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Sensex, Nifty plunge amid global turmoil

The pervasive risk aversion in international markets kept the dollar in high demand, adding further pressure on the rupee.

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Sensex crashes over 1,000 points amid Trump tariff fears

The Indian equity markets nose-dived dramatically today, mirroring the upheaval in global markets. In the opening session, the Nifty and Sensex indices plunged sharply, sending shockwaves through the financial community.

The Sensex lost 2,600 points to end at 78,385.49, while the Nifty lost 463.50 points to close at 24,254.20. Critical indices, the Nifty 50 and S&P BSE Sensex were brought to an abrupt end from their record 14-year winning streak, amid a massive fall in information technology stocks. Investors scurried for cover as a global selloff was seen after below-expected economic data was released from the US.

At the same time, the rupee opened on a tepid note and fell to an all-time low of 83.80 against the US dollar. The pervasive risk aversion in international markets kept the dollar in high demand, adding further pressure on the rupee.

Friday’s after-market economic data revealed that the growth of jobs in the US had slowed more than expected in July. Slowing employment growth raises fear of an impending slowdown in the economy and further deteriorates already fragile sentiment.

Not forgetting the US presidential elections, to be held in November, is likely to keep investors away. The political uncertainty of the election added to the volatility of current market conditions.

Notably, global investors are also watching developments in the Middle East, where tension is escalating following reports that an Israeli assassination team killed one of Hamas’ top leaders, Ismail Haniyeh, in Tehran. This has added to the geopolitical uncertainties and piled on the market’s woes.

Among the losers at the BSE were Tata Motors, Tata Steel, JSW Steel, Adani Ports, Maruti, and Reliance Industries. These companies bore the brunt of the market selloff, reflecting the wide breadth of investor anxiety.

Sun Pharma and Hindustan Unilever, however, traded in green and offered a ray of hope to the market when most other stocks were getting mauled.

 Investors are still sizing up the aftermath of this turmoil on their portfolios and are hence very cautious. Uncertainty, which characterizes the present climate, has induced a state of high alert in investors, who are watching the situation with bated breath for any new developments that may further influence investment decisions.

The mix of weak economic indicators, political uncertainties, and spiraling tensions in geopolitics created a perfect storm for the markets to make investors cautious and alert. Given these choppy waters, whose focus remains on preserving capital and mitigating risks, many take a wait-and-see approach until clearer signals emerge.

India News

Who is Srikanth Bolla? Meet the visually impaired entrepreneur on Shark Tank India

Entrepreneur Srikanth Bolla joins Shark Tank India as a judge. From overcoming visual impairment to leading a multi-million-dollar company, his journey is inspiring.

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Srikanth Bolla, Shark Tank India, Bollant Industries, entrepreneurship, visually impaired entrepreneur, Ratan Tata, Rajkummar Rao, Srikanth movie, startup India, business reality show

Shark Tank India, the popular business reality show, has introduced a new judge to its panel—Srikanth Bolla. The visually impaired entrepreneur and CEO of Bollant Industries recently shared his excitement about joining the show, emphasizing how entrepreneurship in India has been positively impacted by the platform.

In a social media post, Bolla expressed his enthusiasm, stating, “To survive a pool of sharks, you need to become one yourself.” .” In his recent post, Shark Tank new judge also highlighted how the experience reinforced the importance of taking action on ideas rather than just thinking about them.

Who is Srikanth Bolla?

Srikanth Bolla is an accomplished Indian industrialist, co-founder, and chairman of Bollant Industries Private Limited. Despite being visually impaired since birth, he became the first blind student to study at the Massachusetts Institute of Technology (MIT), specializing in Management Science at the Sloan School of Management.

With Bollant Industries achieving an annual turnover exceeding $150 million, the company provides employment to over 500 individuals, including people with disabilities.

Early life and challenges

Born on July 7, 1991, in Seetharamapuram, Machilipatnam, Andhra Pradesh, Srikanth Bolla hails from a humble Telugu family. His parents, who were farmers with no formal education, faced difficulties in ensuring proper educational opportunities for him.

Despite scoring 98% in his Class XII board exams, he struggled to gain admission to engineering institutes. Undeterred, he took legal action and won a six-month-long court battle to pursue higher education. However, coaching institutes refused to admit him for IIT entrance preparations due to his visual impairment.

Achievements and career milestones

Srikanth Bolla has been a youth leader since 2005 and was an active member of Lead India 2020, a national youth movement initiated by former President A.P.J. Abdul Kalam.

In 2011, he co-founded Samanvai Center for Children with Multiple Disabilities and launched a Braille printing press to assist visually impaired students.

Recognizing his impact, Forbes included him in its prestigious ’30 under 30′ list for Asia in 2017.

Bollant Industries and entrepreneurial success

Bolla established Bollant Industries in 2012 alongside co-founder Ravi Mantha. The company, backed by industrialist Ratan Tata, specializes in manufacturing areca-based eco-friendly products. Additionally, it provides sustainable solutions by recycling municipal waste, plastic waste, and paper, ensuring employment for disabled individuals.

