PAM Financial News

Bhargavi Mani, she fell victim to the scam at Bengaluru International Airport while attempting to access a lounge before her flight. In a viral video, the woman explained how she was duped by the scamsters. According to Mani, she was not carrying her physical credit card and showed a photo of it to the lounge staff. She was then told to download an app and complete a facial scan for security purposes. Mani downloaded the «Lounge Pass» app but decided to get coffee at Starbucks instead of using the lounge. Later, she found she could not receive calls and discovered strangers were answering her calls. Mani then realized her credit card had been fraudulently charged over Rs 87,000, which was transferred to a PhonePay account.

corporate bond funds in October 2024. These schemes invest at least 80% of their corpus in the papers of the highest-rated companies. This makes them relatively safer than other debt schemes such as credit risk funds. They are also safer than gilt funds and long term debt funds that are highly sensitive to interest rate changes in the economy. You should pay attention to these two factors: safety and interest rates. Safety became a crucial factor for debt fund investors after a series of defaults and downgrades in the debt space almost three years ago. The shutting down of six schemes by Franklin Templeton Mutual Fund shook conservative investors in debt schemes. Though the environment is different now, you should still proceed cautiously.

Meta Platforms and Chief Executive Mark Zuckerberg won the dismissal of a lawsuit claiming they misled shareholders in Meta's proxy statement about their ability to ensure the safety of children who use Facebook and Instagram. In a decision on Tuesday, US District Judge Charles Breyer in San Francisco said the plaintiff Matt Eisner failed to show that shareholders suffered economic losses from Meta's alleged inadequate disclosures. He also said federal securities law did not require Meta to detail the severity of sexually explicit content and sexual exploitation of children on its platforms, or all the child protection strategies it decided not to adopt.

Bengaluru’s Outer Ring Road (ORR) on Tuesday evening, disrupting movement near key tech corridors. The traffic police took action by closing gates of major tech parks to alleviate the gridlock, leaving many tech workers stranded in their offices for hours.

Ekta Kapoor and her mother, Shobha Kapoor, have addressed the controversy surrounding the case registered against them under the POCSO Act. The allegations involve inappropriate scenes featuring minors in the ALT Balaji web series 'Gandi Baat'. In response, ALT Balaji issued a statement clarifying the involvement of the two producers and denying any violation of laws. According to the statement, both Ekta and Shobha Kapoor are not involved in the platform’s daily operations. The management of ALT Balaji, including its content strategy, is handled by separate teams. The company emphasized that it operates in full compliance with the law, including the POCSO Act, and dismissed the claims of featuring minors as incorrect. ALT Balaji also expressed its faith in the judicial system and confirmed full cooperation with the ongoing investigation. «It is further clarified that Mrs Shobha Kapoor and Ms Ektaa R Kapoor are not involved in the day to day operations of the company and the same are managed by separate teams, including its content strategy. The company has complete faith in the judiciary and is fully co-operating with the authorities in the investigation. since the matter is sub-judice, the company refrains from commenting in detail,» the statement added.

Huawei product after tech research firm TechInsights took apart the product, a person familiar with the matter said, revealing a possible violation of export restrictions on the Chinese company. The teardown was of Huawei's Ascend 910B, another source said. The 910B is viewed as most advanced AI chip available from a Chinese company. The first source would not identify the item, but said the TSMC chip was one within a multi-chip system. TechInsights informed TSMC of the chip before publishing its findings in a report, the person said, prompting the Taiwanese firm to notify the U.S. Commerce Department a couple of weeks ago.

investment firm M&G Prudential is in talks to lead a new funding round of $80-100 million for Bengaluru-based business-to-business (B2B) ecommerce firm Udaan, several people aware of the development told ET. The new funding round, when closed, will boost the UK-based company's shareholding in Udaan from about 15% now, the people cited earlier said. M&G Prudential is the second largest shareholder in the company after Lightspeed Venture Partners, which holds about 40% stake. Udaan, which saw a 44% cut in valuation at around $1.8 billion last year, may see the latest round at the same flat valuation, the sources said, adding that a term-sheet has been signed and the deal contours are being finalised.

