The official Coinbase website remained down for hours on Friday, hours after the company announced that AI was handling most of its workflow. The company had also announced its plans to fire 14% of its workforce, or 700 employees, on Thursday. The website's outage affected core functions, such as user transactions, and caused degraded performance due to an AWS outage.

Ex-JPMorgan banker Chirayu Rana, who accused his ex-colleague Lorna Hajdini of forcing him to become her 'sex slave', has hired a New York law firm's partner, Daniel Kaiser. Kaiser has previously represented multiple victims of sex offender Jeffrey Epstein. One of the victims he represented was Jennifer Araoz, who claimed Epstein groomed her for sex since she was 14.

The Tata Trusts board meeting scheduled for Friday has been postponed to May 16. The boards of Sir Dorabji Tata Trust and Sir Ratan Tata Trust were set to review their representation on the Tata Sons board, along with remarks by the trusts’ Vice Chairmen on a possible public listing. This is the second time the meeting has been rescheduled.

The Indian benchmark indices, BSE Sensex and Nifty 50, opened in the red on Friday. The Sensex fell nearly 400 points to 77,451, while the Nifty dropped 115 points to 24,221 in early trade. The decline came amid fresh US-Iran tensions after US forces struck Iranian military facilities linked to attacks in the Strait of Hormuz.

UpGrad has filed a merger application with the Competition Commission of India (CCI) for its proposed acquisition of Unacademy, Moneycontrol reported. This marks the first formal regulatory step in the deal. "The proposed combination will enable the acquirer (UpGrad) to enter the online test preparation segment, in which it does not currently have a presence," the filing said.

Siemens Mobility has officially handed over the first D9 9000 HP electric freight locomotives to Indian Railways under its massive ₹26,000- ₹27,000 crore contract for 1,200 locomotives. Built in Dahod, Gujarat, the advanced freight engines are among India's most powerful electric locomotives and are expected to significantly boost freight efficiency, logistics capacity.

Punjab National Bank (PNB) has approved a massive ₹3,400 crore technology and AI investment plan to strengthen cybersecurity, fight digital fraud, and modernise banking operations. The bank is expanding AI-driven fraud detection, predictive analytics, and automated customer services while sharply increasing cybersecurity spending amid rising concerns over AI-powered cyber threats.

Microsoft has revealed details of its first-ever large-scale voluntary retirement program covering over 8,500 US employees. Eligible workers will receive healthcare support for up to five years, cash severance up to 39 weeks of base pay, and accelerated stock vesting benefits. The move comes as Microsoft aggressively cuts costs and restructures operations amid massive AI push.

Piramal Finance has reportedly used AI bots to hire 262 entry-level sales employees without human interviews, signalling a major shift in recruitment practices across India's financial sector. The AI system handled resume screening, interview scheduling, candidate evaluation, and hiring decisions. The development highlights how AI is rapidly transforming white-collar jobs.

The government is reportedly considering a major hike in the minimum EPS-95 pension, with proposals ranging from ₹1,500 to ₹3,000 or higher. If implemented, the biggest benefit may go to low-income EPFO pensioners with shorter service periods and salaries between ₹10,000 and ₹14,000. However, no final approval has been officially announced yet.