‘They copy-pasted from AI’: Tech company offers Rs 20 lakh, can’t find a single techie who understands code

A technology firm recently launched a hiring campaign for a well-compensated entry-level position offering a handsome Rs 20 lakh per annum. However, despite conducting a staggering 450 interviews, the company failed to find a single candidate suitable for the role. The recruitment team turned to the Developers India subreddit to share their ordeal, hoping to…

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Sebi’s new fee platform aims to protect investors. But not many have taken to it

Mumbai: The capital market regulator’s centralized fee collection mechanism, aimed at ensuring that investors pay only registered investment advisers and research analysts, is seeing slow adoption since its launch nearly nine months ago due to its optional status and limited awareness, according to industry participants. Since it was introduced by the Securities and Exchange Board…

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live updates for June 16 2025

Beijing Central Business District, mix of offices and apartments Ispyfriend | E+ | Getty Images Asia-Pacific markets mostly rose Monday, as investors assessed escalating Israel-Iran tensions and parsed a slew of data from China. Oil prices jumped as Israel and Iran exchanged strikes, while gold prices rallied, as investors sought refuge in the safe haven…

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Not China, Not the U.S.: This Surprising Nation Now Tops the World in R&D Spending and Is Quietly Rewriting the Innovation Map

IN A NUTSHELL 🌍 In 2023, global R&D spending reached an astounding $2.8 trillion, highlighting its strategic significance. 🚀 Israel leads the world in R&D intensity, investing 6.3% of its GDP, driven predominantly by the private sector. 💼 The United States and China remain the largest absolute investors, with expenditures of $823.4 billion and $723…

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Magnet mayhem! Number of Indian companies awaiting licences from China for rare earths doubles; industry supplies hit hard

52 India-based companies depend on Chinese magnets for supplying to automobile manufacturers across the country. (AI image) China’s hold on rare magnets sends Indian industry supply in tailspin! The count of Indian firms seeking permits from China’s commerce ministry for rare earth magnet imports has risen to 21 from 11 in a fortnight. This development…

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Rare earth, rarer nod: Indian firms’ magnet waitlist doubles in 2 weeks, sends industry into supply tailspin

New Delhi: The number of India-based companies awaiting licences from China’s commerce ministry to procure rare earth magnets has nearly doubled to 21 from 11 two weeks ago, according to people familiar with the matter. These include Bosch India, Marelli Powertrain India, Mahle Electric Drives India, TVS Motor and Uno Minda, they said. Sona Comstar,…

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Barbie, UNO to get tech makeover? Mattel partners with Sam Altman’s OpenAI to bring AI-powered products

AI-based services, Studio Ghibli images, and now AI-powered toys, games including the childhood staples like Barbie and UNO? Barbie-maker Mattel has teamed up with Sam Altman led company OpenAI to develop toys and games with artificial intelligence. The first of the AI-powered products is slated to hit the shelves later this year, the company announced…

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