
RBI May Have Easing Room if Inflation Undershoots, Governor Says
India's central bank may have space for further policy easing if inflation undershoots its projections, according to Governor Sanjay Malhotra.
'As regards any future easing, while it will not be right on my part to preempt the Monetary Policy Committee, if the inflation outlook turns out to be below our projections, it will open up policy space,' Malhotra, said in an interview to the Business Standard newspaper published on Tuesday.
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Entrepreneur
14 minutes ago
- Entrepreneur
I Made Our Company Culture Public. Here's What Happened to Our Business
Here are some lessons learned from my experiment with workplace transparency. Opinions expressed by Entrepreneur contributors are their own. I was doing walk-and-talk check-ins with our Seoul team. The first meeting went great, a check-in over iced Americanos. The second employee walked in and answered the same question I'd asked her teammate, word for word. They'd traded texts in the 75 seconds between meetings. That moment showed me: internal information moves faster than management. Employees share everything now, including their 360s. We can pretend we control the narrative while employees screenshot Slack messages and share salary data. Or we can lead by setting the terms of transparency ourselves. Culture leaks through Glassdoor, LinkedIn and group chats. Why not build with intention? After experimenting with transparency for thirteen months, I'm learning the rules. Related: My Employee Used AI to Ask for a Raise. So I Used AI to Say No — Here's What Happened Next From building products to building culture in public Developers pioneered "building in public." They tweeted revenue charts and shared prototype GIFs. Their transparency attracted users, generated feedback and built investor trust. Company culture can follow the same path, with one crucial difference: culture affects people, not code. The stakes are exponentially higher. A software bug breaks, you fix the code. Cultural transparency goes wrong, and you damage careers, relationships and safety at work. Start small and test everything Treat each disclosure as a product feature. Start with the smallest public unit you can handle. Measure impact. Iterate. We tied our company values to specific projects on our website. We showed how those values played out in practice. Then we showed our salary band and had an open Q&A Zoom. The feedback was immediate. Employees appreciated knowing where they stood, compensation-wise. They had pointed out questions about the increase and advancement criteria we hadn't communicated. Transparency isn't a virtue; it's just a tool for building trust. Trust fuels team performance, retention and honest feedback loops that strengthen organizations. As you experiment with transparency, you'll make mistakes. That's where the next principle becomes crucial. Related: Full Transparency Is More Than a Morale Booster — It's a Critical Growth Driver. Here's How to Embrace It. Humility as your operating system Humility is your primary tool. I share my leadership missteps. Employees see that mistakes are normal, not fatal. Recent example: I posted preliminary customer renewal data in Slack without context. Teams panicked, assuming crisis mode. Within an hour, I followed up with seasonal context and historical comparisons. I acknowledged my error and explained what I'd learned. Lesson: add narrative, not numbers. Data without a story creates anxiety, not insight. When you mess up transparently, fix it transparently. Outcome focus prevents performance art Company transparency risks becoming performative with sharing happening for sharing's sake. The cure: relentless outcome focus. Track how openness impacts business metrics: project cycle times, employee satisfaction scores, Glassdoor ratings and retention rates. We share monthly business metrics with the entire team, not leadership alone. The team appreciates joining the conversation. Our employee net promoter scores have increased 12%, although it's hard to attribute all the rise to one change. But tracking outcomes is only half the equation. The other half is preparing your leadership team for a world where their every conversation might become public. Retraining leadership for the public era This approach requires retraining managers. Old coaching models assumed closed doors. Now, tough feedback conversations resurface as screenshots in group chats. We teach managers to: State facts plainly without emotion. Speak as themselves, not corporate agents. Document their decisions and lead with the why. Assume conversations will go public. Related: How Companies Can Develop Leaders Who Actually Deliver Results When to pause Even with seasoned managers, there will be situations when transparency becomes counterproductive. That's why defining clear boundaries is essential. We've laid out stop conditions. Active deals or employee safety threats require pausing disclosure. And we try to talk about scars more than active wounds. People prefer hearing about resolved challenges rather than ongoing crises. Traumatic personal situations make strong disclosures, but only after resolution. Transparency builds trust and alignment. It's not a religious commitment overriding safety and judgment. Not everything belongs in public. We distinguish transparency that builds trust from exposure that breaks it. Performance conversations stay private; public critique without consent is cruelty, not culture. Layoff discussions stay confidential until we notify affected employees. We share salary bands, not individual salaries. We publish promotion criteria, not candidates under consideration. We're transparent about strategic priorities, not M&A targets. The test: Does sharing help our team make decisions, or create anxiety and speculation? Transparency empowers. It doesn't paralyze. The competitive advantage of transparency Visible culture can't be faked. You build the workplace you claim, not write mission statements. Candidates self-select based on facts, not marketing. People who join know what they're signing up for. Culture fit improves. Early turnover decreases. The ongoing experiment I don't have a final blueprint. I have experiments, data points and faith that it's what the company needs. You don't build culture to publicize it. You publicize it to force yourself to build it. Your culture is already public. The only real question is: will you shape that or let it shape you? I'm still figuring it out. But I'd rather build in the open than pretend in private.
