PAM Financial News

Balasaheb Thorat has asserted that the opposition Maha Vikas Aghadi (MVA) will win a clear majority and also indicated his chief ministerial aspirations. In an exclusive interview to PTI ahead of the November 20 state assembly polls, Thorat (71) said he is among the few senior leaders in the MVA after NCP (SP) head Sharad Pawar and enjoys cordial relations with leaders of the alliance. Thorat's assertion has come at a time when the ruling Mahayuti coalition has been reluctant to declare incumbent Chief Minister Eknath Shinde as the next CM, with BJP leader Devendra Fadnavis saying a decision on it will be taken after the poll results are announced. «I am among the senior leaders in the MVA after Sharad Pawar,» Thorat, an eight-term MLA from Sangamner in Ahilyanagar district, told PTI when asked whether he saw himself as an acceptable face of the opposition alliance.

Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron's only iPhone plant in India, forming a new joint venture that strengthens Tata's position as an Apple supplier, two sources told Reuters. Under the deal announced internally last week, Tata will hold 60% and run daily operations under the joint venture, while Pegatron will hold the rest and provide technical support, said the two sources, who declined to be named as the details are not yet public. The sources did not elaborate on the financials of the deal.

Amit Shah on Sunday cancelled his rallies in poll-bound Maharashtra and is headed back to Delhi as the situation in Manipur continues to be volatile, according to sources. The home minister is likely to hold a meeting to review the situation in the northeastern state, the sources said. Irate mobs set fire to the residences of three more BJP legislators, one of whom is a senior minister, and a Congress MLA in various districts of Imphal Valley on Saturday night even as security forces foiled an attempt by agitators to storm the ancestral residence of Chief Minister N Biren Singh. Shah was supposed to attend a few election rallies as part of the BJP's campaign in Maharashtra but he has cancelled them and is returning to the national capital, the sources said.

Supreme Court is scheduled to hear on Monday a plea seeking enforcement of measures to curb air pollution in the national capital. Delhi woke up to toxic air conditions on Sunday as the Air Quality Index (AQI) was recorded in the «severe» category. The AQI stood at 429 at 9 am, according to the 'Sameer App', which provides hourly updates from the Central Pollution Control Board (CPCB). The 24-hour average AQI was recorded at 417 at 4 pm on Saturday. As per the cause list of November 18 uploaded on the apex court website, a bench of Justices Abhay S Oka and Augustine George Masih is slated to hear the plea.

tea trade association has expressed optimism and enthusiasm as the tea industry witnessed significant growth, with over Rs2,800 crore worth of tea sold at the Guwahati Tea Auction Centre (GTAC) during the current financial year (2024-2025) so far. According to official data from the GTAC, approximately 111.03 million kg of tea was sold at an average price of Rs252 per kg until October of the ongoing financial year. In comparison, during the same period in the 2023-24 financial year, 102.92 million kg of tea was sold at an average price of Rs200.08 per kg. Dinesh Bihani, Secretary of the Guwahati Tea Auction Buyers' Association (GTABA), told ANI, «Compared to the previous year, we have achieved an increase of Rs52.75 per kg this year. Last year, we sold tea worth Rs2,059 crore from April to October, whereas this year, during the same period, we sold tea worth Rs2,807 crore. Last year, we sold 102.92 million kg of tea, and this year, it increased to 111.03 million kg.»

Janja Lula da Silva, swore at billionaire Elon Musk during a G20 social event on Saturday at which she spoke about the need to regulate social media to rein in misinformation. A ship's horn sounded as she spoke and she joked, «I think it's Elon Musk,» before adding, «I'm not afraid of you, fuck you, Elon Musk.» Musk, owner of social network X, reacted to a video of her remarks by posting a laughing out loud emoji graphic. In another post, he added, «They are going to lose the next election,» in a reference to President Luiz Inacio Lula da Silva.

Jiribam since Monday following a gunfight between militants and security forces that led to the deaths of 10 insurgents. The bodies of the two women and a child were recovered from Barak River in Jiribam on Saturday, while three other bodies, including those of a woman and two children, were found on Friday night. Piles of debris remained on the roads of state capital Imphal on Sunday morning, a day after protestors staged violent protests over the deaths, attacking the residences of three state ministers and six MLAs.

Donald Trump announced this past week was an unusual appointment: Elon Musk and Vivek Ramaswamy will lead a newly created Department of Government Efficiency. While Trump has not detailed how the entity will operate, he said in a statement that it would «slash excess regulations, cut wasteful expenditures and restructure federal agencies» and «provide advice and guidance from outside of government.» Conventionally, what outsiders can do in the government has been pretty limited. But with Trump and Musk both known for pushing boundaries, it's not clear what «DOGE» will look like.

Modi greeted the Indian diaspora in Nigeria on Sunday upon his arrival on the first leg of his three-nation visit. In a series of posts on X, PM Modi shared pictures of his welcome by the Indian diaspora in Nigeria and said that it was «heartwarming.» «Heartwarming to see the Indian community in Nigeria extending such a warm and vibrant welcome!» he said.

