PAM Financial News
11.01 / 05:27
markets
Digital
Strategy
Experts
PAM
Podcasts
Zuckerberg says most companies need more ‘Masculine Energy’
“Masculine energy I think is good, and obviously society has plenty of that, but I think that corporate culture was really trying to get away from it,” Zuckerberg said during a nearly three-hour-long conversation with podcaster Joe Rogan published on Friday. “It’s like you want feminine energy, you want masculine energy,” Zuckerberg said during the episode of The Joe Rogan Experience. “I think that that’s all good. But I do think the corporate culture sort of had swung toward being this somewhat more neutered thing,” he added, before discussing his passions for mixed martial arts and hunting invasive pigs in Hawaii.
11.01 / 05:27
markets
Digital
Strategy
Experts
PAM
reports
BJP, Congress hold on to Lutyens’ Delhi bungalows despite headquarters, raising questions
BJP and Congress continue to occupy government bungalows in Lutyens’ Delhi, in violation of official norms. Both parties currently hold two bungalows each, long after deadlines set under the 2012 policy for vacating such properties, reported TOI. The rules mandate political parties to vacate government accommodations within three years of being allotted land or completing office construction. Sources reveal that BJP occupies bungalows at 11, Ashoka Road, and 14, Pandit Pant Marg, even after inaugurating its headquarters on Deen Dayal Upadhyay Marg in February 2018. Congress, which recently completed construction of its office on Kotla Road, still occupies bungalows on Akbar Road and Raisina Road. “The rule applies to all political parties. There is no indication when these bungalows will be vacated,” TOI quoted a source as saying, adding that six bungalows are currently under political use.
11.01 / 04:49
markets
Strategy
Celebrity
PAM
country
Department
Bangladesh to skip 150-year celebration of India Meteorological Department
India Meteorological Department (IMD), authorities have said, citing restrictions on non-essential foreign travel at government expense. Mominul Islam, the acting director of the Bangladesh Meteorological Department (BMD), on Friday confirmed receiving the invitation from the IMD a month ago, saying: «The India Meteorological Department invited us to their 150th anniversary celebrations. We maintain good relations and continue to collaborate with them.» «However, we are not going to the event as there is an obligation to limit non-essential foreign trips funded by the government,» Islam told bdnews 24. He emphasised the regular contact between the two agencies, noting his recent visit to India on December 20, 2024, for a separate meeting with Indian meteorologists.
11.01 / 04:49
markets
Target
Digital
Strategy
Experts
PAM
India's rice stocks hit record high, wheat reserves deplete
rice stocks hit a record high at the start of January, reaching eight times the government's target, while wheat stocks continued to deplete as traders urged the government to increase wheat sales amid market shortages. Higher rice stocks would enable the world's biggest exporter of the staple to accelerate exports. However, dwindling wheat stocks will likely deter the government from releasing more stock to bulk consumers. Rice reserves in state granaries, including unmilled paddy, totalled 60.9 million metric tons of Jan. 1, compared to the government's target of 7.6 million tons, data compiled by the Food Corporation of India showed.
11.01 / 04:49
markets
Digital
Strategy
PAM
social
information
Investigations
CCPA seeks additional documents from Ola Electric for ongoing investigation
Ola Electric for additional documents as part of its ongoing investigation into the electric two-wheeler manufacturer. “In continuation of the earlier letter received from the Central Consumer Protection Authority dated December 04, 2024, by Ola Electric Mobility Limited (the Company) we would like to inform you that the Company has received further request for information via email dated January 10, 2025,” Ola Electric said in an exchange filing on Friday. This comes days after the Karnataka High Court granting the Bhavish Aggarwal-led firm a six-week extension to submit its response to the CCPA. The CCPA first issued the show-cause notice to Ola Electric on October 8, 2024 over alleged consumer rights violations, misleading advertisements, and unfair trade practices.
