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RBI Slaps ₹2.27 Crore Fine On RBL Bank

RBI Slaps ₹2.27 Crore Fine On RBL Bank

The RBI said the penalty on RBL Bank is based on the deficiencies in regulatory compliance relating to the period fiscal 2018-19 to 2021-22. The Reserve Bank of India on Monday said it has imposed a penalty of ₹2.27 crore on RBL Bank Ltd for non-compliance with norms...

Beyond Chatbots: AI Builds Productivity Pitch

Beyond Chatbots: AI Builds Productivity Pitch

The global chatbot market size is expected to be worth as much as $3.99 billion by 2030, according to Grand View Research’s latest data Conversational AI, or artificial intelligence, can be incredible fun. ChatGPT and Microsoft’s chatbot Bing search, have successfully...

Apple Delays Bonuses, Limits Hiring in Latest Cost-Cutting Move

Apple Delays Bonuses, Limits Hiring in Latest Cost-Cutting Move

In the past, Apple typically doled out bonuses and promotions once or twice per year depending on the division. Apple Inc. is delaying bonuses for some corporate divisions and expanding a cost-cutting effort, joining Silicon Valley peers in trying to streamline...

Saudi Unveils New Airline Riyadh Air to Compete With Gulf Rivals

Saudi Unveils New Airline Riyadh Air to Compete With Gulf Rivals

The Gulf kingdom is pursuing ambitious aviation goals as part of Crown Prince Mohammed bin Salman's wide-ranging "Vision 2030" reform agenda, including more than tripling annual traffic to 330 million passengers by the end of the decade. Saudi Arabia announced Sunday...

Atlassian To Cut 500 jobs in Latest Tech Layoffs

Atlassian To Cut 500 jobs in Latest Tech Layoffs

“We need to go further in rebalancing the skills we require to run faster at our company priorities,” Atlassian's co-Chief Executive Officers Mike Cannon-Brookes and Scott Farquhar wrote in a memo to employees Atlassian Corp. will cut about 5% of its workforce, or 500...