PAM Financial News

29.10 / 20:49
markets wellness Monarch Experts PAM reports Schools King Charles recovering well from cancer treatment? Buckingham Palace says he's ready for more overseas tour next year
King Charles just recently ended the visit to Australia and Samoa which was for 10 days while it was eventually adjusted due to his ongoing cancer diagnosis. According to Veranda, in spite such challenging times, the Monarch has engaged in multiple activities during the tour and was reported to thrive during the tour while the tour eventually lifted his spirits. Veranda reported that the Buckingham Palace announced plans for a pretty normal looking overseas tour scheduled in the upcoming year of 2025 which eventually indicated a positive outlook on his health. At the same time, Buckingham Palace have not disclosed any specific details about the health and treatment of King Charles while maintaining a consistent stance since his diagnosis of an unspecified type of cancer during the early parts of this year. Also Read :Did Tim Walz push a Chinese Communist Party official’s daughter to the brink of suicide during a love affair in the 1980s? Here's the truth
29.10 / 20:03
markets Digital Netflix Experts RAI PAM Relationships Kanye West permanently relocating to Tokyo? Kim Kardashian may file lawsuit against him for shared parenting schedule of kids
The couple shares four children, North (born June 2013), Saint (December 2015), Chicago (January 2018), and Psalm (May 2019). Despite their ongoing issues, Kardashian emphasized her desire for the children to maintain a strong relationship with their father. She stated, “I always want my kids to be around their dad as much as possible,” highlighting the importance of open communication between them for their children’s well-being.
29.10 / 20:03
markets Digital Racing Election Experts PAM reports US election 2024: Donald Trump's daughter is missing at campaign trail. Where is Ivanka Trump?
Ivanka Trump has been surfing. She's posed in front of the Eiffel Tower, and attended a Formula One party in Miami in a race-car red dress. She's hung out with her children in a hot tub, with Kim Kardashian in Malibu, and with her husband, Jared Kushner, at the Acropolis, according to a report on NYT News Service. The one place Trump hasn't been, however, is the campaign trail. And though she has been upfront about her absence, politically speaking, it remains somewhat mysterious. During former President Donald Trump's last two bids for office, Ivanka Trump appeared at rallies, in television ads and on national convention stages, often with the implicit role of appealing to female voters, as per a report on NYT News Service. Also Read: Netflix November 2024 Lineup: Here’s the complete list
29.10 / 20:03
markets Digital Death Experts PAM rights Investigations Manipur government orders magisterial inquiry into deaths of Bashanti Devi & daughter in Imphal West
Manipur government ordered a Magisterial inquiry into the death of Bashanti Devi and her minor daughter Adhikarimayum Lanchenbi Devi in Imphal West district. An official said that Imphal West’s District Magistrate Shamim Ahmad Shah in a notification on Tuesday requested the interested people to give oral evidence or produce any material and documents about the death before the inquiry officer on or before November 8. The 48-year-old Bashanti Devi, a widow and her minor daughter were found dead at their residence in Manipur’s Imphal West district on September 22.
29.10 / 20:03
markets FIVE Digital Manufacturing Experts PAM testing GE engines' Tejas supply to start in March, South Korean disruption delayed chain
While the deliveries of LCA Mk1a jets have been delayed due to late supplies of engines, officials have been in regular touch with US manufacturer GE and there is a degree of confidence that things will stabilise by March 2025, they said on condition of anonymity. Engine supplies have been disrupted due to the bankruptcy of a South Korean defence firm — a key supplier of parts and components, according to the people. After the company ceased operations, GE had to establish an alternative line of suppliers, leading to a delay of almost two years, they said.