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Travel + Leisure
an hour ago
- Travel + Leisure
Is It Safe to Fly on Boeing 787 Dreamliners?
Boeing is once again under scrutiny after a tragic Air India crash on June 12 involving a Boeing 787 Dreamliner. The flight, en route from Ahmedabad to London, went down shortly after takeoff and has claimed at least 270 lives. Just days after the deadly crash, another Air India flight turned back on a route from Hong Kong to New Delhi due to technical issues and it, too, was a 787 Dreamliner. Now, travelers have questions about whether or not it is safe to fly on Boeing's 787 Dreamliner plane. (According to aviation analytics firm Cirium, there are 1,148 Boeing 787s in service worldwide.) While there is an investigation looking into what caused the Air India disaster, no official determination has been issued yet. Because of the pending investigation, the Federal Aviation Administration (FAA) is not currently planning on grounding the U.S. fleet of Boeing 787s. According to Simple Flying, the FAA does not have enough data to make that sweeping decision. At the time of publication, the Wall Street Journal reported that the AirIndia plane's emergency-power generator was active when it crashed last week. Secretary of Transportation Sean Duffy said there needs to be more information before any decisions are made. "They have to get on the ground and take a look,' Duffy told Reuters. 'But again right now it'd be way too premature. People are looking at videos and trying to assess what happened, which is never a strong, smart way to make decisions on what took place." This means that as the investigation continues, it is possible the FAA could decide to ground U.S. 787s. And with two major U.S. carriers (United Airlines and American Airlines) relying on the aircraft, a nationwide grounding would cause massive service disruptions. United is one of the largest operators of the Dreamliners in the world: in 2023, the carrier placed an order for 50 more of the planes and already has 78 Dreamliners in service, according to Planespotters. This is not the first time the aviation giant has faced serious questions. Over the past five years, Boeing has been linked to a string of high-profile incidents, including two fatal crashes involving its 737 Max Max planes in Indonesia (2018) and Ethiopia (2019). More recently, in 2024, there were non-fatal incidents like a door flying off a Boeing plane and another jet dropping suddenly in altitude. Despite the ongoing investigation, it is clear there are still safety concerns. Air India canceled five 787 flights since the Thursday crash. Even though safety checks were conducted on the planes, Air India cited a need for increased safety precautions, according to Aviation A2Z. You can check for updates on the FAA's decision regarding the Dreamliners on
Yahoo
an hour ago
- Yahoo
Multiplier Holdings Launches With $27.5 Million in Funding to Accelerate the AI Journey for Professional Services Firms
Funding led by Lightspeed Venture Partners will help Multiplier acquire high-growth firms to improve client experience, growth, and productivity with AI SINGAPORE, June 18, 2025--(BUSINESS WIRE)--Today, Multiplier Holdings, a technology company building AI-native professional services firms, publicly launched with $27.5 million in Seed and Series A funding. The Series A round was led by Lightspeed Venture Partners with participation from Ribbit Capital (led the Seed), EDBI, and SV Angel. Multiplier is helping to overcome the AI adoption hurdle by acquiring specialized professional services firms and integrating custom AI automation to deliver better results for clients, drive efficiency and fuel growth. Globally, the professional services market is valued at over $6 trillion, and is projected to grow significantly in the coming years (e.g., tax advisory services are forecasted to grow at 11.2% CAGR). Tax, accounting, specialized advisory and other high-stakes professional services firms face more demand than they can supply with a declining workforce, alongside high labor costs and legacy technologies. Multiplier acquires ambitious boutique services firms, onboards them to its AI-driven practice management platform, and then iteratively and diligently works with the firms' domain experts to uplevel the client experience and improve the scalability of the business. "Vertical SaaS might not be the best path to modernize an industry. Building an AI-native professional services platform from the ground