Srikanth Bolla’s story on the silver screen

Srikanth Bolla’s remarkable journey has been adapted into a Bollywood biopic titled Srikanth, starring Rajkummar Rao in the lead role. His inspiring life story continues to motivate aspiring entrepreneurs and individuals overcoming adversities.

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India News

PM Modi says every noble attempt for peace with Pakistan met with hostility, betrayal

Modi also expressed empathy for the people of Pakistan, stating that they too must yearn for peace, tired of living amidst strife, unrest, and relentless terror.

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Prime Minister Narendra Modi, in a candid podcast with Lex Fridman released on Sunday, March 16, expressed his disappointment over Pakistan’s response to India’s peace initiatives, stating that every attempt to improve bilateral ties was met with hostility and betrayal. He expressed hope that wisdom would prevail among Pakistan’s leadership to choose the path of peace.

Recalling his early efforts to mend relations, Modi mentioned inviting then-Pakistani Prime Minister Nawaz Sharif to his swearing-in ceremony in 2014 as a gesture of goodwill. “It was a diplomatic gesture unlike any in decades. Even those who questioned my foreign policy approach were surprised. Our former President Pranab Mukherjee beautifully captured this historic moment in his memoir,” Modi said.

However, he lamented that the desired outcome was not achieved. “Every noble attempt at fostering peace was met with hostility and betrayal. We sincerely hope that wisdom prevails upon them, and they choose the path of peace,” he added. Modi also expressed empathy for the people of Pakistan, stating that they too must yearn for peace, tired of living amidst strife, unrest, and relentless terror.

On U.S.-India relations and President Trump

Modi also spoke about his strong bond with U.S. President Donald Trump, describing him as a leader who prioritizes national interests, much like himself. He praised Trump’s courage and decisiveness, recalling how the U.S. President sat among the audience during the ‘Howdy Modi’ event in Houston in 2019 while Modi addressed the crowd.

“That was his humility. The President of the United States sitting in the audience while I spoke from the stage—it was a remarkable gesture,” Modi said. He also shared a memorable moment when Trump agreed to walk through the packed stadium to greet the audience, despite concerns from his security team. “His entire security detail was thrown off guard, but that moment showed his courage and trust in me. It was a testament to the strong bond between us,” Modi added.

Reflecting on Trump’s resilience, Modi highlighted the U.S. President’s dedication to his country, even after being shot during the election campaign last year. “Even after being shot, he remained unwavering in his commitment to America. His ‘America First’ spirit resonates with my ‘India First’ approach. That’s why we connect so well,” Modi said.

He also commended Trump’s preparedness in his second term, noting that the U.S. President has a clear roadmap and a capable team to implement his vision. Modi mentioned meeting key members of Trump’s administration, including Vice President J.D. Vance, Director of National Intelligence Tulsi Gabbard, entrepreneur Vivek Ramaswamy, and tech mogul Elon Musk.

Modi emphasized that politicians are often perceived through the lens of media coverage, which can create misunderstandings. “People rarely get the chance to truly meet or personally know one another. Perhaps third-party intervention is the real cause of tensions,” he said, advocating for direct engagement and mutual understanding among global leaders.

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Entertainment

Tom Cruise and Ana de Armas spotted together again, reigniting dating rumors

Tom Cruise and Ana de Armas were seen together for the second time in London, adding fuel to ongoing romance speculation. The Hollywood stars have yet to address the dating rumors.

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Tom Cruise, Ana de Armas, Hollywood actors, celebrity dating rumors, London Heliport, entertainment news

Hollywood actors Tom Cruise and Ana de Armas have once again sparked romance rumors after being seen together in London. The duo was spotted arriving at the London Heliport on the evening of March 14, marking their second public outing in recent weeks.

According to reports, the two actors appeared relaxed and comfortable in casual attire, engaging in lively conversations and laughter with the heliport staff. Their recent joint appearances have intensified speculation about a possible romantic relationship.

Tom and Ana’s growing closeness

The romance rumors initially began circulating over Valentine’s Day weekend last month when Tom and Ana were first photographed together. The duo was seen walking through London’s Soho neighborhood, with Ana carrying takeout food. They also stopped to interact with fans and pose for photographs, further fueling dating speculations.

Neither Tom, who has been filming a movie in England directed by Alejandro G. Iñárritu, nor Ana have addressed these rumors. In a recent encounter with Spanish media in Madrid, Ana declined to comment when asked whether her outing with Tom was personal or work-related.

Past relationships and media interest

Ana de Armas has been linked to Tinder executive Paul Boukadakis in 2023 and previously dated actor Ben Affleck from 2020 to 2021. Tom Cruise, on the other hand, has maintained a relatively private personal life in recent years.

As of now, representatives for both actors have not responded to requests for comments on their relationship status. However, their recent outings together continue to keep fans and media buzzing with speculation.

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