PAM Financial News
27.12 / 04:59
27.12 / 04:59
markets
Digital
Strategy
economy
Experts
PAM
Department
Manmohan Singh's contributions as architect of India's economic reforms have left indelible mark: RBI Governor
Manmohan Singh's contributions as the architect of India's economic reforms have left an indelible mark, RBI Governor Sanjay Malhotra said on Friday as he paid tribute to the departed soul. Singh, the former prime minister and finance minister, also served as the RBI governor between 1982 and 1985.
27.12 / 03:47
markets
Digital
Strategy
ICE
trends
PAM
reports
One Indian was deported every six hours from the US in 2024
United States deported one Indian every six hours in 2024, according to the US Immigration and Customs Enforcement (ICE) Fiscal Year 2024 Annual Report released on December 19. The number of Indians deported saw a dramatic 400% increase, rising from 292 individuals in 2021 to 1,529 in 2024. This rise is part of a broader trend of heightened enforcement, with total deportations reaching 2,71,484 globally in 2024, compared to 59,011 in 2021.
27.12 / 01:07
27.12 / 01:07
markets
Digital
Strategy
Enterprise
Experts
PAM
innovations
GCC hiring momentum to continue next year with 18-20% surge in uptake
Global capability centres (GCCs), a lifeline for a lacklustre job market in 2024, are expected to continue their bull run in the year ahead, with an expected 18-20% surge in hiring in 2025.
27.12 / 01:07
markets
UPS
Digital
Strategy
Software
PAM
Silicon Valley founder Jyoti Bansal to step up India play with big tech team
Jyoti Bansal, who sold his first startup AppDynamics to Cisco for $3.7 billion in 2017, plans to more than double the employee count of his current ventures Harness and Traceable in India to 1,000 in three to four years, up from 400 now.
26.12 / 21:29
markets
Digital
Career
Strategy
PAM
Teddy Bridgewater Coming Out of Retirement to Rejoin the Lions
Teddy Bridgewater is making a surprising return to the NFL, rejoining the Detroit Lions after a brief retirement. Lions head coach Dan Campbell confirmed the news on Thursday, highlighting the veteran quarterback’s professionalism and experience as key reasons for his return. Bridgewater, 32, last played for the Lions in 2023 and had recently been coaching high school football, where he led Miami Northwestern to a state championship in his first season.
26.12 / 21:29
markets
COST
Digital
Strategy
PAM
reports
International
Why is Microsoft reducing its dependence on ChatGPT owner OpenAI? Is there a catch, here's all you need to know
Microsoft Corporation intends to lessen its reliance on OpenAI, the company that created ChatGPT after investing nearly $14 billion in OpenAI.
26.12 / 20:17
markets
Digital
Strategy
economy
Sustainability
Experts
PAM
Excerpts from Manmohan Singh’s 1991 budget address: The problem, the path and the pain...
foreign exchange crisis constitutes a serious threat to the sustainability of growth processes and orderly implementation of our development programmes. Due to the combination of unfavourable internal and external factors, the inflationary pressures on the price level have increased very substantially since mid-1990. The people of India have to face double digit inflation which hurts most the poorer sections of our society. In sum, the crisis in the economy is both acute and deep. We have not experienced anything similar in the history of independent India...
26.12 / 20:17
markets
Digital
Manufacturing
Strategy
Metro
Experts
PAM
NCLT admits insolvency plea against Hero Electric
Hero Electric Vehicles for a corporate insolvency resolution process in an application filed by its operational creditor Metro Tyres. The National Company Law Tribunal appointed Bhoopesh Gupta as interim resolution professional for the EV maker.
26.12 / 20:17
26.12 / 20:17
markets
Digital
Gap
Strategy
PAM
reports
Mend ways or face more curbs: RBI to banks, NBFCs
unsecured lending if banks and finance companies do not mend their ways, it said in the Trends and Progress of Banking report published Thursday. The banking regulator also directed boards of lending entities to fix unsecured exposure levels prudently to prevent systemic risks.
26.12 / 19:51
markets
Art
Digital
Strategy
President
Experts
PAM
Manmohan Singh: The reformist who mastered the art of wielding delegated authority
Manmohan Singh was one of those rare people who achieved greatness by dint of hard work and merit, and then found grander greatness thrust upon him. He became the Prime Minister, because the then Congress president, Sonia Gandhi, needed someone trustworthy and capable to occupy the position that was rightfully hers as leader of the majority group after the 2004 general elections but she deemed politic to renounce, for assorted reasons. He thus did not have direct authority from the people, but enjoyed delegated authority, granted by the political party that had won the largest number of seats.
26.12 / 19:51
26.12 / 19:51
markets
Digital
Strategy
President
Experts
PAM
country
A nation in mourning: Remembering the unmatched legacy of Dr. Manmohan Singh
Dr Manmohan Singh has sent a wave of mourning across the nation. Leaders from both ruling and opposition parties expressed grief over his demise and remembered his contributions.
26.12 / 19:51
markets
Digital
Strategy
Experts
PAM
travelers
International
Luxury gets a royal treatment this New Year's Eve
Maharaja suite of The Leela Palace Udaipur. For that price, the hotel will throw in a «gala» dinner and breakfast for two, two-way luxury airport transfers, and temple rituals at the 165-year-old Omkareshwar Temple, including the mangala aarti and the sandhya aarti. For those who aren't that keen on all the royal trimmings-the starting package rate for a base category room at the hotel for December 31 is ₹1.21 lakh plus taxes.
26.12 / 19:51
26.12 / 19:51
markets
Digital
Fighting
Strategy
Election
PAM
Congress to focus on organisation in 2025, says Mallikarjuna Kharge
Mallikarjuna Kharge said on Thursday, calling for efforts to increase the party's organisational strength in response to the demand from people who have lost hope in the current NDA regime.
26.12 / 19:51
markets
Digital
Strategy
awards
Hyundai
Experts
PAM
Tata Motors' micro SUV to take the bestseller crown this year
Tata Motors' Punch is poised to climb 6 places and become India's top selling car model in 2024, as per data from Jato Dynamics. The micro SUV model will be overtaking 2023 leader Maruti Suzuki's Swift besides others like Hyundai's Creta, Tata's Nexon and Maruti's Wagon R, Baleno and Brezza models this year.
26.12 / 19:51
26.12 / 18:43
markets
Digital
Strategy
economy
Experts
PAM
social
Has former PM Manmohan Singh contributed at all to the world economy? Here's an insight into how he catapulted India into the big leagues dominated by the US
Manmohan Singh as the Finance Minister of India while P.V. Narasimha Rao was the Prime Minister of India eventually introduced numerous significant reforms which dismantled the License Raj, devalued the rupee and then opened India to foreign investments. The policies chalked out by Manmohan Singh were extremely important in averting a sovereign default while absolutely stabilizing an Indian economy which was on the brink of collapse that was marked by huge fiscal deficits and high foreign exchange reserves. ET Year-end Special ReadsCorp
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