PAM Financial News

12.11 / 14:17
markets FIVE awards Trade PAM country Department India imposes anti-dumping duty on chemical imported from China, Korea, Thailand
China, Korea, and Thailand for five years to guard domestic players from cheap imports from these nations. The duty was imposed as the chemical — Epichlorohydrin — was exported to India from these countries at below-normal prices. «The anti-dumping duty imposed under this notification shall be levied for a period of five years (unless revoked, superseded or amended earlier)...,» the department of revenue said in a notification. The levy is imposed following recommendations for the same by the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR).
12.11 / 10:51
markets Digital Google Sustainability community Experts PAM Guru Nanak Jayanti bank holiday 2024: Are banks open or closed on Friday, November 15? Check state-wise list
The Reserve Bank of India publishes regional and national holidays state wise on its website. Note that banks are closed on Sundays, second and fourth Saturday's of the month.
12.11 / 10:51
markets Digital Strategy Experts PAM Interviews Sadhguru warns against ‘excessive green talk,’ says Trump’s ‘drill, baby drill’ shows people won’t abandon oil so easily
COP29), spiritual guide Sadhguru offered a critical perspective, arguing that urging nations to abandon fossil fuels without presenting viable alternatives could backfire. Highlighting the imbalance between the ongoing anti-fossil fuel rhetoric and the absence of feasible substitutions, Sadhguru referenced Donald Trump's infamous «drill, baby drill» slogan, which he sees as a backlash to excessive environmental discourse. “We are continuously talking about fossil fuels. It must happen. The shift is needed. But that’s not going to happen unless there are significant technological innovations. It’s not going to happen just because you wish. The world is not going to give up oil simply because you and I say it is not good. Substantive alternatives have to come. Where are those?” he told TOI in an interview. «Incessant discussions on fossil fuels are crucial, but mere intentions won’t suffice. Transformative technological advancements are essential,» he remarked during an interview with TOI, illustrating the lack of viable alternatives to oil and emphasizing resistance against sacrificing lifestyle standards for ecological goals.
12.11 / 10:51
markets Google Experts PAM country Features Google Maps unveils real-time air pollution tracker across 100 countries
air pollution problem, Google Maps has introduced a new feature involving real-time tracking of air quality index or AQI. This feature, which updates every one hour, allows its users to check up on the air quality of any location in India. It will be activated in 100 other countries this week. This feature measures the pollution of a given area on a 0 to 500 scale. A colour is assigned to each scale, with green for good and red for severe. The scale corresponds thus to air quality:
12.11 / 10:05
markets Digital Experts PAM AVP Courts cricket BCCI seeks withdrawal of insolvency petition against Byju's in NCLAT
BCCI) Tuesday sought withdrawal of its insolvency petition against embattled edtech firm Byju's in the National Company Law Tribunal (NCLT). The move by the cricket control board follows a Supreme Court of India ruling on October 23, which quashed a National Company Law Appellate Tribunal (NCLAT) order allowing a settlement between BCCI and Byju's. On August 2, NCLAT’s Chennai bench approved Byju’s founders’ settlement of the Rs 158 crore payment owed to BCCI, helping the edtech company avoid bankruptcy. The matter will be heard on November 18.
12.11 / 10:05
markets Digital Airlines Experts PAM International Destinations Air India Group operates 8,500 weekly flights with 300 planes
Air India Group is currently serving 312 domestic and international routes with around 8,500 weekly flights, according to airline sources. For now, Tata Group-owned Air India, which has merged full service carrier Vistara with itself, has a total of 67 wide body aircraft, including seven of Vistara. The integrated entity of Air India and Vistara is India's largest international carrier and the second largest domestic airline. The entity has 210 planes serving 91 destinations and 174 routes with weekly flights of around 5,600, the sources said.
12.11 / 07:59
markets FIVE Digital Experts PAM cover information UGC NET December 2024 notification to be out soon; Here are steps for registration and more
The awaited UGC NET 2024 December notification will include comprehensive details about the exam, covering eligibility criteria, key dates, the application process, instructions on admit cards, the exam pattern, syllabus, and subject list, among other essential information.
12.11 / 03:59
markets Target Digital students Experts PAM information Russian cybersecurity experts keen to share expertise with India amid rising threats
A leading Russian cybersecurity firm Positive Technologies has revealed that more than two-thirds of cyberattacks in India lead to leaks of confidential information, making India a focal point for improving cyber defences. The company presented its findings at the Positive Hack Talks meetup on October 11 in Bengaluru, underscoring a pressing need for fortified cybersecurity measures. The company’s report highlights a 15% increase in cyberattacks across India in 2023, with a staggering 46% rise in attacks in Q2 of 2024 alone, significantly outpacing the global growth rate of 30% in the same period.
