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Consumers lost $2.1 billion to social media scams in 2025, FTC reports

finger pointing to Facebook mobile app displayed on a smartphone screen

Americans lost $2.1 billion to social media scams in 2025, according to a new report from the U.S. Federal Trade Commission (FTC). The agency reports that losses from social media scams have increased eightfold, and that social media scams resulted in higher losses than any other method scammers used to contact consumers. Nearly 30% of […]

Trump demands ABC fire Jimmy Kimmel

President Donald Trump is calling for Disney to fire Jimmy Kimmel. On Thursday, Kimmel joked that Melania Trump had looked like an “expectant widow” in a skit about the upcoming White House Correspondents’ Dinner. The skit aired days before an armed gunman made an assassination attempt at the event, which President Trump and Melania Trump […]

OpenAI ends Microsoft legal peril over its $50B Amazon deal

OpenAI CEO Sam Altman Testifies In Senate Commerce Committee Hearing On The AI Race

On Monday, Microsoft and OpenAI announced that they have, once again, renegotiated the deal binding the two companies. Despite some opinions on X that frame it as a victory for the ChatGPT maker over the Windows giant, both sides are walking away winners. Most important, the new terms solve an issue that was hanging over […]

Rebuilding the data stack for AI

Most organizations have had thousands of these dashboards and reports proliferate across the organization and then they need to be customized. It just takes a long time for users inside of the business to actually get access to the data. AI now is really making that a lot easier from just the analytics perspective where […]

RBI to implement phased FX derivatives reporting norms from July 2027 | Finance News

Business Standard

The Reserve Bank of India (RBI) will implement its reporting framework for over-the-counter (OTC) foreign exchange (FX) derivative contracts involving the rupee in phases from July 1, 2027 onwards, while retaining most of the provisions set out in its draft directions for Authorised Dealer Category-I (AD Cat-I) banks.   The phased timeline follows feedback […]

Corporate credit card overdue applicable only to corporate entity: RBI | Finance News

Business Standard

The Reserve Bank of India (RBI) on Monday said that for corporate credit cards issued under the joint liability structure, overdue reporting and asset classification will be applicable only to the corporate entity.   In the new asset classification, provisioning, and income recognition directions, the RBI said, “…in cases of corporate credit cards […]

Rossari Biotech sets up new R&D facility at Navi Mumbai | Capital Market News

Last Updated : Apr 27 2026 | 7:50 PM IST The board of Rossari Biotech at its meeting held on 27 April 2026 has approved the relocation and shifting of the Company’s existing Research and Development Facility located at IIT Bombay to Ellora Olearise, A-786, 06th Floor, Khairane MIDC, Koparkhairane, Navi Mumbai – 400 710. […]