PAM Financial News

23.11 / 01:59
markets security Election Experts PAM International Maharashtra Assembly Election 2024: Key candidates and seats to watch out for
Prime Minister Narendra Modi, Union Home Minister Amit Shah, and Congress leaders Rahul Gandhi and Priyanka Gandhi Vadra have actively campaigned, reflecting the significance of these elections. Of the 288 seats, 234 are in the general category, while 29 and 25 are reserved for Scheduled Castes and Scheduled Tribes, respectively. As per the state electoral office, 4,140 candidates remain in the fray after 2,938 withdrawals from 7,078 valid nominations.
23.11 / 01:59
markets awards community Experts PAM Equality peace PM Modi honoured with Global Peace Award as Indian American minorities unite under AIAM in Washington
Indian American Minorities (AIAM), a newly formed non-governmental organisation, was launched on Friday at Sligo Seventh-day Adventist Church, Maryland. The initiative aims to unite and promote the welfare of minority communities within the Indian American diaspora in the United States. During the event, Prime Minister Narendra Modi was honoured (in absentia) with the Dr Martin Luther King Jr Global Peace Award for Minority Upliftment. The award was jointly presented by Washington Adventist University and AIAM, recognising his efforts towards inclusive development and minority welfare.
23.11 / 01:59
markets Strategy President PAM country Department Donald Trump chooses former NFL player Scott Turner to be his housing secretary
Donald Trump said Friday he will nominate former NFL player and White House aide Scott Turner to be his secretary of housing and urban development. Turner ran the White House Opportunity and Revitalization Council during Trump's first term in office. Trump, in a statement, credited Turner, the highest-ranking Black person he's yet selected for his administration, with «helping to lead an Unprecedented Effort that Transformed our Country's most distressed communities.»
22.11 / 19:35
markets UPS Digital Strategy awards Experts PAM Adani's green plans may face a funding squeeze
Adani Group's ambitious plan to invest more than $100 billion (~₹85,000 crore) in the energy transition business and scale up its renewable energy operations over the next decade could face delays following the indictment of the conglomerate and its founder-chairman Gautam Adani by the US Department of Justice and the Securities and Exchange Commission, according to analysts. The majority of the investment is geared towards building facilities to manufacture electrolysers for producing green hydrogen, wind power turbines, and solar panels, besides establishing solar parks. Adani Group's renewable energy arm Adani Green Energy (AGEL), also India's largest renewable energy company, follows a debt-fuelled growth model with a 70:30 debt-equity structure like most peers.
22.11 / 19:35
markets Digital Strategy Experts PAM track Robust capex leads to surge in Adani Group's gross assets
Adani Group's gross assets swelled by ₹75,277 crore in the first half of this fiscal year as the diversified conglomerate accelerated capital spending across projects, said people close to the matter. Gross assets are on track to reach a record ₹1.2 lakh crore by March-end, the people said. The surge in assets sparked a 7% or ₹16,882 crore increase in gross debt in the fiscal first half to ₹2,58,276 crore. The group's liquidity to service debt has fallen to 28 months as of September-end, from more than 30 months at the end of March. The Ahmedabad-based conglomerate has been battling turmoil over the past two days with promoter Gautam Adani, his nephew Sagar Adani, along with six others indicted by the US Department of Justice. The charges include securities and wire fraud, alleging the group lied to US investors about its anti-bribery practices while engaging in widespread corruption.
22.11 / 19:35
markets FIVE Digital security Strategy Experts PAM NARCL to take over debt of Sri Govindaraja for ₹270 crore
bad loan aggregator National Asset Reconstruction Co (NARCL) is set to take over the distressed textile company Sri Govindaraja Mills after its ₹270 crore offer to lenders did not receive competing bids. Chennai-based Sri Govindaraja has been a non-performing asset for five years and owes creditors led by Canara Bank more than ₹750 crore. The ₹270 crore offer from NARCL equates to a 36% recovery for lenders. NARCL will pay banks through a mix of 15% cash upfront and 85% security receipts which can be redeemed later. This is the second asset NARCL has been selected as the winning bidder. Last month its ₹300 crore offer for ₹1,773 crore loans in Bareilly Highways Project received no counterbids during a Swiss challenge auction.
22.11 / 16:01
markets Digital CEO Tesla Election PAM reports Had Donald Trump lost the U.S elections, Republicans would whole sole blame this person; who is that person calling the shots now?