Acko General Insurance is closing a $100-120-million secondary deal that will see some of its earliest backers including Infosys founder Narayana Murthy's venture capital firm Catamaran Ventures and private equity fund Chrys Capital’s founder Ashish Dhawan selling stakes in the new-age insurer. Incoming investors include Enam group’s family office led by Akash Bhanshali, CaratLane founder Mithun Sacheti, Arpwood Capital and public market veteran Madhusudan Kela of MK Ventures, people familiar with the development told ET. Existing shareholder private equity major General Atlantic will also shore up its position by acquiring additional stake, one of the persons said.

Europe was a bright spot for the Indian IT industry's growth when its chips were down. But as North America has started gaining traction for the IT services industry, the other side of the pond has begun to show signs of softness for many of the top IT companies. Experts also say Europe is facing a decelerating economy which is unlikely to improve in the near future and, hence, clients are pulling back hard on discretionary spends and looking to delay large projects. While IT leaders' commentaries on Europe didn't reflect on their Q2 numbers, analysts say they are largely reflective of deal pipelines and will show in coming quarters. Infosys in its Q2 earnings call said that in Europe, the automotive sector was challenged recently while discretionary spend remains under pressure.

Kamala Harris in the interview on ‘60 minutes’, reported New York Post. The network had to come with this acknowledgement as the former US President Donald Trump appeared with the claim that the editing was deceitful and it held an intention of making the appearance of Kamala Harris more articulate. According to New York Post, CBS News has rejected the assertions made by Republican Presidential nominee Donald Trump firmly and labeled them as ‘false’. CBS News asserted that the editing of different portions of Kamala Harris’s answer to the repeated question regarding the actions taken by Israeli Prime Minister Benjamin Netanyahu amidst the unrest situation in the Middle East asked by the interviewer Bill Whitaker was done for clarity. New York Post noted that in a statement, CBS also came with an explanation that this version of the show has appeared to be more succinct with the allowance for a broader level of discussion with the segment of 21 minutes. Karoline Leavitt, the campaign spokesperson of Donald Trump has argued that the admission of CBS has confirmed the accusation of manipulation made by them for presenting Democratic Presidential candidate Kamala Harris in a way which is more favorable.

Kamala Harris and former US President Donald Trump are having a very tough and competitive race across the seven battleground states, revealed a Washington Post or Scholar School Poll. According to Reuters, Kamala Harris is having 51 per cent support in Georgia compared to Donald Trump’s 47 per cent whereas Donald Trump is having a slight edge in Arizona with 49 per cent support compared to Kamala Harris’s 46 per cent support. Reuters noted that both the poll findings fall within a poll’s margin of error of near about +-4.5 per cent points which was based on a pretty recent survey of approximately 5,016 registered voters. Also Read: Donald Trump ahead of Kamala Harris in these three swing states which he is looking to flip

swing states namely Wisconsin, Michigan and Georgia, revealed a recent conservative polling data. According to Newsweek, early voting has commenced in several states while campaigning of both the Presidential candidates is intensifying ahead of the US Presidential Elections. Napolitan News Service conducted a recent poll survey in the month of October which showed Donald Trump leading Kamala Harris in Wisconsin by 1 point which is a major shift from Kamala Harris’s previous lead. Newsweek reported that Napolitan News surveyed around 787 likely voters while having a margin of error of +-3.5 points. Also Read: NBA 2024-25 Season: See where to watch, schedule

Donald Trump is going extensively strong in these last few weeks of the US elections that are scheduled for November 5. The early voting phase has already begun and Donald Trump is already building his strong hold in various regions including the key battleground states, as per most election strategy data and surveys.

