PAM Financial News

Mamata Banerjee's reported statement 'willing to lead INDIA alliance', BJP leader Pradeep Bhandari on Saturday said that the INDIA bloc leader does not believe in the leadership of Lok Sabha Leader of Opposition Rahul Gandhi and Priyanka Vadra and claimed that the alliance itself calls Rahul Gandhi a «childish person.» «No leader of the INDI alliance believes in the leadership of Rahul Gandhi and Priyanka Vadra. The INDI alliance believes that Rahul Gandhi is a political failure… Sometimes Akhilesh Yadav says he is the leader, sometimes Mamata Banerjee says she is the leader, sometimes Stalin says he is the leader and everyone says in one voice that Rahul Gandhi and Priyanka Vadra are not the leader. We do not call Rahul Gandhi a childish person, the INDI alliance calls Rahul Gandhi a childish person,» Bhandari told ANI. Earlier on December 3, in response to a query regarding TMC leaders suggesting that Chief Minister Mamata Banerjee should be made the INDIA bloc leader days after Congress faced a crushing defeat in Maharashtra assembly polls, party MP Kirti Azad said that the ruling TMC supremo takes everyone along.

Union Minister George Kurian on Saturday said the much-awaited visit of Pope Francis to India is likely to happen after 2025, which has been announced as the «Jubilee Year» by the Catholic Church. He said India had already invited the Pope officially and Prime Minister Narendra Modi directly extended him the invitation. The rest of the matters and procedures were to be decided by the Vatican. The visit would be scheduled as per the convenience of Pope Francis, he told media. Union Minister of State for Minority Affairs, Kurian was part of the delegation which reached Vatican to take part in the ordination of Monsignor George Jacob Koovakad, hailing from Kerala, as Cardinal by Pope Francis at a function to be held on Saturday.

billionaire entrepreneurs over the next decade, mirroring like China's growth in billionaires until 2020, says a report by UBS. The report noted that the key factors such as rapid urbanization, digitalization, expanding manufacturing capabilities, and preparations for the energy transition are driving this momentum. It said «It may well be that India's billionaire entrepreneurs multiply over the next 10 years just as China's did in the years until 2020».

US Congressman Jay Obernolte said the Federal Energy Regulatory Commission should move speedily in crafting rules that encourage the expansion of AI and its need for large amounts of electricity, including by clearing the way for so-called co-located AI data centers. «As their energy requirements increase, the development of co-located energy production will be instrumental in mitigating grid strain, improving resilience, and reducing carbon emissions,» wrote Obernolte, a Republican from California.

Palantir Technologies and defense tech company Anduril Industries have partnered to use defense data for artificial intelligence training, the companies said on Friday. The partnership will leverage Palantir's AI platform to structure, label and prepare defense data for training to deploy those models onto national security systems, while Anduril's systems will aid in the retention and distribution of government defense data. Companies across sectors have increasingly shifted focus toward AI to automate their workflows. However, its application in defense is still nascent, as data needed to train models in the sector is sometimes sensitive.

The YouTuber was joined after he joined the protests by Bihar Public Service Commission (BPSC) aspirants in Patna earlier on Friday against the commission over the anticipated changes in exam pattern. The protesting students are demanding that exams be held in 'One Shift and One Paper' to avoid the normalisation process.

Donald Trump on winning the 2024 election. But for humorous reasons, one post stood out. French President Emmanuel Macron is among the world leaders who have congratulated Donald Trump on his recent victory in the US election. However, one word in Macron's statement has undoubtedly caused some people to take notice. The French leader stated on social media that he is ready to work together with Trump, just as they did during the 78-year-old's previous term in office, which lasted from 2017 to 2020.

As a Searchlight Pictures film, it is expected to land on either Hulu or Disney+, depending on your location. For subscribers who have the Disney+ and Hulu bundle, the film may be accessible on both platforms.

Meanwhile, brokerages including Morgan Stanley are reiterating their expectation of a 25-basis-point interest rate cut by the U.S. Federal Reserve in December, following the nonfarm payrolls data. Financial markets currently assign a probability of around 70 per cent that the Fed will cut rates by a quarter percentage-point at its December meeting, and a roughly 30 percent chance it will pause, according to data from CME Group.

Apple is preparing to launch its long-awaited series of cellular modem chips next year, which will replace components from longtime partner Qualcomm, Bloomberg News reported on Friday. The iPhone maker is looking to ultimately overtake Qualcomm's technology by 2027, the report said, citing people familiar with the matter. Qualcomm, a leading designer of modem chips that connect phones to mobile data networks, has warned investors that Apple will eventually stop using its chips.

unsolicited commercial calls received by consumers. «The Department of Consumer Affairs had started working on prevention of pesky calls, and we had to engage with all the stakeholders in this,» Khare told reporters on the sidelines of a CII event here. The Department of Telecommunications was also coming out with rules, he said, adding, «we slowed down because we wanted to actually give the sector regulator full powers».