US President- elect Donald Trump's victory in the US Presidential Election 2024, Elon Musk's significant financial backing through his Super PAC, America PAC has eventually come under scrutiny. According to Rolling Stone, Tesla CEO Elon Musk reportedly spent around $200 million to support Donald Trump's campaign while focusing on low-propensity and first-time voters. Rolling Stone reported that this funding was facilitated by a Federal Election Commission ruling that allowed super PACs to coordinate with campaigns while enabling Donald Trump’s team to leverage Elon Musk's resources pretty effectively. Elon Musk's recent alignment with Donald Trump suggests a deepening bond that could reshape political dynamics moving forward. Also Read: Pic of Big Mac: Are Melania Trump and RFK Jr. ganging up to improve Donald Trump's diet? Here's what a source says
22.11 / 15:57
markets Strategy Southern PAM show hospital Southern Hospitality Season 3: See cast, trailer, premiere date, time and where to watch
Southern Hospitality Season 3. The reality series follows Leva Bonaparte and her team at Republic.
22.11 / 15:57
markets Digital security Strategy Death PAM Manipur ethnic violence claimed 258 lives since May last year: Security Advisor
Kuldiep Singh said on Friday. He said that the state would get around 90 companies of the Central Armed Police Force (CAPF), over and above the 198 companies that are already in Manipur. «The total number of deaths is 258 including militants,» Singh while addressing a press conference after holding a security review meeting here. The security advisor said that 32 people were arrested in connection with vandalism and torching of properties of ministers and MLAs while around 3,000 looted weapons have been recovered.
22.11 / 15:57
markets Digital Strategy awards Experts PAM Indian cenbank asks lenders to cut speculative bets against rupee, sources say
Indian central bank, in a rare move, instructed some banks to cut their long positions on the dollar-rupee pair on Friday, seeking to reduce speculative bets on the local currency, which is at a record low, four bankers directly familiar with the development told Reuters. The rupee weakened to a record low of 84.5075 per U.S. dollar earlier in the day, pressured by portfolio outflows and a stronger greenback. Foreign investors have sold a net of $3.1 billion in Indian equities so far in November, after selling a record $11.2 billion in October, putting pressure on the rupee. On Thursday, after U.S. prosecutors indicted Adani Group's billionaire founder, Gautam Adani, over alleged bribery and fraud, foreign investors sold $600 million. Provisional data suggests selling continued on Friday, with net sales of $150 million.
22.11 / 15:57
markets Strategy students Experts RAI PAM Delhi LG 'praises' CM Atishi, calls her 'thousand times better than her predecessor' Kejriwal
Indira Gandhi Delhi Technical University for Women here, Saxena said, «I am happy today that Delhi's CM is a woman, and I can confidently say that she is a thousand times better than her predecessor.» While making the comment, he took a glance at Atishi who also addressed the students. The AAP and BJP have been at loggerheads over a range of issues, including governance and control of bureaucracy. Kejriwal tendered his resignation in September and said he would seek a «certificate of honesty» from the public in light of the corruption charges he faced. Atishi succeeded him as the chief minister.
22.11 / 15:57
markets security Strategy Sustainability PAM information reports Competition regulator unlikely to take cognizance of media reports on Adani bribery issue
Competition Commission of India (CCI) Chairperson Ravneet Kaur on Friday hinted that the fair trade regulator is not likely to take cognizance of media reports on the bribery charge against the Adani group to initiate a probe, claiming that the panel takes steps only after some information is filed before it. Billionaire Gautam Adani has been charged by US prosecutors for allegedly being part of a scheme to pay over USD 250 million (about Rs 2,100 crore) bribe to Indian officials in exchange for favourable terms for solar power contracts. Adani group on Thursday denied the charges of paying bribes to secure favourable terms for solar power contracts, saying the allegations by US prosecutors are baseless and the conglomerate is compliant with all laws. On whether the Adani matter falls under the purview of CCI, Kaur said, «The CCI is governed by the Competition Act… It is meant to promote and sustain competition. If there is any matter which falls in that domain of the Competition Act, then it comes to Competition Commission.»
22.11 / 15:57
markets Digital Strategy PAM reports volunteers Peacock's The Office Follow-Up Series: What we know about cast, plot and production team
The Office follow-up series, developed by Greg Daniels and Michael Koman, has expanded its cast. Seven actors have joined the project.
