PAM Financial News

Diddy's accusers’ lawyer claims he won't be intimidated after being sued for extortion by a high-profile celebrity. Over 120 alleged victims of the music mogul Sean Diddy Combs are represented by attorney Tony Buzbee, who has denied extortion allegations from a well-known person associated with the rapper, as quoted in a report by Blast. This well-known, anonymous person claimed that the lawyer and his firm threatened to file entirely fabricated and malicious allegations of sexual assault against him if he didn't comply.

National Capital Region. Builders and brokers in cities like Dehradun, Kasauli, Rishikesh, Nainital and Shimla said many from NCR's middle-class, who cannot afford a luxury second home, have approached them in the past few days looking for properties that fit into their budgets. «The rising demand for second homes in serene locations like Kasauli and Rishikesh is a direct result of increasing pollution levels in the NCR. Homebuyers are seeking refuge in these destinations, drawn by their clean air, natural beauty, and peaceful environments,» said Amar Kapoor, founder of Terra Grande by Eldeco Group, which is developing vacation homes at Kasauli and Rishikesh.

air pollution continues to wreak havoc, the respiratory segment is expected to grow further in the coming months. While the domestic pharma market is largely driven by anti-diabetics and cardiac therapies, respiratory therapies are expected to lead the growth in November, December and January, pharma experts said. According to market research firm Pharmarack, the respiratory segment is valued at ₹16,413 crore, growing at a compound annual rate of 12%. The anti-asthma and COPD (chronic obstructive pulmonary disease) products have grown from ₹6,094 crore MAT (moving annual turnover) value in October 2021 to ₹9,960 crore in October 2024. Likewise, the cough and cold market has grown from ₹2,926 crore MAT value to ₹4,129 crore during the same period. «The respiratory market shows the normal seasonal trend for the anti-asthma and cough and cold segment,» said Sheetal Sapale, VP, commercial, Pharmarack. «There were fewer reported cases in October 2024 compared to October 2023, hence there is de-growth in the market. The market peaks in December and January and then gradually subsides as winter loses its intensity,» Sapale said.

Maharashtra assembly seats and the remaining 38 Jharkhand constituencies will be held on Wednesday. Results for both the states will be out on November 23. While 4,136 candidates, including 363 women, are contesting in Maharashtra; 528 contestants, including 55 females, are in the fray in Jharkhand’s second phase. Here’s a look:

Glas Trust, which represents a group of US entities that lent $1.2 billion to the edtech firm Byju's, has questioned tomorrow’s extraordinary general meeting (EGM) called by Think & Learn’s subsidiary Aakash Institute as it may affect Byju’s insolvency process. Glas Trust has raised concerns about Think & Learn resolution professional's (RP) actions, specifically questioning the decision to allow Byju's founder to represent Think & Learn on Aakash’s board. «The RP is not bothered even though the assets from the company are being frittered away,” said Glas Trust.

JSW Steel on Tuesday said it has been declared as the preferred bidder for Codli Mineral Block XII at Dharbandora in Goa. The company has received a communication from the Office of the Director, Directorate of Mines & Geology, Government of Goa, JSW Steel said in an exchange filing. «The company is declared as 'Preferred Bidder' with highest final offer price at 92.60 per cent of the value of mineral dispatched,» it said. The projected iron ore resources are 48.5 million tonnes in addition to 2.7 million tonnes of ore in dumps, JSW Steel said.

ARTEMIS, which stands for ‘Advanced Robotic Technology for Enhanced Mobility and Improved Stability’. According to Daily Star, this robot is designed to play soccer with aspirations to rival top players like Lionel Messi. Daily Star reported that ARTEMIS can walk at a speed of 2.1 meters per second which makes it potentially the fastest walking humanoid robot. It is equipped with actuators that mimic biological muscle while allowing for more fluid movements compared to traditional robots. Also Read: Lionel Messi-Argentina vs Peru free live streaming: Prediction, kick-off time, how to watch

Faf du Plessis, who led the Royal Challengers Bengaluru (RCB) for three IPL seasons from 2022 to 2024, was not retained by the franchise for the upcoming league. This places du Plessis alongside Shreyas Iyer, Rishabh Pant, and KL Rahul in the pool for the IPL mega auctions. Andy Flower, RCB's head coach, acknowledged du Plessis's contributions. «Last year, Faf's captaincy and leadership — in what was a really tough season, particularly in the first half — was sensational,» Flower said. «He led the revival that took us into the finals.»

