PAM Financial News
11.11 / 17:57
markets
Strategy
wellness
Trade
RAI
PAM
EU brandy to face anti-dumping steps from Beijing
anti-dumping measures" on brandy imported from the European Union, deepening a trade standoff between Beijing and Brussels after similar measures last month. China announced provisional tariffs on EU brandy imports last month, saying the alleged «dumping» threatened «substantial damage» to the domestic industry. And Beijing's commerce ministry said in a statement Monday that authorities have «decided to implement temporary anti-dumping measures in the form of a cash deposit or letter of guarantee» against European brandy products.
11.11 / 17:57
markets
Citi
Digital
awards
Experts
PAM
social
HDFC Bank to divest HDFC House, other realty assets
HDFC Bank has decided to divest several key commercial properties inherited during its 2023 merger with its mortgage-lender parent, HDFC, said persons with direct knowledge of the development. Monetisation of these assets, which include some residential apartments, could together fetch about ₹3,000 crore for India's most-valued bank. The assets to be sold include the HDFC House in South Mumbai's Churchgate and residential apartments that were allotted to HDFC's senior officials earlier. Commercial assets across south Mumbai, Kalina, Chandivali and other cities including Kolkata, Mysore, and Bengaluru are valued at around ₹2,400 crore. Residential apartments are likely to be valued around ₹800 crore.
11.11 / 16:57
markets
Digital
security
Strategy
Research
PAM
innovations
In a first, space exercise 'Antariksha Abhyas' gets underway in Delhi
Antariksha Abhyas — 2024', an exercise to «war-game the growing threats from and to space-based assets and services», is being conducted by the Defence Space Agency of Headquarters Integrated Defence Staff from November 11-13, the defence ministry said in a statement. Highlighting that space was becoming increasingly «congested, contested, competitive and commercial», CDS Chauhan impressed upon the military leadership to secure national interests in space by fostering innovation and developing cutting-edge technologies and state-of-the-art systems in collaboration with the Indian Space Research Organisation (ISRO) and the Defence Research & Development Organisation (DRDO) and academia. The first-of-its-kind exercise is expected to help secure national strategic objectives in space and integrate India's space capability in military operations, the statement said.
11.11 / 16:57
markets
Target
Platform
Strategy
Software
PAM
cover
Unicommerce to acquire shipping automation firm Shipway
Ecommerce software firm Unicommerce Esolutions said on Monday that it will acquire Gurugram-based shipping automation company Shipway. The deal will be completed in tranches, Unicommerce said. In the first leg, it will purchase a 42.76% stake for Rs 68.4 crore. The balance will be acquired within a year through a merger or stock swap, taking 100% ownership in Shipway. The acquisition is aimed at expanding Unicommerce’s product suite to include solutions for courier aggregation, shipping automation and returns reduction, covering its offerings from pre-purchase to post-purchase segments of ecommerce.
11.11 / 16:49
markets
Citi
Experts
PAM
social
singer
reports
Rare backlash for Taylor Swift: Here's why fans vented their ire on the singer on social media
Taylor Swift was recently spotted out and about in New York City with Zoë Kravitz. On November 8th, comedian Jerrod Carmichael joined the couple for dinner at the Chez Margaux restaurant in New York City, as quoted in a report by The Blast. On Friday, the singer of «Lavender Haze» was nominated for five 2025 Grammys for her most recent album, «The Tortured Poets Department,» and its lead single, «Fortnight,» which featured Post Malone, who also received some Grammy nominations. Swift reportedly donned a blue, yellow, and red Sunday striped corset dress by Vivienne Westwood, according to People magazine. She accessorized the ensemble with burgundy velvet Aquazurra Twist 95 sandals.
11.11 / 16:07
markets
FIVE
Experts
PAM
country
innovations
India’s patent filings double in five years, country now ranks 6th globally
India’s IP (intellectual property) office is the second highest globally in trademarks, with 3.2 million registrations in 2023 and the country’s Patent-to-GDP ratio surged to 381 from 144 over the past decade. “A global leader in innovation. India has exhibited a remarkable growth in the patents, designs & trademarks filings according to @WIPO Indicators 2024 report,” commerce and industry minister Piyush Goyal said in a post on X.
