PAM Financial News

Adani Group. Ruto said he had also directed the cancellation of a more than $700 million deal the energy ministry had signed with a unit of the Adani Group to construct power transmission lines. This comes after U.S. prosecutors indicted Adani for conspiring with executives of a former New York-listed company to devise a $265 million scheme to bribe Indian officials and boost their solar energy business.

Kyiv said earlier on Thursday that Russia had launched an intercontinental ballistic missile during an attack on the city of Dnipro. Russian Telegram channels said Russia had attacked what is known in Ukraine as the missile and space rocket company Pivdenmash, which is headquartered in Dnipro.

The shortlisted candidates will now undergo document verification and physical tests before the final selection. «Based on the normalized scores, merit, and the reservation policies of Uttar Pradesh, approximately 2.5 times the advertised vacancies—totaling 1,74,316 candidates—have been shortlisted for document verification and physical standards testing,» an official stated. The written exam, held in 10 phases, assessed candidates for positions within the Civil Police. The evaluation process included normalising marks based on recruitment rules and the initial advertisement.

Adani Enterprises, which plunged 20% on Thursday after billionaire Gautam Adani and seven others faced charges in the United States in a multibillion-dollar bribery and fraud scheme, were among the top largecap picks of mutual funds last month. Mutual funds added around 46 lakh shares of Adani Enterprises in their portfolio in October as the number of shares went up from 2.5 crore in September to around 2.96 crore, according to a report by Nuvama Alternative & Quantitative Research. Adani Enterprises Quant Mutual Fund added around 66.61 lakh shares of this stock whereas Invesco Mutual Fund sold around 7.57 lakh shares of Adani Enterprises.

API Holdings Limited, recorded a revenue of Rs 5,664 crore in FY24, a decline of 14.7% compared to Rs 6,644 crore in FY23. The Mumbai-based company reported a net loss of Rs 2,533 crore, an improvement from the Rs 5,212 crore loss in FY23, driven by a reduction in goodwill impairment charges to Rs 582 crore from Rs 2,826 crore in FY23. Sales of medicines (goods) for FY24 were Rs 5,008 crore, while revenue from lab tests and other services stood at Rs 652 crore. PharmEasy published these numbers on its website.

mutual funds or schemes that invest mostly in equity and debt fare better in an uncertain or volatile environment. Mutual fund experts believe that the markets are likely to be cautious and investors should also proceed with caution. Aggressive hybrid funds are one of the popular hybrid mutual fund categories. These schemes are mandated to invest in a mix of equity (or stocks) and debt. As per Sebi norms, these schemes must invest 65-80% in stocks, and 20-35% in debt. This mixed portfolio helps to deal with the market volatility better. When the equity market is in turmoil, the debt part of the portfolio softens the blow. This helps new investors to continue with their investments without worrying too much about volatility. Also Read | Best value funds to invest in November 2024

tariff increases and seek to avoid labor-related disruptions at alternate ports. “The Port of Los Angeles handled a robust 905,000 container units in October,” Executive Director Gene Seroka told reporters on Wednesday. That’s a 25% gain over last year and is the first time the port handled more than 900,000 containers for four months in a row. “Los Angeles processed more cargo between July and October than we did during our peak year in 2021 or our second-best year in 2022,” Seroka said.

Trinidad and Tobago, on Thursday signed a Memorandum of Understanding (MoU) in the presence of Indian Prime Minister Narendra Modi and Trinidad and Tobago Prime Minister Keith Rowley. This event took place during the 2nd India-CARICOM Summit, which marked the final stage of PM Modi's three-nation tour. Meanwhile, PM Modi also held talks with PM Rowley on the sidelines of the summit. In a post on X, PM Modi mentioned that the two leaders discussed how to diversify trade relations between India and Trinidad and Tobago.

U.S.-China Economic and Security Review Commission has raised alarms about China's military capabilities, suggesting that the nation poses a significant threat to US interests in the Indo-Pacific region. The comprehensive 793-page document, which draws from both classified and unclassified sources, indicates that China's military might now has the potential to outmatch U.S. forces in a future regional conflict. The report highlights that Beijing's military expansion over the past two decades has focused on developing a formidable arsenal of missiles, ships, aircraft, and advanced systems designed for potential conflicts in the Indo-Pacific. «It warns that, as result, US. forces and bases in the region would face a significant threat from the [People’s Liberation Army] in any regional contingency involving treaty allies and/or security partners, and the outcome of any such conflict is far from certain.» Despite the evident military advancements, the report notes that while China is bolstering its military readiness, it does not currently believe that an armed conflict is imminent. “There is ample evidence that China’s armed forces are enhancing their general military preparedness, but little evidence they are mobilizing for an imminent conflict at this time,” the report states.

Netflix has renewed "A Good Girl’s Guide to Murder" for a second season. Emma Myers of 'Wednesday' will play pivotal role, as per a report. «A Good Girl’s Guide to Murder» is loosely based on Holly Jackson’s popular YA novel. There will be six episodes in «A Good Girl’s Guide to Murder». The series will focus on murders in a tiny village England, according to hollywoodreporter. Meanwhile, «Zero Day», an upcoming drama series starring Hollywood veteran Robert De Niro, will make its debut on Netflix on February 20. According to entertainment news outlet Variety, the six-episode show marks the first regular television role for De Niro, who plays the role of former US President George Mullen.

