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As Maharashtra gears up for its high-stakes assembly elections on November 20, political dynamics are anything but stable. The upcoming polls, set to determine the fate of the 288-member assembly, come after a turbulent five years marked by party splits, new alliances, and shifting loyalties. With six key players competing for influence and a spirited opposition raring for a showdown, the election promises to be a fascinating battle for the heart of India’s second-largest state legislature.

A State Divided: The Fallout of Party Splits

The political landscape in Maharashtra has undergone a seismic shift since the last assembly elections in 2019. The collapse of the pre-poll alliance between the Shiv Sena and BJP over the chief ministerial post set off a chain reaction that saw three different governments, including a short-lived three-day regime. The formation of the Maha Vikas Aghadi (MVA) coalition under Uddhav Thackeray, comprising the Shiv Sena, Congress, and the Nationalist Congress Party (NCP), was a historic break from traditional rivalries.

However, the MVA’s fall from power in June 2022 following a rebellion within the Shiv Sena fractured the state’s political unity. Eknath Shinde, who led the rebellion, succeeded Thackeray as Chief Minister with the backing of the BJP, marking yet another twist in Maharashtra’s political saga. Adding to the complexity, the NCP split in 2023, with Ajit Pawar joining the ruling alliance while Sharad Pawar retained control over the original faction. These divisions have left Maharashtra with six major political contenders: BJP, Shiv Sena, NCP (Ajit Pawar), Congress, Shiv Sena (Uddhav Balasaheb Thackeray), and NCP (Sharad Pawar).

Mahayuti vs. MVA: A Battle for Political Dominance

The upcoming polls will pit the ruling Mahayuti alliance, consisting of the BJP, Shinde’s Shiv Sena, and Ajit Pawar’s NCP faction, against the opposition MVA, which includes Congress, Shiv Sena (UBT), and Sharad Pawar’s NCP. The Mahayuti government is betting big on its flagship Ladki Bahin Yojana scheme, which promises a monthly stipend of ₹1,500 for economically disadvantaged women. The scheme aims to cover 2.5 crore beneficiaries across the state, targeting nearly half of Maharashtra’s 4.5 crore women voters.

Despite the Mahayuti’s efforts to win over voters with welfare measures, the opposition is not pulling any punches. Congress leader Ratnakar Mahajan has pointed out the ruling alliance’s struggles, including a perceived erosion of BJP’s voter base and unresolved issues like agrarian distress, unemployment, and inflation. The Maratha quota agitation, which dented the ruling bloc’s performance in the recent Lok Sabha polls, remains a contentious topic and is likely to sway voters once more.

Maratha Quota and Law & Order: Key Election Issues

With the Maratha quota demand resonating among a significant voter base, both alliances will need to navigate this complex issue carefully. The murder of former state minister and NCP leader Baba Siddique on Dussehra (October 12) has also brought law and order concerns to the forefront, with the opposition targeting Home Minister Devendra Fadnavis for failing to maintain public safety. Meanwhile, the collapse of the Chhatrapati Shivaji Maharaj statue in Sindhudurg district has added another layer of criticism against the government.

In the past fortnight alone, the Shinde administration has made over 1,500 decisions, including around 160 cabinet-level resolutions, in a bid to showcase its governance capabilities. Noteworthy measures include a toll waiver for light motor vehicles at Mumbai’s entry points, yet the opposition continues to question whether these last-minute efforts will be enough to win over voters.

The Stakes: A Fragmented Political Battlefield

The 2019 Maharashtra assembly polls saw the BJP emerge as the single largest party with 105 seats, while its then-ally Shiv Sena secured 56 seats. The Congress and NCP contested 125 seats each, winning 44 and 54, respectively. However, the political landscape has since transformed dramatically, with major splits and realignments setting the stage for a fragmented fight. This year’s election will not only test the strength of alliances but also the ability of parties to transfer votes across their factions and stay united amid ideological and personal differences.

The recent Lok Sabha elections delivered a jolt to the ruling alliance, which managed to win just 17 out of 48 seats, while the MVA clinched 30. Yet, state-level elections are a different political ball game. Local issues often take center stage, and the results could defy expectations. As the state prepares for a riveting contest, the fragmented polity makes predicting the outcome even more challenging.

