PAM Financial News

A Secret Service agent, who was tasked to protect former US President Barack Obama, allegedly brought his girlfriend to Obama's beach house in Hawaii. The incident came to light after the agent's former girlfriend, Koryeah Dwanyen, released her memoir titled «Undercover Heartbreak: a Memoir of Trust and Trauma» on October 28, reported Abc news.

COP29, urging world leaders to prioritise the unique needs of children and youth in policy. «Rising temperatures and unchecked development have led to landslides and impacted our way of life,» said 23-year-old Manisha Arya, a youth delegate from India's Himalayan region, as she voiced the concerns of millions at the United Nations Climate Change Conference (COP29). Manisha is one of 20 young South Asian leaders representing the urgent demands of youth in the fight against climate change. Alongside her is Kartik Verma, a 19-year-old environmental advocate from a farming community in rural India.

bankruptcy courts, a report said on Wednesday. In over 71 per cent of the cases, the 270-day timeline is getting exceeded, the report by rating agency Icra said, adding that this is resulting in a higher number of liquidation orders as the elongated process erodes value. "'Lenders continue to face steep haircuts or reduction in loan amounts of nearly 72 per cent in Q2 FY2025 as the overall resolution process continues to face material delays emerging from litigations from either promoters or dissenting creditors," the agency's group head for structured finance ratings Abhishek Dafria said. He added that 71 per cent of the ongoing corporate insolvency resolution processes (CIRPs) had exceeded 270 days, post-admission by the NCLT.

Elon Musk and Vivek Ramaswamy, two of US President-elect Donald Trump's most famous allies, were the most keenly awaited appointments in his administration. They are going to lead the department of government efficiency (DOGE), one of the most controversial and inscrutable project of Trump. «I am pleased to announce that the Great Elon Musk, working in conjunction with American Patriot Vivek Ramaswamy, will lead the department of government efficiency (DOGE),» Trump announced. The acronym is a playful nod to Musk’s affinity for the cryptocurrency Dogecoin. The announcement triggered a meme fest on social media. Reacting to Trump's announcement, Musk on X wrote, «Department of Government Efficiency. The merch will be (fire emojis).» Many X users with the help of AI suggested some eye-catchy logos featuring the Shibu Inu dog from the Doge cryptocurrency memes for Musk and Ramaswamy's department which Musk shared on his accounts. Various online surveys and media organisations have acknowledged Doge as one of the most significant Internet memes of the 2010s.

Gaza and it has consistently stood for resolution of the Palestinian issue through a two-state solution, External Affairs Minister S Jaishankar said on Wednesday. In his opening remarks at a meeting with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud, Jaishankar said the situation in West Asia is a matter of «deep concern», particularly the conflict in Gaza. The external affairs minister described Saudi Arabia as an important force for stability in the region. Jaishankar and Al Saud co-chaired the second meeting of the Committee on Political, Security, Social and Cultural Cooperation (PSSC) held under the framework of the Strategic Partnership Council (SPC).

As per data released by industry body Society of Indian Automobile Manufacturers (SIAM), as many as 393,238 vehicles were dispatched from factories to dealerships, compared to 389,714 units sold in the corresponding period of the last financial year.

Donald Trump emerged victorious in the US Presidential elections, and as soon as he comes to power following the end of Biden's tenure, his proposed set of economic plans will begin seeing the green light, and according to a Wall Street strategist, some of it could make the possibility of a US recession a harsh reality.

PFC has decided not to sanction loans to Shapoorji Pallonji Group as it does not favour takeing «high-end exposure», PFC CMD Parminder Chopra said. The Power Finance Corporation (PFC) chairman and managing director (CMD) Parminder Chopra made the remarks in a post earnings call. «The Board in its wisdom has decided that since it's a new sector for us, so we may not take that high-end exposure,» she said in reply to a question related to sanctioning loan to Shapoorji Pallonji. Shapoorji Pallonji Group is a business conglomerate which specializes in sectors like engineering and construction.

Karnataka High Court on Wednesday dismissed a petition filed by the Union Bank of India (UBI) seeking a CBI probe into the case of diversion of funds from the Karnataka Maharshi Valmiki ST Development Corporation. A group of people allegedly committed fraud on the bank and siphoned off the funds, allocated to the Valmiki Corporation for the welfare of scheduled tribe members, between February 21 and May 6 this year. The alleged fraud came to light only on May 24, after the corporation managing director wrote to UBI’s MG Road branch asking it to restore the funds debited to its account as it had not authorized any of the transactions that took place over this period. In its complaint to the CBI, the bank said it had been able to recover Rs 5 crore while Rs 84.63 crore remained unrecovered from the recipients of funds from illegal transfers.

death, Julie McFadden, a hospice nurse in the US, explained the physical changes that occur in the human body after death. McFadden, who transitioned to hospice care after years in intensive care, has built a following by addressing common questions about dying, intending to remove fear and stigma associated with death. Her viral video, which has garnered over 590,000 views, describes the initial changes that occur as a body begins to decompose.

