PAM Financial News

PhonePe has introduced a new insurance plan offering protection against firecracker-related accidents during the Diwali season. Priced at Rs 9, the plan provides coverage of up to Rs25,000 for a 10-day period, safeguarding users from expenses related to hospitalisation and accidental death due to firecracker accidents. This short-term insurance covers the policyholder and up to four family members, including their spouse and two children. The plan is available for purchase through the PhonePe app and offers immediate coverage starting October 25, 2024. If purchased after this date, the policy will begin from the purchase date. “We are excited to introduce PhonePe’s Firecracker Insurance just in time for the festive season. This coverage offers essential protection for families, ensuring they can celebrate with peace of mind, free from concerns about accidents or unexpected financial strain,” Vishal Gupta, CEO of PhonePe Insurance Broking Services, said.

US vice president Kamala Harris is preparing for her first Fox News interview, and the interview will be hosted by renowned journalist Bret Baier. It will be a rare occasion where a Democratic figure will share words directly with the audience of Fox News.

Reliance Retail, as it now features on the catalogue of its fashion e-tail platform AJIO. Earlier, Timberland had to close its retail stores across India in 2015 due to stiff competition in the local market and conflict with a similar local brand Woodland. The Timberland Company, a subsidiary of US-based VF Corporation, and Woodland, which also has a tree logo, were engaged in litigation over intellectual property, as the two have identical logos and products. On Monday, in its earnings statement, Reliance Industries said: «AJIO has been strengthening its portfolio through new brand launches like ASOS, H&M, Timberland, to name a few».

Uddhav Thackeray has been admitted to hospital in Mumbai for angioplasty. Back in 2016, Shiv Sena President Uddhav Thackeray discharged from the Lilavati Hospital here after he underwent angiography. The procedure was a follow-up to the angioplasty which he had had on July 20, 2012, when doctors put in eight stents to remove the multiple blockages he had in three main arteries in his heart. The party chief underwent a second angioplasty in November 2012. At the time, the doctors removed the blockages in the left anterior descending artery (LAD), which was blocked by almost 60 per cent.

Cheryl Hines and husband Robert F. Kennedy Jr walk hand in hand on a Cape Cod beach out October 12. The visit is just the latest in a long string of rumors swirling around Kennedy and her purported affair with journalist Olivia Nuzzi. Hines, 59, sported a laid-back athleisure look as if she was waiting for Kennedy to come back by joining him on the beach, as per a report. After news of the relationship with Kennedy broke, New York Magazine suspended Nuzzi's grant. While neither the magazine nor Nuzzi named Kennedy in their respective reports, CNN and other outlets quickly connected him to it. Nuzzi also denied having been in a sexual relationship with Kennedy, though she admitted that it would have constituted a conflict of interest had she reported the story without revealing their connection, US Weekly reported. Also Read: Silo Season 2: Check out Apple TV+ show’s trailer, storyline, cast and release date

The Substance has been leaked online, and the piracy links are flooded across social media, and this has sparked fear among filmmakers and producers regarding significant financial loss, as per a report..

BCCI has decided to scrap the contentious Impact Player rule for the upcoming Syed Mushtaq Ali T20 Trophy. The Impact Player concept was introduced in SMAT couple of years ago and was later extended to the Indian Premier League. «Kindly note that the BCCI has decided to do away with the provision of the 'Impact Player' for the ongoing season,» the BCCI informed the state associations on Monday. The BCCI's decision to do away with the Impact Player comes shortly after it decided to retain the rule in the IPL till 2027. With record 250 plus total seen in the IPL this year, the Impact Player experiment was questioned by many including India skipper Rohit Sharma.

real estate sector saw 25 deals worth USD 1.4 billion in September quarter, driven by Qualified Institutional Placement (QIP) issues launched by developers, according to a report by Grant Thornton. Consulting firm Grant Thornton Bharat released the report 'Real Estate/ REITs Dealtracker — Providing M&A and PE deal insights' on Monday. «The quarter maintained strong deal volumes with 25 deals, marking an all-time high in terms of deal volumes and the second-highest values since Q2 2023,» the report said. The deal values were primarily driven by the QIP activity, followed by private equity funding in the residential and commercial segments, with additional activity in real estate technology companies.

Daylight Saving Time will officially conclude in the month of November, as per a report.

pollution control panel for Delhi-NCR on Monday directed state governments in the region to implement the first stage of the Graded Response Action Plan (GRAP) as the capital's air quality was in the 'poor' category for the second consecutive day. The Stage I of GRAP, a set of winter-specific anti-pollution measures, focuses on controlling pollution through dust mitigation at construction sites, proper waste management, and regular road cleaning. It mandates strict checks on polluting vehicles, better traffic management, and emission controls in industries, power plants, and brick kilns. The first stage also bans open burning of waste, limits the use of diesel generators, and prohibits the use of coal or firewood in eateries. According to the Central Pollution Control Board (CPCB), Delhi's 24-hour average air quality index stood at 234 (poor category) as of 4 pm on Monday.