Donald Trump is a very interesting figure when it comes to entertaining people, and amid the US elections, he has taken over every opportunity to show off some of his funny dance moves, which is now breaking the Internet. Such is the craze around Donald Trump's dance moves, that even Kamala Harris' supporters are also sharing a laugh over it. According to a New York Post report, Harris supporters at a rally in Arizona were asked to give their best version of a dance just like Donald Trump and interestingly, they replicated his moves quite perfectly. Also Read: Cheryl Hines to write a tell-all book following RFK Jr.’s sexting scandal with NY mag’s Olivia Nuzzi

Speaking at an industry event organised by the CII on Tuesday, Insurance Regulatory and Development Authority of India (Irdai) chairperson Debasish Panda said the 1.4 billion population base offers massive growth opportunities. «There is scope for more than 70 insurance companies to cater to 1.4 billion people. I encourage more conglomerates to enter the insurance sector. It is an exciting time for the industry,» said Panda.

Ted Lasso Season 4 seems more likely than ever, as Warner Bros. TV Group has provided an encouraging update on the beloved series. Channing Dungey, Chairman and CEO of Warner Bros. TV Group, recently hinted at Jason Sudeikis' interest in returning for another season. Sudeikis, who plays the titular role, has been a central figure in the show’s success, not only as the star but also as a co-creator and head writer. The prospect of a fourth season has always hinged on his enthusiasm to continue the story, and recent remarks suggest that he is more open to the idea than before, as mentioned in a report by Collider.

World Meetei Council (WMC) in a letter to Prime minister Narendra Modi has sought replacement of the current chief minister N Biren Singh citing his inability to restore normalcy even after 17 months. The WMC letter stated, “We wish to express once again our grave concerns regarding the ongoing situation in Manipur, which has persisted for the last 17 months. The people of Manipur are in a state of utter confusion and distress due to the prevailing circumstances. To date, neither the Chief Minister nor anyone else has taken responsibility for the chaos that has plagued our state.In a democratic framework, accountability lies with the head of the government for the outcomes of their leadership. A failure to govern effectively should prompt a resignation to allow for a new government under a new leadership”.

electric vehicles will have «far-reaching» impacts on investment, production, international trade and employment, the International Monetary Fund said on Tuesday as part of its update to global economic growth forecasts. The analysis was included in the IMF's latest World Economic Outlook, which was released as policymakers meet at the IMF and World Bank annual meetings this week to discuss efforts to boost global growth, deal with debt distress and finance the green energy transition. «The rising adoption of electric vehicles represents a fundamental transformation of the global automotive industry. It will have far-reaching consequences,» the IMF said.

Nationalist Congress Party (NCP). The application was mentioned for urgent listing before a bench of Justices Surya Kant and Ujjal Bhuyan. The counsel appearing for the Sharad Pawar faction informed the bench that the matter was supposed to be listed today (October 22) but hadn't found a mention in the causelist. He argued the plea seeks that both factions be directed not to use the «clock» symbol.

East Coast Railway (ECoR) has announced the cancellation of 197 trains starting from October 23 due to the anticipated cyclone 'Dana.' The cyclone is expected to impact Odisha by October 25. According to the Indian Meteorological Department (IMD), a low-pressure area over the East-central Bay of Bengal has strengthened and is predicted to turn into a cyclonic storm by October 23, 2024. The storm will likely intensify further into a severe cyclonic storm and is expected to cross the north Odisha and West Bengal coasts between Puri and Sagar Island from late night on October 24 to early morning on October 25.

Donald Trump has revealed that he had spoken to Israel Prime Minister Benjamin Netanyahu where they had a discussion over call regarding the conflicts in the Middle East, reported Slate. Donald Trump asserted that Benjamin Netanyahu eventually ignored US President Joe Biden’s warnings regarding the troop movements in Rafah of Gaza which led to the death of Yahya Sinwar, infamous Hamas leader, as per a report. Former US President Donald Trump also added that Benjamin Netanyahu asked for his advice that how should Israel respond to missile attacks coming from Iran, following which Donald Trump suggested Benjamin Netanyahu to do whatever is needed to be done, reported Slate. Also Read: Donald Trump edges past Kamala Harris in this poll for the first time since July