29.10 / 20:03
markets UPS Volkswagen Nestle Experts PAM FMCG, auto companies step up ad spends to revive demand
Nestle, Colgate-Palmolive, Godrej Consumer Products, Maruti Suzuki, Volkswagen, Skoda and Tata Motors, have stepped up advertising and marketing spends in September quarter, and some of them said they will continue to increase spending through the December quarter to help revive demand. Toothpaste maker Colgate increased marketing and ad spending by 17.8% in the July-September period to ₹242 crore and expects the momentum to continue, while Godrej Consumer Products said in a post-earnings call that it will continue to incrementally increase ad spends as it did in the past quarter. Colgate in a management commentary said a step up in ad spends, which were nearly a percentage point higher from a year earlier, were on account of innovation in the quarter. Nestle India increased advertising and marketing investments in the September quarter. «We kept a relentless focus on investing behind our core brands, with advertising and marketing investments increasing this quarter,» Nestle India chairman Suresh Narayanan said in an earnings statement. Addressing reporters at Nestle's Samalakha factory last week, Narayanan said the company is «taking steps to address pockets of weakness and mitigate local competition with higher ad spends».
29.10 / 15:49
markets Digital Strategy Enterprise awards Experts PAM Reliance New Energy acquires additional stake in sodium-ion battery major Faradion
Reliance New Energy (RNEL), a wholly-owned subsidiary of Reliance Industries, has acquired the remaining stake in sodium-ion battery technology company Faradion from existing shareholders, making it a wholly-owned subsidiary, the company said in a regulatory filing on Tuesday. RNEL, in December 2021 announced the acquisition of Faradion at an Enterprise Value of £100 million. RIL had then stated that it intends to use Faradion’s technology at its proposed fully integrated energy storage giga-factory, part of the Dhirubhai Ambani Green Energy Giga Complex facility at Jamnagar.
29.10 / 15:49
markets Digital Research Healthcare PAM innovations medicines PM launches CoE in Ayurveda for Diabetes and Metabolic Disorders at IISc
Centre of Excellence in Ayurveda for Diabetes and Metabolic Disorders at the Indian Institute of Science (IISc). The launch coincides with the ninth National Ayurveda Day, celebrated on 29 October, which this year carried the theme “Ayurveda Innovations for Global Health.” This year's theme emphasised the importance of integrating Ayurveda with modern science to address critical health issues like diabetes, IISc said in a media statement. One of the key highlights of National Ayurveda Day 2024 is the launch of six new Centres of Excellence in Ayurveda across India. These centres, established under the "Ayurswasthya Yojna" programme, will be led by institutions like IISc, IIT Delhi, Jawaharlal Nehru University Delhi, CSIR-Central Drug Research Institute, Lucknow, and so on. Backed by a grant of Rs 52.47 crore, these centres will spearhead cutting-edge research, education, and healthcare innovation in the field of Ayurveda, by providing scientific underpinning for traditional knowledge, the statement added.
29.10 / 15:49
markets Provident Digital Strategy Healthcare Experts PAM Fortis Healthcare gets CCI nod to acquire additional stake in Agilus Diagnostics for Rs 1,780 cr
CCI on Tuesday approved Fortis Healthcare's proposal to acquire an additional 31.52 per cent stake in Agilus Diagnostics. Multi-speciality hospital chain Fortis Healthcare Ltd (FHL) is engaged in providing integrated healthcare delivery services like medicare, healthcare and diagnostics. The diagnostics services business of FHL is being undertaken primarily through Agilus. «Commission approves the acquisition of additional 31.52 per cent share capital of Agilus Diagnostics Ltd by Fortis Healthcare Ltd,» according to a post by CCI on X.
29.10 / 15:07
markets Google Justice PAM Department Interviews Relationships NCIS Season 22: Will Leon Vance's exit impact McGee? Here’s what we know
McGee's pursuit of the Deputy Director position, there are indications that his character may be on the brink of a significant transition. Despite his extensive experience within NCIS and having served as interim director, the coveted position ultimately went to Department of Justice Inspector General Gabriel LaRoche, played by Seamus Dever.
29.10 / 13:41
markets Digital Strategy Bill Experts PAM Schools We will withdraw notices, says Siddaramaiah on Waqf Board’s claims over farmland
Siddaramaiah on Tuesday sought to calm down farmers in Vijayapura, Yadgir and Dharwad districts, agitated after the revenue authorities issued them notices claiming that their farmlands were owned by the Waqf Board. «No farmer will be evicted from his land. If the government has issued any notice, they will be withdrawn,» the CM told media persons in Bengaluru responding to queries on farmers in these districts getting notices. Revenue Minister Krishna Byre Gowda, Waqf Minister BZ Zameer Ahmed Khan and Industries minister MB Patil have already clarified on the subject, the CM said.
