W . W W 4 W!  Siraj becomes 1st Indian to bag 4 wickets in 1 over, equals fastest ODI 5-wicket haul

News Network
September 17, 2023

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India pacer Mohammed Siraj snapped up four wickets in the space of five deliveries against Sri Lanka in the Asia Cup 2023 final at the R Premadasa Stadium in Colombo on Sunday.

India, forced to bowl first, broke the Lankan top-order into shreds on the back of Siraj’s fiery new-ball burst. Siraj first removed Pathum Nissanka and followed up with wickets of Charith Asalanka, Sadeera Samarawickrama and Dhananjaya de Silva to leave Sri Lanka reeling at 12 for five in four overs.

Siraj’s manic over began with the wicket of Nissanka, who pushed a length delivery to the right of point and found a low catch from Ravindra Jadeja. The in-form Samarawickrama was then trapped leg-before for a two-ball duck before Charith Asalanka chipped his first ball to Ishan Kishan at cover. While de Silva averted the hat-trick ball with a four through long-on, Siraj returned with a sharp delivery that induced a caught-behind wicket.

Siraj continued his impressive spell and bagged a five-wicket haul, castling Sri Lanka captain Dasun Shanaka for a four-ball duck in his third over. Marching into his sixth over of the opening spell, Siraj bagged his maiden six-wicket haul, cleaning up Kusal Mendis with a straighter delivery.

The 29-year-old also equalled former Sri Lanka pacer Chaminda Vaas for the quickest ODI five-for, reaching the feat in just 16 balls. Vaas achieved the milestone against Bangladesh in 2003.

Siraj also completed 50 ODI wickets during the spell, reaching the milestone in his 29th ODI, the joint-fourth-quickest among all Indian bowlers. In terms of balls bowled, Siraj (1002) is the second-fastest man to 50 ODI wickets behind Ajantha Mendis (847 balls).

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News Network
February 6,2025

Mangaluru: A man has reportedly lost ₹13 lakh after falling victim to an online trading scam. The incident began on December 14, 2023, when he received a WhatsApp message adding him to a group named "VIP3 Global Securities Official Stock Community."

The message introduced Ajay Garg as the director and CEO of SMC Group, claiming he was participating in an international stock returns competition and urging members to vote for him. The group also provided stock market investment guidance and encouraged users to open an SMC Global Securities Trading Account to access IPO stocks.

Upon inquiring in the group, the complainant was contacted by an individual claiming to be an international customer service representative at SMC Global Securities. This person, later identified as Vandana Bharti from the Institutional Brokerage, claimed she could secure high-value IPO stock allotments. The complainant was instructed to download the SMC Global Securities Trading App using a specific link, which promised 30 days of free VIP trading advice and stock market insights. He registered on the app using his PAN and mobile number and began applying for IPO stocks.

Initially, the complainant was allotted ₹15,000 worth of IPO stocks from Dam Capital Advisers Limited. The scammers claimed that ₹5,000 was covered by the company, requiring him to pay only ₹10,000, which he transferred on December 25. Soon after, he was allotted ₹1.4 lakh worth of IPO stocks from Anya Polytech & Fertilisers and was pressured to pay immediately. On December 31, he transferred the amount.

The scammers continued assigning higher-value IPO stocks, eventually allotting ₹9.9 lakh worth of stocks from Standard Glass Lining Technology Limited. When the complainant expressed an inability to pay, he was pressured into taking a ₹9 lakh loan via a mobile lending service.

On January 20, he attempted to withdraw ₹1 lakh from the SMC Global Securities Trading App to check if funds could be recovered. The withdrawal was processed successfully the same day, reinforcing his trust in the platform. However, subsequent attempts to withdraw funds were unsuccessful, and the complainant realized he had been defrauded.

Authorities are investigating the incident and cautioning the public to be vigilant against such fraudulent schemes.

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Agencies
February 3,2025

The Indian rupee plummeted to a historic low of 87.29 per dollar on Monday. This decline is attributed to escalating trade tariffs imposed by US President Donald Trump amid global market uncertainties.

Having already depreciated over 1.5% this year, the rupee's latest tumble is regarded as a repercussion of tariff measures enforced by the US government. The currency opened with a substantial gap-down of 43 paise, hitting a low of 87.29 before rebounding to 87.13 following a Reserve Bank of India (RBI) intervention. 

Currency expert KN Dey explained to ANI that the tariff war, ignited by the US against Canada, Mexico, and China, is responsible for the rupee's decline. KN Dey noted, "Rupee opened with a gap of 43 paisa which was one of the highest gap openings, touched a new low of 87.29, but is now trading at 87.13 due to RBI intervention."

The situation remains fluid as President Trump has also hinted at possible tariffs on BRICS nations, including India. KN Dey cautioned, "Though Trump has been threatening BRICS countries also, it remains as to when he would press the button. This could be a knee-jerk reaction on the Rupee, but it's better to wait and watch for a couple of days." 

On a broader scale, this pressure on the rupee is mirrored by a strengthening US dollar against global currencies. Monday saw the Canadian dollar and Mexican peso dip to multi-year lows and the Chinese yuan weaken to a historic low. The US government announced an imminent 25% tariff on imports from Canada and Mexico and a 10% tariff on Chinese goods.

Market analysts suggest this may be a short-term reaction, with investors advised to observe how circumstances develop. The unfolding situation is anticipated to shape market movements significantly.

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News Network
February 3,2025

Udupi: A 59-year-old man has allegedly lost ₹20.17 lakh in a stock market scam after being lured by promises of high returns.

Vinod, the complainant, stated that he discovered an online stock market-related company, PML Securities, on November 2 last year. Encouraged by its offerings, he began investing through the company’s mobile applications, PML Max and PML PRO, starting from November 27.

Initially, his investments were returned in line with the IPO (Initial Public Offering) process, reinforcing his trust in the platform. However, trouble arose when he attempted to withdraw his funds, only to find himself unable to do so. Upon contacting the company, he was allegedly persuaded that additional payments were required to unlock his money.

Trusting the assurances given, Vinod continued making payments, transferring a total of ₹20.17 lakh to various bank accounts linked to the company until December 24. The complaint alleges that the operators of PML Max and PML PRO deceived him by falsely promising substantial returns on stock market investments.

A case has been registered at the Manipal Police Station, and an investigation is underway.

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