PAM Financial News

Jharkhand assembly elections will be held in two phase on November 13 and 20, and the results will be out on November 23, the Election Commission of India announced on October 15. With the announcement of the poll dates, the model code of conduct immediately came into effect in the state. The term of the current assembly will end on January 5, 2025. The Jharkhand assembly has 81 seats (44 General, 9 SC, 28 ST). There are a total of 24 districts in the state. As per latest numbers, the state has 2.6 crore registered voters, of which 1.29 crore are women, 1.31 crore are men, 66.84 lakh young voters, and 11.84 lakh first-time voters.

Tata Group will create 500,000 jobs in the next five years on back of massive investments in facilities for manufacturing semi-conductors, batteries, electric vehicles, among others, Tata Sons Chairman N Chandrasekaran said. Chandrasekaran, who was speaking at the Indian Foundation of Quality Management (IFQM) Symposium in Delhi Tuesday said with a million people joining the workforce every month India has the potential to become the human resource capital of the world. However, there is a need to create processes for ensuring quality in product manufacturing, people and the ecosystem. Chandrasekaran said it is now India’s moment to make a mark on the world stage. The momentum in the economy, rising per capita levels, and growing demand for products and services will all propel the country forward. «We will be a significant player in the manufacturing requirements of the world,» Chandrasekaran held.

Maharashtra elections, which is expected to see dramatic fight between Maha Vikas Aghadi (MVA) and Maha Yuti Alliance. CATCH LIVE UPDATES ON POLL DATES HERE The voters from Maharashtra will be casting their ballots on November 20 in single phase. The counting of votes is scheduled for November 23.

SIAM data. Automobile companies are reducing the number of vehicles dispatched to dealerships as buyers are showing caution in their spending, despite significant discounts, said the report (by Pankaj Doval). According to the Society of Indian Automobile Manufacturers (Siam), passenger vehicle dispatches decreased by 2% in the second quarter of the current fiscal year. Companies typically build up inventory before the festive season during this time, but dispatches dropped to 10.5 lakh units, down from 10.7 lakh units in the same period last fiscal year. For the first half of the fiscal year (April-September), dispatches rose marginally by 0.5%, reaching 20.8 lakh units compared to 20.7 lakh units in the year-ago period.

paddy variety PR-126, developed by Punjab Agricultural University, is at the center of a debate in Punjab. The AAP-led state government supports this variety, but the opposition Congress criticizes it for its lower yield. According to a TOI report, PR-126 has the advantage of reducing farming costs and helping combat air pollution in Delhi-NCR. This variety matures in 123-125 days, compared to the popular Pusa-44 variety's 155-160 days. This shorter growth period saves on irrigation and energy costs, and preserves groundwater. Additionally, it provides farmers with enough time to prepare for the next crop without resorting to stubble burning. However, PR-126 yields 4-5 quintals less per acre than Pusa-44, which produces 35-36 quintals per acre. It also yields 5 kg less rice during milling. This has led Punjab Opposition leader Partap Singh Bajwa to criticize Chief Minister Bhagwant Mann for promoting PR-126.

Gokwik. This shift reflects growing shopper confidence and trust in D2C brands making them inert to marketplace sales. Major marketplaces of the Indian eCommerce ecosystem ran their biggest festive sales starting from 25 September all the way till Dussehra. Earlier, D2C brands used to witness a dip in orders during this time, but the wheel has shifted since last year. D2C brands are now also running robust sales parallel to marketplace sales, and continuing to see a surge in order volume.

Congress party has accused the Aam Aadmi Party (AAP)-led Punjab government of conspiring with the Bharatiya Janata Party (BJP) at the Centre to create a crisis around the storage of paddy crops, which could severely impact the state's economy. Tensions between Congress and AAP, already strained after the Haryana election results, have escalated following the new allegations. Leader of Opposition in the Punjab assembly, Partap Singh Bajwa, claimed that the Punjab Chief Minister, Bhagwant Mann, misled farmers into sowing hybrid varieties of paddy, which has contributed to the ongoing issues. «I hold Arvind Kejriwal, Mann, and the central government responsible for this crisis, which will also create a law and order situation,» Bajwa said at a press conference in New Delhi. Bajwa highlighted that 185 lakh metric tonnes of paddy are expected to arrive in mandis (grain markets), but godowns in the state are already full due to uncleared stocks. He urged immediate intervention from the Centre, warning of a potential economic fallout.

Supreme Court on Tuesday refused to stay the ongoing panchayat elections in Punjab on grounds of alleged irregularities in the nomination process, saying there will be «chaos» if courts start staying elections on polling day. The polling for panchayats began at 8 AM on Tuesday in Punjab and the petitions, seeking a stay of the ongoing electoral process, were mentioned before a bench headed by Chief Justice DY Chandrachud. «If polling has started today, how can we intervene at this stage? Probably the high court realised the gravity of it and vacated the stay on the elections,» the bench, which also comprised justices JB Pardiwala and Manoj Misra, said.

