PAM Financial News

Meta India posted a 24% growth in gross advertising revenue, reaching ₹22,730 crore for the fiscal year ending on 31 March, compared to ₹18,308 crore in the previous fiscal year, as per the company's filings with the RoC. The Indian unit of global social media giant Meta Platforms, which still operates under the legal name Facebook India Online Services, recorded a modest 13% growth in gross advertising revenue for the fiscal year ending on March 31, 2023. The FY23 gross advertising revenue of ₹18,308 crore includes ₹6,120 crore from gross advertising reseller revenue, as the reseller model was in effect for a few months of that financial year.

premium products from daily groceries and household items to smartphones and beer has bucked the slowdown trend, especially in cities where consumers have cut back on lower-priced products amid inflation. Most consumer companies during the September quarter earnings indicated that urban growth tapered off even as demand in villages recovered gradually. «We actually looked under the bonnet. And even when you peel the surface, you find that the premium segments, popular segments, mass segments, the rank order of hierarchy of growth is the same as observed in other quarters. Premium continues to grow 30-odd percent or thereabouts faster than the other segments. And we see the trend of upgradation remaining consistent and secular even in rural,» Rohit Jawa, managing director at Hindustan Unilever said. Urban markets grew 4.3% while rural areas saw volume growth at 3.9% within the FMCG segment, as per latest data by Kantar. This was compared to a growth of 8.1% in cities and 6.3% in villages a year ago, indicating broad-based slowdown across markets.

Hezbollah's new leader Naim Qassem on Wednesday said the group would agree to a ceasefire with Israel under acceptable terms, but added that a viable deal has yet to be presented. Qassem, who was named Hezbollah secretary-general on Tuesday, did not explicitly link a Lebanon ceasefire to an end to fighting in Gaza, a position previously held by the Iran-backed group. «If the Israelis decide that they want to stop the aggression, we say we accept, but under the conditions that we see as appropriate and suitable,» Qassem said in a pre-recorded speech, his first since he was named the group's new leader.

Mayonnaise ban in Telangana: The government of Telangana has taken a significant step to protect public health by banning mayonnaise prepared from raw eggs in the state. This decision follows several alarming instances of food poisoning linked to the consumption of this popular condiment, as per news agency PTI.

Prince William very recently shared the insights into his life and his family life at the famous Adelaide Cottage, where he and Kate Middleton reside alongside their three children and a pet dog named Orla. According to Marie Claire, while having an outing in Cornwall, Prince William asserted that he alongside his wife very often shares their bed with Orla who is a cocker spaniel and that eventually adds a relatable touch to their royal lifestyle. Marie Claire reported that Prince William expressed his utmost affection for dogs and also mentioned that the name Orla means ‘Golden Princess’ in Gaelic. The Royal family has a long history of owning pets while they previously had a dog named Lupo who unfortunately passed away in the year 2020. Also Read: Ironheart: Release date revealed, cast, streaming platform and more

While his team had expected him to rest post-tour for a health assessment, King Charles has moved ahead with plans for upcoming royal engagements. During a traditional Ava ceremony in Samoa, he referenced his health, telling attendees he hoped to “survive long enough” to return, reflecting on his connection to the region. Also Read: Ironheart: Release date revealed, cast, streaming platform and more

American Primeval, which depicts the 1857 formation of the American West, will premiere on January 9.

buffer onion arrived via rail at Delhi's Kishanganj railway station, as part of its multi-pronged strategy to control prices. This marks the second major rail delivery after 1,600 tonne reached Delhi on October 20 through 'Kanda Express', an official statement said. The shipment, procured by NAFED under the price stabilization fund, will primarily be released through Azadpur Mandi, with a portion earmarked for retail sale at Rs 35 per kg. Retail prices of onion are ruling at Rs 60-80 per kg in the national capital depending upon the quality and locality.

bankruptcy court has rejected Brihanmumbai Electric Supply and Transport (BEST) Undertaking’s application to direct the liquidator of Spark Green Energy (Satara) Ltd to categorise it as a secured financial creditor and also admit its claim of Rs 156 crore. The city-based public utility undertaking had approached the Mumbai bench of the National Company Law Tribunal (NCLT) after the liquidator of Spark Green Energy (Satara) rejected the company’s claim to admit the amount. “The respondent (liquidator) was fully justified in categorizing the appellant as an unsecured financial creditor, given that the charge was not registered with the registrar of companies,” said the division bench of Kuldip Kumar Kareer and a technical member Anil Raj Chellan in its order of October 25. “Therefore, no fault can be found with the impugned order passed by the respondent. Consequently, we reject the appellant's prayer to be considered and classified as a secured financial creditor of the corporate debtor.”

BLive EZY on Wednesday said it has deployed 1,000 units of premium EVs to cater to the festive demand in the quick commerce segment. As the festive season drives a surge in online shopping, India's quick commerce market is set for exponential growth, Blive EZY said. Moreover, during peak times, consumers expect their orders in as little as 10-15 minutes, making ultra-fast delivery essential, it added. «With festive demand for quick commerce deliveries at an all-time high, BLive EZY has deployed 1,000 premium electric vehicles (EVs) tailored to meet the dynamic requirements of this growing industry,» it said.

Suzuki Motor Corporation (Suzuki) and Toyota Motor Corporation (Toyota) Wednesday said the duo have decided to further strengthen their collaboration, in line with which the former will manufacture and supply its first battery-electric SUV to Toyota. This new model is scheduled to be manufactured at Suzuki Motor Gujarat (India) from the spring of 2025, the companies said in a statement. Toshihiro Suzuki, President of Suzuki Motor (Japan), said, “Suzuki will supply our first BEV to Toyota globally. I am grateful that the collaboration between the two companies has further deepened in this way. While continuing to be competitors, we will deepen our collaborations toward solving social issues, including the realisation of a carbon-neutral society through a multi-pathway approach.”