22.11 / 15:57
markets security Strategy community Fishing PAM country Indian Navy concludes maritime exercise 'Sea Vigil' to strengthen maritime security
Coastal Defence Exercise Sea Vigil 2024 successfully concluded on November 21. The exercise was conducted in two phases, with Phase I extending from November 13 to 19 and Phase II conducted over a 36-hour period across all coastal states and union territories of India. The exercise demonstrated India's unwavering commitment to strengthening its maritime security and coastal defence mechanisms, spanning the entirety of India's 11,098 km coastline and its Exclusive Economic Zone of 2.4 million square kilometres, according to an official release. Sea Vigil 24 witnessed the participation of over 21 agencies across six ministries. These included the Indian Navy, Indian Army, Indian Air Force, Indian Coast Guard, State Marine Police, Customs, BSF, CISF, Port Authorities, and Fisheries Department, among others.
22.11 / 14:39
markets Digital Strategy Experts PAM reports Courts Delhi court stays defamation case against CM Atishi
defamation case against Delhi Chief Minister Atishi. Special Judge Vishal Gogne stayed till further orders the proceedings before a magisterial court, which had summoned Atishi on a complaint filed by a BJP leader accusing her of defaming him. The special court passed the order on an application filed by Atishi, who had challenged the magisterial court order summoning her in the case. «It is directed that the proceedings before the trial court shall remain stayed till further orders. List for submissions on December 2, 2024,» Judge Gogne said.
22.11 / 14:37
markets Digital Strategy Election Experts PAM Jharkhand Election 2024: From CM Hemant Soren to wife Kalpana and Champai; top seats that will seal the deal
This year, voter turnout reached a record 67.74 per cent, the highest since the state's formation in 2000. A total of 1,211 candidates are contesting, including BJP's Babulal Marandi in Dhanwar and JMM's Speaker Rabindra Nath Mahato in Nala.
22.11 / 14:37
markets Digital Platform Strategy Experts PAM social Startup funding rises 774% on-year to $608 million this week
This also represents a 268.5% increase from last week’s total of $164.8 million. This week, startups raised funds through 23 deals, compared to 28 deals in the year-ago period, when they raised a total of $69.5 million, according to data from data intelligence platform Tracxn.
22.11 / 14:37
markets Digital Man Strategy Experts PAM reports No longer on speaking terms? Jennifer Garner no longer wants be in touch with Jennifer Lopez, here's the reason for that
Jennifer Lopez's ongoing divorce from Ben Affleck, she and Jennifer Garner are no longer on speaking terms. Jen Garner is not interested in communicating with J. Lo unless it is regarding her kids, as quoted in a report by Cosmopolitan. Jen no longer wants to communicate with J. Lo unless it is about the children. Her friends think she shouldn't have let herself become so involved in helping J. Lo and Ben work out their marriage, particularly in light of the fact that Jen occasionally felt positioned against J. Lo during their own marriage. Jen tried because she was too kind and genuinely wanted to help. Jen didn't believe back in August that it was intentional, but that she felt slightly used as a pawn in J.Lo's bid to repair her marriage.
22.11 / 13:21
markets Citi Digital awards Experts PAM electronic Premium products drive growth in consumer electronics despite sluggish volume sales: NielsenIQ
premium products, said market researcher NielsenIQ. “This growth is fuelled by the shift toward connected, feature-rich appliances and smartphones, with a clear preference for products that offer both convenience and long-term value," said Anant Jain, head of customer success in tech and durables at NielsenIQ. He said the festive period also contributed to the growth, with more consumers timing their purchases to benefit from promotions and special offers. There was a recovery in sales volume in October due to festive demand. As per NielsenIQ, the four weeks of the festive period till Diwali drove 13% value sales growth and 8% volume growth.
22.11 / 10:11
markets Digital Food Experts Celebrity PAM recommendations Festivity and diabetes: a guide to healthy indulgences and guilt-free joy!
1 individuals living with diabetes. Adding to this overdose of sweetness the wedding season is here. It often overlaps with the festive period, and further tempts us with rich foods and sugary delights. It is no secret that weddings in India are a grand celebration that includes multiple days of feasting, making it even harder to resist indulgent foods. Maintaining healthy eating habits gets all the more difficult as festivals and weddings overlap and the food comes in abundance.

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