11.01 / 04:49
markets
Citi
Digital
CEO
Strategy
Align
PAM
Congnizant gives a different hike as IT co changes retirement age from 58
Cognizant has increased the retirement age for its employees in India from 58 to 60 years, bringing it in line with broader market practices, ToI reported. This change applies to all employees in the country, including those who have relocated on-site without a change in payroll. “This change aligns with common market practice and our commitment to attract and retain experienced talent,” the company stated in a memo reviewed by The Times of India. Most IT companies in India currently set their retirement age at 58, making Cognizant’s move a notable shift in policy aimed at leveraging experienced professionals in a competitive talent landscape. Speaking at an event in India, Cognizant CEO Ravi Kumar S shared with PTI the company’s vision for India’s role in its global operations. Ravi, who recently received the Pravasi Bharatiya Samman 2025 award from President Droupadi Murmu, highlighted India’s growing significance in the global technology landscape.
11.01 / 04:49
markets
Digital
Strategy
War
PAM
Last-minute sanctions on Russia to help Ukraine, says Biden
Joe Biden said Friday. Ten days before passing on the baton to Donald Trump, the Biden Administration on Friday slapped sanctions on scores of companies and entities that were helping Russia in its export of energy, in particular gas. Two of those companies were from India. «The sanctions are imposed today because they will have a profound effect on the growth of the Russian economy and make it more difficult for Putin to conduct his wars. »It is probable that gas prices could increase as much as USD 0.03 to USD 0.04 a gallon, but that's going to have a more profound impact on Russia's ability to continue to act in the way it's acting in the conduct of war," Biden said in response to a question.
11.01 / 04:49
markets
Digital
Strategy
Dreams
Experts
PAM
Features
Train to Kashmir will start very soon: Ashwini Vaishnaw
Ashwini Vaishnaw has announced that a long-cherished train service between Jammu and Kashmir valley will start very soon. «The outstanding project to build a new railway route is a testament to engineering excellence and determination, overcoming significant geographical and climatic challenges,» he added. Talking to the media about the project during the inspection of new coaches of Amrit Bharat train and other projects at Integral Coach Factory (ICF) in Chennai, the minister said that this was a significant dream of the nation, a new railway line connecting Jammu and Kashmir, which involves immense complexity. Out of the 111-kilometre railway line, 97 kilometres consist of tunnels and 6 kilometres were bridges.
11.01 / 04:49
markets
Digital
Aware
Strategy
Experts
PAM
country
Tripura MSMEs urged to use bamboo, rubber to make products needed in defence sector
Tripura should focus on making products needed in the defence sector by using bamboo and rubber which grow aplenty in the northeastern state, speakers at an awareness session said here on Friday. The Kolkata-based Bharat Chamber of Commerce (BCC) organised the one-day awareness session. Aerospace and Defence expert Balpreet Singh highlighted the capabilities of Tripura that could be leveraged by the MSME and startups. Rubber could also be utilised in manufacturing tyres, tubes, gloves, uniforms and other gears used in the defence sector, he said.
11.01 / 02:11
markets
Digital
Strategy
Trade
Experts
PAM
surfing
Small small but premium: FMCG bets on ‘access packs’ to boost demand
Hindustan Unilever, Britannia, ITC, Godrej Consumer Products, Colgate Palmolive and Adani Wilmar are all introducing ‘access packs’ of premium brands across traditional and modern retail channels, including kirana stores, to target price-sensitive consumers amid muted urban demand. HUL, the country’s largest FMCG company, recently launched a Rs 10 pack of its Surf Excel Liquid, a sharp drop from its earlier entry price of Rs 110. Similarly, Colgate has introduced select premium toothpaste variants at Rs 80, down from the previous lowest price of Rs 170.
11.01 / 02:11
markets
Digital
Strategy
Deloitte
Cycling
PAM
show
With lower hikes, MNCs in India to start 2025 on cautious note
Those running Global Capability Centres (GCCs) in the country are paying out the highest increments, though it will still be marginally lower than last year, showed data shared exclusively with ET by Deloitte India. Average pay hikes will range about 8.8% across MNCs in India compared to actuals of 9% last year. Also, most of the around 100 companies surveyed have a slightly lower salary projection for the FY25 cycle, ranging at 0.1-1.1 percentage points less than FY24, based on the industry. “Pay increase projections are lower compared to FY24 and this is largely because businesses aren’t doing well across most sectors,” said Anandorup Ghose, partner at Deloitte India.
