Top Tech News Today: Yellen Tells US Inflation Will Be Much Lower by End of 2023! Data Available on Crypto is Misleading, Says RBI Deputy Governor T Rabi Shankar

Yellen predicts that American inflation would significantly decline in 2023! Read more tech news

Good morning tech fam, here are some quick tech updates for you to catch on to!

What's New Today: Microsoft Tops the Best-Managed Companies of 2022. According to the Drucker Institute's annual Management Top 250 list, the company ranks first once more.

Fast-Track Insights: FTX collapse: The US House Financial Services Committee believes that US should Ask Companies to Disclose Involvement with Crypto Firms.

In the absence of an unanticipated shock, U.S. Treasury Secretary Janet Yellen on Sunday predicted that inflation will significantly decline in the country in 2023. According to Yellen, who spoke to CBS, the pace of economic growth has significantly slowed, inflation has decreased, and she is still optimistic about the future of the labour market. She expressed her hope that the recent surge in inflation would be temporary and claimed that the U.S. government had learned "a lotta lessons" about the need to control inflation following the high prices of the 1970s.

This year, the technology industry's hold on the top positions in the annual Management Top 250 rating loosened. Microsoft Corp. MSFT saw a decline of 0.80%; the red down pointing triangle maintained its position as the best-run company in the US for the third consecutive year. With a recent major bet on the cloud and a concentration on its Azure business since Chief Executive Satya Nadella assumed control in 2014, Microsoft has reaped significant rewards.

The Nifty 50 businesses' stock HCL Technologies Ltd. fell about 7% on Friday, making it the worst performer. How come? The fact that HCL now anticipates FY23 revenue growth to be at the lower end of the range of 13.5-14.5 percent in constant currency terms is a significant highlight of the company's US Investor Day, which was conducted last week. This is due to the fact that the IT services company is experiencing slightly more furloughs than anticipated.

• Rabi Sankar, Deputy Governor of the Reserve Bank of India (RBI), implied that the cryptocurrency data that is now accessible as being misleading and stated that regulations governing these digital currencies must be based on a clear understanding of what they are and how they operate. In order to effectively regulate cryptocurrency, he also asked for a single communication to be sent to all parties. The deputy governor also advocated for the creation of a project based on the Crypto-Asset Reporting Framework developed by the Organisation for Economic Co-operation and Development (OECD).

The US Securities and Exchange Commission (SEC) has instructed publicly-traded corporations to inform investors about their involvement with faltering cryptocurrency firms in the wake of the collapse of cryptocurrency exchange FTX. In a letter to the companies, the SEC said that recent bankruptcies and financial difficulties among participants in the markets for crypto assets had significantly disrupted those markets. Following the failure of its potential merger with the top cryptocurrency exchange Binance, FTX filed for bankruptcy last month.