English हिन्दी
Connect with us

Trending

Man’s forgotten JSW Steel shares from 1990s now worth Rs 80 crore: A lesson in patience

A man finds old JSW Steel shares his father bought forRs1 lakh in the 1990s. Now worthRs80 crore, the story highlights the immense value of long-term investing.

Published

on

A stunning story of forgotten wealth has captured the attention of Indian investors and social media users alike. A man recently discovered physical share certificates of JSW Steel purchased by his father in the 1990s for Rs1 lakh. Today, those shares are reportedly valued at a jaw-dropping Rs 80 crore, reflecting the immense long-term growth potential of stock market investments.

Power of patience: Long-term investment pays off

Investor Sourav Dutta shared this revelation on social media platform X, citing a Reddit post where the user explained how the 1990s investment had multiplied manifold. The post read, “Guy on Reddit discovered JSW shares bought by his dad in the 1990s forRs1L. Worth Rs 80Cr today. Power of buy right sell after 30 yrs.”

The story has gone viral and has resonated strongly with financial circles online. It has reignited conversations around the value of long-term investing and wealth creation through patience, compounding, and faith in quality businesses.

Social media reacts with admiration and insights

Reactions on social media were a mix of admiration and insightful commentary. One user posted, “Now, he can retire and live his life peacefully. Can even make a good business from it, a huge congratulations to him.” Another highlighted how seemingly small investments can transform with time: “People don’t realise how stock splits, bonuses and dividends add up over time, it’s magical.”

A third user offered a practical perspective: “Don’t be in a rush to sell good businesses. If fundamentals are intact, let time do the heavy lifting. This is not just investing, this is legacy creation.”

Some also pointed out that investing Rs1 lakh in the early 1990s indicated a strong financial background even back then, suggesting that the family may already have had some level of affluence.

JSW Steel’s consistent growth journey

JSW Steel Ltd, now a behemoth in India’s steel manufacturing sector, has rewarded long-term investors handsomely. With a current share price of around Rs 1,004.90 and a market capitalisation of approximately Rs 2.37 trillion, the company has maintained a strong presence both domestically and globally. The 30-year growth of its shares speaks volumes about the company’s consistent performance and investor trust.

India News

Telegram CEO Pavel Durov criticises India restriction, says leak networks shifted to other apps

Telegram founder Pavel Durov has responded to India’s temporary restriction on the platform ahead of the NEET-UG 2026 re-examination, arguing that the move affected ordinary users without stopping alleged leak networks.

Published

on

Telegram founder and CEO Pavel Durov has criticised India’s decision to temporarily restrict access to the messaging platform, arguing that the move failed to curb alleged exam leak operations and instead affected millions of legitimate users.

The restriction was imposed ahead of the NEET-UG 2026 re-examination as authorities sought to prevent the spread of leaked exam-related material and disrupt networks allegedly involved in malpractice.

In a public response, Durov said the action had inconvenienced a large number of users across India while those responsible for sharing leaked content had simply migrated to alternative platforms.

According to Durov, restricting access to Telegram did not eliminate the problem authorities were trying to address. He claimed that groups involved in distributing exam-related leaks quickly shifted their activities elsewhere, raising questions about the effectiveness of platform-specific restrictions.

The temporary curbs were announced by the government in the lead-up to the NEET-UG re-test scheduled for June 21. Officials said the move was aimed at safeguarding the integrity of the examination process following concerns about the circulation of leaked material online.

The restriction is currently expected to remain in place until June 22.

Durov also stressed that millions of Indian users rely on Telegram for communication, education, business activities and community engagement. He argued that measures targeting an entire platform can have wider consequences for users who have no connection to alleged wrongdoing.

The government’s action came amid broader efforts to prevent cheating and malpractice in competitive examinations. Authorities have been closely monitoring digital platforms and messaging services after reports that exam-related content was being circulated through online channels.