11.01 / 02:11
markets
UPS
Digital
Strategy
Experts
PAM
Government forms crisis management group to tackle bank strikes and ensure continuity
crisis management group to deal with nationwide strikes by public sector bank employees. Apart from managing exigencies of strikes lasting three days or more, the group will work with banks to strengthen their standard operating procedures (SOPs) for ensuring business continuity, said a senior government official. The All India Bank Officers’ Confederation has threatened to go on a nationwide strike on February 24-25. A steering committee, including state-run banks and private lender IDBI Bank, has been set up. “The group has been formed to insulate the banking system against all uncertainties, including strikes,” said the official, who did not wish to be identified, adding that the move was not specifically related to the announcement regarding the proposed February strike.
11.01 / 02:11
markets
Digital
Strategy
President
Experts
PAM
reports
I am not going to be out of sight out of mind: Biden
Donald Trump, outgoing US President Joe Biden on Friday ruled out leaving from public life for now. «I'm not going to be out of sight — out of mind,» Biden told reporters at the White House. Biden, 82, was responding to reporters' questions if he has decided what kind of role will he will have post-presidency. «Do you plan to speak out after you leave Washington, or are you going to follow kind of more of the Bush model where you're kind of out of sight and out of mind?» he was asked.
11.01 / 02:11
markets
Digital
Strategy
Experts
PAM
hospital
AAP MLA Gurpreet Gogi shot dead in Ludhiana
Aam Aadmi Party (AAP) MLA Gurpreet Gogi, representing the Ludhiana West constituency, was declared dead after being shot with bullet injuries. The incident occurred around midnight, and the MLA was declared dead upon arrival at the DMC hospital, as per officials. «The incident happened around midnight, and he was declared dead when he was brought to the DMC hospital...» said Deputy Commissioner of Police (DCP) Jaskaran Singh Teja.
10.01 / 23:19
markets
Action
Strategy
Tesla
SpaceX
PAM
Scandals
Elon Musk's biographer warns the billionaire is "going mad" and could "endanger us all", says he is "deeply unwell"
Elon Musk is «going mad» and that the billionaire is «deeply unwell.» Seth Abramson, Elon Musk's biographer, thinks the billionaire is «going mad» while running SpaceX, X, and Tesla and serving on Donald Trump's transition team. A biographer of Elon Musk has warned that the billionaire may «endanger us all» as worries about his health continue to mount.
10.01 / 23:19
10.01 / 23:19
markets
Digital
Strategy
Research
Experts
PAM
Why are nuclear stocks in bullish territory in the US market; here's the catch
US stock market at this point, and US investors are already planning on staying bullish on the stocks that a neck-deep into nuclear power-related services and research. This is a great sign that investors are moving to power-based assets, which are rewarding in the long term, and are also capable of drawing in a lot of market capital.
10.01 / 23:19
markets
Strategy
NVIDIA
Broadcom
PAM
rights
This iconic company, which is lying low, may enter the $1 trillion club; which company is it, and what's the logic?
AI stocks too, they are all the more important. Nvidia, TSMC and Broadcom are some of the AI stocks that are in its glorious heydays for the last couple of months, showing tremendous growth, backed by their neck-deep AI ventures. However, there is one more AI stock that is rising steadily and could soon the join the list of AI elites if everything goes alright.
10.01 / 23:19
markets
Digital
Strategy
Highways
Photos
Experts
PAM
Have few homes escaped Palisades fire devastation in Malibu? Here’s the truth
Palisades Fire, which has left widespread destruction. Among the wreckage, a few homes managed to survive. The Palisades Fire has caused massive destruction in Malibu. Many luxurious homes along the Pacific Coast Highway have been reduced to rubble. A few mansions remain standing despite the overwhelming damage. Aerial photos capture this unexpected survival of a handful of properties. A three-story mansion owned by Waste Management CEO David Steiner is one of the few structures untouched by the fire. This $8 million white home, built in 2000, overlooks the Pacific Ocean. Rubble from neighboring houses smolders on either side, highlighting its unlikely survival.
10.01 / 23:19
10.01 / 23:19
markets
Digital
CEO
Strategy
NVIDIA
PAM
When Jensen Huang speaks, the market listens; if you are excited to invest in the tech world's next big bet then first listen to the Nvidia CEO
Jensen Huang, will remain a story for all stock market and tech enthusiasts for years to come. The company CEO has led his company from mid-range positions at Wall Street to becoming one of the biggest companies in the world, and is now a solid backbone for the S&P 500 index in recent days.
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