India’s Unemployment Rate Revealed: April Insights

Meta Platforms is postponing the launch of its new AI model called Behemoth due to concerns about its performance. The Wall Street Journal reports that engineers at Meta are facing challenges in enhancing the model's capabilities significantly. Initially planned for release in April, it was later rescheduled for June, but now the launch has been pushed to the fall or later. Employees question whether the improvements are enough to make the model ready for public use. This delay highlights the challenges of developing advanced AI technologies, even for a tech giant like Meta.

In Maharashtra's Gadchiroli district, charity scams are increasing, with scammers posing as collectors for orphanages. They often carry fake ID cards and use persuasive tactics to pressure people into donating more than intended. Online scams are also on the rise, with individuals losing money after responding to seemingly genuine requests for donations. Experts suggest that donors check for genuine registration details, avoid donating to personal accounts, and confirm charities through official channels. Awareness is crucial, as scammers exploit emotional appeals and urgent requests. Always verify before donating to protect yourself from fraud.

China’s humanoid robots are not seen as a threat to human jobs, according to a Beijing tech official. Liang Liang, from one of China's largest tech hubs, believes these robots will enhance productivity and take on dangerous tasks. He emphasized that instead of replacing workers, these machines will work alongside humans, especially in challenging environments like space or deep oceans. In a recent robot half-marathon, humans and robots competed on separate tracks, showcasing their unique abilities. Liang insists that the future involves collaboration between humans and technology, leading to better products and efficiency.

Siddharth Shankar, a successful entrepreneur of Indian origin, has experienced wealth that many only dream of, yet he feels a sense of emptiness after selling his company, Tails Trading, for $500 million. He built the company into one of the world's largest brand portfolios but admits that losing his daily routine was challenging. After years of having a purpose each morning, he faced a sudden void. While he enjoyed the congratulatory messages and support from friends after the sale, he realized that the joy felt fleeting. Shankar stated he sold the business for its future, not his gain, but wonders if being more selfish might have been better.

The Indian government has given the green light for a semiconductor manufacturing facility to be built by HCL and Foxconn in the Yamuna Expressway region, near Jewar airport. This facility, part of the India Semiconductor Mission, is expected to begin production in 2027 and will focus on display driver integrated circuits. This investment, amounting to ₹3,706 crore, aims to meet 40% of India's demand for these essential components found in devices like phones and laptops. This initiative is a major step towards boosting India's electronics manufacturing capability, aiming to increase local value addition significantly by 2030.

Sam Altman, the CEO of OpenAI, has become a global sensation since the launch of ChatGPT. With a company valuation of $300 billion, he is at the forefront of AI innovation. However, his chief financial officer, Sarah Friar, faces challenges in managing finances and attracting investments needed for advanced AI development. While investors are eager to fund OpenAI due to the AI boom, the fast-paced nature of AI innovation is complicating profits. Increased operational costs and competition from rivals like DeepSeek threaten OpenAI’s market position. The future remains uncertain as it struggles to create sustainable revenue while managing rising costs.

Gold has always been a favorite investment, especially as a way to protect against inflation. In India today, the price of gold is ₹9,513 per gram for 24 karat gold, ₹8,720 for 22 karat, and ₹7,135 for 18 karat. Many people are turning to gold as a safe and valuable option for their savings. Whether for jewelry or as an investment, gold continues to shine in the minds of Indian investors. As the market fluctuates, it's essential to keep an eye on gold prices to make informed decisions.

Recent days in India have been emotionally charged with rising tensions along the borders, highlighting the fragility of peace. The fear of war looms large, yet the spirit of unity shines through. On a lighter note, the Indian Premier League (IPL) is set to resume on May 17 after a short break due to India's military operations against terror camps in Pakistan. The much-anticipated match between Royal Challengers Bangalore and Kolkata Knight Riders will kick off at the M. Chinnaswamy Stadium, marking the return of exciting cricket action across six major cities, including Bengaluru and Mumbai.

Pakistan's Prime Minister Shehbaz Sharif has made a surprising admission: Indian ballistic missiles struck the Nur Khan Airbase on May 10. This is unusual since Pakistan often denies Indian military actions. Sharif revealed that he was informed by Army Chief General Asim Munir at 2:30 am about the strikes. While he praised Pakistan's Air Force for using local technology and Chinese jets, he confirmed that India's missiles successfully hit their targets. This acknowledgment comes after India's Operation Sindoor, a military response to a terror attack in April, which targeted terrorist infrastructure in Pakistan. The situation escalated, leading to cross-border conflicts and a brief understanding of reduced hostilities between the two nations.