Kalaignar Multi-speciality Hospital in Chennai was stabbed by a man on Wednesday morning at around 10:15 am in the Oncology department, TOI reported on Wednesday. The accused, a 26-year-old man, entered the hospital posing as a patient to meet Dr. Balaji Jaganathan, a medical oncologist. Upon entering the doctor’s room, the man attacked Dr. Jaganathan with a knife, stabbing him in the neck, head, and upper chest. The doctor also sustained injuries to his ear while defending himself. Hospital staff apprehended the attacker as he attempted to flee the scene and is currently in custody at the Guindy police station.

Border Gavaskar Trophy. So far this year, both Kohli and Rohit have struggled to find their best form, attracting scrutiny following India's recent 0-3 series loss against New Zealand. Rohit has accumulated 588 runs from 11 matches this year, averaging 29.40 with two centuries and two fifties. Meanwhile, Kohli has managed just 250 runs from six matches (12 innings), averaging 22.72 with just one half-century.

Donald Trump has started to fill key posts in his second administration, putting an emphasis so far on aides and allies who were his strongest backers during the 2024 campaign. Trump announced Tuesday Elon Musk and Vivek Ramaswamy will lead a new “Department of Government Efficiency” in his second administration. “Together, these two wonderful Americans will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies,” Trump said in a statement. Trump had proposed the creation of a government efficiency commission as part of a slate of new economic plans that he unveiled in early September. At the time, he said Musk had agreed to lead it if he were to secure a return to the White House.

«Ashok Sahu died due to a bullet injury. He was an honest person and never engaged in corrupt practices. Police knows everything about the real incident,» Sahu's brother said. Ashok Sahu, a former Trinamool Ward President, was sitting at a tea shop where he was attacked and received serious injury. The Trinamool worker was injured as bullets were showered and bombs hurled in Jagatdal and Sahu was subsequently hospitalised.

UK Visas and Immigration (UKVI) department has issued a crucial advisory to Indian nationals applying for UK visas, urging them to stay vigilant against potential fraud. Scammers often impersonate officials, claim expedited visa processing, or request payments through unauthorized channels. UKVI emphasized that it will never reach out through social media, request payments by email or personal bank accounts, or guarantee visa approvals in exchange for third-party payments. All payments for UK visa services should be made exclusively via GOV.UK or its verified partners. Indian nationals emerged as the largest recipients of UK visas across Visit, Study, and Work categories for the year ending June 2024.

Donald Trump has announced that Tesla CEO Elon Musk and Indian-American entrepreneur Vivek Ramaswamy will head the new Department of Government Efficiency (DOGE). Trump revealed the appointment on Tuesday, saying, “I am pleased to announce that the Great Elon Musk, working in conjunction with American Patriot Vivek Ramaswamy, will lead the Department of Government Efficiency (DOGE).” Ramaswamy will make history as the first Indian-American to join Trump’s administration, starting January 20 next year. In his statement, Trump explained that Musk and Ramaswamy would help his administration tackle government bureaucracy by cutting unnecessary regulations, reducing wasteful spending, and restructuring federal agencies. This, Trump said, is crucial for the «Save America» movement.

Wayanad Lok Sabha seat and the Chelakkara assembly constituency in Kerala commenced at 7am on Wednesday People started arriving early in the morning at the 1,354 polling booths in the hill constituency of Wayanad where there are over 14 lakh registered voters, according to the Election Commission figures. The Wayanad constituency comprises seven assembly segments of Mananthavady (ST), Sulthan Bathery (ST), and Kalpetta in Wayanad district; Thiruvambady in Kozhikode district; and Eranad, Nilambur, and Wandoor in Malappuram district. A bypoll was necessitated in the hill constituency after Rahul Gandhi, who won the Wayanad LS seat in the general elections held earlier this year, vacated it after he also won from the Rae Bareli constituency.

However, voting will continue till 4 pm at certain polling stations in the Imamganj constituency, he added. According to the official, more than 12 lakh voters will decide the fate of 38 candidates in these four assembly seats.

Donald Trump may not be a good President and replacement for reigning President Joe Biden. Based on her filings, Harris has spent somewhat $880 million in the US elections, which is more than a double of what was spent by Trump, according to his filing reports. In terms of advertising campaigns, Kamala Harris and her campaign team spent almost double of what their opponents spent but still did not manage to yield as much results that was expected in the first place. One sector that the Harris campaign spent the most, is event production, web musical performances at rallies right before the elections, were the star attraction. Kamala Harris paid nearly a million dollars to Harpo, which is a production company owned by Oprah Winfrey, who ended up being the reigning VP's biggest celeb ally this time around.

The corporate goods price index (CGPI), which measures the price that companies charge each other for goods and services, rose 3.4% in October from a year earlier, Bank of Japan data showed, above market forecasts for a 3.0% gain. It followed a 3.1% increase in September.

fixed deposits should stick to large-cap funds as these schemes invest in companies with long track records and strong managements, which works well in the long term. WHAT IS A LARGE-CAP MUTUAL FUND? As per regulatory guidelines, a largecap company is a listed company ranked from 1st to 100th on the Indian stock exchanges in terms of market capitalisation. Hence for a fund house, a large-cap scheme needs to invest at least 80% of its corpus in large-cap companies, with the flexibility to invest the remaining 20% in other companies as per the discretion of the fund manager.