up creates the most technological leverage and captures more incentive alignment between domain and technology experts than traditional SaaS," said Justin Overdorff, Partner at Lightspeed Venture Partners. "The Multiplier approach—an AI-first software company acquiring existing service firms to compete directly in the services business by using proprietary technology—allows us to elevate the client and staff experience in a radical way. As it scales, Multiplier can become the preferred buyer in these categories by underwriting the largest and most repeatable post-acquisition improvements to the business while ensuring firm owners and staff participate in the upside." Multiplier partners with the firms it owns to directly embed its technology, iteratively developing new features and offering hands-on technical support as a long-term owner, working alongside the firm's staff to create customized AI-driven solutions to fit the exact needs of each specialized firm. This approach enables Multiplier to build customizable solutions to automate critical but time-consuming tasks and free up time to deliver better outcomes for clients. "We believe the market will reward players who compete on technology-enabled client service through an integrated platform of people and tech. While our portfolio firms maintain operational independence, we align incentives across all stakeholders—from Multiplier leadership to firm leaders and staff—creating hybrid technology firms with exceptional client service, automation, and quality that traditional firms using off-the-shelf AI solutions simply cannot match," said Noah Pepper, CEO of Multiplier Holdings and former Stripe executive. The model is working. Within the first eight months since starting their tech build-out, Multiplier's AI-powered platform helped Citrine International Tax multiply cash flows by approximately 2.5 times and eliminate large swaths of highly manual work. A significant portion of this lift was shared back with the staff of the firm in the form of performance bonuses while delivering enhanced service to clients. "When Noah approached us, we saw Multiplier as a unique opportunity to become part of a technology firm and deliver a truly differentiated level of client service– all while growing the business together," said Gregory Trotman, founder of Citrine International Tax. "The Multiplier team immersed themselves in our workflows, built a custom end-to-end technology platform and worked with our staff to streamline everything from client onboarding to billing, resulting in a huge lift in productivity." Clients are noticing the impact of the technology too: "Citrine has been a major upgrade compared to prior firms we used. Emily, our advisor at Citrine, is more responsive and easier to work with, and the tools she's using help us gain clarity and confidence about where our return is in the workflow - and rapidly confirm when things have been submitted to the authorities," said Keith Robinson, an American technology investor and former C-level executive living in London who became a Citrine client in the last year. About Lightspeed Venture Partners Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in AI, Enterprise, Consumer, Health, and Fintech. Over the past 25 years, the Lightspeed team has backed hundreds of entrepreneurs and helped build more than 500 companies globally including Abridge, Affirm, Anthropic, Cato Networks, Epic Games, Glean, Mistral, Moveworks, Navan, Netskope, Rubrik, Snap, Wiz, and more. Lightspeed and its global team currently manage over $30B in AUM across the Lightspeed platform, with investment professionals and advisors in the U.S., Europe, India, Israel, and Southeast Asia. About Multiplier Holdings Multiplier Holdings scales high-impact professional services firms through the power of AI. Multiplier's unique model entails acquiring professional services firms, like specialized tax and accounting practices, and transforming them into more scalable, profitable businesses by systematically integrating custom AI solutions. Multiplier holds a library of AI and workflow components developed in-house that can be configured to fit the needs of each acquired firm. This allows Multiplier to automate critical, time-consuming tasks to increase firm efficiency and productivity and drive growth, while improving both the customer and employee experience. To learn more, visit View source version on Contacts For press inquiries contact Chelsea Corona ccorona@ Sign in to access your portfolio