowing limits, catering to different financial goals and needs.
The value of your home and the balance of your mortgage contribute to your home equity, and tapping into this equity through a home equity loan can provide funds for major expenses.

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Forbes

229

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Today’s Top Money Market Account Rates For May 20, 2025 – Rates Hit 4.89%

Current average money market rate is 0.53%, with the best rate being 4.89% as per Curinos.
Money market accounts are interest-bearing deposit accounts similar to savings accounts, insured by FDIC for banks and NCUA for credit unions.
Money market accounts offer higher interest rates compared to regular savings accounts, but usually require higher minimum deposits and balances.
When opening a money market account, compare rates, minimum balance requirements, monthly fees, and withdrawal limits to find a suitable option.

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Forbes

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This Week’s Personal Loan Rates: May 20, 2025—Rates Inch Down Again

Rates on personal loans decreased last week, providing qualified borrowers an opportunity to secure loans at a more favorable interest rate.
From May 12 to May 17, the average fixed interest rate on a three-year personal loan for borrowers with a credit score of 720 or higher dropped to 14.20% from the previous week’s 15.27%.
The average rate on five-year personal loans also decreased from 20.37% to 19.70% during the same period.
Credit score heavily influences the interest rate offered by lenders, with higher credit scores typically resulting in lower rates. It is advisable to compare rates from different lenders before finalizing a personal loan agreement.

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Forbes

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High-Yield Savings Account Rates Today: May 20, 2025 – Rates Are Steady

Savings account rates remain steady with the highest yield at 5.84% on a $2,500 minimum deposit.
Average APY for traditional savings accounts stands at 0.22% while that of high-yield accounts is 0.23% for $10,000 minimum deposit and 0.24% for $25,000 minimum deposit.
High-yield savings accounts offer more interest but may require certain conditions like being a credit union member or large deposits.
Historically, interest rates peaked in the early 1980s with the fed funds rate surpassing 19% in response to high inflation.

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Forbes

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Mortgage Rates Today: May 20, 2025 – 15-Year and 30-Year Mortgage Rates Remain Fairly Stable

Today, the average mortgage interest rate for a 30-year fixed mortgage is 6.93%, while for a 15-year mortgage it is 5.98%. On a 30-year jumbo mortgage, the average rate is 7.55%.
The APR on a 30-year fixed-rate mortgage is 6.96%, compared to 6.94% last week. Borrowers with a $100,000 mortgage at 6.93% interest would pay approximately $661 per month in principal and interest.
Today, the 15-year mortgage rate increased to 5.98%, with an APR of 6.03%. Borrowers paying the same rate would pay $843 per month in principal and interest for every $100,000 borrowed.
Although mortgage rates had fallen after a high in spring 2024, they surged again in October 2024. Experts do not expect significant drops in rates soon, as rates are affected by economic factors and closely follow U.S. Treasury bond yields.

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Forbes

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CD Rates Today: May 20, 2025 – Rates Slide

The best CD rates currently reach up to 5.02%, offering better yields than high-yield savings accounts with fixed interest rates and maturity periods.
Withdrawal fees are incurred if cash is accessed before the maturity of the CD, resulting in a penalty that can equate to losing a year's worth of interest.
Rates vary for different CD terms; three-month CD rates average at 1.3%, while 12-month CDs offer a high of 5.02% and two-year CDs offer rates as high as 4.52%.
For jumbo CDs, the best rate at present is 4.94% for a 6-month term, with varying requirements for minimum deposits at different financial institutions.
CDs generally offer higher interest rates compared to other savings options and are known for their safety as federally insured investments, providing protection up to $250,000.
CDs have minimal risk compared to investments like stocks, real estate, or cryptocurrencies, making them a secure avenue for preserving and growing capital.
Consider various options from traditional banks, credit unions, and digital firms to find the best CD rates, as rates can differ significantly between institutions.
When opening a CD, be mindful of the minimum deposit required, as well as the strict penalties for early withdrawals that can impact both interest earnings and principal.
CDs are simple savings tools that allow for compounding interest over fixed periods, making them a reliable way to grow savings without the risks associated with more volatile investments.
Federal agencies like the FDIC and NCUA provide insurance coverage for CDs purchased from insured institutions, ensuring protection in case of bank failure.

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Forbes

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Private Student Loan Rates: May 20, 2025 – Loan Rates Move Up

Rates on 10-year fixed-rate private student loans increased last week despite still offering relatively low rates for interested borrowers with a credit score of 720 or higher.
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Last week saw a 1.10% increase in the average fixed rate on 10-year loans, reaching 8.51%, higher than the 7.41% the prior week and 0.37% higher than last year's rate.
For a $20,000 loan at today's average fixed rate, monthly payments would be around $248 with total interest over 10 years amounting to approximately $9,769.
Variable five-year student loan rates also rose to 9.89% from 7.68% the prior week, indicating a fluctuation in interest rates over the loan term.
Consider your financial stability and repayment plans when choosing between fixed and variable interest rates, with variable rates potentially being beneficial for quicker payoff strategies.
Private student loans are suitable when federal loans’ borrowing limits are reached or ineligibility arises, but always prioritize federal loans for lower rates and more repayment options.
During the private loan application process, evaluate the overall cost, lender assistance options, credit history impact, and the importance of a qualified co-signer for individuals with limited credit history.
Borrow responsibly by comparing total costs, considering lender support for payment difficulties, borrowing only what you need, and understanding how loans are disbursed and which expenses they cover.
Maximize federal financial aid eligibility before opting for private student loans, which offer no annual borrowing limits, competitive interest rates, and may not require immediate payments during schooling or post-graduation.

