PAM Financial News

Donald Trump was formally sentenced Friday in his hush money case, but the judge declined to impose any punishment. The outcome cements Trump’s conviction while freeing him to return to the White House unencumbered by the threat of a jail term or a fine. This makes him the first former US president ever sentenced for a crime. Justice Juan Merchan delivered the decision on Friday, a day after the US Supreme Court rejected an attempt by Trump’s legal team to delay sentencing before the Republican leader’s inauguration on January 20. ALSO READ: Once-in-a-1,60,000-year comet G3 ATLAS to be visible from Earth on this day. It could shine as bright as Venus

Warren Buffett has been making some swift and silent movements at the US stock market in recent while, and he has also let go of some of his major stock holdings in the last couple of months, something that is triggering concerns among US investors, especially those who are still holding those stocks in their investment portfolios.

IRGC) has unveiled the Rezvan which is a sophisticated loitering munition drone during its Great Prophet 19 military exercise, reported Iran International. The drone actually demonstrates Iran's advanced military technological capabilities and strategic positioning in the region. According to Iran International, the Rezvan features remarkable specifications which include a 20 kilometer range and 20 minute operating time. Starting with its launch from a cylindrical container, the suicide drone eventually transmits live video to operators while enabling precise target selection and engagement. IRGC Ground Forces Commander Mohammad Pakpour claimed recent successful simulated attacks against hypothetical enemies during the exercise.

Flexible office provider Awfis Space Solution has picked up an office space over more than 197,000 sq ft in a commercial complex in Pune’s Kharadi locality through a long-term lease of over five years. The company will be paying rentals of Rs 18 per sq ft a month during the fit-out period of initial three months starting from the license commencement date of January 1. The lease rentals during the rest of the term will be based on the profit share and minimum guarantee agreement between the company and the project’s developer.

Prince William has started to show off his regal prowess. As he approaches his throne ascension, the 42-year-old Prince of Wales is reportedly seizing more authority from his cancer-stricken father, King Charles. William, the heir apparent to the throne, is reportedly making a number of important decisions regarding the firm's long-term prospects. Declaring his estranged brother Prince Harry and his wife Meghan Markle to be personae non gratae is one of those. The same is true for Prince Andrew, his scandal-plagued uncle, according to InTouch.

microfinance institutions (MFIs) on Friday said that it would be difficult for them to lower interest rates unless they have access to cheaper sources of funds which can be ensured by a dedicated credit guarantee scheme, refinance facility or interest subvention. The rates charged by microfinance lenders have always been a contentious issue and have again come under regulatory glare following an increase in defaults seen in the sector. Most lenders charge between 21% and 24% a year. The Department of Financial Services at a meeting with MFI heads earlier this week urged them to reduce rates to make the loans viable for borrowers. «Given the cost structure, it would be difficult for NBFC-MFIs to reduce rates below 20%,» said Sadaf Sayeed, chief executive at Muthoot Microfinance.

Gold prices scaled a four-week peak on Friday and were set for their best week in seven, driven by safe-haven demand amid uncertainty over what policies U.S. President-elect Donald Trump will pursue, while markets awaited jobs data for clues on the trajectory of U.S. interest rates, as per a report. Spot gold climbed 0.4 per cent to $2,679.65 per ounce, as of 1250 (GMT) after hitting its highest level since December 13 earlier in the session. Prices have risen by more than 1 per cent this week. U.S. gold futures rose 0.6 per cent to $2,707.00, Reuters reported. The most bullish outcome for gold is the narrative of ballooning fiscal deficits and unsustainable debt weighing on the U.S. dollar in the longer term and causing doubts about its role as the world’s reserve currency, said Carsten Menke, analyst at Julius Baer, according to Reuters report.

Fortnite Chapter 6 Season 2 is expected to launch soon, offering new modes, gameplay features, and exciting updates. Let’s talk about the release date and leaked features.

New York Times Mini Crossword is a popular word puzzle game available in the Times’ Games section. Here are the solutions for the puzzle for Friday, January 10, along with an overview of accessing Mini Crossword archives.