The Path Forward: A New Era in Maharashtra Politics?

November’s assembly elections are more than just a political contest; they represent a critical juncture in Maharashtra’s history. The aftermath of splits within major parties, combined with ongoing social and economic issues, suggests that this election could redefine the state’s political landscape for years to come. Whether the Mahayuti’s welfare measures can counter the MVA’s critique of governance, or if a new player emerges as a kingmaker, remains to be seen.

As voters head to the polls on November 20, one thing is certain: Maharashtra’s political chemistry is about to undergo another transformation, with the results on November 23 potentially heralding a new chapter in the state’s storied political journey.

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Today, the entire nation comes together to celebrate Vijayadashmi, also known as Dussehra, a festival symbolizing the eternal triumph of good over evil. Marking the victory of Lord Ram over the demon king Ravana, this auspicious day reminds us of the power of righteousness, justice, and moral integrity.

Vijayadashmi also brings the grand festivities of Navratri and Durga Puja to a close, blending the vibrancy of cultural traditions with spiritual significance. Across the country, effigies of Ravana are burnt, symbolizing the destruction of evil, while prayers are offered for the victory of truth and justice in all aspects of life.

President Droupadi Murmu’s Message to the Nation
On this occasion, President Droupadi Murmu extended her heartfelt greetings to the people of India. In her message, she emphasized the deeper meaning of Vijayadashmi, stating that the festival stands for the victory of justice over injustice. She highlighted the inspiring stories linked to the festival, which exemplify values such as dignity, duty, humility, and courage in the face of adversity.

President Murmu expressed her hope that this joyous celebration would bring success, prosperity, and happiness to all, fostering an atmosphere of faith, zeal, and collective well-being.

A Festival of Hope and Renewal
Vijayadashmi is not just about the historical and mythological significance; it’s a reminder to each of us to strive towards betterment in our daily lives. The day inspires everyone to reflect on the values of truth, compassion, and justice while promoting unity, peace, and harmony across communities.

As India celebrates Vijayadashmi today, may the victory of good over evil in the epic tale of Ramayana continue to inspire us to lead lives of integrity and righteousness.

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In the final T20I against Bangladesh in Hyderabad, India is set to chase a series sweep while evaluating the performance of promising second-line players. Having already clinched the series 2-0 with victories in Gwalior and New Delhi, the team under Gautam Gambhir is hungry for another win. A clean sweep would nicely complement their 2-0 margin in the preceding Test series.

Beyond the series victory, the Indian squad is focused on finalizing their white-ball lineup in preparation for major tournaments like the Champions Trophy. With numerous important fixtures ahead, the team is keen on identifying backup options for their frontline players.

Gambhir’s management is particularly interested in assessing the readiness of bowlers like Mayank Yadav, who returned from injury, and spinner Varun Chakravarthy, who recently took three wickets in his first match in three years. The progress of Nitish Kumar Reddy, who impressed in the Delhi T20 with a quickfire 74 and a couple of wickets, will also be closely monitored.

However, the performances of openers Sanju Samson and Abhishek Sharma have raised concerns. Despite the advantage of batting at the top in T20s, Samson has recorded modest scores of 29 and 10, while Sharma has managed just 15 and 16. Their struggles have put pressure on the middle order, which previously had to recover from a shaky start.

The team management may consider giving opportunities to other players, including leg-spinner Ravi Bishnoi and all-rounder Harshit Rana, if the openers continue to falter.

On the other hand, Bangladesh is aiming to secure their first win of the tour, requiring consistent performances from senior players like captain Najmul Hossain Shanto, Litton Das, and Mustafizur Rahman, all of whom have underperformed thus far.

India’s Squad: Suryakumar Yadav (C), Abhishek Sharma, Sanju Samson (wk), Rinku Singh, Hardik Pandya, Riyan Parag, Nitish Kumar Reddy, Washington Sundar, Ravi Bishnoi, Varun Chakaravarthy, Jitesh Sharma (wk), Arshdeep Singh, Harshit Rana, Mayank Yadav, Tilak Varma.

