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On CCTV, Moment Explosion Hit Popular Bengaluru Cafe
onmynews.com

On CCTV, Moment Explosion Hit Popular Bengaluru Cafe

Hours after nine people were injured in a bomb blast at a Bengaluru cafe, disturbing CCTV footage has emerged showing a normal busy afternoon at the popular establishment, followed by an explosion which left at least one woman lying on the floor and several other people running for their lives.

The blast, at The Rameshwaram Cafe in Bengaluru’s Kundalahalli, occurred around 12.30 pm today and Chief Minister Siddaramaiah told reporters that an improvised explosive device (IED) was used in the attack.

A CCTV camera, placed above a counter in the cafe, captured the moments leading up to the blast as well as its immediate aftermath. Customers can be seen waiting to get a table and a waiter is about to put a plate on the counter when the explosion rips through a portion of the cafe. 

Debris falls from the ceiling and, as the smoke clears, a person can be seen falling while attempting to move away, while a woman is seen lying on the floor. A little later, she can be seen turning and attempting to get up, but failing to do so. 

Another CCTV camera inside the cafe shows the counter of what appears to be an open kitchen and the waiting area of the restaurant. When the explosion hits, customers and the staff members behind the counter are seen running away. 

Bomb squads as well as teams from the anti-terror National Investigation Agency and the forensics laboratory have reached the site. Before the chief minister said that an IED was used, BJP’s Bengaluru South MP Tejasvi Surya had posted on X that he had spoken to the cafe’s founder and that the explosion “seems to be a clear case of bomb blast”.

The injured are being treated at Brookfield Hospital in Bengaluru and Karnataka Police Chief Alok Mohan said they are out of danger. 

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Paytm Bank Fined Over Rs 5 Crore For Violations Under Money Laundering Act
onmynews.com

Paytm Bank Fined Over Rs 5 Crore For Violations Under Money Laundering Act

Paytm Payments Bank has been fined Rs 5.49 crore over alleged money laundering in the latest setback to the fintech, a month after the Reserved Bank of India (RBI) ordered it to stop accepting any fresh deposits in its accounts or wallets from February 29. That deadline was extended to March 15.

The Financial Intelligence Unit-India (FIU-IND) in a statement said it reviewed Paytm Payments Bank after getting information from law-enforcement agencies over alleged illegal acts including online gambling.

The FIU-IND said some entities routed these funds through Paytm Payments Bank, which violated provisions of the Prevention of Money Laundering Act (PMLA).

“… The money generated from these illegal operations, i.e. proceeds of crime were routed and channelled through bank accounts maintained by these entities with Paytm Payments Bank Ltd,” the FIU-IND said.

A Paytm Payments Bank spokesperson said the penalty pertains to issues within a business segment that was discontinued two years ago. “Following that period, we have enhanced our monitoring systems and reporting mechanisms to the Financial Intelligence Unit (FIU),” the spokesperson said.

Following the RBI order last month, Paytm had shifted its nodal account to Axis Bank (by opening an escrow account) to continue seamless merchant settlements as before. It had then insisted that its QR codes, soundbox and card machines would continue to work beyond the RBI’s March 15 deadline.

The deadline extension, the RBI said, was to allow customers, including merchants, “a little more time” to make alternative arrangements.

The RBI said no further deposits or credit transactions or top-ups will be allowed in any customer accounts, prepaid instruments, wallets, FASTags, National Common Mobility Cards, etc after March 15.

Customers can withdraw or use funds from their Paytm Payments Bank accounts and wallets until the time those funds are exhausted, but they cannot add any fresh funds after March 15, it added.

Paytm Payments Bank has nearly a fifth share of India’s toll collections through a product called FASTag. The RBI said these FASTags cannot be recharged or topped up after March 15.

Paytm is the third-largest app for UPI payments in the country, processing 1.6 billion monthly transactions, according to data available on the NPCI website. PhonePe and Google Pay are the two largest.

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Delhi Court Orders Bloomberg To Remove “Defamatory” Article Against Zee
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Delhi Court Orders Bloomberg To Remove “Defamatory” Article Against Zee

A Delhi court today ordered Bloomberg Television Production Services India Pvt. Ltd to take down a defamatory article published against Zee Entertainment Enterprises Ltd. Zee said that the “factually incorrect article” led to a “15 per cent drop in share price” of the company.

The company, argued in front of the Delhi Sessions Court that the article published by Bloomberg was “false and factually incorrect, with a pre-meditated and malafide intention to defame the company”. The article, on February 21, mentioned details pertaining to the corporate governance and business operations of ZEE, which were inaccurate in nature and led to a 15 per cent drop in share price of the company, eroding investor wealth, it said.

Additional district judge Harjyot Singh Bhalla, in a big relief to Zee, directed Bloomberg to “take down the defamatory article from its platform within one week of receipt of the order”, further restraining the platform from posting, circulating or publishing the article on any online or offline platform till the next date of hearing.

The article by Bloomberg, incorrectly published that Securities and Exchange Board of India (SEBI) has found a $241 million accounting issue at the Company, whereas there is no such order from the mentioned regulator, Zee insisted. It said that “despite the company firmly refuting the same, the article incorrectly published financial irregularities in Zee, without the basis of any order from the regulator”.

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