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Trump defends Education Department cuts: ‘We want to keep the best people’ after axing 1,300 jobs

Trump defends Education Department layoffs, claiming many workers ‘don’t work at all’ President Donald Trump has firmly defended his decision to lay off 1,300 workers at the US Department of Education, calling the cuts an essential part of his efforts to eliminate inefficiencies within the federal government. Trump’s remarks came shortly after the Education Department…

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Sebi expands scope of unpublished info

NEW DELHI: Sebi has widened the ambit of the scope of Unpublished Price Sensitive Information (UPSI) by including any proposed fundraising activities agreements which can impact the management or control of the company, restructuring plans, and one-time bank settlements. The new rules would come into force from June 10. Source link

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Only 1,525 DLs cancelled in 5 years despite digital efforts to curb violations | India News

NEW DELHI: In past five years, barely 1,525 driving licenses (DLs) were cancelled for committing traffic violations, despite all the talk about efforts to catch violators through digital capture. While 50% of the cancellations occurred in Tamil Nadu, Delhi and Bengal reported only three each, followed by four in Haryana. Road transport minister Nitin Gadkari…

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GenAI in banking to up productivity by 46%: EY

MUMBAI: India’s financial sector is embracing generative AI at pace, with banks, insurers, and non-bank lenders deploying it to cut costs and improve efficiency. An EY report suggests productivity gains in banking operations could reach 46% by 2030. The report found that 74% of financial firms have initiated proof-of-concept trials, 42% have allocated budgets, and…

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Why DeepSeek’s success is a wake-up call for US universities in the race for AI dominance

Why China’s DeepSeek AI model could surpass US innovations: A challenge to higher education and STEM investment. (Getty Images) The emergence of China’s DeepSeek AI model is raising alarms in the US tech and education sectors. With rapid advancements in artificial intelligence (AI), DeepSeek has shown how far China’s innovation ecosystem has come, challenging the…

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