The debate has sparked discussions about how governments and technology platforms should balance examination security with access to digital communication services. While officials maintain that strong measures are necessary to protect the fairness of high-stakes examinations, critics argue that restrictions on entire platforms may not effectively stop determined offenders.

For now, Telegram remains at the centre of the discussion as authorities continue efforts to ensure a fair and secure conduct of the NEET-UG 2026 re-examination.

Continue Reading

Cricket news

India coach reacts to Vaibhav Sooryavanshi altercation, calls for better on-field conduct

India spin-bowling coach Sairaj Bahutule has commented on the post-match confrontation involving Vaibhav Sooryavanshi and a Sri Lanka A player, urging better on-field behaviour from both sides.

Published

on

Vaibhav suryavanshi123

India spin-bowling coach Sairaj Bahutule has weighed in on the controversy involving young batter Vaibhav Sooryavanshi following India A’s dramatic Super Over defeat to Sri Lanka A in the ongoing Tri-Nation Series.

The incident occurred after the match in Dambulla, where tempers flared between Sooryavanshi and Sri Lanka A cricketer Vishen Halambage. Reports indicated that comments were directed at the Indian batters as they headed back towards the dressing room after the game, leading to a heated exchange.

Video footage from the aftermath showed Sooryavanshi confronting Halambage before the two players briefly came into physical contact. Other Sri Lanka A players intervened and prevented the situation from escalating further.

Speaking about the matter, Bahutule described the episode as unfortunate and stressed that such situations can be avoided with greater discipline on the field. He expressed confidence that coaching staff from both teams would ensure similar incidents do not recur.

The coach also suggested that players on both sides should be educated about appropriate conduct during high-pressure matches, highlighting the importance of maintaining respect and sportsmanship even in intense competitive situations.

The altercation has sparked debate among cricket followers, with differing opinions emerging over the actions of the players involved. The incident came at the end of a tense contest that saw Sri Lanka A defeat India A in a Super Over after a closely fought encounter.

The young Sooryavanshi, regarded as one of India’s most promising batting talents, has attracted significant attention in recent months. However, the focus after the Dambulla match shifted from cricketing performances to player behaviour, prompting reactions from officials and coaches.

With the tournament continuing, attention is expected to return to on-field performances as both teams look ahead to their remaining fixtures.

Continue Reading

Entertainment

Kumkum Bhagya actor Sanchita Ugale dies by suicide near Mumbai at 22

Television actor Sanchita Ugale, known for Kumkum Bhagya and Wagle Ki Duniya, died by suicide at her residence near Mumbai. Police have launched an investigation.

Published

on

Sanchita Ugale

Television actor Sanchita Ugale, known for her appearances in Kumkum Bhagya, Wagle Ki Duniya and Dilwali Dulha Le Jayegi, died by suicide at her residence in Nalasopara East near Mumbai on June 14. She was 22.

According to police officials, the incident took place at her home in Achole village, Nalasopara East. Authorities said Ugale had locked herself inside her bedroom and was later found hanging from a ceiling fan. Family members and local residents rushed her to a hospital, where doctors declared her dead.

Police have registered an Accidental Death Report (ADR) and launched an investigation into the circumstances surrounding her death. Officials said inquiries are underway and the exact reason behind the incident has not yet been established.

Career across television, OTT and films

Ugale had built a growing presence in the entertainment industry through television, streaming projects and films. Apart from Kumkum Bhagya and Wagle Ki Duniya, she played a lead role in Dilwali Dulha Le Jayegi. She also appeared in OTT projects such as Crime Aaj Kal and Silence 2.

The actor was also associated with the film Chhaava, which contributed to her growing recognition among audiences.

Last social media post draws attention

Following news of her death, social media users shared and commented on Ugale’s final Instagram post, which had been uploaded hours before the incident. The post showed the actor in traditional attire lip-syncing to a classic Bollywood song. Fans expressed shock and grief after learning of her death.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com