Sebi) has released a consultation paper specifying the timelines for deployment of funds collected by asset management companies (AMCs) in new fund offer (NFO) as per asset allocation of the scheme within 30 business days. According to Sebi, the AMCs should specify achievable timelines in the SID regarding the deployment of the funds as per the specified asset allocation of the scheme and should garner funds during the NFO accordingly. The AMCs may be mandated to deploy the funds garnered in NFO within the said period from the date of allotment of units. In case if an AMC is not able to deploy the funds in 30 business days, it has to give the reasons in writing, including details of efforts taken to deploy the funds, and this should be placed before the Investment Committee.

However, renovating a house can be expensive. In such a scenario, you can opt for apersonal loan online to get the financial support needed to manage your home improvement expenses and make it festive-ready. Here’s how you could apply for a personal loan to fund your renovation project and give your home a festive makeover. Benefits of choosing a personal loan this festive season

young volunteers in 315 districts across the country as the first responders to disaster preparedness and response. The 'Yuva Apada Mitra Scheme' was launched at the 20th formation day function of the National Disaster Management Authority (NDMA) here on Monday, an official release said. According to the plan, under the 'Yuva Apada Mitra Scheme', 2,37,326 young volunteers from the youth organisations such as National Cadet Corps (NCC), Nehru Yuva Kendra Sangathan (NYKS), Bharat Scouts & Guides (BS&G) and National Service Scheme (NSS) will be trained in 315 districts of 28 states as a first respondents to disaster preparedness and response. Besides, 1,300 trainers will also be prepared under the up-scaling of 'Aapda Mitra Scheme' with an estimated total cost of Rs 469.53 crore.

Gautam Adani is exploring investment opportunities in Bhutan's Gelephu Mindfulness City, a new urban project aimed at transforming the southern region of the Himalayan kingdom into a thriving economic hub. Gelephu Governor Lotay Tshering told Bloomberg, Bhutan is engaging with the Adani Group, led by Asia's second-richest individual, to develop solar and hydroelectric plants within this ambitious 1,000-square-kilometer township near the Indian border. Bhutan’s investment initiative underscores its long-standing alliance with India, which views Bhutan’s growth as strategic for countering China’s influence in the region. This partnership offers Adani Group a chance to bolster its green energy portfolio, aligning with its existing international projects across Israel, Kenya, Sri Lanka, Bangladesh, and Vietnam. Governor Tshering, who served as Bhutan’s Prime Minister until 2023, revealed that hundreds of sites have been identified for renewable energy projects in the Gelephu area. With an estimated capacity addition of 20 gigawatts, the project aims to establish a sustainable energy network. This includes planned contracts for constructing roads, bridges, and facilities that could attract investors from across Asia.

Datawrkz, a subsidiary of listed gaming and media firm Nazara Technologies, on Wednesday said it has fully acquired UK-based growth marketing agency Space & Time. The deal was valued at around Rs 52.3 crore, it said in an exchange filing. The company said acquiring Space & Time will help in expanding across Europe and North America and boosting its growth in the global digital advertising market. It will also boost Datawrkz’s revenue and earnings before interest, taxes, depreciation and amortisation (Ebitda) through cross-selling of products and services, it said.

The sources — a person briefed on the talks and a senior diplomat working on Lebanon — said the two-month period would be used to finalise full implementation of United Nations Security Council Resolution 1701, adopted in 2006 to keep southern Lebanon free of arms that do not belong to the Lebanese state. The U.S. Embassy in Lebanon did not immediately respond to a request for comment.

The company's stock rose 5.5% in premarket trading on Wednesday, a day after Alphabet posted a 35% surge in Google Cloud revenue, the fastest pace of growth in eight quarters. Analysts expected a 29% rise, according to LSEG. The company's mainstay ad sales business rose 10%.

jobs filled globally in 2024 bear titles unheard of in the year 2000. Roles such as Sustainability Manager, AI Engineer, Social Media Manager, Data Scientist, and Customer Success Manager have now become integral across industries. The shift is driven by the rise of new technologies like Artificial Intelligence (AI) and a greater emphasis on sustainability. Among 5,000 surveyed global business leaders, 82 per cent in India observe a rapid acceleration in workplace transformation, with a rising demand for roles, skills, and innovative technologies reshaping job requirements. With Generative AI at the forefront, 70 per cent of global business leaders rank AI adoption among their top priorities for 2025. LinkedIn India’s Talent Solutions Head, Ruchee Anand, underscored this shift, stating, «As we look to 2025, businesses are increasingly prioritising AI adoption, alongside meaningful investments in upskilling and reskilling their people. Embracing AI is not just about keeping pace; it's about empowering teams, fostering innovation, and creating resilient workforces ready to thrive.»

2025 IPL season fast approaching, the BCCI has laid out the updated rules and retention policies for the upcoming mega auction, introducing a few key changes to boost the auction's competitiveness. Additionally, this Diwali, October 31 promises more than just fireworks in the sky; the IPL 2025 retention announcements will light up the cricket world as franchises are due to submit their retention lists by 5 PM. Captains and star players, particularly those who have shown consistent form, are likely to be prioritized. Young and emerging players, often seen as future assets, are also high on the retention list for many teams. Additionally, some teams are exploring options for uncapped players, who can be retained at lower costs, providing valuable flexibility for franchise budgets.