Business
Sensex tanks 870 points as Ukraine crisis continues to roil global markets
The stock benchmark Sensex opened around 870 points lower on Monday, dipping below the 55,000 mark, in line with softening global sentiment as a deepening Russia-Ukraine crisis.
The 30-stock BSE Sensex was down 869.33 points or 1.56% to 54,989.19 in early trade, while the NSE Nifty was down 233.80 points or 1.40% to 16,424.60.
All Sensex stocks fell except PowerGrid, Tata Steel and Sun Pharma.
The 30-stock BSE Sensex rose 1,328.61 points, or 2.44%, to 55,858.52 after a seven-day losing streak on Friday. Likewise, the broader NSE Nifty was up 410.45 points, or 2.53 per cent, at 16,658.40.
For the week, the Sensex lost 1,974 points or 3.41% and the Nifty lost 618 points or 3.57%.
Click here for full coverage of the Ukraine war
Russian President Vladimir Putin has placed its nuclear forces on high alert in response to what he called “aggressive statements” by major NATO powers in the Ukraine conflict amid a sharp escalation in tensions in Eastern Europe.
Foreign institutional investors sold another £4,470.7 billion worth of shares in Indian capital markets on Friday amid the Ukraine crisis, stock market data showed.
Asian stocks were mostly lower on Monday afternoon, lagging behind the deepening geopolitical crisis in Eastern Europe.
Oil prices, which have been rising since Russia’s invasion of Ukraine, surged again on Monday on concerns about supply disruptions. Brent crude futures rose more than 5% to $99.61 a barrel.
Complete News Source : Hindustan Times
Business
Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise
%20(3).jpg "Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise")
Tributes continue to pour in for Ratan Tata, with Virat Kohli and Jay Shah taking to their social media accounts to bid farewell to the industrialist.
Former Indian captain and batting legend Virat Kohli paid a touching tribute to Ratan Tata, the legendary business tycoon, who passed away on Wednesday night. Tata, a Padma Vibhushan recipient, was undergoing treatment in intensive care since Monday but breathed his last in Mumbai, leaving a profound impact on many across the nation.
Kohli expressed his condolences through his Instagram account on Thursday morning, sharing a heartfelt message along with a photo of the late industrialist.
Tata’s contribution to business, society, and philanthropy has been widely acknowledged, and his passing marks the end of an era.
The Board of Control for Cricket in India (BCCI) secretary, Jay Shah, also conveyed his sorrow, stating, “Deeply saddened by the loss of Shri Ratan Tata Ji. His leadership, integrity, and dedication to society set a remarkable standard for legacy. My heartfelt condolences to his loved ones. Rest in peace, Sir.” Shah’s words reflect the collective grief of a nation that has long admired Tata’s contributions to the country.
BCCI’s tribute
Additionally, the BCCI issued a statement about his demise.
“The BCCI expresses its deepest sorrow and joins the nation in mourning the passing of Shri Ratan Tata ji. His invaluable contributions across diverse fields have been instrumental in shaping India’s growth and success story.
His extraordinary legacy, founded on the principles of passion, empathy, visionary leadership, innovation, and excellence, will continue to inspire and guide future generations for years to come,” the statement read.
Ratan Tata, born on December 28, 1937, in Mumbai, embarked on his journey with the Tata Group in 1962 as a young executive. Over the decades, he transformed the group into a global conglomerate. His work was acknowledged with India’s second-highest civilian honour, the Padma Vibhushan, in 2008, and he received numerous accolades, including honorary doctorates from prestigious institutions in India and abroad.
Tata is survived by his family, including brothers and sisters Simone Tata, Jimmy Tata, Noel Tata, Aloo Tata, Shireen Jejeebhoy, Deanne Jejeebhoy, Leah Tata, Maya Tata, Neville Tata, Manasi Tata, Jamset Tata, Tiana Tata, and others, as mentioned in a family statement.
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