The application form for SBI Clerk 2024 will be available from December 7 to December 27, 2024. The selection process will include a preliminary exam, a mains exam, and a language proficiency test. The prelims exam is scheduled for January 2025, while the mains exam will take place in February 2025. Graduates aged between 20 and 28 years are eligible to apply.

He said that the monolith will serve as a reminder of the selfless sacrifice of the soldiers. The inscription on the monolith, «those who wrung it but never sung » embodies the spirit of nationalism and will inspire future generations to draw from the glorious past, the spokesman said.

objectionable remarks made against Bhagat Singh in Pakistan and lodged a strong protest with Islamabad on the issue, the government said in Lok Sabha on Friday. Minister of State for External Affairs Kirti Vardhan Singh said New Delhi has also been raising with Islamabad issues «concerning attacks on cultural heritage, growing intolerance and lack of respect for minority communities in Pakistan.» «The government of India has noted the recent reports regarding objectionable remarks made against Shaheed Bhagat Singh in Pakistan and has lodged a strong protest with the government of Pakistan on the incident through diplomatic channels,» he said. Singh was responding to a question.

Surendra Pal Singh Bittu joined AAP on Friday ahead of Delhi Assembly elections. Senior Aam Aadmi Party (AAP) leader Manish Sisodia welcomed Singh into the party and said his experience will help the party in its development work. «Inspired by the good developmental work of the AAP in the field of education, health, etc., Singh is joining our party today, and I am sure that his experience will help the party to continue doing good work,» Sisodia said.

Lookout Circular (LOC) has been issued against YSRCP MP Vijaisai Reddy by the Andhra Pradesh police, which had booked him days ago in connection with the Kakinada Seaport and SEZ share transfer case. The senior leader said the action has been taken with an «ulterior motive.» Besides him, the Andhra Pradesh CID has issued LOC against Y Vikranth Reddy, son of another party member Y V Subba Reddy, Sarath Chandra Reddy, the Non-executive director of Aurobindo Pharma Ltd, highly placed government sources said on Friday. Earlier this week, besides Vijaysai Reddy, Vikranth Reddy and Sarath Chandra Reddy, PKF Sridhar & Santhanam LLP, Aurobindo Realty and others were booked by the Andhra Pradesh CID for allegedly using 'coercive' means to acquire stakes in Kakinada Seaport and kakinada SEZ, According to a complaint filed by Karnati Venkateswara Rao, Chairman and Managing Director of KSPL, his family-owned firms' stakes of 41.12 per cent in KSPL and 48.74 per cent in KSEZ estimated to be worth over Rs 3600 crore were acquired in 2020-21 for a little over Rs 500 crore by Aurobindo Realty (renamed as Auro Infra) at the behest of former Chief Minister and YSRCP supremo YS Jagan Mohan Reddy.

BJP MLA Kalidas Kolambkar will take oath as the pro-tem Speaker of the Maharashtra legislative assembly on Friday, a day before the special three-day session of the Lower House of the state legislature begins. Talking to PTI this morning, Kolambkar, a nine-time MLA, confirmed that he will take oath as the pro-tem speaker at 1 pm at the Raj Bhavan. Governor C P Radhakrishnan will administer the oath to him, he said. Kolambkar currently represents the Wadala assembly constituency in Mumbai.

Monetary Policy Committee (MPC) will announce its bi-monthly policy decisions on Friday at 10:00 am, after a three-day meeting that began on December 4. For the first time in over 30 months, the MPC is expected to focus more on slowing economic growth. The RBI has kept its policy rate at 6.5% for the last ten meetings, maintaining a cautious stance on inflation, especially due to persistent high food prices, while remaining optimistic about growth prospects, thanks to favourable monsoons and hopes of a revival in capital expenditure.However, it shifted its stance from withdrawal of accommodation to neutral in the last meeting.

Neuralink brain technology company was found to have «objectionable conditions or practices» by the Food and Drug Administration, which cited the company and urged it to address the problems. FDA inspectors identified the issues at Neuralink's animal testing facilities in California in June 2023, several weeks after the agency had given the company the green light for a small study of its brain implant in humans, according to the letter to Congress dated November 29. The agency was responding to concerns raised by Earl Blumenauer, a House Democrat from Oregon who has focused on animal welfare.

clean technology funding in recent months, as efforts to boost domestic green manufacturing help attract investors. Deals worth about $2.4 billion were completed in the third quarter, more than four times the value of those in China and the second-highest total globally behind the US, data compiled by BloombergNEF show. The momentum is being driven by India’s push to build out local clean energy capacity to limit reliance on China, and the prospects of becoming an exporter of the technologies, said Raj Pai, founding partner of GEF Capital Partners, a climate-focused private equity fund.