29.10 / 13:41
markets Digital Racing Election Trade President PAM US Presidential election race enters last leg; Donald Trump, Kamala Harris trade bitter attacks
Kamala Harris and former President Donald Trump traded bitter attacks while racing to woo the voters in key battleground states that could decide the outcome of the razor-tight contest. On Monday, Trump, the Republican nominee, addressed a rally at the McCamish Pavilion on the campus of the Georgia Institute of Technology in Atlanta where he rejected attempts by Democrats to compare him with the Nazis. «The newest line from Kamala and her campaign is that anyone who isn't voting for her is a Nazi,» he said at the capital city of Georgia. Georgia is one of the seven key battleground states that could decisively swing the November 5 election in favour of either candidate.
29.10 / 13:41
markets UPS Food Trade PAM International Despite profit rise, inflation woes linger for Marico
Marico Ltd, which beat estimates in Q2, flagged concerns regarding food price hikes and retail inflation on Tuesday in its Q2 exchange filing. The homegrown FMCG further noted that these concerns will be monitored in the near term. However, the company expects encouraging demand trends owing to above-normal monsoon season, the Centre's budgetary allocations towards boosting the rural economy and upcoming festive season. «Amidst the backdrop of improving macro-indicators, we expect a gradual uptick in the growth of our core categories in the domestic business through the ongoing initiatives to enhance the profitability of our General Trade (GT) channel partners and transformative expansion in our direct reach footprint under Project SETU,» it said in its filing.
29.10 / 13:41
markets Digital Manufacturing Experts PAM performer reports 'No proposal under consideration': Defence Ministry on penalties reported to be issued on GE over fighter jet engines delay
Defence Ministry on Tuesday issued a clarification on possible penalties that could be imposed on General Electric Co. for severe delays in the delivery of jet engines that power the country’s light-combat aircraft. «It has been noted that some media organisations have carried a story that India plans to impose penalties on General Electric for delay in delivery of Tejas engines. The story is factually incorrect as there was no such proposal under consideration. The contract is between HAL and GE,» said a defence ministry official. Just last year, GE had signed a memorandum of understanding with Hindustan Aeronautics to produce an advanced version of the jet engines for India’s next generation light-combat aircraft.
29.10 / 12:15
markets COST Digital Strategy awards Experts PAM Centre can deduct outstanding payments from states getting benefits of PM e-bus
PM E-Bus scheme through a Direct Debit Mandate (DDM) with the Reserve Bank of India (RBI). According to the PM-eBus Sewa-Payment Security Mechanism (PSM) scheme, notified by the Ministry of Heavy Industries (MHI), states getting electric buses (e-buses) through this route will permit the centre to recover overdue amounts. Procurement and operation of e-buses by Public Transport Authorities (PTAs) is supported under the PM e-Bus PSM scheme. These buses are handed over to state government or union territory-controlled PTAs to operate them and recover costs through fares. Since the PTAs are in poor financial health, bus suppliers fear they will not be paid by the states. The PSM scheme addresses concerns of e-bus suppliers by ensuring timely payments to operators through a dedicated fund. In case of payment default by Public Transport Authorities (PTAs), Convergence Energy Services Limited (CESL), the implementing agency, shall make necessary payments from the scheme funds which will be later recouped by the centre.
29.10 / 12:15
markets UPS Digital Strategy Experts PAM Wrote many letters to Punjab CM on CBG plants, but nothing happens on ground: Union Min Puri
Hardeep Singh Puri on Tuesday asserted that Punjab should get fresh investments for setting up compressed biogas (CBG) and ethanol plants, and said he wrote to Chief Minister Bhagwant Mann several times, but nothing happened on the ground. Replying to a question on the law and order issue in AAP-ruled Punjab, Puri said if the law and order is not right, then even the existing industry will also leave the state. Speaking to the media on the sidelines of Rozgar Mela here, Puri said entrepreneurs in Punjab should be encouraged to set up CBG plants in the state. «I feel pain that CBG plants are increasing in the country, but here (Punjab) CBG plants are finding it hard to run. If a CBG plant is run, it will benefit farmers. If an ethanol plant is set up, it will benefit farmers as they are run on biomass.
