PAM Financial News

O Panneerselvam, the Supreme Court on Friday stayed an order of the Madras High Court restoring a disproportionate assets (DA) case against him and his family members. A bench of Justices Hrishikesh Roy and S V N Bhatti issued notice to the Tamil Nadu police and others on a plea filed by Panneerselvam. «In the present matter concerned, the challenge is to the impugned order of single judge of the High Court judicature at Madras exercising powers of suo motu criminal revision, under Section 397 of the Code of Criminal Procedure Code, 1973. Issue notice,» the bench directed.

central transfers, according to a report by PRS Legislative Research. States have budgeted their combined revenue mop-up at 14.3% of gross state domestic product (GSDP) for 2024-25, compared with 13.3% in the last fiscal and 13.8% in the pre-Covid year of 2018-19, the report said. While the pandemic flared up in India in 2020-21, it did impact economic output towards the end of 2019-20, especially in the wake of a lockdown in late March in 2020, although the slowdown had set in before the Covid onslaught.

money laundering case, the agency confirmed on Friday. The special CBI court granted 10 days custody of both the accused. According to ED, the duo are alleged to be involved in a chit fund scam, and is accused to defrauding the public by collecting deposits worth Rs 2,800 crore under false promises.

«We are not inclined to entertain the present petition in as much as the prayers made in the petition are within the domain of policy of the state,» the bench noted, «if the petitioner so desires, he may make an application to the appropriate authority which would be considered in accordance with law». The petitioner's counsel asserted that the PIL did not seek publicity while referring to news reports over people falling ill after the consumption of food offerings or «prasad» at various temples.

Dubai are causing concern, especially for those planning to stay with family. Travelers now need to provide their host's rental agreement, Emirates ID, residence visa copy, and contact details during the visa application process. These changes coincide with the start of the Dubai Shopping Festival (Dec 8-Jan 14), a popular event for Indian tourists. The new rules also require hotel booking documents and return ticket details for all Indian tourists. However, the added documentation for those staying with relatives is proving difficult.

Aditya Birla Sun Life Mutual Fund has announced the launch of the Aditya Birla Sun Life Conglomerate Fund, an open-ended diversified equity scheme following the conglomerate theme. The New Fund Offer (NFO) of the scheme will open for subscription on December 5 and close on December 19. The scheme will reopen for continuous sale and repurchase within five business days from the date of allotment. The scheme's investment objective is to achieve long-term capital appreciation by investing in equity and equity-related securities of companies that follow a conglomerate theme. The scheme will be benchmarked against the BSE Select Business Groups Index and will be managed by Harish Krishnan and Kunal Sangoi.

lesser-known destinations into iconic sites and promoting a more balanced distribution of tourists across the country. According to the directives of the Department of Expenditure, the Ministry of Tourism issued operational guidelines for Special Assistance to States/Union Territories for Capital Investment (SASCI) for the development of iconic tourist centres, officials said. The Ministry of Tourism circulated the SASCI guidelines to the state governments with a request to formulate and submit the project proposals to the ministry, which are iconic in nature and can create impactful destinations, they said. By the last date of submission, October 15, 2024, a total of 87 project proposals were received costing more than Rs 8,000 crore, a senior official in the ministry said.

Mohan Yadav delivered remarks on Thursday during an interactive session in Germany, discussing investment opportunities in Madhya Pradesh. He said, «We want a new kind of partnership with Germany, a partnership that is not restricted to just trade. We want German companies with their advanced technologies, to invest in Madhya Pradesh. Madhya Pradesh is a complete investment destination today, it is a big market that is a golden opportunity for investors». The Chief Minister commented on the rich and historic relations between the two countries and said that his journey through Germany is a step towards strengthening these relations.

ISKCON) on Thursday expressed solidarity with priest Chinmoy Krishna Das, who was arrested on charges of sedition for allegedly raising a flag on a stand displaying Bangladesh's national flag. In a post on X, ISKCON, Inc. stated, «ISKCON, Inc. stands with Chinmoy Krishna Das. Our prayers to Lord Krishna for the protection of all these devotees.»

Royal Challengers Bangalore (RCB) announced their 22-player squad for the 2025 Indian Premier League (IPL) following this week's auction. However, the team's captaincy remains undecided. While there's no official announcement, speculation points towards Virat Kohli, RCB's former long-term captain, returning to the leadership role. Kohli stepped down after the 2021 season. Former RCB player AB de Villiers hinted at Kohli's potential return on his YouTube channel. “I don't think it has been confirmed yet, but he will be the captain, I think, looking at the squad,” de Villiers said. Other potential captaincy candidates within the squad include Bhuvneshwar Kumar and Krunal Pandya. Kumar has served as interim captain for Sunrisers Hyderabad, while Pandya captains Baroda in domestic cricket. Neither has led a full IPL season.

Russia's new hypersonic missile, hours after Moscow pummelled Ukraine's energy grid in an attack that left a million people without power. With Russia firing more than 90 missiles and around 100 drones during the barrage, according to Kyiv, Ukrainian President Volodymyr Zelensky urged his allies to give a firm response to what he dubbed Russian «blackmail». Putin said the fresh bombardment was a «response» to Ukrainian strikes on his territory with Western missiles.