Bangladesh’s Squad: Najmul Hossain Shanto (C), Tanzid Hasan Tamim, Parvez Hossain Emon, Tawhid Hridoy, Mahmud Ullah, Litton Kumer Das, Jaker Ali Anik, Mehidy Hassan Miraz, Shak Mahedi Hasan, Rishad Hossain, Mustafizur Rahman, Taskin Ahmed, Shoriful Islam, Tanzim Hasan Sakib, Rakibul Hasan.

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Mumbai : Renowned industrialist and philanthropist Ratan Tata passed away last night in Mumbai at the age of 86. The business icon had been undergoing treatment at a private hospital and was reported to be in critical condition. In honor of his legacy, the Maharashtra government has declared a one-day state mourning today. Ratan Tata’s final rites will be performed with full state honours, recognizing his immense contributions to India’s industry and society.

The Life Journey of Ratan Tata: A Visionary Leader

Ratan Naval Tata, born on December 28, 1937, is one of the most iconic and respected figures in Indian industry. Known for his visionary leadership, business acumen, and deep sense of social responsibility, Ratan Tata’s journey is one of triumphs, challenges, and unwavering dedication to both his company and his country.

Early Life and Education

Ratan Tata was born into the prominent Tata family, the founders of the Tata Group, one of India’s largest and most respected conglomerates. His parents, Naval Tata and Sooni Tata, separated when he was just 10 years old, and Ratan, along with his brother, was raised by his grandmother, Lady Navajbai Tata, who played a significant role in shaping his values.

He attended the Campion School and Cathedral and John Connon School in Mumbai before moving to the United States to pursue higher education. Ratan Tata earned a degree in architecture from Cornell University in 1962. Later, he attended the prestigious Harvard Business School’s Advanced Management Program, further expanding his global outlook and business knowledge.

Early Career at Tata Group

Ratan Tata’s career began modestly at Tata Steel in 1962. Despite being a member of the illustrious Tata family, he started as an ordinary employee on the shop floor of the steel division in Jamshedpur, an experience that deeply influenced his management style. This hands-on approach became one of his trademarks throughout his career.

His early roles at Tata Group involved working in various subsidiaries of the conglomerate, including Tata Motors and Tata Tea. While initially he faced challenges, particularly in transforming underperforming businesses, his persistence and vision would soon be recognized.

Taking Over the Tata Group

In 1991, Ratan Tata succeeded JRD Tata as the chairman of Tata Sons, the holding company of the Tata Group. At that time, the group was a vast collection of companies with semi-autonomous leaders, but lacked a unified vision. Ratan Tata set out to streamline the conglomerate, consolidate businesses, and bring a more cohesive structure to the group. Despite facing resistance from within the company and from external observers, he was determined to modernize the group.

His leadership was marked by bold decisions. He restructured and consolidated various companies under the Tata umbrella and emphasized innovation and globalization. Ratan Tata led the group through a series of successful mergers, acquisitions, and expansions, transforming the Tata Group into a global powerhouse.

Global Expansion and Acquisitions

One of Ratan Tata’s most defining traits was his desire to make Tata Group a global brand. Under his leadership, the group expanded internationally with several high-profile acquisitions. The most notable ones include:

  • Tata Tea’s acquisition of Tetley (2000): Making Tata Tea the second-largest tea brand globally.
  • Tata Motors’ acquisition of Jaguar and Land Rover (2008): A landmark deal that positioned Tata Motors on the global automotive stage.
  • Tata Steel’s acquisition of Corus (2007): At the time, the largest Indian acquisition of a foreign company.

These acquisitions were seen as bold moves that signaled India’s arrival on the global economic stage. While some of the deals were initially met with skepticism, Ratan Tata’s strategic vision allowed the Tata Group to integrate these companies successfully and elevate the conglomerate’s global reputation.

Philanthropy and Social Impact

Ratan Tata’s vision for Tata Group extended far beyond profits. True to the legacy of the Tata family, he emphasized corporate social responsibility and philanthropy as core values. Over 60% of the Tata Group’s profits are reinvested in charitable causes through various trusts.