29.10 / 12:15
markets Digital Platform Strategy Experts Celebrity PAM Quick commerce firms vie to cash in on Dhanteras
Blinkit on Tuesday saw a surge in sales of gold and silver coins along with other items associated with Dhanteras celebrations. Similar to last year, other platforms such as Swiggy Instamart and Zepto are also offering gold and silver coins, as well as puja essentials. Dhanteras, or Dhanatrayodashi, marks the first day of the Diwali festival across several parts of India. It is considered auspicious to buy items made of gold, silver or brass on this day, as such purchases are believed to bring prosperity and success. This year, Dhanteras is being celebrated on October 29. “Dhanteras special: get authentic gold & silver coins delivered in 10 minutes from Blinkit,” chief executive Albinder Dhindsa wrote in a post on microblogging platform X.
29.10 / 12:15
markets Digital Strategy President Experts PAM Courts Trump ally Steve Bannon is released after serving 4 months in prison for contempt of Congress
Trump ally Steve Bannon was released from prison early Tuesday, after serving a four-month sentence for defying a subpoena in the congressional investigation into the U.S. Capitol attack on Jan. 6, 2021. Bannon left the Federal Correctional Institution in Danbury, Connecticut, according to Kristie Breshears, a spokesperson for the federal Bureau of Prisons. He planned to hold a news conference later in the day in Manhattan, his representatives said. He's also expected to resume his podcast Tuesday. Bannon, 70, reported to the prison July 1 after the Supreme Court rejected his bid to delay the prison sentence while he appeals his conviction.
29.10 / 09:51
markets Death CAT Experts PAM reports World’s fattest cat Crumbs gets admitted to fat loss camp, succumbs to cancer later
Kroshik (meaning “Crumbs”), first gained widespread attention after he was rescued from the basement of a hospital in Russia. He had been fed scraps, biscuits, and soup, leading to his staggering weight of 38 pounds. At a veterinary weight-loss clinic in Perm, Russia, Crumbs made progress, shedding 7 pounds. However, he suddenly developed breathing difficulties and passed away over the weekend, as reported by NewsX. Vets at the clinic suspect his dense fat deposits masked cancerous growths on his spleen and other organs, making them difficult to detect in scans. Galiana More, who manages the Matroskin cat shelter where Crumbs was treated, believes the tumors triggered multi-organ failure. An official cause of death is pending the results of a full post-mortem exam, scheduled for Monday. Even with this exam, determining whether Crumbs' health issues stemmed primarily from his weight or the hidden tumors remains challenging, according to More. “In cases of such extensive organ failure, the body often cannot keep up, though Kroshik fought hard,” she explained.
29.10 / 09:51
markets Citizens Election Experts PAM hospital medicines PM Modi apologizes to elderly people aged 70 and above in Delhi and West Bengal. Here's why
Narendra Modi Tuesday hit out at Delhi and West Bengal governments for not implementing the Ayushman Bharat health insurance scheme out of «political interests» and said he was pained that the elderly from these two states cannot avail free treatment under the expanded programme. The prime minister on Tuesday extended his government's flagship health insurance scheme Ayushman Bharat to all senior citizens aged 70 years and above. «I apologise to all the elderly aged above 70 years of Delhi and West Bengal that I cannot serve them. I would get to know about your pains and sufferings but I won't be able to help you,» Modi said. «The reason is that the state governments are not implementing the scheme due to their political interests,» he said.
29.10 / 09:51
markets Digital ETF Healthcare PRU PAM 4 sectoral mutual funds offer negative returns in 2024. Have you invested in any?
mutual funds, all international, have offered negative returns in 2024 so far. During the mentioned period, around 208 sectoral and thematic funds existed. HSBC Brazil Fund lost the most of around 16.09% in 2024 so far. Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF lost around 3.90% in the period.

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