12.11 / 03:09
markets Citi Digital Strategy Experts PAM Schools Chennai Weather Update: Schools close as rain batters city and nearby districts
Chennai’s district collector, Rashmi Siddharth Zagade, has declared a school holiday for Tuesday, as per a TOI report. The India Meteorological Department (IMD) has issued a yellow alert across multiple districts, with alerts set for 12 districts on November 12, 17 districts on November 13, 27 districts on November 14, and 25 districts on November 15. Read more: Chennai to see heavy rain for next few days, IMD issues alerts for multiple districts across Tamil Nadu; Full forecast here
12.11 / 00:21
markets Digital Strategy Election PAM Destinations High tariffs: These 23 everyday items to become more expensive when Donald Trump takes office on January 20, 2025
Donald Trump's decision to impose higher tariffs on imports may be implemented as soon as he comes to power at the White House on January 20 next year. This is the day he would ascend to power at the White House, backed by a huge mandate from the US Presidential elections, which he achieved by convincingly beating Kamala Harris, by even whitewashing her in all the key swing states.
12.11 / 00:21
markets Digital Coca-Cola Aware Strategy PepsiCo PAM Goldman Sachs look to join hands with Bhartias of Jubilant for HCCB stake buy, to finance upto Rs 3500 cr
Bhartia family of the Jubilant Group led by brothers Shyam and Hari Bhartia is in advance negotiations with Goldman Sachs to partner with them to acquire a 40% stake in Hindustan Coca-Cola Beverages (HCCB), the wholly owned bottling arm of the US beverage giant in India – the 5th largest market of the Atlanta based beverages giant. Goldman Sachs is expected to finance the special purchase vehicle (SPV) created to own the HCCB stake, deploying Rs 3000-3500 crore through a convertible preferred equity instrument. A similar sized investment is being made by the Bhartia family themselves, said people aware of the development. The investment by the Wall Street bell weather will be routed through the fast growing Goldman Sachs Alternatives vertical – an overarching vertical that does growth and private equity, hedge fund, real estate and private credit investments.
11.11 / 20:53
markets security Election Death PAM show Inside Polling Nostradamus Allan Lichtman gets death threats after predicting the 2024 U.S elections wrong; there were two break-in attempts on his home
Allan Lichtman had actually predicted a win for Kamala Harris over Donald Trump back in the month of September using his ‘Keys to the White House’ model which consisted of 13 true or false questions. According to Business Insider, following the victory of Donald Trump, Allan Lichtman faced severe backlash which included death threats, doxing, swatting attempts and intimidation. More than that, he has already reported two attempts of breaching his home which eventually prompted police involvement. Also Read: Mission: Impossible 8: The Final Reckoning’s release date, trailer, cast and storyline
11.11 / 20:27
markets President Actor Experts Bassett PAM Mission: Impossible 8: The Final Reckoning’s release date, trailer, cast and storyline
Tom Cruise’s upcoming movie, Mission: Impossible 8, now titled The Final Reckoning, has revealed its first trailer and official release date. The film, originally intended as a follow-up to Mission: Impossible – Dead Reckoning, is scheduled to premiere in May 2025.
11.11 / 20:27
markets Digital Strategy Experts PAM show Colleges Sex Lives of College Girls release date: Where to watch?
Sex Lives of College Girls" is releasing in November. HBO and Max will stream the popular show in the US, as per a report. HBO and Max have a list for upcoming releases. The list also features «The Sex Lives of College Girls» «The Sex Lives of College Girls» will be streaming on HBO and Max from November 21.
11.11 / 20:27
markets FIVE Digital Strategy Experts PAM reports Milestone in January: Donald and Melania Trump's 20th wedding anniversary is 5 days after his inauguration; here's what you need to know about their 2005 Palm Beach wedding
January 2025, Donald and Melania Trump will commemorate a significant milestone: 20 years of marriage, and he also assumes office for a second term in that same month, as quoted in a report by The Palm Beach Post. Monday, January 20, 2025, will be his inauguration day. Five days later, Donald and Melania Trump celebrate their twentieth wedding anniversary. Twenty years ago, Melania Knauss, a professional model, and Donald Trump were in the process of organizing their extravagant wedding in Palm Beach, Florida. The wedding had taken place at the Episcopal Church of Bethesda-By-the-Sea, and the reception was held in his private club's brand-new Donald J. Trump Ballroom.