Under his leadership, Tata Group companies worked on initiatives in education, healthcare, rural development, and art preservation. Ratan Tata himself has been deeply involved in numerous philanthropic efforts, such as the establishment of the Tata Trusts and Tata Education and Development Trust. He has personally funded educational scholarships and has been a key advocate for improving India’s rural infrastructure.

Tata also played a critical role in the development of India’s first indigenously manufactured car, the Tata Indica, and later the world’s cheapest car, the Tata Nano—an attempt to make affordable transportation accessible to the masses.

Leadership Style

Ratan Tata is often described as a humble, soft-spoken, and visionary leader. His leadership was rooted in ethics, integrity, and an unwavering commitment to nation-building. He was never afraid of taking risks, and his emphasis on long-term growth over short-term gains often set him apart from other business leaders.

Despite the challenges, including navigating India’s changing economic landscape, corporate battles, and the 2008 global financial crisis, Ratan Tata remained steadfast in his vision for the Tata Group.

Retirement and Continuing Legacy

Ratan Tata officially retired as chairman of Tata Sons in 2012, passing the reins to Cyrus Mistry. However, in a dramatic turn of events, Mistry was ousted in 2016, and Ratan Tata returned as interim chairman until Natarajan Chandrasekaran was appointed in 2017. Even after his official retirement, Ratan Tata continues to serve as an inspiration and mentor to many young entrepreneurs and business leaders.

He is also an active investor in startups and technology companies through his personal investment portfolio, supporting the next generation of Indian innovators.

Personal Life and Legacy

Despite his immense success, Ratan Tata has remained grounded and private about his personal life. He never married, and he has often stated that this was due to circumstances rather than choice. He is known for his love of cars, dogs, and his deep sense of responsibility toward society.

Throughout his life, Ratan Tata has received numerous awards and honors, including India’s second-highest civilian award, the Padma Vibhushan, and the Padma Bhushan. His contributions have left an indelible mark on Indian industry, and he is widely regarded as one of the most ethical and compassionate leaders in global business.

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Today marks a pivotal moment in the political landscape of Jammu & Kashmir as the counting of votes in the 2024 Assembly elections begins, following a 10-year electoral hiatus and the first election since the abrogation of Article 370. With high stakes and anticipation running high, the results will decide the formation of the new government in the Union Territory.

The elections, held in three phases on September 18, 25, and October 1, saw a voter turnout of 63.88%, as per the Election Commission of India. This is the first assembly election since the historic revocation of Jammu and Kashmir’s special status in August 2019, which resulted in the bifurcation of the state into the Union Territories of Jammu & Kashmir and Ladakh.

Political heavyweights are in a tight contest, with the Bharatiya Janata Party (BJP) aiming for a solo victory, while the Congress-National Conference (NC) alliance looks to secure a majority. This is a significant election for the region, as it will establish the first full-fledged government after years of President’s Rule and administrative control.

A Fierce Battle for Power

The election has seen the Congress and the National Conference (NC) teaming up to contest the elections together, in contrast to the People’s Democratic Party (PDP) and BJP, who decided to go their separate ways this time. The BJP’s decision to part ways with the PDP in 2018 led to the fall of Mehbooba Mufti’s government and brought the region under Governor’s Rule, a situation that has persisted since then.

Now, with a revamped political landscape, all eyes are on the alliances and solo contenders, especially with predictions suggesting a strong lead for the Congress-NC alliance in a poll of polls. However, the unpredictability of Jammu and Kashmir politics makes it a nail-biting wait until the final results are declared.

A Historic Vote Post-Article 370

This election holds tremendous significance, as it marks the first electoral exercise after the abrogation of Article 370, which stripped Jammu & Kashmir of its special autonomy. The move divided the former state into two Union Territories, a decision that drastically altered the region’s political and administrative framework. The ongoing elections are not only about governance but also about setting the course for Jammu and Kashmir’s future in this new era.

What’s Next for Jammu & Kashmir?

