PAM Financial News

K Rammohan Naidu on Tuesday proposed developing a network of more than 50 helicopter emergency medical services units along national highways and expressways. At a conference in the national capital, the minister also mentioned about setting up a helicopter accelerator cell within the civil aviation ministry for addressing the regulatory and operational needs of the helicopter industry.

NIA court here on Tuesday issued a bailable warrant against BJP leader Pragya Singh Thakur, an accused in the 2008 Malegaon blast case, for failing to attend the proceedings.

JSW Steel has reported a marginal 1 per cent decline in its consolidated output to 22.81 lakh tonnes (LT) in October. It had produced 23.12 LT of crude steel in the same month last year, JSW Steel said in an exchange filing.

Royal Enfield will not make India a 'top priority' market for its first electric motorcycle, Flying Flea C6, but is looking at leveraging the country’s manufacturing strength to export electric vehicles, said Siddhartha Lal, managing director of Eicher Motors, which makes motorcycles under the Royal Enfield brand.

Addressing a meeting in Shirsuphal in Baramati, the NCP (SP) chief said the contest for the Baramati Lok Sabha seat earlier this year was difficult, as it was fought within the family, and now, after five months, people of the region will witness a similar situation. Baramati MP Supriya Sule emerged victorious against sister-in-law and Ajit Pawar's wife, Sunetra Pawar, in the general election.

Axiom Space is exploring using Indian launch vehicles to support its international space station mission, a senior executive said on Tuesday. Axiom Space is one of the few companies constructing a private space station, intended to eventually replace the International Space Station (ISS), which the U.S. National Aeronautics and Space Administration (NASA) expects to retire around 2030. Pearly Pandya, director of Axiom's international government business, said that while contracts had not been signed yet, the startup was in talks with India's space agency, ISRO, and India's private launch companies to explore the best fit for its missions and to diversify its supply chain.

Shreyas Srinivasan, Chief Product Officer at Paytm, has announced his exit from the company and its ticketing platform Insider.in, ending a career that spanned over a decade in the tech and live entertainment field. His exit follows the sale of Paytm's ticketing business to Zomato in August 2024 for Rs 2,048 crore. Srinivasan, took to his LinkedIn to announce the end of his time with Paytm and said that Monday was his last day here, while August was the final month with Insider.

Lancet that found one in three kids is seriously hooked on platforms like Instagram, Facebook, and X. They’re not just casually browsing either—many are obsessively counting likes and binge-watching reels. Even more concerning, about 11% of these young users are showing signs of addiction, including feeling jittery or anxious when they can’t get their screen time fixed. Doctors said these findings were a major red flag. According to the research, the rise in social media use over the last 15 years has gone hand-in-hand with a rise in mental health issues and self-harm among kids and young adults aged 10-24. As per TOI, health experts in Delhi urged parents to find a balance, as too much screen time without guidance could negatively impact young people’s mental and emotional well-being. In the TOI report, Dr. Prashant Goyal, a senior psychiatry consultant at Sri Balaji Action Medical Institute, suggested that parents set screen-time limits and monitor their child’s social media habits. He also believed schools could play a huge role in promoting mental health and teaching kids how to use digital media wisely.

BJP spokesperson Shehzad Poonawala said that while Congress and its allies speak for Gaza, they have gone «completely silent» for Hindus in Canada and Bangladesh. Speaking to ANI, Poonawalla said, «You find that the INDI Alliance, especially Priyanka Vadra, Rahul Gandhi and others who cry for Muslims in Gaza, whose alliance tweets and speaks up for Hezbollah and Hamas have gone completely silent when it comes to Hindus in Canada and Bangladesh.»

Donald Trump is re-elected as the US President in tomorrow's presidential polls, he will crackdown on Khalistseparatists and even Canadian Prime Minister Justin Trudeau will listen, US Industrialist and founder of the Republican Hindu Coalition, Shalabh Shalli Kumar has said. In an interview with ANI, Shalabh Kumar said India and US will be looking for a Free Trade Agreement (FTA). Asked if a probable Trump presidency may resolve the Khalistani issue and the strain in the Indo-Canada relations, Kumar said «Yes, that will happen».

US Presidential elections 2024, and the voter's curiosity around both the candidates have been great in recent times, as they have attempted to know the most they can about the Presidential candidates before taking their call. According to the latest Google search trends, however, US-based searchers have had more of an affinity towards Donald Trump than Kamala Harris.