11.11 / 16:07
markets
Aviat
Airlines
Boeing
Experts
PAM
International
IndiGo working with civil aviation ministry to extend wet lease of Boeing 777 planes
IndiGo is working with the civil aviation ministry to explore the possibility of extending the wet lease of wide-body Boeing 777 planes from Turkish Airlines as the existing lease period is ending this week. Currently, IndiGo is operating two wet-leased Boeing 777 planes for flights from Delhi and Mumbai to Istanbul. These are also the only two wide-body aircraft that are in the fleet of the airline, which is India's largest carrier with a domestic market share of over 62 per cent. These aircraft were wet-leased to cater to the rising demand for international travel from India. IndiGo started operating its first wide-body Boeing 777 aircraft on the Delhi- Istanbul route from February 1, 2023, and began operating the Boeing 777 plane on the Mumbai-Istanbul route from May 17, 2023.
11.11 / 16:07
markets
Williams
Monarch
Experts
Monarchy
PAM
reports
Isolated monarch? Sick, cancer-struck King Charles revealed as powerless, unable to control Prince William and Prince Andrew
Prince Andrew, and son, Prince William, King Charles appeared to be a lonely king on Sunday as he attended a crucial veterans' memorial event in London without his wife, Queen Camilla, who is battling a chest infection, as quoted in a report by the Daily Beast. In a shocking blow to the authority of the cancer-stricken king, William laid out plans for a radical shift in tone during his reign, subtly criticizing Charles in a move that would have been unimaginable prior to the king's cancer diagnosis. The contrast between William's and his father's fortunes was made all the clearer by the triumphant presence of Kate Middleton. Charles was already smarting from his brother, Andrew, comprehensively winning the so-called Siege of Royal Lodge this weekend.
11.11 / 16:07
markets
FIVE
film
Experts
PAM
cover
Schools
The Chosen Season 5: See release window, production, cast and storyline
Dallas Jenkins, creator of The Chosen, has confirmed that Season 5 will premiere in April 2025. This season will cover the significant moments of Holy Week, leading to the crucifixion of Jesus.
11.11 / 16:07
markets
Provident
Experts
PAM
social
information
Schools
FCRA licence of NGOs to be cancelled if involved in religious conversion, anti-development acts: MHA
FCRA registration will also be cancelled if any NGO is not utilising foreign funding as per the aims and objectives of the NGO or if it has not uploaded the annual returns, the ministry said. According to the law, all NGOs receiving foreign contributions have to be registered under the Foreign Contribution (Regulation) Act or else are not allowed to accept foreign funding.
11.11 / 15:17
markets
Booking
Actor
Oscar
PAM
social
Updates
Percy Jackson Season 2: Latest update about cast and plot
Andra Day has joined the cast of Percy Jackson and the Olympians, Disney+'s adaptation of Rick Riordan's popular book series. The acclaimed actor will play the role of Athena, the Greek Goddess of Wisdom and mother of Annabeth Chase.
11.11 / 10:51
markets
Provident
Digital
Strategy
Research
Experts
PAM
AI startup Sparkcognition rebrands as Avathon, to triple India headcount in two years
The company, which provides safety monitoring for infrastructure assets across sectors such as aerospace, defence, oil and gas, is also rebranding itself as Avathon. “India is at the heart of Avathon’s roadmap, with AI projected to contribute over 50% of the Asia-Pacific region’s growth in traditional industries by 2028. India will play a pivotal role in our expansion, serving as a hub for product engineering, delivery, support and R&D," Johar said.
11.11 / 10:51
markets
UPS
Strategy
Actor
PAM
shock
Sabyasachi shines in Hollywood: Jennifer Lopez opts for Indian designer's jewellery again
Jennifer Lopez is one of them. On Saturday, Jennifer Lopez attended the premiere of Wicked at the Dorothy Chandler Pavilion in Los Angeles looking stunning in an intricately beaded cutout gown by designer Zuhair Murad. She paired it with shimmering earth-tone look with glittering nude heels, a sparkling clutch purse, and chunky beaded bracelets by Sabyasachi. ALSO READ: Sean Diddy's fling with Jennifer Lopez is haunting the actor amid divorce with Ben Affleck? Shocking details emerge
11.11 / 10:51
markets
Progressive
Strategy
Election
PAM
inclusion
Maharashtra elections: Wrong to demand votes along religious lines, says Piyush Goyal
Piyush Goyal said on Monday. He appealed to people to choose the BJP-led Mahayuti, which he said is committed to development and progress in the November 20 Maharashtra assembly elections. Stressing that the Mahayuti has been promoting inclusive policies and avoiding divisive tactics, the Mumbai North MP appealed to voters to move beyond religious lines and choose development and progress. He slammed Congress for allegedly not keeping the pre-poll promises in the party-ruled states and Shiv Sena (UBT) leader Uddhav Thackeray for joining hands with the parties that «spread fear and misinformation».
