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India's Millionaire Growth Matches Switzerland Amid Global Wealth Surge
A new UBS report reveals global personal wealth grew 10.8% in 2025, with India outpacing many developed markets. India's wealth is rooted in real assets with less debt, and it now has as many millionaires as Switzerland, though wealth concentration remains high.
Government Seeks New ONGC Chairman, Eases Eligibility Criteria
The government is searching for a new ONGC chairman, relaxing eligibility rules. The retirement age at 60 is removed for a fixed three-year tenure, extendable by two years. The maximum age for applicants is now 59.
Silver Prices Crash Over 50% from Peak: Experts Divided on Bull Run's End
Silver prices have plummeted over 50% from their January peak, sparking debate among experts on whether the bull run has ended. Factors including profit booking, geopolitical tensions, and industrial demand fluctuations contribute to the sharp correction, contrasting with a less severe decline in gold prices.
Microsoft Plans Thousands of Job Cuts, Affecting Less Than 2.5% of Workforce
Microsoft is preparing to cut around 5,500 jobs, less than 2.5% of its global workforce, as it shifts billions towards AI. The layoffs, expected as early as next week, will impact sales, consulting, and the Xbox division, and have reignited debate over the H1-B visa program.
Microsoft Prepares for New Round of Layoffs Amid Cost-Cutting and AI Investments
Microsoft is set to announce another round of layoffs, impacting sales, consulting, and Xbox divisions, as part of cost-cutting efforts and increased AI investments. While smaller than last year's cuts, thousands of positions could be eliminated, affecting less than 2.5% of its workforce.
EPF Scheme 2026 Replaces 1952 Version Under New Social Security Code
The Employees' Provident Funds Scheme, 2026, has replaced the 1952 version under India's Social Security Code, 2020. While contribution rates and UAN remain unchanged, the new framework emphasizes digital processes and introduces stricter governance for exempted trusts, with the government gaining power to temporarily reduce contributions during emergencies.