Narendra Modi on Monday shared a hearty laughter with French President Emmanuel Macron and World Bank President Ajay Banga, on the sidelines of the G20 Summit in Rio de Janeiro, Brazil. A video posted on Macron’s official X (formerly Twitter) account captured the candid exchange, in which Macron warmly greets PM Modi with a hug, and Banga lightens the mood with a witty remark. In the clip, Banga approaches the two leaders and, turning to PM Modi, jokes: «He [Macron] is going from one Indian to another,» prompting laughter from both Modi and Macron.

TCIL) is likely to sell its remaining 15% share in Bharti Hexacom in multiple tranches for a windfall income. «The government is considering selling out 15% share in Bharti Hexacom in two or more tranches to maximise the proceeds.Decision not to sell the complete stake in one go previously helped the government to maximise its return by more than 60% over its target value of Rs 9,500-crore. Selling the balance stake in multiple tranches will further enhance value maximization for the government,» a senior Department of Telecommunications (DoT) official told ET. In April this year, the public sector firm sold 15% equity of the total 30% it had in Sunil Mittal-driven Bharti's unit Bharti Hexacom that fetched Rs 4,275-crore to the state exchequer at Rs 570 per share.

Manipur Police. The rally, organised by the Joint Philanthropic Organisation (JPO), started around 11 am. Hundreds of people participated in it with placards demanding justice for those killed, and a separate administration in the hill areas. The march concluded at the 'Wall of Remembrance', a memorial for the Kuki people killed in the ethnic violence in the state since May last year.

Vinod Tawde distributed money to voters in a constituency in Palghar district. The BJP has, however, rubbished the allegations, saying Thakur's claim was nothing more than a publicity stunt and the Maha Vikas Aghadi (MVA) was making these allegations as it is headed for defeat. A purported video of a face-off between Tawde and BVA leaders and workers has surfaced on social media. Polls for the 288-member state assembly will be held on November 20, and the votes will be counted on November 23.

Sukhvinder Singh Sukhu on Tuesday said he has not yet seen the High Court's decision to attach Himachal Bhawan in Delhi but has taken information regarding it and will review the order. Speaking to reporters, Sukhu said, «I have not read the High Court order but the upfront premium is based on a policy under which when the energy policy was made in 2006, I was the main architect. We had kept a reserve price per megawatt on which the companies had bid. There was a decision made by arbitration in the matter of upfront premium...Our govt went to the High Court against the arbitration order and the government had to deposit Rs 64 crore in arbitration. I have taken information regarding the same and we will study about this type of order.» The Himachal Pradesh High Court on Monday passed an order to attach the Himachal Bhavan in Delhi's Mandi House after the Congress-led Sukhvinder Singh Sukhu government failed to clear overdue electricity bills.

BAKU: The European Union on Monday urged «wealthier high-emitting» developing nations to voluntarily contribute to climate finance, signalling a shift from its earlier position that had stalled progress in the UN climate talks. Securing a new climate finance package to help developing countries reduce emissions and adapt to climate change is the top priority of this year's UN climate talks. Developing nations need at least $1.3 trillion annually to tackle worsening climate impacts. The EU and some developed countries argue that such a large sum can only be achieved if «wealthier high-emitting» developing nations, like China and Gulf states, also contribute. However, this proposal has been a major sticking point, as many developing countries view it as an attempt to shift responsibility away from those who historically benefited from industrialisation. European Commissioner for Climate Action, Wopke Hoekstra, suggested a compromise on Monday, proposing voluntary contributions from these nations without changing the traditional classification of developed and developing countries.