11.11 / 10:19
markets
Digital
Strategy
awards
Trade
PAM
reports
RBI issues framework for reclassification of FPI to FDI
foreign direct investment (FDI) if the entity breaches the prescribed limit. Currently, an investment made by foreign portfolio investor along with its investor group (FPI) should be less than 10 per cent of the total paid-up equity capital on a fully diluted basis. Any FPI investing in breach of the prescribed limit has the option of divesting their holdings or reclassifying such holdings as FDI subject to the conditions specified by the RBI and Sebi within five trading days from the date of settlement of the trades causing the breach. The RBI has issued an operational framework for reclassification of foreign portfolio investment by FPI to FDI.
11.11 / 10:19
markets
Sustainability
Election
President
PAM
social
Muhammad Yunus called Donald Trump 'messiah' in his congratulatory letter. Is it real or fake?
Muhammad Yunus, chief adviser of Bangladesh interim government congratulating US President-elect Donald Trump and calling him 'messiah' is going viral on social media. The viral letter has been posted on social media with a caption which reads, «Hitler md Yunus Wrote Trump is the messiah. #Bangladesh. Then What About black days of America? Solar eclipses in USA, Inhuman trump that you Speech Against president Trump? (sic).» The letter is going extremely viral on Facebook and X.
11.11 / 09:49
markets
Citi
Digital
Experts
PAM
reports
Slum area in Mumbai declines by 8.6% over 17 years: Study
The study, which focused on Greater Mumbai and Thane, found that the area covered by slums dropped from 47.7 square kilometres in 2005 to 43.6 square kilometres in 2022. However, this overall decline masks a more complex pattern: some slums expanded, others shrank, and some disappeared entirely over the past two decades. Specifically, slums in certain areas reduced by 10.2 square kilometers, while others grew by 6.1 square kilometres, according to the TOI report. In addition to changes in size, slums became denser after 2010. John Friesen, the lead author of the study, explained, “While slums grew in area in the first decade, they densified in the second.”
11.11 / 09:49
markets
Reuters
Strategy
War
PAM
information
reports
Kremlin says reports that Trump and Putin have spoken are 'pure fiction'
The Washington Post first reported that the call had taken place, citing unidentified sources, and said that Trump had told Putin that he should not escalate the Ukraine war. Reuters also reported on the call, citing an unidentified source.
11.11 / 09:49
markets
Digital
Strategy
Experts
PAM
social
Mutual fund monthly SIP inflow crosses Rs 25,000 crore mark for first time
SIP crossed the Rs 25,000 crore mark for the first time in October and stood at Rs 25,323 crore against Rs 24,509 crore in September. The monthly SIP contribution was recorded at Rs 16,928 crore in the same period a year ago. Among the equity categories, all 11 categories received inflows. Sectoral and thematic funds received the highest inflows of around Rs 12,278 crore in October. Flexi cap funds received Rs 5,180 crore inflows against inflows of Rs 3,214 crore in September.
11.11 / 09:49
markets
Career
Strategy
wellness
President
Justice
PAM
Even India's top Judge CJI Sanjiv Khanna had to face typical Indian parent mindset while choosing a career
Chief Justice of India Sanjiv Khanna had to face typical Indian parent mindset when it comes to choosing a career. CJI's parents had initially expected their son to become a chartered accountant because a legal career had taller challenges. But the future Chief Justice was inspired by his uncle who had the courage to take on the State, reported NDTV citing its source. Justice Sanjiv Khanna commenced judicial proceedings on Monday, his first day as Chief Justice of India, and thanked lawyers for wishing him well. Justice Khanna was sworn in as the 51st CJI earlier in the day by President Droupadi Murmu at a brief ceremony at the Rashtrapati Bhavan.
11.11 / 09:49
markets
Digital
Platform
Sustainability
Experts
PAM
Epic Capital leads $16.5 million funding round in edtech startup Bhanzu
Edtech startup Bhanzu raised $16.5 million (about Rs 139 crore) in a funding round led by venture capital firm Epiq Capital at a valuation of about $120-122 million. The round also saw participation from Mumbai-based venture fund Z3Partners and existing investors Lightspeed Ventures and Eight Roads. The funds will be used for expanding its presence in the US and for investing in generative artificial intelligence (Gen AI).
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