Freshworks Cuts 660 Jobs, Realigns Focus on AI and Customer Experience

Lucknow Super Giants (LSG) triumphed over Gujarat Titans (GT) by 33 runs in an exciting IPL match at the Narendra Modi Stadium. Mitch Marsh stole the spotlight with his brilliant 117 runs off 64 balls, scoring his first IPL century. Nicholas Pooran also contributed significantly with an unbeaten 56 runs from just 27 balls, helping LSG set a formidable target of 235 runs. In response, GT struggled, managing only 202 runs despite valiant efforts from Shahrukh Khan, who scored 57 off 29 balls. William O'Rourke shined with the ball, leading LSG's bowling attack effectively.

SEBI Chairman Tuhin Kanta Pandey announced that a circular regarding the expiry days for equity derivatives will be released this month. The proposal aims to limit expiries to either Tuesdays or Thursdays, enhancing market consistency. This follows discussions by a SEBI committee on regulations for the secondary market. Notably, BSE shares fell by 4.5% after hints that NSE may choose Tuesday for expiry. The circular also emphasizes that exchanges must get SEBI's approval before changing expiry dates. Additionally, updates on NSE's IPO indicate ongoing discussions to resolve pending issues.

Drone and defense stocks in India have surged since Operation Sindoor began, following the Pahalgam terrorist attack. Key companies like Bharat Electronics and Hindustan Aeronautics have seen stock increases of 8-50%. Analysts attribute this growth to strong order expectations, despite a cautious outlook due to economic uncertainty. India's defense sector is evolving, highlighted by the integration of advanced technologies and a focus on swift retaliation against terrorism. Experts believe that while defense stocks are reasonably valued, future growth will depend on various factors.

A Haryana-based YouTuber, Jyoti Malhotra, has been arrested for allegedly spying for Pakistan. Her police custody has been extended by four days after she was caught passing sensitive information to an ISI operative. With a following of 3.77 lakh on YouTube, she reportedly visited Pakistan twice and had connections with Pakistani officials. The police are investigating her finances and have seized her devices. Her father claims he was unaware of her activities, as she often said she was going to Delhi. This incident raises concerns about digital influence and national security.

A former contract employee at Zepto has opened up about a distressing work experience, describing it as "psychological warfare." In a viral Reddit post, they shared how abusive managers created a toxic environment with no HR support. Working long hours without breaks, the employee felt constant intimidation and fear. They joined Zepto out of desperation but faced relentless pressure and a lack of empathy from HR. This alarming account raises serious questions about the work culture in fast-paced companies like Zepto, prompting a broader discussion on the importance of employee well-being.

Apara Ekadashi, celebrated on May 23, is a significant fast dedicated to Lord Vishnu, offering spiritual benefits to devotees. The fast helps wash away sins and brings blessings, guiding individuals toward moksha. The story of King Mahidhwaj, who found peace through this vrat, highlights its importance. Devotees engage in rituals, including morning baths, puja, and chanting mantras. Though names and customs may vary across India, the essence remains the same—seeking divine blessings for a virtuous life. Observing Apara Ekadashi promises spiritual merit and prosperity.

Paytm founder Vijay Shekhar Sharma recently faced an unusual impersonation scam—someone pretended to be him! He shared the amusing incident on X, capturing the attention of many. His post sparked laughter and comments on social media, showcasing the irony of the situation. While people made jokes, they also recognized the seriousness of impersonation scams. To protect yourself, WhatsApp recommends staying alert, pausing to think, and blocking suspicious contacts. This incident highlights the importance of digital safety in an increasingly deceptive online world.

Israeli PM Benjamin Netanyahu has condemned the tragic killing of two Israeli diplomats in the U.S., calling it a “cold-blooded” act of terrorism. Yaron Lischinsky and Sara Milgrim were shot outside the Capital Jewish Museum, just as they were starting their new life together. Netanyahu emphasized the need for the immediate release of hostages and refuted claims about aid not reaching Gaza, stating that aid was being misused by Hamas. He expressed gratitude for U.S. support during this difficult time, highlighting that anti-Semitism and violence have no place in society.

Royal Challengers Bengaluru (RCB) will face Sunrisers Hyderabad (SRH) on May 23, 2025, in the IPL, with the match shifted to Ekana Stadium, Lucknow due to rain concerns. RCB aims to secure a top-two finish, while SRH, already out of the playoffs, seeks to end their season positively. The pitch at Ekana is known to be slow, favoring bowlers, especially pacers. As temperatures hover around 38°C, teams winning the toss are likely to choose to bowl first due to dew conditions. Both teams have a fierce rivalry, making this match a must-watch for fans!

