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In the wake of Nepal’s catastrophic floods, the nation faces over two billion dollars in property damage, leaving thousands displaced and in desperate need of essentials at relief centers. The destruction of roads and bridges has isolated communities, complicating aid efforts. Rescue teams are tirelessly engaging in operations to free workers trapped in hydroelectric tunnels….
Large-cap firms saw operating margins contract significantly year-on-year. Mid- and small-cap companies experienced lesser margin contractions amid rising costs. These smaller firms also achieved higher revenue and net profit growth rates. Large-cap companies reported modest net profit growth, the slowest in seven quarters. Overall, aggregate operating margins for India Inc. declined.
Adobe will name Anil Chakravarthy as chief executive on December 1, with longtime CEO Shantanu Narayen becoming executive chair as AI tools challenge its creative software business
The Bhotekoshi floods have left Nepal facing a huge rebuilding bill. But with only part of the damage insured, who will ultimately pay for the recovery?
Income Tax Dept sent tax notice for Rs 9.6 lakh EPF interest which employee never received but erroneously shown in ITR as received; he fights and wins case in ITAT Mumbai. This judgement was delivered by Challa Nagendra Prasad, the Judicial Member, and Makarand Vasant Mahadeokar, the Accountant Member of ITAT Mumbai.
Adobe has appointed Anil Chakravarthy as its next president and CEO, succeeding Shantanu Narayen. Chakravarthy, who joined Adobe in 2020, has held senior roles at Informatica, Symantec and VeriSign and will take charge on December 1, 2026.
Employee associations are advocating for increased House Rent Allowance (HRA) rates for central government employees, aiming to tackle escalating rental prices in metropolitan areas. These suggestions have been forwarded to the 8th Pay Commission for evaluation. If accepted, Level 1-5 employees could see considerable boosts in their monthly HRA. The definitive report from the 8th…
It was not clear who was responsible for the two breaches or whether they were related. Large law firms’ extensive holdings of confidential business and personal data have made them attractive targets for cybercriminals.
OpenAI on Thursday, alongside the cybersecurity initiative, also unveiled Astra, a new AI model it described as its most capable yet but said can at times attempt to evade human monitoring.
The IPO, which was open for subscription from August 28 to September 1, received an overwhelming response across investor categories. Overall, the issue was subscribed 135.88 times. Retail investors subscribed 39.64 times their allotted portion, while Non-Institutional Investors (NIIs) bid for 192.94 times the shares reserved for them. Demand was strongest among Qualified Institutional Buyers…