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EPF Scheme 2026: Key Changes and What Employees Need to Know
India's new EPF Scheme, 2026, replacing the 1952 version, maintains core features like contribution rates and protected balances. It introduces clarifications on voluntary contributions, withdrawal rules, and digital processes, aiming for a modernized, flexible framework.
Blue Origin Seeks $10 Billion Investment at $130 Billion Valuation
Blue Origin, founded by Jeff Bezos, is seeking its first outside investment of $10 billion at a $130 billion pre-money valuation to accelerate growth and compete with SpaceX. CEO Dave Limp stated the fundraising reflects investor confidence in the company's long-term plans.
AI Startup Rilla Spends $1.7 Million Annually on Housing Stipends for Employees
AI sales software company Rilla in Brooklyn offers employees an annual $18,000 housing stipend to live near its Williamsburg HQ, costing $1.7 million yearly. This aims to reduce commuting for its 120 employees working 72-hour weeks.
EPFO Centralizes Database, Announces Faster Service Delivery and Higher Withdrawal Limits
EPFO has centralized its member database for faster service delivery. Key changes include annual interest credit by July 15, 2026, increased auto-settlement limits for advance withdrawals to Rs 5 lakh, and automatic PF account transfers upon job changes.
Gulf Companies to Reveal Iran War's Financial Impact in Q2 Earnings
Gulf companies' Q2 earnings this week will show the financial impact of the Iran war. Banks and real estate face inflation/interest rate challenges, while energy firms see price gains offset disruptions. Telecoms remain resilient. Ongoing conflict suggests persistent risk premium.
Kevin LaChapelle, Xbox Platform VP, Departs Microsoft After 37 Years Amid Layoffs
Kevin LaChapelle, VP of Xbox Platform, is leaving Microsoft after 37 years following recent layoffs. He led engineering for Xbox backward compatibility and Xbox Cloud Gaming, reflecting on his career and colleagues in a LinkedIn post.