India's rice export prices have hit a near two-year low, dropping to $382-$389 per ton due to a weak rupee and low demand. While global rice prices are at multi-year lows, Indian stockpiles and a good Asian harvest are limiting any potential increases. Thailand and Vietnam are also experiencing price drops, primarily due to quiet demand. Meanwhile, Bangladesh faces challenges as its Aush rice production has fallen for the fourth consecutive year, raising concerns about food security. The overall market remains subdued, yet traders anticipate a slight recovery in demand.

A senior official from Leonardo SpA highlighted the necessity of investing in a new advanced fighter jet to counter threats from China and Russia. The Global Combat Air Program, involving Italy, the UK, and Japan, aims to develop a sixth-generation stealth fighter by 2035, surpassing current models like the F-35. This aircraft will serve as a control hub for drones and other military systems. With £14 billion allocated so far, the project is ambitious and crucial for maintaining defense superiority, especially considering the rapid advancements in military technology by rivals like China.

Dixon Technologies shares took a big hit today, dropping 6.21% to Rs 15538.00 amid heavy trading. This sharp decline has caught the eye of investors, especially since Dixon is part of the NIFTY MIDCAP 150 index, which signifies its importance in the Indian mid-cap sector. The high trading volume suggests that many are reacting to this downturn, making it a crucial moment for the company's investors and the market as a whole.

Today’s stock market is buzzing with activity! Key companies like IndiGo, IndusInd Bank, and Colgate are making headlines as they announce their quarterly earnings. IndiGo reported a remarkable profit increase of nearly 62%, while IndusInd Bank faced a significant loss. Colgate's profit dipped slightly, but it still declared a dividend. NALCO shined with a profit surge of over 107%. Investors should keep an eye on these stocks today as they navigate through this exciting financial landscape.

Google is developing Gemini, a universal AI assistant that aims to enhance everyday tasks across various platforms like Search and Workspace. CEO Sundar Pichai emphasizes the rapid adoption of AI, highlighting advancements like Project Starline for video communication and Gemini's ability to perform multiple tasks simultaneously. With over 400 million users and continuous updates, Gemini is designed to understand context, plan actions, and integrate seamlessly into daily life. This innovative approach positions Google at the forefront of AI technology, competing with other major players in the field.

Google CEO Sundar Pichai recently took a light-hearted jab at Microsoft’s Satya Nadella during a podcast. While discussing the AI competition, Pichai praised his rivals but humorously noted that only Nadella had invited him to "dance," referencing Nadella's earlier comments about making Google "dance" in the AI race. This exchange highlights the friendly rivalry between the two Indian-American tech leaders, who have both made significant strides in their respective companies. Pichai’s comment reflects the competitive yet respectful nature of the tech industry as they innovate and push boundaries.

BYJU'S founder Byju Raveendran addressed claims of a toxic work culture at his edtech startup, stating that the issues were exaggerated online and involved only a small fraction of employees. He acknowledged past mistakes but emphasized improvements made over time. Raveendran remains committed to rebuilding the company, which has faced significant challenges, including financial troubles and legal scrutiny. He believes these setbacks can lead to growth and resilience, promising a strong comeback for BYJU'S despite its decline from a $22 billion valuation.

In a significant crackdown, Mohali police have dismantled a fake vehicle registration racket, arresting two suspects linked to forgery. Following a complaint on May 16, authorities launched an investigation that led to raids on May 7 and 8, uncovering a suspicious Kia car with fake plates and counterfeit documents. The arrested individuals, Sukhraj Singh and Balveer Singh, were found with laptops, a mobile phone, and car keys, indicating a larger operation across Punjab. The police are actively pursuing additional gang members as the investigation continues.

Haryana YouTuber Jyoti Malhotra, accused of espionage for Pakistan, allegedly asked a Pakistani intelligence officer to arrange her marriage. Detained after her communications with the official named Ehsan-ur-Rahim surfaced, she confessed to sharing sensitive information. The investigation revealed suspicious bank transactions linked to her travels to Pakistan, where she met other intelligence operatives. Malhotra is among several arrested for suspected espionage activities, raising concerns about a larger spy network operating in India. Her case is currently under scrutiny by the National Investigation Agency.