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Forbes

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Current Mortgage Refinance Rates: May 20, 2025 – Rates Increase

Mortgage refinance rates have increased, with a 30-year fixed refinance rate at 6.99% and a 15-year fixed rate at 5.96%.
On average, a 30-year refinance mortgage costs $665 per month for a $100,000 loan, with total interest payments of about $139,920.
The annual percentage rate (APR) for a 30-year mortgage is 7.02%, reflecting the overall cost of the loan.
For a 20-year fixed refinance, the average interest rate is 6.87%, with an APR of 6.91%.
A 15-year fixed refinance has an average interest rate of 5.96% and an APR of 6.01%.
Jumbo refinance rates are higher, with a 30-year jumbo rate at 7.63% and a 15-year rate at 6.41%.
Refinancing rates differ based on the type of loan program, with FHA and VA rates potentially lower than conventional rates.
Factors like keeping track of current interest rates, mortgage balance, and loan term are crucial when considering a refinance.
Refinancing can help lower interest rates, reduce monthly payments, pay off loans faster, tap into home equity, or eliminate PMI.
It's advisable to calculate break-even points to determine the suitable time for refinancing based on savings and closing costs.

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HRKatha

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Concerns mount over H-1B lottery as US tech sector faces continued layoffs

USCIS selected 120,141 applications for the H-1B visa programme for fiscal year 2026, the lowest since 2021.
Critics raise concerns over the lottery system, stating it fails to prioritize merit and may hurt US job opportunities in the tech industry.
The lottery system allows companies to hire lower-cost foreign workers over American graduates, impacting innovation and long-term employment growth.
Demand for H-1B visa programme oversight and reform increases amid criticisms of potential misuse by companies for planning layoffs.

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TheNewsCrypto

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Michael Saylor’s Strategy Faces Lawsuit Over Misleading Bitcoin Claims

A California-based investor is accusing Michael Saylor’s Strategy and its officials of breaching federal securities laws by making false and misleading statements, according to a complaint filed in the U.S. District Court for the Eastern District of Virginia.
The lawsuit claims that Strategy had not disclosed the exaggerated anticipated profitability of its Bitcoin investment strategy and the magnitude of losses it could incur on its digital assets, after adopting fair-value accounting standards.
The filing names Strategy's CEO, Phong Le, and CFO, Andrew Kang, as litigants. The company stated that it plans to vigorously defend itself against the allegations but cannot estimate the costs associated with the legal proceedings at this time.
Strategy, led by Michael Saylor, started accumulating Bitcoin in 2020 and currently holds around 576,000 Bitcoins worth an estimated $60.6 billion. The company faced a significant loss in the first quarter due to a decline in the value of its Bitcoin holdings, after adopting fair-value accounting standards.

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Rockpapershotgun

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Warhammer Skulls returns amidst Dawn Of War 4 rumours

Warhammer Skulls, the yearly event hosted by Boltgun actor Rahul Kohli, is returning this Thursday.
The Mechanicus sequel is expected to be a highlight of this year's Warhammer Skulls event.
Discounts on Warhammer licensed electronic entertainment products will be available, but no news on the next Total War: Warhammer 3 DLC is expected.
Speculations regarding a possible Dawn Of War announcement have emerged from LinkedIn posts by Dominik Dolenec, potentially hinting at Dawn of War 4.

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HRKatha

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Kiran Cherukari appointed EVP & global GCC practice leader, HCLTech

Kiran Cherukari has been appointed as the Executive Vice President and Global GCC Practice Leader at HCLTech after a successful entrepreneurial journey.
Cherukari started his professional journey in 1993 and has held various roles in companies like ICNET, Mekaster Telecom, Global Tele Systems, Crompton Greaves Informatics, and HCL Technologies.
He has held positions such as business entity manager, deputy general manager, general manager, and global head in his tenure at HCLTech.
Cherukari also served in leadership roles at NASSCOM, Tech Mahindra, and various other organizations before rejoining HCLTech in the current role.

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Medium

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How to Prioritize Product Backlog

Prioritization is crucial for aligning with business strategy, leveraging timing, and maximizing impact.
Product backlog prioritization starts by aligning initiatives with company's Objectives and Key Results (OKRs) to ensure strategic grounding.
Quarterly themes are used for time-bound prioritization, accelerating features that support the theme to seize short-term opportunities.
Structured frameworks like RICE or ICE are applied for assessing business impact, along with considering various feature purposes and a portfolio mindset for balancing priorities.

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HRKatha

417

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International students have no more job opps in the US, Canada, UK

Rajesh Sawhney, founder and CEO of GSF Accelerator and Harvard alumnus, advises Indian parents against expensive foreign education for their children as it may not guarantee them a job in the US, Canada, or UK.
Immigration rules have changed over the years, making it tough for international students to find job opportunities even after obtaining a degree.
Sawhney mentions that expensive education is not as rewarding today as it was in the past, when graduates from Indian Institutes of Technology (IITs) could easily secure entry-level jobs in the US.
Despite mixed reactions, some users believe that opportunities still exist for international students in these countries, though the process can be challenging.

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