Trade (DPIIT) has approved the ₹10,000-crore acquisition of Anil Ambani-promoted Reliance Capital by Hinduja Group-backed IndusInd International Holdings (IIHL), sources familiar with the development told ET. With this approval, all regulatory clearances required to finalise the transaction are now in place, said sources. IIHL had already secured approvals from the Reserve Bank of India (RBI), the Insurance Regulatory and Development Authority of India (IRDAI), and stock and commodity exchanges earlier this year.

Nicole Kidman candidly discussed her thoughts on mortality and the emotional complexities of aging. Nicole Kidman who is now aged 57 eventually expressed that as she has gotten older; her emotions have intensified, leading to moments of deep reflection, including waking up at 3 a.m. feeling overwhelmed and crying, reported New York Post. According to New York Post, Nicole Kidman described these feelings as part of her life's journey while encompassing themes of connection, loss and the responsibilities of raising children. She also emphasized on the importance of being present in life’s experiences rather than numbing oneself to them. Nicole Kidman is currently navigating her grief following the death of her mother named Janelle Ann Kidman, who unfortunately passed away at the age of 84 in the month of September. This loss has profoundly impacted her perspective on life and mortality, asserted New York Post.

Asteroid 2024 PT5. According to The U.S. Sun, the asteroid which was discovered by NASA's Asteroid Terrestrial-impact Last Alert System (ATLAS) on August 7 measures approximately 33 feet wide and will remain in Earth's orbit for about two months before departing on November 25, 2024. In spite of its size which is significantly smaller than Earth's actual moon, it genuinely poses no hazard to our planet. Asteroid 2024 PT5 hails from the Arjuna asteroid belt and follows an Earth-like orbit, reported The U.S. Sun. Also Read: The Sex Lives of College Girls Season 3: Release date, episode schedule, what to expect & more

Scott Foley has been announced as a recurring cast member in ABC's Will Trent for its upcoming third season.

Starring Gugu Mbatha-Raw, who also serves as an executive producer, Surface tells the gripping tale of Sophie, a woman grappling with memory loss following a traumatic head injury, initially believed to be from a suicide attempt, as mentioned in a report by TV Insider. However, as Sophie explores into her past, she begins to uncover unsettling truths about her life.

Gaza, accusing council members of cynically rejecting attempts at reaching a compromise. The 15-member council voted on a resolution put forward by its 10 non-permanent members in a meeting that called for an «immediate, unconditional and permanent ceasefire» and separately demand the release of hostages. Only the U.S. voted against, using its veto as a permanent council member to block the resolution.

steel imports are landing from FTA countries at nil duty and any duty hike will not have any impact on these shipments, Steel Secretary Sandeep Poundrik said on Wednesday while acknowledging that there is a genuine problem of supply glut due to increased imports. His comments have come against the background of domestic steel players raising concerns over rising cheap steel imports from select nations, affecting their competitiveness. The domestic industry has also sought an increase in customs duty on steel products to check below-cost shipments. Speaking at a Ficci event here, the Steel Secretary even if the government raises the basic customs duty on imports, the move will not have the desired impact as 62 per cent of the shipments entering India from FTA nations. There is a genuine problem and the ministry is aware of that, Poundrik said adding that there are multiple ways to protect the domestic industry but the only problem is that 62 per cent of imports are from FTA countries.

World Trade Organization (WTO) India’s quality control orders (QCO) on various products including medical textiles, footwear and viscose staple fibre, and certain measures which restrict its import of copper, wooden boards and tyres. These issues came up at a meeting on market access in WTO on Wednesday. Last year, Canada, Japan, the UK and the EU had raised concerns at India’s QCOs terming them protectionist. “Some new trade concerns pertaining to India’s QCOs were raised at the meeting,” said a Geneva-based official.

insurtech sector has mobilised USD 2.5 billion over the years and the industry is expected to attract more investment in the future as there are significant growth opportunities in the space, a report said on Wednesday. According to Boston Consulting Group (BCG) and India InsurTech Association (IIA) report, India has about 150 insurtech companies, with 10 unicorns and «soonicorns» and over 45 «minicorns» with a 12 times increase in revenue over the past five years to reach USD 750 million. Cumulative funding has surpassed USD 2.5 billion, bringing the total ecosystem valuation to over USD 13.6 billion, the report said. While global insurtech funding has slowed down, the report said, APAC's insurtech sector has shown resilience.

The Italian, Spanish, and Greek embassies in Kyiv also announced that they will remain closed to the public today after air raid sirens were activated in the Ukrainian capital several times overnight, CNN reported. This development comes amid escalating tensions in the Russia-Ukraine conflict. Ukraine on Wednesday, marked 1000 days since Russia launched the full-scale invasion of Ukraine on February 24, 2022.