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Austin-based TTEC has temporarily halted its 3% 401(k) matching contributions for US employees for nine months, a move aimed at cost reduction amidst economic uncertainty. This decision, communicated via an internal memo, highlights a common strategy for companies to avoid layoffs by adjusting benefits. Experts note such pauses are cyclical during economic downturns, with many companies eventually restoring matches.

Chatra district administration is enhancing blood availability for accident victims and critically-ill patients by engaging coal mining companies in Tandwa. Deputy Commissioner Ravi Anand directed mining firms to collaborate with the Red Cross for regular blood donation camps, aiming to bolster blood stock for various medical emergencies and save lives.

A viral Reddit post has sparked outrage after an employee revealed their company offered a 'goodie bag' instead of a salary raise. The bag contained basic items like a water bottle, pen, candy, crackers, and a small mystery object. This gesture has drawn widespread criticism online, with many users sharing similar disappointing workplace experiences and questioning the company's priorities.

Bihar's power consumers face temporary disruption in online services as North and South Bihar Discoms upgrade billing software. From May 20th evening to May 22nd morning, bill payments, meter recharges, and new connection applications will be unavailable. However, electricity supply remains unaffected, even for smart meter users. Residents are urged to clear dues beforehand.

Meta CEO Mark Zuckerberg informed employees that no further company-wide layoffs are anticipated this year, following a significant restructuring that cut 10% of its global workforce and reassigned 7,000 employees to AI divisions. This announcement aims to stabilize morale after recent job cuts impacted various departments, particularly engineering and product teams, as Meta prioritizes AI development and competes with rivals.

Generative AI is overwhelming bug bounty programs with a surge of fake and low-quality reports. This influx of automated submissions is forcing companies to shut down their programs, as cybersecurity professionals spend valuable time debunking non-existent flaws. The industry is now exploring stricter checks and defensive AI to combat this crisis.

Tribunal Directs Firm To Ensure That Amount Is Distributed Among All Tea Station Shareholders Within 3 Months

In a bid to enhance policyholder rights, insurance companies are required to resolve claims within 30 days, while investigations for health claims should conclude in 30-45 days, and for life policies, within 90 days. Failure to meet these deadlines results in interest penalties.

Two Involved in Measurement Book Scam Were Awarded Over Rs 50cr in Projects In A Year

Under Indian legislation, a 15-day notice is essential before any power cut for non-payment, with exceptions for theft or urgent safety concerns. Consumers who believe their billing is incorrect can safely deposit the contested sum while retaining their power supply during the investigation process. Any lack of notice can lead to legal violations, compelling courts to reinstate services.

A jury in Oakland ruled Elon Musk waited too long to sue OpenAI and its leaders, a decision that significantly benefits the AI company and its founders. The jury found Musk's lawsuit barred by the statute of limitations, a finding the judge indicated she agrees with. This ruling comes as OpenAI prepares for a potential IPO.

China's blocking of Meta's $2 billion Manus AI acquisition signals a shift, making Singapore a less effective shield for Chinese tech firms seeking Western exits. Regulators intervened despite Manus's Singapore registration, barring founders from leaving the country. This move suggests Beijing's scrutiny now extends beyond incorporation, impacting future international ventures.

California Governor Gavin Newsom has proposed expanding the state's sales tax to include digital prewritten software, aiming for parity with physical software sales. This move could impact software and SaaS companies, drawing comparisons to digital services taxes in other countries. The proposal, if approved, is projected to generate significant revenue for the state.

The Delhi High Court has ordered Apple to fully cooperate with the Competition Commission of India's antitrust probe into App Store practices, rejecting the company's bid to halt proceedings. Apple, which has refused to submit financial data to the CCI since October 2024, faces a potential penalty of up to $38 billion under India's competition law. The regulator cannot issue a final ruling before July 15.

Fishermen from several villages visited the Chief Minister's residence to thank the government for welfare support. Minister Nara Lokesh welcomed them and spoke about their unity. He highlighted the government's efforts to rebuild the state's economy and create jobs. Lokesh assured continued support for the fishing community and announced a defense company project at Juvvaladinne.

Venture capitalist Chamath Palihapitiya warns major consulting firms like PwC and Accenture against close partnerships with AI companies such as OpenAI and Anthropic. He argues these collaborations strengthen AI firms while enabling them to become future competitors, potentially undermining the consulting businesses themselves.

Zoho founder Sridhar Vembu has explained the company's decision not to expand its work-from-home policy, emphasizing the critical role of in-person collaboration for R&D productivity. Instead of WFH, Zoho is investing in electric bus fleets, electric cooking, and solar energy to reduce fuel consumption.

Stock market recommendations: Bajaj Finserv, and Tata Elxsi are the top stocks to buy as per Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan’s recommendation for May 19, 2026. The expert has identified TVS Motor company as a sell call:

A US-Israeli war with Iran has triggered significant global economic fallout, with companies reporting at least $25 billion in losses due to soaring oil prices and disrupted trade routes. Businesses worldwide are implementing cost-cutting measures, including price hikes and reduced production, as the conflict impacts various sectors, particularly airlines.

PRO FX Tech reported a 37% revenue surge to Rs 177 crore and a 24% net profit increase to Rs 15 crore in FY26. This growth was fueled by strong demand for premium audio products and enhanced execution across retail and business segments, despite macroeconomic headwinds. The company anticipates exceeding Rs 200 crore in revenue this fiscal year.

The case pertains to alleged fake GST bills generated through shell companies involved in phone trading, with suspected laundering of over Rs 100 crore

At Google I/O 2026, CEO Sundar Pichai announced the company's massive AI transition, processing 3.2 quadrillion tokens monthly and reaching 900 million users for its Gemini app. Google now boasts 13 products with over 1 billion users each, and five core products, including Search and YouTube, surpass 3 billion users, highlighting a decade of AI-first strategy.