Indian government must revive its data centre policy to ensure that data of Indian citizens is stored locally, Akash Ambani, Chairman, Reliance Jio Infocomm said. The scale and speed of multilingual data generation in India which will fuel the AI revolution will grow exponentially. We request the government to expedite the updating of the 2020 draft of the Data Centre Policy so that Indian data remains within the geography, he said. “Therefore, any company ready to set up AI and machine learning data centres should get all necessary incentives, including incentives for power consumption,” Ambani said. He was speaking in the presence of Prime Minister Narendra Modi at the inaugural session of the India Mobile Congress 2024 at Pragati Maidan, Delhi on Tuesday.

Bharti Airtel Chairman Sunil Mittal said today. “Opening up of the space sector to private industry is a big step….but intertemporal choices will have to be made as to how satellite services which are moving fast and technologies need to coexist with terrestrial networks,” Mittal said while speaking during the inaugural of World Telecommunication Standardization Assembly (WTSA-24) and India Mobile Congress. There are around 5% of people who are in those remote areas, in mountains, in forests where USO is trying to provide the services. With the Satcom services, they will be able to connect on a fast speed network to the internet, he said.

satellite spectrum, telecom tycoon Bharti Airtel's Sunit Mittal on Tuesday while addressing India Mobile Conferrence asserted that satcoms need to buy spectrum the same way telecom operators do along with paying license fees. «Telecom companies around the globe have done seminal work in connecting the world. They will take the satellite services into the remotest parts of the nations through the USO program and directly through themselves. The satellite companies who have ambitions to come into urban areas serving elite retail customers just need to take the telecom licenses like everybody with the same conditions and will have to buy the spectrum and pay license fees as the telecom players,» Mittal said. The issue around satellite spectrum allocation has once again become the point of disagreement between Reliance Jio and other satcom players.

smartphone shipments grew 5% in the third quarter of 2024, driven by persistent demand in emerging economies and the start of a replacement cycle in North America, China and Europe, underpinning a recovery in the market after a prolonged slump. The July-September quarter marked the fourth consecutive quarter of growth in the smartphone market, research firm Canalys said in a report on Monday. Apple reached record high third-quarter shipments, backed by strong demand for its older models, the report added. WHY IT'S IMPORTANT

CSIR UGC NET Result 2024 along with the cut-off marks. Candidates who appeared for the Council for Scientific and Industrial Research – University Grants Commission National Eligibility Test (CSIR UGC NET) can access their results on the official website, csirhrdg.res.in.

ANSR, a consultancy that helps multinational companies set up global capability centres (GCCs) in India, has acquired a majority stake in Bengaluru-based Summit Consulting Services for Rs 45-65 crore ($5-8 million) in a cash and stock deal. The acquisition will help ANSR expand its solutions to mid-sized GCCs as they scale operations, ANSR cofounder Vikram Ahuja said. Summit Consulting will continue to maintain independent operations and serve its customers with its 45-50 employees in the company, according to people associated with the firm. Sandeep Sharma, founder and chief executive of Summit Consulting, will join the leadership team of ANSR.

Chiyaan Vikram fans have been waiting patiently for ‘Thangalaan’s OTT debut. The movie’s producer finally shared some good news: The period action drama will be releasing on Netflix this Diwali! In an interview with Pinkvilla, movie producer Gnanavel Raja addressed all the speculations that have been going on about the movie’s OTT debut. He addressed rumours of the delay of the movie’s OTT release being caused by financial turmoil and confirmed that the movie will be available for streaming from Diwali onwards. “They (Netflix) scheduled the release for Deepavali (Diwali). They wanted a festival release since Thangalaan is a big film. However, our favorite YouTubers are claiming that there are some issues with Thangalaan. They have a knack for claiming that there is an issue when in reality, there isn’t any.” he said.

Microsoft on Monday said that its vice president of GenAI research, Sebastien Bubeck, is leaving the company to join ChatGPT-maker OpenAI. It was unclear what role Bubeck would assume at the Microsoft-backed AI startup. «Sebastian has decided to leave Microsoft to further his work toward developing AGI,» a spokesperson for Microsoft said, adding that the company looks forward to continuing their relationship through Bubeck's work with OpenAI.

Jr NTR’s blockbuster ‘Devara’ will soon be available on OTT. As per a report by 123 Telugu.com, the magnum opus will be making a grand debut on Netflix on November 8! The action extravaganza, which also stars Janhvi Kapoor and Saif Ali Khan has surpassed Rs 360 crore at the worldwide box-office. On the home turf, the Koratala Siva directorial has earned Rs 276 crore so far. Here’s everything you need to know about ‘Devara’.

Department of Telecommunications (DoT) has decided to bring telemarketers under regulatory control and fix accountability, in a significant step as part of a concerted bid by authorities to curb pesky messages and calls. Initiating steps to implement its decision, DoT has sent a reference to the Telecom Regulatory Authority of India (Trai) seeking recommendations on the framework for regulating telemarketers through an authorisation mechanism, officials in the know told ET, asking not to be named.

retail inflation surged to a nine-month high of 5.5% in September, driven by higher food inflation and an unfavourable base effect, official data released Monday showed. The sharp reversal in consumer inflation from a five-year low of 3.6% in July and 3.65% in August has dented hopes of interest rate cuts.

Boruto Two Blue Vortex Chapter 15 will be released soon. Readers around the world are excited to see what unfolds after Boruto's escape from Konoha.

Sean Diddy Combs is facing struggles behind bars in jail regarding food. The legal team of Sean Diddy Combs expressed that the worst part of his incarnation is not the isolation but the food.