PAM Financial News

Meghan Markle, who is professionally separated from Prince Harry, issues a statement after her one Thanksgiving appearance. According to reports, the Duke and Duchess of Sussex are now going through a professional separation, with their working relationship in a very bad state. Indeed, the forty-year-old Harry and the forty-year-old Suits veteran have been observed attending events on their own in recent months. The Sussexes' Archewell Foundation recently sponsored Markle's small luncheon for the Southern California Welcome Project. Nonetheless, her spouse did not attend the event. Following the Thanksgiving event, the former actress released a statement on the Archewell website, in which she discussed the heartfelt dinner she hosted for Afghan women with their partner organisation, Mina's List, as quoted in a report by The New York Post.

Adani Green Energy following the US indictment for alleged bribery to win contracts. According to highly-placed state government sources, Andhra Pradesh is considering writing to Solar Energy Corporation of India (SECI) to cancel the power purchase agreement (PPA) signed with Adani Green Energy and recommend a probe by a central investigative agency. Other options being considered include formation of a Cabinet sub-committee to examine the charges of bribery and keep the power supply agreement (PSA) signed with SECI in abeyance. The third option is to completely scrap the PSA. Sources said that the state government is veering towards the option of writing to the SECI and ask it to scrap the PPA. The PPA under scrutiny involves the Andhra Pradesh government's procurement of 7,000 megawatts (MW) of solar power through SECI. US authorities have charged Gautam Adani and seven others with agreeing to pay bribes of $265 million to unnamed state government officials to obtain solar power-supply contracts in Odisha, Tamil Nadu, Chhattisgarh, Andhra Pradesh and the Union Territory of J&K, between 2021 and 2022.

India is poised to address domestic and global labour demands. Improving Employment Metrics The Periodic Labour Force Survey reveals positive trends in India's employment scenario. From 2017-18 to 2023-24, the national unemployment rate dropped from 6% to 3.2%, while the Worker Population Ratio (WPR) surged from 46.8% to 58.2%. The workforce engaged in economic activity grew to an estimated 643.3 million in 2023-24, up from 471.5 million in 2014-15, with women's WPR doubling to 40.3% and youth WPR rising to 41.7%.

Competition Commission of India (CCI) on Tuesday approved the investment of Singaporean sovereign fund Temasek in Rebel Foods, the parent company of Faasos and Behrouz Biryani. The deal will be a mix of both primary and secondary share sales, with a nearly flat valuation compared to its previous round nearly three years ago. The secondary sale will be at a lower valuation of around $700 million. US-based Coatue and homegrown fund Lightbox may also partially divest their stakes in this round.

«A substantial amount of deposits have shifted to higher interest rate bucket during the latest monetary policy tightening cycle; term deposits bearing over 7 per cent interest rate has increased to 68.8 per cent from 54.7 per cent a year ago,» it said. As per the BSR, bank deposits growth (y-o-y) at 11.7 per cent in September 2024 remained close to that in the previous quarter.

«If PM Modi would have read this book then what he does daily, he would not do it,» Gandhi said, displaying a copy of the Constitution of India. Gandhi said the country's whole system is pitted against Dalits, Adivasis and backward class people.

A clash broke out on Monday night between two factions of the royal family of Udaipur, leading to stone pelting outside the City Palace. BJP MLA from Rajsamand and newly crowned Maharana of Mewar, Vishvaraj Singh Mewar, and his supporters camped outside the City Palace after they were stopped from entering the palace.

US State Department refused to comment on the disruptions in Indian Parliament over the indictment of billionaire Gautam Adani in a US court on charges of bribery. «That is a law enforcement matter,» State Department Spokesperson Matthew Miller told reporters at his daily news conference on Monday. He was responding to a question about Leader of Opposition in Lok Sabha Rahul Gandhi demanding the immediate arrest of Adani. «Is this something you support, such as the arrest and investigations, charges against Adani» he was asked. «I would defer to my colleagues at the Department of Justice to speak to it,» Miller said.

Shoigu, a former defence minister, also said the U.S. should play a leading role in rebuilding Afghanistan in view of its many years of military involvement in the country. Taliban leaders asked Shoigu to help them ease the pressure imposed by U.S. sanctions against the Kabul government, according to the Russian news agency reports.

«Clause 11 of GRAP Stage-III, Clause 5 of GRAP Stage-IV and Clause 8 of GRAP Stage-IV (to the extent it relates to colleges, educational institutions) are relaxed to the extent that State Govts in the NCR and GNCTD shall ensure that all classes upto 12th Standard in schools and those in colleges/educational institutions are conducted in a 'hybrid' mode, i.e, both in 'physical' and also in an 'online' mode, wherever online mode is feasible, in the territorial jurisdiction of the NCT of Delhi and in the districts of Gurugram, Faridabad, Ghaziabad and Gautam Buddh Nagar in the NCR. The option to exercise online mode of education, wherever available, shall vest with the students and their guardians,» a notification issued by the Directorate of Education (DoE), Government of Delhi, said. The Supreme Court Monday asked the Commission for Air Quality Management (CAQM) in the Delhi region and adjoining areas to consider restarting physical classes in schools and colleges stating that many students lacked mid-day meals and infrastructure to attend online classes.

BJP MLA from Rajsamand and newly crowned Maharana of Mewar, Vishvaraj Singh Mewar, and his supporters camped outside the City Palace after they were stopped from entering the palace. The situation escalated into a standoff between Vishvaraj Singh Mewar and his cousin Dr Lakshay Raj Singh Mewar, along with their uncle Arvind Singh Mewar, at the gates of the City Palace. Vishvaraj Singh, who is the 77th Maharana of Mewar, was reportedly refused entry into the palace.

