PAM Financial News

Bharti Airtel will decouple its Direct-to-home (DTH) business from the converged entertainment category, creating two new verticals — Connected Homes (which includes Broadband and Converged Entertainment) and DTH. Siddharth Sharma, currently CEO of DTH, will be appointed Director Marketing and CEO of Connected Homes.

Narendra Modi on Monday said a strong people-to-people connect has always strengthened ties between India and Spain. «While yoga is highly popular in Spain, Spanish football is liked in India,» Modi said after he and Spanish President Pedro Sanchez inaugurated the Tata Aircraft Complex for manufacturing C295 aircraft in Vadodara. On Sunday's football match between clubs Real Madrid and Barcelona, Modi said Barcelona's great victory was a topic of discussion in India too and the fervour of the fans of both the clubs was the same in India and Spain. Dwelling on India and Spain's multifaceted partnership, Modi said, «Whether it is food, films, or football, our strong people-to-people connect has always strengthened our ties.» Modi expressed happiness that India and Spain have decided to celebrate 2026 as the India-Spain Year of Culture, Tourism, and AI.

FSIB, the headhunter for directors of state-owned banks and financial institutions, on Monday recommended Ashok Chandra for the position of Managing Director (MD) and CEO of Punjab National Bank (PNB). He is currently the Executive Director of Canara Bank. He will replace Atul Kumar Goel who retires in December. The Financial Services Institutions Bureau (FSIB) interviewed 16 candidates for the position of MD & CEO of PNB, FSIB said in a statement.

O'Leary drew parallels to the 2016 Democratic primary, arguing that the party favored Hillary Clinton over Bernie Sanders, limiting competition. He contended that the Democratic National Committee's bias in that election mirrored the current situation with Harris. Despite pushback from the panelists, including CNN's Abby Phillips, who argued that Harris did compete in the primary process, O'Leary maintained his stance, claiming many Democrats felt sidelined in favor of a predetermined nominee. Also Read: US election 2024 results: Can Kamala Harris become the first female president in US history?

Merlin Group, Kolkata's largest real estate developer, is currently executing projects worth Rs 20,000 crore, which are expected to double its annual revenue over the next 7-8 years, a senior official said on Monday. The announcement coincided with the unveiling of the company's new brand identity. «We have been growing steadily year on year for the past 40 years. The group is currently developing 40 million square feet that is projected to yield a total sales of Rs 20,000 crore in the coming 7-8 years,» Merlin Group managing director Saket Mohta said. The current annual revenue of Merlin Group is about Rs 1500 crore, he stated.

hand grenade was found at the gates of Ghanapriya Women's College, the place is in close vicinity of Raj Bhawan in Imphal. The place is less than 100 metres from the Raj Bhavan and roughly 300 metres from Chief Minister N. Biren Singh's official residence. A police official said that the recovery of the live hand grenade in front of the prominent women’s college in an important location triggered panic among the people in Imphal West district.

Iron Beam". «The Ministry of Defence has signed a major deal worth approximately 2 billion shekels to significantly expand procurement of the laser interception systems, 'Iron Beam,',» a statement said. The system is aimed at improving the interception of drones and other projectiles, which Hezbollah in Lebanon has fired at Israel since the start of the war in Gaza in support of its Palestinian ally Hamas.

Nomura on Monday said the Indian economy has entered a phase of "cyclical growth slowdown" and the Reserve Bank's estimate of 7.2 per cent GDP expansion is «overly optimistic». The brokerage said it sees «rising downside risks» to its GDP growth estimates of 6.7 per cent in the ongoing FY25 and 6.8 per cent in FY26. «We believe India's economy has entered a cyclical growth slowdown. Coincident and leading growth indicators point to a further moderation in GDP growth and the RBI's forecast of 7.2 per cent for FY25 is overly optimistic,» the brokerage said in a note. The RBI maintained its FY25 growth estimate at 7.2 per cent earlier this month, even as some watchers have been coming out with lower numbers.

The Republican ex-president, who is in a dead heat with Democrat Kamala Harris in the race for the White House, has never acknowledged the legitimacy of his election defeats — from the 2016 Iowa primary to his presidential contest in 2020. His denialism deeply polarized the country last time around, and his continued attempts to sow distrust in US democracy have sparked fears of a repeat of the violence seen during the 2021 storming of the US Capitol.

Delhi government will deploy 10,000 civil defence volunteers, who were terminated from service last year while working as bus marshals, to aid in implementing measures related to mitigation of pollution, Chief Minister Atishi said on Monday. Atishi, in a press conference, said they will be deployed alongside teams from the Municipal Corporation of Delhi (MCD), the Delhi Pollution Control Committee (DPCC), the Transport Department among others. In a meeting, officials strategised the role of civil defence volunteers and bus marshals across the city to help tackle air pollution, Atishi said.

Sarbananda Sonowal visited the Pandu Port Complex to review the ongoing construction activities including the Northeast India’s First Ship Repair Facility as well as the Elevated Road corridor. The Union Minister also met with the senior officials of the Ministry as well as the Inland Waterways Authority of India (IWAI), the nodal agency for the development of waterways in the country, to assess the progress of various projects being developed along the river Brahmaputra (National Waterways 2) with an investment of Rs 645 crores. Speaking on the occasion, the Union Minister, Sarbananda Sonowal said, “Waterways have always been the lifeline for the people along the river. Under the dynamic leadership of Prime Minister Narendra Modi ji, this important aspect of our civilization became a focal point of renewed attempt at finding sustainable solutions for economic development and prosperity.