As the counting progresses with tight security measures in place, the fate of Jammu & Kashmir’s political future rests in the hands of its voters. Will the Congress-NC alliance make history, or will the BJP secure a majority to form a government? Only time will tell, and as always, exit polls should be taken with caution. The final results, expected later today, will determine the leadership that will steer Jammu & Kashmir into a new chapter of development and stability.

Stay tuned for the latest updates as the results continue to unfold!

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In a landmark decision aimed at deepening bilateral relations, India has pledged a financial support package of over ₹6,300 crore to help the Maldives overcome its ongoing foreign exchange crisis. This announcement came following a high-level meeting between Indian Prime Minister Narendra Modi and Maldivian President Mohamed Muizzu in New Delhi, marking a significant shift in relations between the two neighboring countries.

A Renewed Partnership Amid Economic Challenges

During their discussions, both leaders emphasized the need to strengthen economic and maritime security ties. The aid package is part of a broader vision that includes a currency swap agreement worth $400 million and ₹30 billion (₹3,000 crore), aimed at addressing the immediate liquidity challenges faced by the Maldives.

This initiative is part of India’s ongoing commitment to support the Maldives during times of economic stress. Earlier this year, the State Bank of India (SBI) rolled over treasury bills worth $100 million to prevent a default on Maldivian bond payments, demonstrating India’s role as a reliable partner in the region.

Expanding Cooperation Beyond Finance

The discussions between the two leaders went beyond immediate financial support. Modi and Muizzu launched new initiatives to enhance maritime security, with India agreeing to provide radar systems and other surveillance equipment to bolster the Maldives’ maritime defense capabilities. This partnership is critical for the Maldives, which faces challenges like illegal fishing, drug trafficking, and terrorism in its vast exclusive economic zone.

Additionally, the meeting saw the launch of India’s RuPay Card in the Maldives to boost economic cooperation and tourism. The two sides also inaugurated the new runway of Hanimaadhoo International Airport, a project completed with an Indian line of credit worth $132 million.

Strengthening Defense and Security

India’s role in enhancing the Maldivian National Defence Force’s (MNDF) operational capabilities was another key highlight of the talks. India will provide defense platforms, repair a naval patrol vessel, and share expertise on hydrographic matters. A new memorandum of understanding (MoU) was also signed between India’s Rashtriya Raksha University and the Maldives’ National College of Policing and Law Enforcement to enhance cooperation in law enforcement and policing.

A New Chapter in India-Maldives Relations

This meeting represents a significant thaw in relations, which had cooled after Muizzu’s “India Out” election campaign and his efforts to bolster ties with Beijing and Ankara. The discussions, however, have led to a promising reset in bilateral ties. Muizzu, while acknowledging the Maldives’ previous stance, described India as a “true friend” and emphasized the importance of a democratic and resilient Maldives for peace in the Indian Ocean region.

As the Maldives gears up to celebrate the 60th anniversary of diplomatic relations with India in 2025, the future of India-Maldives ties looks bright. Modi has accepted Muizzu’s invitation to visit the Maldives next year, further solidifying the renewed partnership between the two nations.

This comprehensive aid package and enhanced cooperation across various sectors demonstrate India’s commitment to fostering stability and prosperity in the Indian Ocean region. With economic resilience, defense collaboration, and shared goals for regional peace, India and the Maldives are set to embark on a new chapter of cooperation and mutual growth.

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In a significant economic milestone, India’s foreign exchange reserves crossed the $700 billion mark for the first time in September 2024. The Reserve Bank of India (RBI) released this data on October 4, 2024, revealing the country’s reserves now stand at a staggering $704.885 billion. This puts India in an elite group of just four countries globally with foreign exchange reserves exceeding $700 billion, alongside China, Japan, and Switzerland.

Steady Growth in India’s Forex Reserves

India’s foreign exchange reserves have seen a remarkable rise in recent times. Compared to the previous week, the reserves increased by $12.588 billion, and since March 2024, they have surged by $58.466 billion. Even more impressive is the year-on-year growth of $117.977 billion, reflecting India’s strong economic performance and robust foreign inflows over the past year.

