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Wednesday, April 9, went sour for Indian investors as the stock markets painted a dismal picture, plummeting even after the Reserve Bank of India (RBI) reduced the repo rate by 25 basis points to 6 percent—the second reduction this year—and shifted its stance to ‘neutral’ from ‘accommodative.’ The move, intended to give some impetus to the economy, instead spooked nerves, leaving the Sensex reeling by 554 points to an intra-day low of 73,673.06 and the Nifty50 declining 179 points to 22,356.60.
The overall market wasn’t spared the gloom either, with Nifty Midcap and Smallcap indices losing more than 1.5 percent each. RBI Governor Sanjay Malhotra, revealing the Monetary Policy Committee’s (MPC) unanymous verdict, clarified that the cut was to support growth, while the neutral stance provided room to adjust rates up or down as the economy unfolds—a break from the growth-first accommodative stance.
However, this move triggered a spate of selling, with rate-sensitive pockets like Nifty Realty and PSU Bank falling more than 1.5 percent and Nifty Bank and Financial Services sliding about 0.5 percent. Nifty IT lost 3 percent, hit by US economic fear and tariff concerns, while Nifty Metal and Pharma lost 2 percent each. Defying the trend, Nifty FMCG went up by 1 percent as investors took shelter in staples such as Nestle and HUL, which joined PowerGrid, M&M, and ITC as Sensex gainers, while Tech Mahindra, Infosys, HCL Tech, Tata Steel, and Eternal pulled the index into the red.
Shruti Chaturvedi, founder of Indian business ventures India Action Project and Chaaipani, was subjected to a terrifying eight-hour detention at Alaska’s Anchorage airport after a power bank labeled “suspicious” in her bag. In a Wednesday morning raw X post, she described what she referred to as her “worst” encounter, relating how U.S. security removed her warm clothing, locked her up in a cold room, and subjected her to interrogation by the police and FBI— even denying her a telephone call. Chaturvedi documented being “physically checked” by a male officer, prevented from using a restroom, and having her phone and wallet confiscated, causing her to miss a flight. Her anger spilled over onto social media, graphically describing an experience that left her shaken and highlighting the sometimes Kafkaesque reality of international travel security for Indians overseas.
Relief swept over Andhra Pradesh Deputy Chief Minister and actor Pawan Kalyan’s fans on Tuesday evening when he posted that his youngest son, Mark Shankar Pavanovich, is “gradually recovering” after a harrowing school fire in Singapore. During the day, the eight-year-old suffered burns to his hands and legs, as well as respiratory distress due to inhaling smoke, during a fire at a shophouse on River Valley Road.
The Singapore Defence Force and firemen put out the blaze, though at the cost of injuring some children and adults, including Mark, before the fire was extinguished. In a sincere statement, Pawan appreciated the support by thanking for a call from PM Narendra Modi that “gave courage,” in addition to help from the High Commissioner and a call from CM Chandrababu Naidu. “Mark Shankar is slowly getting better because of these kind-hearted wishes and blessings,” he said, thanking politicians, actors, and devotees who performed poojas for his son’s recovery, making a tense day one of guarded optimism.
A storm is in the making for Indian students in the U.S. as a fresh Congressional bill targets to abolish the Optional Practical Training (OPT) program, which allows foreign graduates to remain employed for three years after studies. The plan, one of Donald Trump’s hardline immigration promises, has sent shockwaves among the 331,602 Indian students studying in 2023-2024—a 23 percent increase according to the Open Doors 2024 report—particularly the 97,556 on OPT, a 41 percent increase.
For STEM students, OPT is a lifeline to build experience and transition to H-1B visas, usually supported by tech giants. Now, with mass deportations and visa crackdowns on the horizon, panic is setting in. Students are racing to find H-1B-eligible employment, worried that the loss of a program that previous attempts to kill have been unable to bring down—this time, however, the anti-immigrant wave seems more powerful, casting a shadow over their American aspirations.
A high-profile mission was played out as three top National Investigation Agency (NIA) officials, accompanied by three intelligence officials, arrived in the U.S. on Sunday to take Tahawwur Rana into custody, a prime suspect in the 26/11 Mumbai terror attacks that claimed 166 lives. The team, led by Inspector General Ashish Batra, accompanied by Deputy IG Jaya Roy and a deputy SP, moved after the U.S. Supreme Court had on January 21 rejected Rana’s extradition stay. According to sources, a ‘surrender warrant’ sanctioned their action, and after returning to India, Rana—already lodged in Los Angeles’ Metropolitan Detention Center—will undergo questioning at NIA’s Delhi headquarters under stringent security.