BAKU: With no much headway on the critical issue of climate finance at UN climate talks COP29 here, negotiators of 198 countries appear to be looking at any big signal from the G20 summit in Brazil’s Rio de Janeiro, where heads of state/government of rich nations and emerging economies are brainstorming on multiple issues, including climate and renewable energy. «We urge them to use the G20 meeting to send a positive signal of their commitment to address the climate crisis. We want them to provide clear mandates to deliver at COP29,» said COP29 president Mukhtar Babayev. At a press conference, he did not mince words while speaking on how important the G20 was for the success of COP29 when the big stake issue of climate finance continues to elude the convergence point among rich and developing countries. «We cannot succeed without them (G20 nations), and the world is waiting to hear from them… They account for 85% of global GDP and 80% of emissions,» said Babayev.

Sean Duffy to be transportation secretary and oversee a huge federal portfolio of infrastructure spending and transit regulations. As the incoming Republican administration promises a swath of spending cuts, Trump in a statement praised Duffy's advocacy in congress for "fiscal responsibility." Still, with the leader of the Department of Transportation tasked with overseeing major infrastructure upgrades and maintenance, the president-elect said Duffy, from Wisconsin, worked with Democratic colleagues in Congress on a major road and bridge project.

new-age companies in sectors such as beauty, wearables, logistics, ecommerce and used-car sales, which are now seeking to ramp up growth by focusing on new areas of business. Delhivery chief executive Sahil Barua flagged the slowdown in broader consumption, telling analysts during the firm’s earnings call last week that the trend has now trickled to ecommerce. To counter tepid demand, the logistics firm is attempting to chase new growth areas such as quick-commerce, regional and air logistics. The slump has exposed pain points for multiple new-age beauty brands. Mamaearth posted a loss in its second quarter, even as its stock hit a 52-week low on Monday reacting to the weak results. The Gurugram-based brand, which is undergoing a restructuring of its offline supply chain, said it was clocking slower-than-expected growth and that it needed to recalibrate the strategy for its flagship brand to grow.

U.S. House of Representatives Ethics Committee is expected to discuss next steps on Wednesday in its investigation into President-elect Donald Trump's attorney general pick Matt Gaetz, two sources with knowledge of the panel's plans said. The sources were granted anonymity to discuss the bipartisan panel's inner workings. A growing number of Trump's fellow Republicans in the U.S. Senate, which has a constitutional duty to confirm or reject high-level presidential appointments, have called on the House panel to turn over its findings on allegations of sexual misconduct involving a teenager and drug use by Gaetz.

In September alone, 26 deals were signed by key IT services players, including six each by domestic firm Infosys and global player Accenture while Cognizant grabbed three deals. Some of key projects in September included Infosys’ deals with Proximus group, LIC and Metro Bank while Cognizant announced agreements with Kombit, England and Wales Cricket Board and Mecwacare. Wipro bagged one deal with JFK International Air Terminal.

Accel. The round also saw participation from angel investors such as founders of Urban Company Abhiraj Bhal and Varun Khaitan, former Swiggy Instamart head Karthik Gurumurthy and others. The funds will be used for expanding operations and scaling its delivery model across most areas of Bengaluru, with plans to extend into other tier-1 cities.

Ever since the magnificent win in the US Presidential elections this year, Donald Trump is having a Gala time with those who have been close to his campaign right from the start, and now he is seen sharing some light moments with his prospective Cabinet member, RFK Jr, who has been tapped by the President-elect to run the Department of Health and Human Services, when the next administrative term begins at the White House. RFK Jr. has already been talking about health and safety issues surrounding the American population, and is working on remedies to cater to them, as per reports. However, there is nothing stopping him from gulping down some cheat meals in the interim, and is already beginning to earn the 'cool kids' tag on social media, based on the latest posts.