JPMorgan Chase is implementing a hiring slowdown, prioritizing efficiency gains through artificial intelligence. The bank anticipates a 10% reduction in operations staff due to AI advancements in areas like fraud and payment processing. While overall headcount growth is being curbed, strategic hiring will continue in key areas such as banking, advising, and branch expansion.
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The Odisha cabinet, under CM Mohan Charan Majhi, has approved 11.25% reservation for SEBC in higher education, excluding medical and engineering colleges. This policy, effective this academic year, applies to various courses in government and aided institutions. CM Majhi criticized previous governments for neglecting social justice for backward classes, while Union Minister Dharmendra Pradhan hailed the move as historic.
In a significant blow to the CPI (Maoist), over 26 Maoists were killed in a fierce encounter with security forces in Chhattisgarh's Narayanpur district. The operation, part of Operation Kagar, resulted in the reported death of top leader Nambala Keshavrao, alias Basavaraj, along with other key figures. This loss could severely impact the insurgent group's leadership and ability to reorganize.
Donald Trump, in a Fox News interview, hailed his Middle East tour as a major success, securing $2 trillion in investments and strengthening ties. He defended accepting a Boeing jet from Qatar, asserting it was for the US Air Force. Trump claimed his policies prevented Iran from acquiring nuclear weapons and that he de-escalated tensions between India and Pakistan.
The Supreme Court has agreed to hear a petition from Ashoka University professor Ali Khan Mahmudabad, arrested by Haryana Police for his remarks on Operation Sindoor. CJI B R Gavai's bench will hear the matter on May 20 or 21. Mahmudabad's arrest, following a BJP Yuva Morcha leader's complaint, has sparked concern over free expression within the academic community.
US President Trump turned a meeting with South African president Ramaphosa into a spectacle, confronting him with a video about alleged persecution of white farmers. This encounter, part of a pattern of 'reality TV diplomacy,' risks undermining alliances and isolating the US, as Trump prioritises political theater over genuine diplomatic engagement.
In his farewell address, Justice Abhay S Oka critiqued the Supreme Court's 'Chief Justice-centric' administration, advocating for a more democratic approach and greater use of technology in case listing. He also highlighted the urgent need to address the massive backlog of cases in the apex court and the neglect of trial courts, emphasizing joint efforts from the bar and bench.
Gold prices are under pressure, having fallen 7% from their April high, testing a crucial support level. Analysts suggest further declines are possible if key support levels break, influenced by reduced expectations for US rate cuts and diminished trade war concerns.
Despite India's concerns over Pakistan's support for terrorism, the IMF has disbursed a $1 billion bailout package, stating Pakistan met all required targets under the Extended Fund Facility. The decision followed a review where the IMF board determined Pakistan had made progress on reforms.
Venues in Kolkata and Hyderabad been removed from the responsibility of hosting the IPL Playoffs and final. While six venues have been named to host the remaining 17 games in the competition, a set of reasons have forced BCCI to consider alternatives for the final act. The tournament resumes on the 17th.
Bill Belichick and Jordon Hudson's relationship has captured public attention, and recent reports suggest they may be engaged. While neither Belichick nor Hudson have confirmed the news, fans have reacted strongly, expressing concerns about the couple's future and Belichick's assets. Belichick recently praised Hudson for her support, but the engagement rumors remain unconfirmed.