Zee Entertainment have rejected a proposal for the reappointment of Punit Goenka as director, according to a regulatory filing by the company. The filing by Zee Entertainment Enterprises Ltd (ZEEL) stated that the resolution for the reappointment of Goenka was defeated in the annual general meeting (AGM) of the company. Resolution number three in the AGM, which proposed the reappointment of Goenka as director, was supported by only 49.54 per cent of the total number of votes cast while 50.4 per cent voted against the resolution. «Resolution No. 3 (Goenka's reappointment) failed to get the requisite majority of votes as required under the provisions of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,» ZEEL said.

Devendra Fadnavis, Shiv Sena's Eknath Shinde and Nationalist Congress Party's Ajit Pawar on Thursday met Union Home Minister Amit Shah to discuss sharing of cabinet berths. Shah and BJP chief JP Nadda met with Shinde at Shah's residence before the meeting with Fadnavis and Pawar. The three of them met for around twenty minutes. While Shah was meeting Shinde, Fadnavis was meeting NCP leaders Ajit Pawar and Praful Patel at their party MP Sunil Tatkare's residence.

Supreme Court on Thursday criticised authorities for poor implementation of stage IV of the Graded Response Action Plan (Grap) to check air pollution in Delhi-NCR and said the restrictions shall remain in force till the next hearing on Monday, December 2. «We make it clear that all Grap-IV measures except for schools shall be continued till Monday,» a division bench comprising Justices Abhay S Oka and Augustine George Masih ordered. The bench said it intends to find a long-term solution to the crisis.

Sarah Michelle Gellar. The upcoming film marks the fourth entry in the iconic slasher series, which began in 1997. Known for its gripping tale of teenagers pursued by a vengeful killer in a fisherman’s slicker, the franchise is set to reenter the modern horror landscape. With a fresh cast alongside returning favorite Freddie Prinze Jr., reprising his role as Ray Bronson, the series is set to dazzle as mentioned in a report by Screenant.

The escalation came a day after Israel and Iran-backed Hezbollah began a ceasefire in Lebanon, halting more than a year of hostilities and raising hopes among many Palestinians in Gaza for a similar deal with Hamas, which rules the enclave. Israel's military campaign — with the avowed intent of eradicating Hamas militants after the group's deadly raid on southern Israel on Oct. 7, 2023 — has laid waste to the enclave of 2.3 million people.

edible oil prices set to fall, after a gap of four months, from mid-December by up to 9% following a drop in international prices of soybean, sunflower and palm oil by $100 dollars per tonne in the last fortnight. Abundant global production of soybean has pushed down prices of soybean oil. Sunflower oil prices are also cooling off while palm oil prices have fallen since Indonesia, the world's biggest palm oil producer, is yet to frame its biodiesel policy. Indonesia produces biodiesel from a blend of palm oil and fossil fuel-based diesel. The country currently uses 35% palm oil in biodiesel, which the government was planning to raise to 40%, a move opposed by environmentalists. This has forced the Indonesian government to rethink the issue.

Global Capability Centres (GCCs) and non-tech sectors, a report said on Thursday. The software development and engineering domain, which focuses on coding, designing, and maintaining software applications, is poised to offer lucrative opportunities, the report by TeamLease Digital said. It said the increasing demand for Artificial Intelligence/Machine Learning (AI/ML) skills in software development to enhance productivity, accuracy, and innovation is further driving this trend. As a result, entry-level positions in this domain are expected to see an average salary of Rs 9.37 lakh per annum in GCCs, followed by Rs 6.23 LPA in IT products and services, and Rs 6 LPA in non-tech sectors by the end of 2024-25, the report added.

Grocery Stores Several grocery stores operate with reduced hours on Thanksgiving:

Continued growth in production of iron ore in the current financial year shows the robust demand conditions in the user industry. Coupled with growth in aluminium and copper, these growth trends point towards continued strong economic activity in user sectors such as energy, infrastructure, construction, automotive and machinery.

marketing materials, design acts as a bridge between a business and its audience, shaping how messages are received and remembered. “Businesses that prioritize design not only captivate their target audience but also foster loyalty and long-term growth,” says design expert Pavan Java. Here are five reasons why design is indispensable for any business. 1. Creating a Strong First Impression Design often serves as a customer’s first interaction with a business, whether through a logo, website, or packaging. A well-crafted visual identity can build trust and confidence, encouraging further engagement. A strong first impression can determine whether a customer chooses to engage further or moves on to a competitor. Effective design ensures that a brand’s message is delivered clearly and memorably, setting the stage for a positive customer relationship. 2. Building and Reinforcing Brand Identity A cohesive and recognizable brand identity is essential for standing out in a crowded market. Consistent use of visual elements like colors, typography, and imagery helps businesses craft a unique personality that resonates with customers. Java said that “a distinct brand identity allows businesses to foster emotional connections with consumers.” A strong visual identity not only aids recall but also increases the likelihood of customers recommending the brand to others.