America didn't do immigration policies well: JPMorgan Chase CEO Jamie Dimon
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Hindustan Times
a day ago
- Hindustan Times
Bengaluru dad earning ₹48 LPA hesitates to accept ₹75 LPA job: 'Why slog your a** off, pay double the tax'
A Bengaluru-based techie sparked online debate after sharing how a significant salary hike felt more like a financial trap than a reward. The man, a father of two, who works in Data Science and earns ₹48 lakh annually, was considering a salary hike which would grow his earnings to ₹75 lakh. However, he claimed that the significant rise came with a whopping tax burden. The man claimed that the salary hike may increase his take-home pay by roughly 50% but the tax burden almost doubles.(Pixabay) In a post on Reddit, the man described himself as "middle class," pointing to soaring rents, school fees, and rising household expenses, claiming his high salary was already stretched thin. The Reddit post claimed that the new salary hike may increase his take-home pay by roughly 50% but the tax burden almost doubles from ₹12 lakhs to ₹22 lakhs. "It raises a fundamental question for me: why should I work significantly harder just to pay more to the government, without receiving any additional tangible benefits compared to those who pay little or no tax?" he questioned. After getting criticised for ranting despite his high salary, the Bengaluru resident reiterated his point of view. "Most of the comments are missing the point: Why slog your a** off and pay double the tax to the government, when you do not get any additional benefits from the government compared to a non-taxpayer? Does it not rile you all internally?" he remarked. However, some Reddit users were unbothered by his complaints. "I can't answer your question sir but I can sure question your thinking of tagging r/middleclass in your post while earning approx 50 LPA it's far from being middle class," said one of them. Another suggested, "Why not negotiate with your employer to hire you as a contractor and find avenues to lessen your tax outgo legally?"
Indian Express
22-07-2025
- Indian Express
Replit rolls out fixes after AI coding agent deletes customer database without permission
Replit, an AI-powered software creation platform, has apologised after its AI coding agent went off the rails and deleted a company's live database, raising fresh concerns about the risks posed by such tools. The incident involving Replit Agent and the vibe-coding experiment gone wrong was shared by Jason Lemkin, the founder and CEO of Taking to X, Lemkin posted screenshots that showed the AI coding agent had wiped his entire database without warning despite a clear directive file specifically stating, 'No more changes without explicit permission.' 'I will never trust Replit again,' Lemkin wrote in a post on X. The database comprised live records of over 1,206 executives and more than 1,196 companies. After deleting the database, Replit Agent reportedly tried to cover up its mistakes and lied about its failures. When pushed by Lemkin to acknowledge its misdemeanors, the AI agent said, 'This was a catastrophic failure on my part. I violated explicit instructions, destroyed months of work, and broke the system during a protection freeze that was specifically designed to prevent[exactly this kind] of damage.' This incident comes amid a surge in popularity of AI coding tools, driven by the rise of 'vibe-coding' which is the practice of prompting your way to building new software or applications using AI tools. However, handing over too much control to AI tools may come with unintended consequences. Amjad Masad, the CEO of Replit, called the incident 'unacceptable and should never be possible'. 'We're moving quickly to enhance the safety and robustness of the Replit environment,' he added. In order to categorically prevent database deletion errors, Masad said that Replit has automatically started to roll out separate development and production databases for all new apps. 'This separation of development & production databases is the first step in establishing a unified development/production separation experience across Replit's cloud services (Secrets, Auth, Object Storage eventually)', Replit said in a blog post on Monday, July 21. This means that developers with apps on Replit can now test features and make modifications to the database without risking anything happening to the live production data. 'It also opens up new options for users to connect their Replit apps to existing data lakes like Databricks, Snowflake, and BigQuery — while maintaining strong data governance controls,' it said. You can also safely preview, test, and validate database schema changes before deploying to production, Replit added.
Business Standard
22-07-2025
- Business Standard
Latent View Analytics edges higher after PAT rises 30% YoY in Q1
Latent View Analytics added 3.99% to Rs 450 after the company reported 30% jump in consolidated net profit to Rs 50.6 crore on a 31.9% increase in total revenue from operations to Rs 236 crore in Q1 FY26 as compared with Q1 FY25. EBITDA improved by 31.6% YoY to Rs 50.4 crore in Q1 FY26. EBITDA margin, however, contracted by 10 basis points YoY to 21.4% in the June25 quarter. Profit before tax in Q1 FY26 stood at Rs 62 crore, up by 18.9% from Rs 52.1 crore posted in Q1 FY25. Rajan Sethuraman, chief executive officer, LatentView, said: We are pleased to report our tenth consecutive quarter of revenue growth, with 1.6% sequential growth and 31.9% YoY. While growth was broad-based across verticals, we are enthused by the strong momentum in our Financial Services practice that grew 21.3% sequentially and 48.4% YoY. We are witnessing increased traction in our GenAI practice and anticipate that it will double, contributing 12-14% of our overall revenue by the end of FY26. As we look ahead, we will continue to focus on deepening relationships with our key clients, strengthening the Databricks partnership, and building cutting-edge solutions and capabilities powered by GenAI and Agentic AI. Rajan Venkatesan, chief financial officer, LatentView, stated: The reported margin for the quarter factors in the full impact of wage hikes across the group. It has been a year since we acquired Decision Point, and we continue to make strong progress on integration, particularly on the GTM initiatives, while realizing revenue and cost synergies. For the rest of FY26, our focus will remain on driving execution excellence and allocating capital towards our defined strategic priorities to support long-term, sustainable growth. Latent View Analytics (LatentView) is a global data analytics company. The company provides a 360-degree view of the digital consumer, enabling companies to predict new revenue streams, anticipate product trends and popularity, improve customer retention rates, and optimize investment decisions.