11.11 / 20:27
markets Digital love Experts Celebrity PAM singer No Ben Affleck following divorce: Here's who Jennifer Lopez is planning to celebrate Christmas with
Ben Affleck's divorce, Jennifer Lopez discloses who she will be spending the holidays with. Despite her ongoing divorce from Ben Affleck, Jennifer Lopez won't be spending Christmas alone. The singer disclosed that she intends to spend the holidays with her closest loved ones, as quoted in a report by InTouch. In an interview with People on Wednesday, November 6, Jennifer, 55, stated that she is most looking forward to spending time with her kids and her family coming out from the East Coast because it was a pretty intense year for her.
11.11 / 17:57
markets UPS FIVE Digital awards Experts PAM HFCL consortium to get contract worth Rs 13,000 cr for BharatNet Phase 3 project
HFCL Ltd on Monday said the company along with its consortium partners has been declared the lowest bidder for optical fibre-based broadband network projects worth Rs 13,000 crore under BharatNet Phase III for UP East, UP West and Punjab circles. The company placed bids for UP East and UP West through consortium partners and alone for the Punjab circle. «HFCL-Rail Vikas Nigam Limited (RVNL)-Aerial Telecom Solutions Private Limited, a Consortium has been declared as the Lowest Bidders by Bharat Sanchar Nigam Limited (BSNL), for bids valued at around Rs 6,925 crore to provide middle-mile network in Uttar Pradesh (East) and Uttar Pradesh (West) under the BharatNet Phase III programme,» the company said in the filing. The consortium will be awarded 10 years of operation and maintenance (O&M) order at an annual rate of 5.5 per cent of capex for the first five years and 6.5 per cent for the subsequent five years which will be worth about Rs 4,155 crores, after commissioning of the first ring of network, the filing said.
11.11 / 17:57
markets Target Digital Sustainability Experts PAM country Japan unveils $65 billion plan to aid domestic chip industry
Shigeru Ishiba on Monday unveiled a $65 billion plan to boost the country's chip and artificial intelligence industries via subsidies and other financial incentives. The plan, which will provide support worth 10 trillion yen ($65 billion) or more by fiscal 2030, comes as countries look to strengthen control over their chip supply chains after global shocks including trade tensions between the United States and China. Japan's government intends to submit the plan, including bills to support the mass production of next-generation chips, to the next parliament session, according to a draft of the plan seen by Reuters earlier on Monday.
11.11 / 17:57
markets Digital Experts PAM hospital Courts Colleges Trial begins in RG Kar Medical College doctor's rape and murder case, accused claims innocence
RG Kar Medical College & Hospital PGT doctor in August started at a special court in Kolkata's Sealdah on Monday. Meanwhile, the sole accused Sanjay Roy, while leaving the court in the evening, claimed today that he has been falsely implicated by Kolkata Police. The trial is being conducted on a fast-track and daily basis. «I have been a victim of conspiracy. Vineet Goyal and DC Special have falsely implicated me,» Roy said today from the prison van. Recently, Roy has claimed in front of media channels, while he was being produced in court, that he did not commit rape or murder, and he was being falsely implicated by the police. Pointing at the Kolkata Police, where he worked as a civic volunteer, Roy also claimed he had been threatened by his own departmental colleagues to remain silent in the matter.
11.11 / 17:57
markets COST UPS Digital awards Experts PAM Hindalco to spend $4-5 bn on upstream expansion
Hindalco Industries will spend $4 — $5 billion on capital expenditure over a period of three years to expand its upstream facilities for aluminium and copper, the company said on Monday. These include an aluminium smelter, alumina refinery, a copper smelter and a copper recycling plant, managing director Satish Pai said on a call post the earnings. The metal flagship company of the Aditya Birla group announced its earnings for the September quarter late on Monday, and its consolidated net profit jumped 78% on year to ₹3,909 crore helped by strong traction in its India business.
11.11 / 17:57
markets Progressive Strategy awards wellness RAI PAM EU sees 'slim' chance of success in EV tariff negotiations with China
European Union sees very limited progress in negotiations with China aimed at finding an alternative to tariffs on electric vehicles and the bloc currently sees little prospect of a quick deal, according to people familiar with the matter. China and the EU will continue technical talks this week after discussions in Beijing where both sides touted some progress. However, the chances of a deal remain slim for now, said the people, who spoke on condition of anonymity. China hasn't yet moved toward the EU's strict requirements on ensuring that any arrangement is enforceable and matches the effect of the anti-subsidy tariffs the bloc adopted last month, they said.

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