Amazon Web Services (AWS) CEO Matt Garman is not worried about the ‘SaaSpocalypse’ that many say may bring the demise of several software due to advancements in artificial intelligence (AI) models. Instead, he sees this as a “huge business opportunity” for the e-commerce giant, as the company deepens its software-as-a-service (SaaS) and AI-driven applications for…
MUMBAI: The appointment of Rohit Jain as deputy governor at the Reserve Bank of India comes after the retirement of T Rabi Sankar and at a time when the central bank has to prepare banks for new risks, including cybersecurity.Jain, who was appointed executive director in Dec 2020, was until now in charge of supervisory…
A bulk carrier sailing near Iran’s coast in the Strait of Hormuz region was attacked by multiple small craft, Britain’s maritime monitoring agency has said. In a brief statement of Sunday, the United Kingdom Maritime Trade Operations (UKMTO) said that all crew members aboard the unidentified vessel were “reported safe” after the incident, which took…
Iran late Sunday said it had received the US response to its 14-point proposal, sent via Pakistan, that called for issues between the two countries to be resolved within 30 days and aimed to end the war rather than extend the ceasefire.Iranian state media reported that Washington had conveyed its response to Iran’s proposal via…
NEW DELHI: Stock markets are likely to be guided this week by the outcome of state elections and high crude oil prices amid the West Asia conflict, say analysts.The developments related to the West Asia conflict and the Strait of Hormuz will also be tracked by investors, they said. Counting of votes for the five…
NEW DELHI: A day after a 30-year-old judge allegedly died by suicide at his residence in south Delhi’s Green Park, police registered a case of abetment on Sunday following a complaint from his father alleging harassment by the in-laws. Police were tight-lipped on whether anyone was named in the FIR.The deceased, Aman Sharma, was secretary…
BENGALURU: With many employees seeing a moderate dip in net take-home salaries in their latest payslips, companies are issuing explainers to help them understand the impact of the new labour codes.The reduction is largely due to changes in salary composition. Employee provident fund (PF) contributions have increased, as they are now calculated as 12% of…
Happiness and focus are foundations of healthy childhood development. Even in everyday life, a child who’s happy and focused is more confident, has a sense of discipline, and is better equipped to handle situations.However, the world today is filled with digital devices and packed routines, which often leaves children feeling overstimulated. Amid the noise, children…
MUMBAI: The boardrooms of India’s most powerful philanthropic trusts are looking at an uncomfortable May 8 reckoning. The Sir Dorabji Tata Trust (SDTT) and Sir Ratan Tata Trust (SRTT), which together hold a 52% controlling stake in Tata Sons, will convene to review their nominee directors on the holding company’s board, among other agenda items.The…
US President Donald Trump unveiled an initiative called “Project Freedom”, aimed at assisting commercial vessels currently stranded in the Strait of Hormuz amid rising tensions in the Gulf region.In a post on Truth Social on Sunday (local time), Trump said that multiple countries had requested American assistance to help their ships safely exit the strategically…