Pentagon has released a fresh report on Unidentified Aerial Phenomena (UAPs), commonly referred to as UFOs. While it details hundreds of new incidents, the report does not provide any proof of extraterrestrial origins. Compiled by the Pentagon’s All-Domain Anomaly Resolution Office (AARO), the review examines cases involving objects ranging from misidentified balloons and drones to more mysterious sightings. One notable case involved a near-miss between a commercial aeroplane and an unidentified object off New York’s coast.

The world lender has long backed measures in Egypt including a liberal currency exchange market and weaning the public away from subsidies. On the ground, that has translated into an eroding middle class with depleted purchasing power, turning into luxuries what were once considered necessities.

flash bombs were fired towards Israeli Prime Minister Benjamin Netanyahu's home in the northern Israeli town of Caesarea on Saturday and fell into the garden, police said. Neither Netanyahu nor his family were present and there was no damage reported, it added in a statement. Israeli Defence Minister Israel Katz said the incident crossed «all red lines» in a post on X early on Sunday.

Joe Biden and Chinese President Xi Jinping agreed on Saturday that human beings and not artificial intelligence should make decisions over the use of nuclear weapons, according to the White House. «The two leaders affirmed the need to maintain human control over the decision to use nuclear weapons,» the White House said in a statement. «The two leaders also stressed the need to consider carefully the potential risks and develop AI technology in the military field in a prudent and responsible manner.» An official Chinese government summary of the meeting echoed this point. The Chinese foreign ministry did not immediately respond to a request for comment.

UN climate chief Simon Stiell on Saturday urged them to send a strong signal that climate action is core business for the world's biggest economies and step up climate finance globally as it requires action both inside and outside the COP process. His remarks come as negotiators here continue to brainstorm on finalising post-2025 climate finance goals without making much headway on the latest iteration of the draft decision text during multiple negotiations at CO. It is believed that the leaders' declaration by G20 leaders at Rio may give a push to the ongoing negotiation here. «Here in Baku negotiators are working around the clock on a new climate finance goal. There is a long way to go, but everyone is very aware of the stakes, at the halfway point in the COP. Climate finance progress outside of our process is equally crucial, and the G20's role is mission-critical,» said Stiell.

Netflix bout ended in a one-sided defeat for the legendary boxer in front of a sold-out crowd at AT&T Stadium in Arlington in Texas. Paul beat boxing legend Mike Tyson by unanimous decision to win the intergenerational heavyweight battle that failed to live up to its enormous hype. Now frustrated fans have alleged that Paul could have won the bout much earlier but deliberately kept on fighting Tyson for eight rounds. Some fans have claimed that Paul didn't want to knock Tyson out. Tyson barely landed a punch during the eight-round bout, with Paul winning by big margins on all three cards — 80-72, 79-73 and 79-73.

A team of police officials from Hyderabad and Odisha reached the village and raided the house of the in-laws of accused Gopal Behera. Gopal, who is absconding at present, worked in an agro-based company in Hyderabad and he had allegedly stolen more than Rs 20 lakhs from the company locker.

Australia and on the other side are India, wounded after a rare series loss at home after 12 years, that too a 0-3 whitewash against New Zealand. Here is a description of what could be expected at each venue based on last six seasons, which have witnessed two big series wins by India and another home Test loss for Australia to West Indies in a thriller at Brisbane this year. -Optus Stadium, Perth

The centre has stated that security scenario in Manipur has remained fragile for the past few days. Curfew is clamped in Imphal East and West districts. Temporary suspension of Internet and mobile data service in Imphal West, Imphal East, Thoubal, Kakching, Bishnupur, Kangpokpi and Churachandpur for a period of two days.

The 21-year-old suspect, surnamed Xu, was caught at the scene and he confessed to his crime, according to a statement released by the public security bureau of Yixing, the state-run Xinhua news agency reported. According to the police, Xu, a graduate of the school this year, returned to the school to vent his anger for not receiving his graduation certificate due to failing exams and for dissatisfaction with his internship pay.

Cedar-IBSi Capital on Saturday said it is looking to invest in 10-15 startups working in the banking and insurance technology segment to expand its footprint in the country. «The fund plans to build a portfolio of the companies, allocating a budget within the range of Rs 4-10 crore, with an intensified focus on financially strengthening 8 to 10 high-performing companies,» it said. The fund has already gathered commitments in the range of Rs 50-75 crore from its Rs 240 crore early-stage fund launched in 2023, it added. «We are focusing on investing in startups which offer unique products and innovative tech to help improve efficiency at financial institutions. We have made our first investment in Cogniquest, an intelligent document processing tech company and are looking forward to announcing our second investment shortly,» Sahil Anand, Founder and Managing Partner, Cedar-IBSi Capital, said.

Balwinder S Bhunder has convened an emergency meeting of the Working Committee of the party on November 18 to consider Sukhbir Singh Badal's resignation from the party's President post. SAD leader Daljit Singh Cheema said that the Working Committee meeting will also discuss the party's next course of action, including the conduct of elections for the new President. The November 18 meeting will be held at the party's headquarters here, said SAD in a press release. On Saturday, Sukhbir Singh Badal submitted his resignation to the party's Working Committee to pave the way for the election of the new President of the SAD.