Europa Clipper probe aboard a SpaceX Falcon Heavy Rocket from Cape Canaveral situated in Florida. According to Los Angeles Times, the Europa Clipper mission aims to explore Europa, the icy moon of Jupiter in search for signs of existing alien life. Los Angeles Times reported that the spacecraft will be embarking on a journey of 1.8 billion mile which will take near about 5 and half years to be completed and the arrival is expected in the year of 2030. Europa Clipper will be utilizing gravity assists primarily by swinging around Mars starting from early next year. Europa clipper will be returning to Earth around late 2026 before its final destination to Jupiter. The spacecraft after reaching its destination will be conducting scientific investigations for over four years which will include multiple flybys of Europa for studying the subsurface ocean and in search for organic compounds, Los Angeles Times reported.

Delhi Chief Minister Atishi held a high-level meeting on Monday with senior officials from the Jal Board, Flood and Irrigation Department, Revenue Department, and all district officials ahead of the Chhath Puja. The Chief Minister instructed the officials to start all necessary preparations in advance to avoid last-minute rushes, ensuring that devotees face no difficulties during the festival. CM Atishi emphasized that Chhath Puja is a festival of faith for millions of devotees and assured that the Delhi Government is committed to ensuring the festival is celebrated with joy and that devotees can worship Chhathi Maiya without any inconvenience.

Aston Kutcher and Mila Kunis’s recent Europe trip, attending the concert of Taylor Swift during the Eras Tour has shed the light on their serious discussion about the permanent relocation. The couple sees Europe as an ideal place to start a new life while raising their children in a grounded environment, but they are also facing difficulties in their work commitment in the U.S., noted SheKnows. Also Read: Ready or Not Sequel: Everything we know so far

Reliance Industries Limited (RIL)-owned Viacom18 and Walt Disney's Star India are expected to complete their merger by the third quarter of this financial year, pending additional approvals, according to a regulatory filing from Reliance Industries Limiter (RIL). In its quarterly report, RIL noted that Viacom18 and Star India have already received conditional approval from the Competition Commission of India (CCI) for their proposed merger. However, the CCI has yet to issue its detailed order regarding the Star-Viacom18 merger. The competition regulator approved the transaction on 28th August.

VHP) on Monday said only "practising Hindus" should be appointed to temple committees in Andhra Pradesh and there should be no political representation in these panels. It also demanded that only «practising Hindus» be appointed as employees at these temples and the «non-Hindus or non-practising Hindus» appointed as temple staff immediately relieved of their duties. «Politicians during their election campaigns not only say that they are secular and treat all the religions equally but also participate in prayer programmes in different religious places of worship,» the VHP said in a statement. «In this case, if there are political leaders in the temple committees, there is a possibility that they will give priority to their secular feelings rather than the welfare of Hindus,» it added.

Pappu Yadav said he could «finish off within 24 hours» the network of Lawrence Bishnoi who is suspected to be behind the assassination of former Maharashtra minister Baba Siddiqui. The Purnea MP made the boastful statement in a post on X, on Sunday, when he called Gopalganj-born Siddiqui «a son of Bihar» and trained his guns at the NDA government in the western state. «Has the nation become an army of eunuchs? A criminal sitting in jail gets people bumped off at will and all remain mute spectators,» wrote Yadav, himself known for strong-arm tactics in politics. He added, «Maha jungle raj prevails in Maharashtra. The proof is the murder of Baba Siddiqui, who enjoyed Y security cover and was known to be supportive of the government.»

Andhra Pradesh government expects about Rs 20,000 crore through sale of licensing fee and liquor during the remaining financial year, sources said on Monday. «As such the state government netted Rs 1,800 crore towards non-refundable application fee for 3,396 outlets. Once the outlet was allotted on lottery basis, the winner will have to pay licensing fees ranging from Rs 50 lakh to Rs 85 lakh in six installments. Last year the government got Rs 30,000 crore through liquor sales. This year for the remaining six months, the government is expecting over Rs 17,000 crore,» a source, privy to the development told PTI. According to Mukesh Kumar Meena, Principal Secretary, Revenue (Excise), the state government has received nearly 90,000 applications for 3,396 private liquor outlets throughout the state with Rs 2 lakh as non-refundable application fee contributing to about Rs 1,800 crore to the exchequer.

If you use UPI daily, you should know the latest transaction limits of different UPI payments and transactions. ET Wealth Online explains the daily payment limits of UPI, UPI Lite, and UPI123Pay.

Grandmaster at the age of 12 back in June 2021 but leading chess player D Harika feels the way the age barrier is being shattered in the sport, it's a matter of time the bar will be reset and probably by an Indian. Harika, one of only three Indian women players to become a Grandmaster, is currently playing in the Tech Mahindra Global Chess League (GCL) here and said that the momentum created by the Indian men's team in the Chess Olympiad in Budapest recently, helped the women too aim for the gold during the historic campaign. India made history by winning their first-ever gold medals in the Olympiad with both the men's and women's teams taking the top podium finishes. «The generation in general is getting smarter. My daughter is just two years old and she can already identify the chess pieces,» said Harika, the two-time Asian Games medallist and a member of the gold-winning Indian women's team in the Olympiad.

festive season sales compared to last year. Tepid demand for entry-level handsets weighed on the overall industry. Television and household appliance sales grew by 2-3% by volume sales during the period, led by premium products, as per estimates from leading brands and market researchers. Apparel brands and retailers saw a 6-8% increase in same store value sales, bringing cheer to the industry. While e-commerce platforms saw muted demand in the first few days of their biggest annual sales, which began on September 26, it started to recover from Navratri onwards with consumers getting their monthly pay checks, Diwali bonuses and the end of the Shraadh period, which is considered inauspicious for new purchases.