DPIIT) said Friday. “The report we are getting is that startups are returning to India. Angel tax (removal) is one issue that has helped bring some startups,” Bhatia said. Budget FY25 had abolished the angel tax or Section 56(2) VII B of the Income Tax Act that was introduced in 2012 as an anti-abuse measure aimed at tax avoidance and curbing money laundering through inflated valuations. Under this provision, if a closely held company issues shares at a price exceeding fair market value (FMV), computed in accordance with prescribed methodology, the difference is to be taxed as income from other sources.

A-list celebrities like John Goodman, Anthony Hopkins, and Billy Crystal have had their homes in the Pacific Palisades destroyed by fire. The toll on the entertainment industry grew as firefighters battled in vain Wednesday to stop the spread of a raging fire that destroyed the Pacific Palisades. Billy Crystal, Anna Faris, John Goodman, Anthony Hopkins, Eugene Levy, and Miles Teller were among the more than six celebrities who lost their homes in the community perched above the Pacific Ocean as a result of the Santa Ana wind-fueled fire by the afternoon, according to social media posts and Page Six reporting.

A spokesperson of the Immigration department at Karachi's Jinnah International Airport said, among them, 14 had Pakistani passports, while 244 were deported on emergency travel documents. «We arrested 16 deportees at the Karachi airport, including one with a suspicious identity, while the rest were released after questioning,» he said.

Syrma SGS has signed a pact with Taiwanese PC brand MSI to manufacture laptops for the Indian market. As part of the agreement, Syrma will assemble laptops for MSI at its Chennai facility. The company will be taking a phased approach to localise manufacturing for MSI in India, starting with assembly with a technology transfer from MSI, the company said in a statement Friday. «It not only bolsters our IT hardware manufacturing portfolio but also underscores our ability to deliver high-quality, innovative solutions that meet the needs of global leaders like MSI,» said Satendra Singh, CEO, Syrma SGS.

working committee of the Shiromani Akali Dal (SAD) Friday accepted the resignation of Sukhbir Singh Badal as party chief, party leaders said. The move came over a month after Akal Takht Jathedar Giani Raghbir Singh asked the SAD to implement the December 2 edict at the earliest, while referring to the direction of accepting the resignation of Badal. Badal's resignation was accepted in the working committee meeting held at the party's headquarters here. Speaking to reporters after his resignation was accepted, Badal thanked the party workers and leaders for their support.

Interstellar" in cinemas and IMAX across the country to celebrate the 10th anniversary of the 2014 sci-fi film. The film will release in theatres on February 7. Nolan is known for his lavishly-mounted stories such as «The Dark Knight» trilogy, «The Prestige», «Inception», «Dunkirk» and «Oppenheimer». The film, starring Matthew McConaughey, Anne Hathaway, Jessica Chastain, Bill Irwin, Ellen Burstyn, Matt Damon and Michael Caine, revolves around a team of space explorers who travel beyond the galaxy to discover whether mankind has a future among the stars.

Prateek Group will invest close to Rs 1,200 crore to develop its luxury project Prateek Grand Begonia in Siddharth Vihar, Ghaziabad. Spread in 15-acre, the entire development has a revenue potential of Rs 5,000 to 6,000 crore and will have 2400 units in the configuration of 2,3 and 4 BHK. Prateek Group has already delivered a township Prateek Grand City in Siddharth Vihar (Ghaziabad).

World Economic Forum (WEF). The report added that to mitigate the growing shortage of skilled labour, the technology will capture the expertise of retiring employees and transfer it to the next generation. When you combine AI with digital twins its impact becomes even greater. The possibilities include everything from performance monitoring and optimization to creating more realistic simulations and making precise predictions.

Tesla said on Friday it was recalling about 239,000 vehicles over an issue that could cause the rear-view camera to not display an image, but it could be resolved by an over-the-air software update. The development comes days after the National Highway Traffic Safety Administration opened a probe into 2.6 million Tesla vehicles in the U.S. over reports of crashes involving a feature that allows users to move their cars remotely. In a small number of affected vehicles, a reverse current may occur during power-up, potentially causing a short circuit on the car's computer board, which could result in the rear-view camera becoming inoperative, the automaker said.