Key Drivers Behind the Surge

Several factors have contributed to this historic growth. A significant $30 billion in foreign inflows this year played a crucial role, particularly driven by increased investments in local bonds, following India’s inclusion in J.P. Morgan’s influential global bond index. This move has encouraged foreign investors to bet on India, boosting confidence in the country’s economic stability and growth potential.

RBI Governor Shaktikanta Das has been vocal about the importance of maintaining a strong foreign exchange buffer, which acts as a protective shield during times of market turbulence. This prudent approach has helped India navigate global economic uncertainties and ensured a robust defense against external shocks.

Looking Ahead

With this achievement, India is not resting on its laurels. The Bank of America has forecasted that India’s forex reserves may continue to rise, possibly reaching $745 billion by March 2026. This growing reserve base will further strengthen India’s position on the global economic stage and provide more financial security for the future.

India’s accomplishment in crossing the $700 billion mark is not just a reflection of a strong economic foundation but also a testament to the country’s resilience and forward-looking fiscal policies. As India continues to attract foreign investments and builds upon this momentum, the future looks bright for Asia’s third-largest economy.

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The stage is set, and the excitement is palpable as the Women’s T20 World Cup 2024 kicks off with a thrilling clash between India and New Zealand on October 4 at the Dubai International Cricket Stadium. The Harmanpreet Kaur-led Indian side will be eager to make a strong start against Sophie Devine’s White Ferns as they embark on their journey to capture their first-ever ICC title.

India’s Journey to Glory

India, placed in Group A alongside heavyweights like Australia, Pakistan, Sri Lanka, and New Zealand, have shown consistent growth in recent years. After reaching the finals in 2020 and the semi-finals in both 2018 and 2023, Team India has its sights firmly set on lifting the trophy this time around.

With the likes of Smriti Mandhana, Shafali Verma, and Deepti Sharma leading the charge, India enters the tournament with confidence, having secured back-to-back wins in their warm-up matches. The team will aim to capitalize on this momentum and bury the ghosts of past campaigns as they look to kickstart their tournament with a victory.

New Zealand’s Tough Road Ahead

New Zealand, once considered a formidable force in women’s cricket, hasn’t reached the semi-finals of the ICC event since 2014. The two-time runners-up are currently in the midst of a rough patch, coming off 10 consecutive T20I losses. However, with seasoned players like Sophie Devine, Suzie Bates, and Melie Kerr, the White Ferns will pose a tough challenge for India as they look to turn their fortunes around in this high-stakes match.

Key Players to Watch

For India, captain Harmanpreet Kaur, with her explosive batting and leadership, will be pivotal in setting the tone. Smriti Mandhana and Shafali Verma’s aggressive opening partnership will be crucial for India’s chances, while Deepti Sharma’s all-round brilliance adds balance to the side.

New Zealand will rely heavily on their captain Sophie Devine and the experience of Suzie Bates to anchor their batting line-up. The bowling attack, led by Melie Kerr and Lea Tahuhu, will need to fire to contain the formidable Indian batting.

Match Details:

  • Date: Friday, October 4, 2024
  • Time: 7:30 PM (IST)
  • Venue: Dubai International Cricket Stadium, Dubai

Where to Watch:

  • Live Broadcast: Star Sports Network (India)
  • Live Streaming: Disney+ Hotstar app and website

As both teams gear up for this much-anticipated encounter, fans around the world will be watching closely. Can India seize the momentum and continue their winning ways, or will New Zealand defy the odds to make a statement? Tune in to find out!

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Every year on October 2, India and the world pause to pay homage to one of history’s greatest leaders, Mahatma Gandhi. As we celebrate the 155th birth anniversary of Bapu in 2024, people from all walks of life are reflecting on his timeless teachings of non-violence, truth, and social justice. Gandhi’s legacy continues to inspire, guiding us in the pursuit of peace and unity.

A Wave of Tributes on Social Media

In the digital age, platforms like X (formerly Twitter) have become a powerful space for people to express their admiration and gratitude toward Gandhi’s ideals. As India marks this special day, users have flooded the platform with heartfelt tributes, celebrating Gandhi’s enduring message.

