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Rippling steps up AI hiring in India, looks to expand enterprise push
The firm is hiring principal engineers, senior staff engineers and senior directors among others as the lab focuses on developing core components of Rippling’s global AI platform, Parandekar told ET in an exclusive interaction.
Qcomm’s Diwali boost; Energy startups attract funds
Happy Wednesday! Quick commerce powered a strong festive season for D2C brands. This and more in today’s ETtech Morning Dispatch.
Is your HR strategy creating measurable impact? This could be the time to get it recognised
The Economic Times HR Excellence Awards 2027 shine a light on exemplary HR practices within various organizations, teams, and leaders. Encompassing 42 categories, the awards highlight significant accomplishments in realms like HR transformation, talent acquisition, employee experience, and workplace culture, showcasing how effective people strategies can directly enhance business performance.
Indian parents getting US residency? 6 financial implications to consider before applying
Investments in bank accounts, mutual funds, shares and other assets will have to be reviewed and modified. It is illegal under India’s FEMA to hold resident bank and demat accounts after moving abroad on a permanent resident status. All such accounts must be converted to non-resident, and FATCA forms disclosing the residential status abroad should be filled up.
Voters demanded economic relief. Trump and Democrats face tough choices on how to deliver
Voters have conveyed a clear message about the necessity of addressing inflation and economic issues. Both parties are preparing to respond to the economic challenges revealed by recent election outcomes. The Federal Reserve may gain independence to curtail inflation as Trump and Democrats grapple for control. Efforts to secure Social Security funding are urgent as benefits become jeopardized after 2032.
US employers add 165,000 jobs in October, but worrying joblessness trends remain: Here's what the latest numbers mean for you
US employers added 165,000 jobs in October, resulting in a decrease in the unemployment rate to 4.1 percent. Average hourly earnings saw a year-over-year increase of 3.1 percent, although it remains below the inflation rate. The US Federal Reserve might be considering a potential interest rate hike after the robust jobs report, which could be announced next month.
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Blacked out, covered in blood: What is known about Sayed Mohassib, former NYPD officer arrested days after the fatal stabbing of Brooklyn jogger Katie Suarez
Sayed Mohassib was arrested for the murder of Katie Suarez, who was fatally stabbed while jogging. Surveillance footage identified him as a suspect in the area of the incident. Mohassib claimed he blacked out and found himself covered in blood after the attack. He had previously worked as a substitute paraprofessional for the New York Department of Education. His connections to Katie during college remain unclear, as does his motive.
Can we not be so txtually depraved, please?
Many people now share personal details about their whereabouts in their text messages and phone calls. The prevalence of mobile phone use extends even to private settings like bathrooms, complicating social norms. While video calls have altered professional attire expectations, they have not changed the number of distractions available. The immediacy of notifications can intrude on personal moments and create pressure to respond.
Nasdaq rebounds but posts fourth straight weekly decline
On Friday, technology stocks saw a significant rebound, boosting investor optimism about growth in artificial intelligence amidst recent market fluctuations. The semiconductor sector soared, primarily driven by impressive gains from Nvidia and Advanced Micro Devices. Although this recovery was strong, the Nasdaq recorded its fourth consecutive weekly fall, hinting at a mixed market outlook. Job indicators remain strong, influencing Federal Reserve interest rate hike expectations.
Social Security payroll tax cap rises to $192,300 in 2027: How much more will high earners pay from their paychecks, who will be affected, and what does it mean for your take-home pay?
Social Security taxes will take a bigger bite out of some high earners' paychecks in 2027. The taxable income limit is rising to $192,300 from $184,500, meaning another $7,800 of wages will be taxed. Workers earning above the new limit could pay up to $483.60 more next year. The increase comes as retirees are set to receive a 3.6% benefit boost.
US stocks today: Nasdaq rebounds as chip stocks recover from steep losses, rate fears persist
US stocks rebound as chipmakers recover from Thursday's steep AI-led selloff, lifting the Nasdaq 1.73%. Nvidia, AMD, Intel and Micron lead the recovery, while stronger-than-expected October jobs data revive concerns over a December Fed rate hike. Airbnb rallies after raising its full-year revenue growth forecast, while Atlassian shares decline.
At 32, he battled and survived stage 3 cancer. At 50, he lost his job. Man reveals how he dealt with curveballs: ‘Rebuilding is less terrifying when…’
Motivational speaker Edgar Tang recently posted on Instagram to highlight various notable achievements he has attained throughout different phases of adulthood. He disclosed that at the age of 51, he was in superior physical condition compared to when he was 21. He obtained his diploma at 44, started therapy at 46, survived cancer at 32, and assumed caregiving duties at 38.
Who is Marisela Nuno? California woman, 53, charged with wire fraud and money laundering in $18 million COVID relief case
In a startling development, Marisela Nuno of Los Angeles has been indicted for allegedly frauding federal programs out of $18 million. She purportedly submitted misleading information across various applications aimed at pandemic relief. Currently facing three wire fraud charges and one related to money laundering, Nuno risks a lengthy prison term if convicted. The investigation into her actions underscores the serious issue of pandemic relief fund exploitation.
The business of running a hospital: Balancing profitability, patient trust and scale
A hospital’s financial health depends on more than occupancy and revenue, requiring a careful balance of cost control, cash flow and patient trust.