Warner Music Group said on Monday its Australasia president Dan Rosen would take on the additional role of the president of its music publishing arm, Warner Chappell Music, in the region. The move will make Rosen the leader of both the recorded music and publishing businesses across Australia and New Zealand. «Dan has been an exceptional leader for Warner Music Australasia… this expanded role will enable him to strengthen our entire proposition in the region and set a new standard for how we serve the creative community,» said Simon Robson, president of EMEA, recorded music at Warner Music.

Investors have allocated large sums of money to thematic and international funds over the 12 months to October 31. Data from the Franklin Templeton industry dashboard showed that sectoral and thematic funds accounted for ₹1.4 lakh crore or 40% of the total flows of ₹3.5 lakh crore to the mutual fund industry during this period. Sectoral and thematic funds command the largest assets under management of ₹4.52 lakh crore in the equity mutual fund category, followed by the flexi-cap category (₹4.27 lakh crore). Sectoral and thematic indices often tend to fall higher than the broad-based indices. Compared to the Nifty 50, which fell 7.8% from its 52-week high, the Nifty India Defence index fell 24.7%, Nifty Energy fell 17.8%, Nifty Auto fell 14.6% and Nifty PSE fell 14.7%.

Merkel served alongside four US presidents, four French presidents and five British prime ministers. But it is perhaps her dealings with Russian President Putin that have drawn the most scrutiny since she left office in late 2021.

astrophysicist Neil deGrasse Tyson expressed his skepticism about Elon Musk's vision for space travel to Mars while stating that such endeavors are unlikely to happen until governments see geopolitical benefits, reported The Hill. Neil deGrasse emphasized on the fact that interest alone does not equate to financial backing while suggesting that funding is crucial for any Mars mission. The Hill asserted that in response, Elon Musk defended his plans while asserting that colonizing Mars is essential for humanity's long-term survival and that he is not seeking venture capital funding due to its impracticality as an investment. Also Read:Big compromise by Jennifer Lopez? Amid divorce, she had to let go of this to work with ex-husband Ben Affleck

Adani Group is likely to reduce once some of the conglomerate's current investments are complete and start generating cash flows, a senior group executive told ET. «Funds were being spent on the copper plant, the roads business and the PVC business, where domestic banks and institutions participated in a big way,» the executive said, requesting not to be named. «What will also happen is that when these assets come online, you will see a drop in exposure of Indian banks back to below 36%.» Local banks and non-banking financial lenders accounted for about 42%, or ₹107,985 crore, of the Adani Group's total borrowings of ₹258,176 crore as of September-end, compared with 36%, or ₹88,100 crore, at the end of March 2024. As on March 31, 2023, the group had 31% of its loans from Indian lenders.

JPMorgan CEO Jamie Dimon is optimistic about the impact of artificial intelligence (AI) on the workforce while dismissing doomsday predictions and instead highlighting it’s potential to enhance business operations and improve work-life balance, reported Fortune. According to Fortune, Jamie Dimon envisions a future where employees might work only three and a half days a week while benefiting from AI's ability to automate tasks that currently consume 60% to 70% of their time. He also believes that this technological shift could contribute significantly to the global economy which will potentially add between $2.6 trillion and $4.4 trillion annually. Also Read: US stocks going off the charts after Scott Bessent's nomination as Treasury Secretary in Trump's administration

IIM Ahmedabad has wrapped up the summer placement process for the MBA Class of 2026 of the Post Graduate Programme (PGP) in Management, with 38% of students getting placed in the consulting sector, followed by 22% in banking, financial services and insurance (BFSI), 11% in consumer goods and durables and 7% in conglomerates, according to a statement issued by the institute on Monday. Firms from multiple domains participated across the three clusters in Summer Placements, with all students being placed across more than 25 cohorts of firms that visited. Despite challenging market conditions, the institute saw a rise in recruiting firms, and roles being offered. 51 new companies participated in the 2024 summer placements, up from 12 in 2023. In Cluster-1, in the Transformation & Operations Consulting cohort Accenture Strategy was the largest recruiter with Accenture Strategy’s India Market Unit extending 6 offers and Accenture Strategy Global Network making 33 offers followed by Vector Consulting Group with 7 offers. In the Management Consulting Cohort, Boston Consulting Group (22), McKinsey & Company (15), Bain & Company (14) were the top recruiters. In the Investment Banking & Markets Cohort, Goldman Sachs (11) and HSBC (India and Hong Kong) (6) were the top recruiters. EY-Parthenon India (8) led the charge in the Advisory Consulting Cohort. The Private Equity/Venture Capital Cohort was led by WinZO Fund (6) and White Oak Capital (3).

The times ahead for the US stock market may not exactly be flourishing because of increasing inflation and recession fears, that could create undue pressure both, on the US economy as well as the stock markets. Bessent will then be responsible for putting out the fire, especially since Trump's economic policies are reportedly inflationary in nature. But, reports suggest that he may do a great job in the post he has been nominate for, based on his previous track record. Also Read: Will Elon Musk's DOGE abolish the Federal Reserve? Here are the devastating consequences if he does that

The brothers were found guilty of murdering Jose and Kitty Menendez in 1989 and sentenced to life in prison without parole. While their defense attorneys argued at trial that they had been sexually abused by their father, prosecutors denied that and accused them of killing their parents for money. In the years that followed, they repeatedly appealed their convictions without success, AP reported. Now, at 53 and 56, Erik and Lyle Menendez are making a new bid for freedom. Their lawyers filed a habeas corpus petition — a request for a court to examine whether someone is being lawfully detained — in May 2023, asking a judge to consider new evidence of their father's sexual abuse. «Newly discovered evidence directly supports the defense presented at trial,» the petition said.