One user poignantly remarked, “The greatest human ever born on this earth. His message of truth and non-violence continues to guide us on the path of peace and unity. His sacrifice and struggle have inspired millions of lives. His life is a beacon of hope for humanity.” Another post reflected, “On this special day, let’s reflect on the power of truth and non-violence. Wishing you a Gandhi Jayanti filled with inspiration and hope.”

These sentiments encapsulate the respect and reverence people still hold for Gandhi, whose philosophy of peaceful resistance played a pivotal role in India’s fight for freedom from British colonial rule. Born in 1869 in Porbandar, Gujarat, Gandhi’s journey continues to influence not just India but the entire world.

Reviving Gandhi’s Favorite Bhajan

Another common theme circulating on X is the sharing of Mahatma Gandhi’s favorite devotional song, Vaishnav Jan To, a bhajan written by the 15th-century poet-saint Narsinh Mehta. Known for its profound message of empathy, humanity, and truth, this bhajan was a guiding light for Gandhi throughout his life.

In 2018, Prime Minister Narendra Modi launched a special medley of Vaishnav Jan To, featuring artists from over 40 countries, during the Mahatma Gandhi International Sanitation Conference in New Delhi. This global rendition of the bhajan continues to resonate deeply with people, as they remember Gandhi’s vision for a more just and compassionate world.

A Legacy That Stands the Test of Time

Mahatma Gandhi’s teachings of non-violence, tolerance, and social justice remain as relevant today as they were during his lifetime. In a world fraught with challenges—from conflicts to environmental crises—Gandhi’s philosophy serves as a reminder of the power of peaceful resistance and the enduring importance of human dignity.

As we commemorate Gandhi Jayanti this year, it’s not just about remembering the man himself but also about reflecting on the values he stood for—truth, non-violence, and justice. These principles continue to be a beacon of hope for a world in need of healing and unity.

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The Indian stock market witnessed an extraordinary rally on Thursday, September 26, as both the Sensex and Nifty 50 surged to new all-time highs. With gains driven by heavyweight automakers and select index giants, the Sensex climbed nearly 0.8% to close at a record 85,836.12, while the Nifty 50 peaked at 26,250.90 before settling at 26,216.05, up 0.81%.

Among the biggest winners were auto giants like Mahindra & Mahindra, Maruti Suzuki, and Tata Motors, with the Nifty Auto index jumping 2.26% and leading the day’s charge. At the same time, the BSE Midcap index held steady, and the BSE Smallcap index dipped slightly, reflecting the focus on large-cap stocks, which dominated trading activity. The total market capitalization of BSE-listed firms rose to ₹477 lakh crore, making investors ₹2 lakh crore richer in just one trading session.

A significant boost came from global cues, particularly China’s recent economic stimulus announcement. This move has revitalized investor sentiment, driving Asian markets higher and further lifting the Indian indices. “China’s stimulus has significantly enhanced investor confidence, creating strong positive momentum in global and Asian markets,” said Vinod Nair, Head of Research at Geojit Financial Services. He added that expectations of a recovery in corporate earnings for H2FY25, backed by anticipated government spending, also contributed to the rally.

In addition to the auto sector, stocks in sectors like FMCG, banking, and metals performed well, with ITC, Reliance Industries, and Hindustan Unilever contributing significantly to Nifty’s gains. Notably, 257 stocks, including NTPC, Bharti Airtel, Bajaj Finserv, and Sun Pharma, hit their 52-week highs in intraday trading.

On the global front, European and Asian markets were buoyed by China’s economic measures, along with news of potential rate cuts in the U.S. These factors, coupled with falling bond yields in developed economies, added to the surge of optimism. “The Indian market is scaling new heights, anticipating a strong corporate earnings recovery in the second half of FY25,” added Nair.

Prashanth Tapse, Senior VP of Research at Mehta Equities, pointed out that the monthly derivatives expiry day also played a role in the stock market’s sharp climb. “Winding up of positions and positive cues from global markets triggered a sharp upsurge,” he explained, as both the Sensex and Nifty approach even higher milestones.

As investor optimism continues to rise, the Indian stock market stands strong, driven by large-cap stocks and favorable global conditions, offering hope for further growth in the coming months.

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