From improving operational efficiency to personalizing health monitoring and supporting caregivers, artificial intelligence is revolutionizing elderly care. These tools address issues like staffing shortages, chronic condition management, and social isolation. By allowing seniors to preserve independence while improving the quality of care, AI is making a huge difference in the field of elderly care.

The United Arab Emirates (UAE) has quit the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+, ending a nearly six-decade-long membership. The decision was announced by the UAE, whose energy minister said it gives them "more flexibility" without obligations to these groups. The UAE had joined OPEC in 1967 and its departure leaves the cartel with 11 members.

Parle Products, the Mumbai-based company behind the iconic Parle-G biscuits, is said to be considering an initial public offering (IPO). The company has held talks with at least five investment banks, including Kotak Mahindra Bank, JM Financial, and Axis Bank. However, these discussions are still in their early stages and formal pitches are expected to begin by mid-May.

OpenAI, the company behind ChatGPT, has missed its user and revenue targets in recent months. The Wall Street Journal reported that this has raised concerns among some company leaders about whether OpenAI can sustain its massive data center expenses. CFO Sarah Friar is particularly worried that if revenue doesn't increase quickly enough, the company may struggle to meet future computing contracts.

The Indian government is working on a massive ₹2.5 lakh crore credit guarantee scheme to support sectors like aviation and micro, small, and medium enterprises (MSMEs). The proposal has been approved by the Finance Ministry's Expenditure Finance Committee (EFC) after inter-ministerial consultations. It aims to provide relief to businesses facing liquidity stress due to geopolitical disruptions such as the ongoing West Asian crisis.

India's fourth unit of the S-400 air defense system is on its way from Russia and will reach an Indian port by mid-May, Hindustan Times reported. The development comes just ahead of Operation Sindoor's anniversary, when the system was extensively used. The fifth unit of the device which "performed admirably during Operation Sindoor," is expected to be delivered later this year in November.

Anthropic, a leading artificial intelligence (AI) company, is offering a whopping salary of up to $400,000 for a new position. The job is based in either San Francisco or New York and pays between $320,000 and $400,000. The high-paying position has already caught the attention of major Silicon Valley figures such as venture capitalist Marc Andreessen.

AU Small Finance Bank has filed its final application for a universal banking license with the Reserve Bank of India (RBI). The move comes after the central bank relaxed the requirement of setting up a non-operative holding company for this transition. "Our bank is fully prepared for the transition in terms of its technology and products suite," said Vivek Tripathi, Executive Director at AU Bank.

Navigating the world of loans can be tricky, especially in a diverse economy like India. With a plethora of options available, knowing the most common loan types can help you make informed financial decisions. Here are five popular loan types in India, each serving different needs and purposes. From personal loans to home loans, knowing these can help you pick the right financial product for your requirements.

Investing in debt mutual funds can be a smart way to diversify your portfolio and manage risk. Unlike equity funds, debt mutual funds invest in fixed income securities like bonds, government securities, and money market instruments. They are less volatile than equity markets, making them an attractive option for conservative investors. Here's a guide to help you navigate the world of debt mutual funds effectively.