Delhi recently experienced a welcome break from the heat with thunderstorms and rain, but the weather department warns that more light rain and gusty winds are on the way. Wind speeds could reach up to 50 km/h during these storms. While the changing weather may provide some relief from the daytime heat, temperatures will still be high, ranging from 40°C to 41°C. Over the weekend, temperatures are expected to remain warm, and air quality has worsened, with the AQI exceeding 300 in certain areas. The weather changes come after a severe dust storm that impacted visibility and air quality.

Neeraj Chopra has once again made India proud by achieving a remarkable throw of 90.23 meters at the Doha Diamond League 2025. This new personal best not only sets a national record but also makes him the first Indian athlete to breach the 90-meter mark in javelin. Although he finished second to Germany's Julian Weber, who threw 91.06 meters, Neeraj's journey from winning gold medals in junior championships to becoming an Olympic champion in Tokyo is inspiring. His dedication and focus have kept him at the top, showing that hard work pays off.

If Royal Challengers Bengaluru (RCB) wins their upcoming match, they will reclaim the top position in the league, surpassing Gujarat Titans (GT). For Kolkata Knight Riders (KKR), securing a victory is crucial to keep their playoff hopes alive. These teams previously faced off in the season opener, where RCB triumphed by 7 wickets. Interestingly, RCB has struggled against KKR at Chinnaswamy Stadium, with their last win there dating back to 2015. However, RCB's current form, home advantage, and strong players like Virat Kohli give them a favorable edge in this highly anticipated match.

The Insurance Regulatory and Development Authority of India (IRDAI) has been without a chairman since Debasish Panda's term ended on March 13. With the insurance sector contributing a staggering ₹7 lakh crore in premium income, the government needs to act quickly. Unlike the swift appointments for the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI), the IRDAI chairmanship remains vacant. This delay affects the launch of Bima Sugam, a groundbreaking digital platform aimed at simplifying insurance for consumers. The government is expected to choose a new chairman based on experience and merit, ideally someone with extensive leadership in finance.

The Reserve Bank of India (RBI) is set to make a historic surplus transfer to the government for the financial year 2024-25. This could range from Rs 2.5 lakh crore to Rs 3 lakh crore, surpassing last year's record of Rs 2.11 lakh crore. The RBI's central board will determine the final amount on May 23, following its Economic Capital Framework (ECF), which guides the distribution of profits. The RBI's strong earnings this year were driven by dollar sales and rising gold prices. This significant transfer is expected to enhance banking liquidity, potentially leading to more favorable financial conditions.

In recent months, many tech companies have announced job cuts due to the rise of AI and automation. As companies like Microsoft, Amazon, and Google focus on efficiency and AI-first strategies, they are reducing their workforce to allocate resources better. For instance, Amazon cut about 100 jobs in its devices unit, while Google laid off around 200 employees in its global business unit. Other companies, such as Chegg and Crowdstrike, also made significant cuts to streamline operations. These layoffs reflect a shift in the industry as businesses adapt to new technologies and changing market demands.

Artificial intelligence is rapidly evolving, and businesses across the globe are eager to adopt the latest advancements. While last year focused on generative AI, this year, the spotlight is on agentic AI, which helps automate tasks with less human involvement. However, there is no standard method for implementing this technology, leading to varied approaches among organizations. Experts, like Kelly Forbes from Qlik's AI council, emphasize the need for better governance and ethical practices as AI becomes more autonomous. With the lack of a unified global AI standard, companies must focus on training and adapting to ensure responsible AI usage and decision-making.

The recent fallout of the BluSmart-Gensol scandal highlights critical issues in India's startup ecosystem. The Jaggi brothers’ mismanagement of Gensol has left many angry and disappointed, especially since the company had the potential to revolutionize the cab-hailing industry with its commitment to sustainability. Similar to the downfall of BYJU's, this case raises important questions about corporate governance and the responsibilities of founders and investors. Experts emphasize the need for better diligence practices, stronger checks on company operations, and a focus on governance to prevent future scandals in India's rapidly evolving market.

The Indian government has given the green light for a new semiconductor manufacturing facility, a collaboration between HCL and Foxconn, located near Jewar airport. This facility, part of the India Semiconductor Mission, will be the sixth of its kind in India, aiming to start production in 2027. It will focus on assembling display driver integrated circuits, crucial components for electronic devices like phones and laptops. The investment is estimated at ₹3,706 crore, and it's expected to fulfill 40% of India's demand for these chips. This initiative is a significant step toward boosting India's electronics manufacturing output and achieving the government's ambitious goals for the sector.