Manchester United on Monday sacked Erik ten Hag as the manager of the club’s first team. Ten Hag, who joined United in April 2022, leaves after leading the club to two significant domestic triumphs, including the Carabao Cup in 2023 and the FA Cup in 2024. This development comes in after the club suffered another damaging defeat under ten Hag as Jarrod Bowen's penalty in stoppage time gave West Ham a 2-1 win on Sunday. It is to be noted that United slip to 14th position in the Premier League table, with just three victories of their opening nine games.

Bengaluru, Mandya and Mysuru as part of investigations into money-laundering arising from the alleged scam in the allotment of housing plots in Mysore Urban Development Authority (MUDA). The agency targeted builders and officials after its preliminary inquiries led the sleuths to them. Sections of political leaders had alleged the scam was worth thousands of crores while calling for high-level investigations. The ED’s Monday raids covered a builder and two former commissioners at MUDA, among others.

Eastern Ladakh sector, defence sources said on Monday. According to the defence sources, the process is expected to be completed soon. Earlier, the Chinese Foreign Ministry said on Friday that the frontier troops of both India and China are engaged in «relevant work» in accordance with the agreement reached between the two nations on issues concerning the border.

If one is a resident of Chennai then staying updated on the gold price today in Chennai is necessary. Gold has always been a valuable asset, offering both emotional and financial security, which makes it an attractive investment option, especially during festive seasons. Moreover, life is full of surprises, and emergencies often come unannounced. In such situations, urgent funds may be needed to cover unexpected expenses. A gold loan is one of the best funding options to meet these sudden needs. By leveraging one’s gold assets, individuals can access quick funds without selling their jewellery.

New cryptos like Popcat, Neiro, and Crypto All-Stars might potentially threaten the dominance of Shiba Inu. One of the biggest meme-coin gainers of this altcoin season is Popcat. The Solana meme coin has recorded a 50% jump over the last few weeks, exploding to over $1 billion market cap. It now ranks eighth on the top memecoin list. First Neiro On Ethereum (NEIRO) is another meme coin in the spotlight now. NEIRO began its journey in August. In less than two months, the mem ecoin has amassed a $500 million market cap. <div data-placement=«Mid Article Thumb

Ambuja Cements said in a press release on Monday. «Strong infrastructure demand and ongoing needs from the housing and commercial sectors are anticipated to boost cement demand in H2 FY 2025,» Ambuja Cements' press release said, which was posted with the company's Q2FY25 earnings. The rollout of the Pradhan Mantri Awas Yojana (PMAY) Urban Housing 2.0, which includes an allocation of ₹11 lakh crore is expected to benefit the sector as well, the cement producer said.

Wayanad Lok Sabha seat and two Assembly segments in Kerala. The Catholic Church, whose followers have significant influence in the Wayanad Lok Sabha seat where Congress general secretary Priyanka Gandhi is trying her electoral luck, has backed the Bill brought by the BJP-led government at the Centre, opposing the provisions in the existing law. The Church alleged that numerous properties belonging to Christian families for generations in the villages of Cherai and Munambam in the Ernakulam district have been unlawfully claimed by the Waqf Board. On Monday, the Syro-Malabar Catholic Church-backed 'Deepika' daily published an editorial, criticising the Congress-led UDF and the CPI(M)-led LDF, accusing them of passing a unanimous resolution in the state Assembly «to protect the Waqf law without seeing the tears of the affected people.»

Hindustan Zinc Ltd plans to pare its debt by a third by the end of this financial year bolstered by additional cash flows after a likely relatively robust performance in the October to March period. The country’s largest producer of zinc, lead and silver expects to reduce its debt to about Rs 2,000 crore by March-end from about Rs 6,000 crore at the end of the September quarter, chief financial officer Sandeep Modi told analysts after the company’s quarterly earnings. “…we have already generated free cash flow of Rs7,000 crore in H1, and normally H2 remains better. So, I think it's only a timing difference,” he said.

DMK has said that actor-politician Vijay helmed Tamizhaga Vetri Kazhagam copied its ideology while main opposition AIADMK said TVK's principles are a cocktail of current political standpoints of various parties and Naam Tamizhar Katchi has ruled out chances of joining forces with the new entrant. While Vijay openly targeted the DMK and its first family in his debut public appearance for his party's inaugural event on Sunday, DMK said it has seen many rivals in its long innings and will continue to be strong. Asked on TVK's ideological points, its hint at opposition to the office of Governor, DMK leader TKS Elangovan said, «these are all our policies, he is copying...whatever he says is what we had already said and which we are following.» On the maiden conference of Vijay's party, he told PTI Videos: «This is the first conference and let us see, we have seen many parties.» Outlining his party's strong ideological moorings and work over a long period of time in its 75-year old journey, Elangovan said DMK leaders went to jail fighting for people's cause and though the party had lost several elections, it continued to be strong.