However, it looks like Musk can now proceed as planned as a Pennsylvania court has ruled that the decision to shut the petition down has been duly rejected, and the next phases of the announcements of the receivers will follow. The initiation of the legal action against this million-dollar giveaway began with District Attorney Larry Krasner, a Democrat, who had called the process a scam and a ploy 'designed to influence a national election' and demanded that it be shut down. However, Common Pleas Court Judge Angelo Foglietta did not pay heed to his wording and ruled in Musk's favor. Meanwhile, Musk's lawyer Chris Gober explained that the final two recipients of the giveaway before the presidential election will be in Arizona on Monday and Michigan.

asset managers will now be able to invest in overseas mutual funds and unit trusts that have exposure to Indian securities. The move is aimed at facilitating ease of investment, increasing transparency and enabling diversification in overseas investments, Sebi said on Monday. The total exposure by such foreign funds should not be more than 25% of their assets, the regulator said in a circular.

While Warburg Pincus-backed Boat registered a decline in its FY24 revenue even as it reduced its loss by 48%, its smaller rival Boult saw its profit halve during the year as it increased spending to push growth. The wearables segment – which includes wireless audio devices and smartwatches – saw a 10% year-on-year decline in shipments during the April-June quarter of this year amid cautious inventory management and fewer new product launches, market tracker IDC said.

generative AI image and video models, said Alexandru Costin, vice president of GenAI at Adobe. Instead of fearing loss of work opportunities in the GenAI era, designers, photographers and illustrators are embracing the new technology. They are adding a new income stream for each digital asset they create for model training, he said. The company, which has built a proprietary family of text-to-image and text-to-video GenAI models known as Firefly, says it is running “content missions,” which identifies gaps in training data (images and videos) and rewards contributors who fulfil these missions. “We put missions on Adobe Stock and tell contributors that we have a gap,” Costin said. “For example, if we don’t have photos of Indian culture of a select province, we put out a stock mission inviting photos and videos with this particular cultural characteristic.”

Microsoft Security, pointing to the rapid escalation of cyberattacks. “Just in 2021, we had 579 attacks per second (identity or password related attacks) and that number now is 7,000 attacks per second,” she told ET. “That’s a 10x increase. We’re seeing that human operated ransomware is also on an exponential rise, with a 275% increase in ransomware from 2022 to 2024. And cybercrime as an anti-economy is costing the world $8 trillion every single year.” Jakkal said that “defenders” the world over are facing tremendous operational complexity as it is a fragmented ecosystem with numerous tools that they must stitch together and figure out the insights. What compounds the challenge is that there is a shortfall of four million cybersecurity experts globally, she said.

government prepares to notify the Digital Private Data Protection Act, 2023 (DPDP), law enforcement authorities are cracking down on almost every unauthorised use of personally identifiable information (PII) by technology companies. In one of the latest moves, the Union home ministry through the Indian Cybercrime Coordination Centre (I4C) has asked to shut down any unauthorised use of Pan (Permanent Account Number) of Indian citizens by fintechs and other consumer technology companies, according to three people in the know. “This was known as a ‘Pan enrichment’ service, which would help loan distribution companies create a profile of their customers against their Pan numbers, for cross sell of credit and other financial products,” said a top executive at a fintech firm on the condition of anonymity. “Sometimes this data was also used to cross check the details put in by the customer in his or her application form,” he added.

AI are being discussed by policymakers the world over. While some like the EU have been early movers in regulating the technology, others are opting to wait and watch. The US, for one, has taken a lighttouch approach to AI regulations so far. India does not have an AI law but it has rolled out the `10K-cr IndiaAI Mission earlier this year. The mission is indicative of India’s approach — to focus on building AI capabilities through computing infrastructure, skills, datasets and support for AI innovators.

US stock markets are also in a complete state of uncertainty with respect to the US elections that begin in a few hours. There is still no understanding as to which candidate has the lead in this poll race, with many claiming that Trump has recovered as a very strong prospect in the last few weeks leading up to the polls, while others are maintaining the fact that Kamala Harris is still rock-solid in the Presidential election race. The biggest problems surrounding Wall Street at this point will possibly not go and answered after the elections, as issues like the historically high valuation may be catered to at the earliest. With Dow Jones Industrial Average and S&P 500 being one of the biggest indicators for the presidential race, their indices have now risen to record highs in 2024, with no saying has to which way things will go if Kamala Harris loses.