Recruitment platforms Glassdoor and Indeed lay off 1,300 employees, replacing them with AI: Will there be a time when bots will be hiring bots?

Glassdoor and Indeed, under Recruit Holdings, have laid off 1,300 employees due to a strategic shift towards AI-driven automation in hiring processes. This restructuring aims to streamline recruitment by using AI for tasks like resume screening and candidate ranking. The move raises concerns about the future of human roles in HR and the broader implications…

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Forex update: Reserves fall by $3 billion to $699.736 billion in early July; foreign currency assets slip sharply

India’s foreign exchange reserves experienced a decline of $3.049 billion, reaching $699.736 billion for the week ending July 4, as per RBI data. This decrease was primarily driven by a significant drop in foreign currency assets, although gold reserves and SDRs saw increases. The reserves are crucial for managing external vulnerabilities and maintaining financial stability.

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Maharashtra class 5 and 8 scholarship results 2025 out: 22.06% students qualify, check details here

The MSCE Pune declared the Class 5 and 8 scholarship exam results held on February 9, 2025, revealing a 22.06% pass rate out of 9,13,258 students. Class 5 students outperformed Class 8, but overall performance indicates a need for improved foundational learning in Maharashtra. Only 31,786 students made the merit list, highlighting academic challenges.

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UAE: Faya Palaeolandscape in Sharjah added to UNESCO World Heritage list as second national site

Sharjah’s Faya palaeolandscape has been added to the UNESCO World Heritage List, marking the UAE’s second such site. With evidence of continuous human presence spanning 210,000 years, including advanced stone tools, the site offers rare insight into early human settlement in Arabia. The listing affirms the UAE’s role in global heritage preservation and archaeological research.

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Currency watch: Rupee slips to 85.80 vs dollar on tariff jitters; equity selloff, weak RBI data add pressure

The rupee weakened to Rs 85.80 against the US dollar due to struggling domestic equities and global trade tensions fueled by Trump’s tariffs on Canadian goods. A strengthening dollar index further pressured the rupee, while forex reserves dipped by $3.049 billion. India continues trade talks with the US, aiming for a phase-one agreement by fall,…

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