Tihar Jail is getting ready to allot a high-security cell with CCTV and toilet facilities to the 64-year-old Pakistani-origin suspect, connected with Lashkar-e-Taiba’s David Coleman Headley. A January visit was postponed by U.S. document reviews, though this time, the transfer seems close at hand.
The Bombay High Court plunged into a simmering controversy on Tuesday, issuing notice to Mumbai Police and Shiv Sena MLA Murji Patel against comedian Kunal Kamra’s attempt to set aside an FIR charging him with calling Maharashtra Deputy CM Eknath Shinde a “traitor.” Justices Sarang Kotwal and S M Modak fixed April 16 as the date of hearing, according to PTI, as Kamra’s counsel contended that his satirical taunt on the show Naya Bharat is covered by free speech protections of Articles 19 and 21. Three summons notwithstanding, Kamra has evaded face-to-face interrogation, providing video statements instead, citing safety concerns.
“Neither is it a case of murder—it’s a comedy,” his lawyer informed the court, mentioning authorities’ insistence on his presence in person despite offers of cooperation. Filed on April 5, the petition questions the validity of the FIR, pitting humor against political wrath in a constitutional battle.
Union Minister Ashwini Vaishnaw unveiled a modern new Aadhaar app on X Tuesday, promising to transform the way Indians use their digital ID. Developed with the Unique Identification Authority of India (UIDAI), the app features real-time face ID recognition and QR code scan verification, eliminating the requirement for physical cards or photocopies.
Vaishnaw, advertising it on X, compared its simplicity to a UPI transaction—scan and leave. No more rummaging around for paper at airports, shops, or hotels; the app, secure and consent-based, keeps your information digital and secure. “100 per cent digital and secure,” he stated, as it is nearing the completion of beta testing for a rollout across the country, marking a paperless era for Aadhaar’s billion-strong user base.
With tensions in US-China trade heating up, China’s Indian embassy issued a audacious appeal on Tuesday, urging New Delhi to join forces with what it branded “US tariff abuse” as Trump increased the duty on Chinese products to a record 104 percent total tariff rate. Chinese embassy spokesperson Yu Jing resorted to X, bragging of China’s financial solidity, innovativeness, and 30 percent share of world growth as a besieged champion of globalization.
Describing India as a natural ally being the world’s greatest developing countries, she claimed that their “complementary and mutually beneficial” trade relationship had the potential to neutralize U.S. unilateralism. “Trade wars have no winners,” she cautioned, urging a WTO-initiated multilateral counterattack—a call that falls on sympathetic ears as global markets wait with bated breath for the consequences of this growing economic shootout.
Ghaziabad’s stamp and registration office achieved an all-time high ₹2,856 crore for 2024-25, registering 1.31 lakh property registries—92 percent of its target ₹3,104 crore—Tuesday, officials said. Hubs such as Raj Nagar Extension, Crossings Republik, and Wave City powered the rush, ahead of oversaturated trans-Hindon belts. Higher than the 122,335 registries and ₹2,549 crore of 2023-24, and 107,334 at ₹2,258 crore in 2022-23, this year’s collection indicates whopping urbanization.
Assistant IG Pushpendra Kumar credited a 5 percent stamp duty, plus a 2 percent levy channeled to development agencies for local projects. With the Master Plan 2031 eyeing expansion in Loni, Modinagar, and Muradnagar, officials predict even bigger gains in 2025-26 as Ghaziabad’s skyline keeps rising.
Tuesday evening in Chandigarh was abuzz with IPL drama as Punjab Kings were able to win by 18 runs over Chennai Super Kings, owing to novice opener Priyansh Arya’s scorching 103 off 42 balls. Punjab were charged to a record-breaking 219/6 at the venue, despite losing six members of their team until the eighth over, with Arya’s batsmanship leaving a formidable task.
CSK’s chase flickered with Devon Conway’s 69 off 49 (retired out), Rachin Ravindra’s 36 off 23, and Shivam Dube’s 42 off 27, but MS Dhoni’s late fireworks couldn’t bridge the gap, finishing at 201/5. It marked CSK’s fourth loss in five games, while Punjab notched their third win in four, showcasing Arya’s promise and a bowling unit that held firm under pressure.
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