Why are US stock futures rising today? Dow Jones, S&P 500 and Nasdaq rebound, but will midterm elections hit Wall Street? Apple, Nvidia, Intel and AMD to watch
US stock market today: A day before the midterm elections, Wall Street is trying to bounce back. Dow futures are up 0.60% at 52,229, S&P 500 futures 0.53% at 7,654.50 and Nasdaq futures 0.84% at 28,773.50. Intel fell nearly 29% in its last session, and AMD, which reports Tuesday, lost 11%. Apple reports today and is seen as safer. Nvidia is up 1.41% premarket.
ET Product of the Year Awards 2026: Categories recognising products driving market impact
The Economic Times Product of the Year Awards 2026 celebrate cutting-edge innovations that make a substantial difference in the market and attract customer loyalty across diverse industries. Categories feature Enterprise SaaS, FinTech, Cybersecurity, as well as consumer goods such as banking solutions and smartphones. Judging criteria prioritize market presence, adoption rates, creativity, and execution excellence, with an emphasis on quantifiable achievements.
Odoo 20 strengthens business operations with deeper India-specific compliance features
Odoo 20 has launched several updates designed specifically for Indian businesses. These updates focus on enhancing GST compliance, payroll processing, and accounting workflows to meet local demands. The integration of AI facilitates improved data handling and analysis in everyday operations, ultimately boosting productivity.
AI could wipe out $200 billion of IT services work by 2030: BCG
BCG’s Sreyssha George says Indian IT firms will have to rethink how they price work, hire freshers and pay AI talent, as clients move from paying for headcount to paying for outcomes.
Microsoft buyouts 2026: Which teams qualify, which departments are excluded and how many MSFT employees are eligible for the voluntary exit offer?
Microsoft is offering voluntary buyouts to around 60,000 employees across the US, UK, India and Canada. Find out which teams qualify, which departments are excluded, what employees could receive and when they must decide whether to leave the company.
Your HR operations team keeps the business running. Is its impact being recognised?
HR operations experts are essential in boosting effectiveness and enriching the employee journey inside companies. The ET HR Excellence Awards 2027 celebrates teams that have transformed HR workflows and provided valuable insights based on data. This recognition motivates them to capture their accomplishments and receive the praise they truly merit for their impactful contributions.
Amazon layoffs to 'improve efficiency': What they mean for employees & how they compare with job cuts at Microsoft, Netflix and Oracle across Big Tech
Amazon layoffs: Amazon has cut around 250 jobs in its devices and services division, primarily in software development, as it looks to streamline operations and align staffing with product priorities. The latest layoffs add to more than 31,000 job cuts announced across several rounds since October 2025, including reductions in its retail business. The move comes amid wider workforce changes at tech giants such as Microsoft, Netflix and Oracle, as companies reassess costs and investment priorities.
Indians working in UK: Per diem paid by Indian company may be tax-free in India if these conditions are met
Indians working in the UK may receive per diem payments from their Indian employers. However, these payments are generally taxable in the UK and not in India under specific conditions. The taxability in India depends on the employee's residential status and where the employment is exercised. A recent ITAT Delhi case illustrates the application of the India-UK DTAA in determining taxability.
UK employees receiving per diem payments must separately disclose them if they cross HMRC-specified limits; Know what employees should do
In the UK, employees receiving per diem must be mindful of reporting amounts that exceed HMRC limits, as these payments are taxable income under UK law. Those who face expenses while at temporary jobs can benefit from tax relief, subject to defined limits. It's crucial to report accurately to prevent issues with tax authorities, with obligations varying by residential status and relevant treaties.
Social Security gets a 3.6% raise in 2027, but a 22% cut looms by 2032: Could a 40% payroll tax hike make Millennials and Gen Z pay more?
Your Social Security payment will rise 3.6% in January 2027, about $75 more a month on average. But the bigger story is 2032, when the retirement fund runs dry and benefits could be cut 22%. Fixing it may mean higher payroll taxes for workers, and the clock is already ticking.
The fake commute: How China's unemployed save face
Unemployed individuals in China are pretending to be employed to avoid family concerns about their jobless situation. Many are sharing tips online about how to navigate daily life while hiding their unemployment status. This behavior reflects the challenges posed by a struggling economy and increased job competition. As some individuals receive unemployment benefits, societal pressure from family members adds to their anxiety.
Company townhall and results can tell 2 different tales; here's what to check if you are worried about your next hike or promotion
Keep manager’s reassurance and employer’s financials apart, says Devashish Chakravarty. Every three months, listed companies must disclose important events to the stock exchange and most of them explain their numbers to analysts. Long before you find an email from your HR, the company has already announced its hiring freeze or restructuring plans in its earnings call.
Too old to feel guilty (Also, I have a chudail problem)
Embracing guilty pleasures can lead to personal enjoyment without the burden of embarrassment. Social norms often pressure individuals into justifying their entertainment choices. The author describes watching Ganji Chudail videos as a source of amusement and relaxation. Participants in this culture often perform guilt and apologize for simple pleasures. Finding joy in leisure activities can provide much-needed relief from everyday stresses.
Little guys make the big show: Two of MLB's smallest spenders will meet in the World Series for first time since 1991
The Milwaukee Brewers defeating the Los Angeles Dodgers sets up a unique low-budget World Series matchup. This series will begin on October 23 and features teams with lower payrolls. No small-market team has won the World Series since 2015, with recent winners predominantly from larger markets. MLB faces potential labor issues with a likely lockout starting December 2.
Low-cost jobs will be taken over by AI, most worried about outsourced ones: Workday CEO
Workday Chairman and Chief Executive Officer Aneel Bhusri told reporters at the Workday Rising Summit that AI will not lead to jobs moving out of the US or first-world countries, but may do the opposite.
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