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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.

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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.

Entertainment

Usha Nadkarni reflects on living alone at 80, abusive childhood and sacrifices behind her acting career

Veteran actor Usha Nadkarni reflects on living alone since 1987, her abusive childhood, motherhood and the struggles behind her successful acting career.

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Veteran actor Usha Nadkarni, known for her memorable performances in Marathi and Hindi films, television and theatre, has opened up about the personal struggles that shaped her life. From surviving an abusive childhood to living alone for decades and balancing motherhood with a demanding acting career, the 80-year-old actor shared intimate details of her journey in recent and past interviews.

Despite the hardships, Nadkarni says she continues to work and live independently in Mumbai while embracing the life she has built over nearly seven decades in the entertainment industry.

Usha Nadkarni says she has lived alone since 1987

Speaking in a recent interview with Rajshri Marathi, Nadkarni revealed that she has been living alone since 1987. With her son now settled overseas and her siblings no longer alive, she has gradually become comfortable with solitude.

She recalled that she initially feared staying alone and would ask the building’s security guard to accompany her to her apartment. Over time, however, those fears disappeared.

The veteran actor also spoke candidly about ageing and mortality, saying she occasionally thinks about death because she lives alone but does not fear it. She added that she believes death comes differently for everyone and has accepted that reality.

Her son was raised by her mother during her busiest years

Nadkarni also reflected on her personal life, sharing that she separated from her husband many years ago. She said there is no bitterness between them and that she has maintained cordial relations with his family over the years.

She explained that her son spent much of his childhood with her mother while she remained occupied with Marathi theatre and acting commitments. In an earlier interview, she had revealed that he also stayed at her brother’s house because it offered more space.

Looking back, Nadkarni shared that her son still tells her she only gave birth to him and that his real mother was actually his grandmother, who raised him during those formative years.

Actor recalls growing up with a violent father

Nadkarni has also spoken publicly about the difficult environment in which she grew up. She described her father, an Air Force officer, as a man with a violent temper whose anger often left the family frightened.

According to the actor, even minor household matters, such as an untidy newspaper or improperly arranged schoolbooks, could trigger angry outbursts.

She also recounted an incident in which she tried to protect her brother from being beaten and was injured on her arm after her father attacked her with a curved farming blade. Despite the injury, she went ahead with a stage performance the following day.

Family opposed her dream of becoming an actor

The actor said her passion for acting began in childhood, but pursuing that ambition was far from easy.

She recalled first confiding in her mother, hoping for support, but instead faced strong opposition. According to Nadkarni, her mother threw her belongings out of the house, forcing her to stay with a friend for nearly a week before eventually returning home.

Reflecting on those years, she said societal opinions did not stop her from following her dream. Nadkarni noted that she first performed on stage while studying in the fourth standard and continues acting even at the age of 80.

Career built on determination

Over nearly 70 years, Usha Nadkarni has established herself as one of the most respected actors in Marathi and Hindi entertainment.

She has previously acknowledged that there were periods when she accepted projects primarily for financial reasons, even when she felt she was not receiving the professional respect she deserved. Despite those challenges, she has continued to remain active in films, television and theatre, building a career defined by perseverance and resilience.

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Entertainment

Veteran actor Pradeep Rawat, known for Ghajini and Lagaan, dies at 74 after cancer battle

Veteran actor Pradeep Rawat, celebrated for his roles in Ghajini, Lagaan and Mahabharat, died at the age of 74 while undergoing treatment for cancer.

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Veteran actor Pradeep Rawat, best known for his performances in Ghajini, Lagaan and the television epic Mahabharat, died on Tuesday evening while undergoing treatment for cancer. He was 74.

Rawat breathed his last at around 6 pm. He had initially been admitted to Kokilaben Dhirubhai Ambani Hospital in Mumbai before being shifted to a cancer hospital in Bhiwandi around 10 days ago for further treatment. He is survived by his wife and son, Vikramaditya.

Yashpal Sharma pays tribute

Actor Yashpal Sharma paid tribute to Pradeep Rawat through a post on his Instagram handle following the veteran actor’s demise.

Career spanning more than three decades

Pradeep Rawat built a successful acting career across Hindi, Telugu, Tamil, Kannada and Malayalam cinema over more than three decades.

He gained widespread recognition for portraying the ruthless antagonist in the 2005 Tamil film Ghajini. The performance earned him the opportunity to reprise the same role alongside Aamir Khan in the Hindi remake released in 2008.

Before Ghajini, Rawat had shared screen space with Aamir Khan in the 2001 film Lagaan.

Many television viewers also remember him for portraying Ashwatthama, the son of Dronacharya, in BR Chopra’s iconic television series Mahabharat. Although he made his film debut with Meri Jung in 1985, the television role brought him widespread recognition.

Memorable performances across languages

Throughout his career, Rawat appeared in several notable films, including Sarfarosh, The Hero: Love Story of a Spy, Stalin, Veeram, 1: Nenokkadine, Loukyam, Nenu Sailaja, Sarrainodu, Nene Raju Nene Mantri, Aayirathil Iruvar, Market Raja MBBS and Miss Match.

A significant milestone came with SS Rajamouli’s Sye (2004), which marked his debut in Telugu cinema.

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India News

Nana Patole’s feet-washing video sparks BJP attack, Congress leader responds

A Guru Purnima video showing Congress leader Nana Patole’s feet being washed has sparked a political controversy in Maharashtra, drawing criticism from the BJP and a strong response from Patole.

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A video showing senior Congress leader Nana Patole’s feet being washed during a Guru Purnima event has triggered a political controversy in Maharashtra, with the BJP criticising the ritual and the Congress leader defending it as a family tradition.

The viral clip shows Mr Patole seated on a sofa while two men wash his feet, shower flowers on him and place fruits near his feet as part of the ceremony. The incident quickly drew attention on social media and prompted sharp reactions from political leaders.

BJP calls it ‘Congress culture’

Reacting to the video, Maharashtra minister and BJP leader Chandrashekhar Bawankule said the incident reflected the “culture of Congress leaders”.

He said such acts only invite criticism and negative publicity, adding that Congress leaders should learn from similar controversies instead of repeating them.

Nana Patole defends Guru Purnima ritual

Responding to the criticism, Mr Patole rejected the allegations and said he neither instructed nor compelled anyone to perform the ritual.

According to the Congress leader, the ceremony took place on Guru Purnima when two younger members of his family voluntarily chose to honour him as their Guru.

He said they insisted on performing the ritual as a mark of respect.

Congress leader hits back at BJP

Mr Patole also countered the BJP’s criticism, saying the party had no authority to lecture others on culture and traditions.

In an apparent reference to the alleged Ram temple donation theft case, he remarked that those who “loot donation funds” should not advise others on cultural values.

The exchange has added to the political sparring between the BJP and the Congress in Maharashtra, with the viral video continuing to generate debate on social media.

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