Many Indian start-up entrepreneurs who held accounts at the ailing Silicon Valley Bank (SVB). Thus, it was a lengthy wait. The Federal Deposit Insurance Corporation (FDIC) asked businesses with accounts containing more than $250,000 to contact a toll-free hotline. It is more than what US regulators, who shut down the bank, said would be covered by them.
Thus, the tech sector is SVB’s largest client, with many Indian start-ups having accounts at the bank, particularly in the SaaS (software as a service) market that caters to American clients.
Therefore, California authorities shut down the troubled lender on Friday. However, placing it under the supervision of the US Federal Deposit Insurance Corporation (FDIC). Thus, overnight shock followed another steep 60% decrease in premarket trading for SVB’s stock as anxious depositors hurried to withdraw money, which caused the dip.
Nonetheless, SVB Financial Group’s demise and FDIC takeover may have taken place in a matter of days, Experts claimed the bank was a victim of persistently high interest rates and worries about more rate increases in 2023.
During a time of historically low interest rates during the epidemic, global central banks, led by the US Federal Reserve, began rapidly hiking key rates to combat inflation. Thus, this has affected the businesses of lenders who specialize in technology and start-ups, including SVB, and reduced investor sentiment.
However, it is due to the fact that investors dislike taking risks when the money they have available to them becomes costly owing to increasing interest rates. Investors in technological start-ups, who make up the majority of SVB’s clientele, became less willing to take chances as a result of the increased interest rates.
A Sara Ali Khan walks the ramp during Lakme Fashion show by Fashion Designer PUNIT BALANA during Lakmé Fashion Week 2023 at Jio gardens in Mumbai, India on 11th March 2023.Photo : Perfect Shadows / FDCI x Lakme Fashion Week / RISE WorldwidePhoto : Perfect Shadows / FDCI x Lakme Fashion Week / RISE Worldwide
Rajasthan’s favourite fashion designer, Punit Balana, presented his ‘Utsav’ collection, which is a multi-seasonal celebration of folklore, culture and joy. Punit’s latest collection evokes luminosity and an idea of celebration and joy through its timeless designs.
Brought to life through bright hues of surkhlaal and gulaabi gulaal and a bold shade of kacha aam, this collection is a symphony of embroideries in marodi, resham, gota, mirror and coin and a step ahead in the world of Punit Balana’s prints.
Walking the ramp for Punit for his Lakmé Fashion Week in partnership with FDCI show was none other than Bollywood’s sweetheart, Sara Ali Khan. Speaking about the collaboration with Punit and Utsav collection in general, she says, “I am thrilled to be walking for Punit Balana and showcasing his stunning ‘Utsav’ collection, which stays true to its meaning of ‘celebration’ or ‘celebration of a joyous occasion’, Utsav highlights textures inspired by the Kalbelia community of Rajasthan, their folklore, literature and the culture that not only binds the Indian state of Rajasthan but one that also acts as a bridge between this state and Indian culture in a larger context.”
Sara Ali Khan walks the ramp during Lakme Fashion show by Fashion Designer PUNIT BALANA during Lakmé Fashion Week 2023 at Jio gardens in Mumbai, India on 11th March 2023. Photo : Perfect Shadows / FDCI x Lakme Fashion Week / RISE Worldwide Photo : Perfect Shadows / FDCI x Lakme Fashion Week / RISE Worldwide
The audience was treated to an exhilarating live performance by Kalbelia dancers, which beautifully captured the essence of the ‘Utsav’ collection.
With block prints inspired by Rajasthani history, particularly that of the Kalbelia community, and bandhani, Utsav represents masterful craftsmanship in terms of silhouettes, ranging from classic Punit Balana outfits to new, contemporary ones – reimagined lehengas and peplum sets, heavily embellished kurtas for men and many more to suit the effortless sartorial sensibilities of the modern woman and man.
Speaking about the collection and his show at Lakme Fashion week, ace designer, Punit Balanasays, “For me, what’s most important while designing a new collection are my roots, my surroundings. I never have to look beyond Jaipur and Rajasthan for inspiration. There’s so much about our history that remains untapped and I really hope that one collection after another, I can show people how contemporary our culture can truly be.”
“Happiness, song and dance are a huge part of the Kalbelia community, and they make sure that their culture, their folklore is passed onto generations. They take immense pride in it. I want the Punit Balana women and Men to also feel the same kind of pride when they own and wear an outfit from Utsav, something that will hold meaning for decades to come,” he adds.
The designs showcased on the ramp were styled along with stunning jewellery pieces from JKJ Jewellers in Jaipur, which complemented each ensemble from the ‘Utsav’ collection perfectly.
Bringing to life an array of womenswear and menswear, each piece designed for this collection is an ode to joy. These aren’t just outfits that you smile with, but those that you laugh in. A burst of colour, Utsav has been brought to life keeping in mind the idea of longevity and the unsaid Indian custom of passing on joy, from one generation to another, by a way of passing on clothes. You perhaps want to wear a saree your grandmother had worn on her wedding day. Utsav is just that – a collection that transcends age, one that has something for everybody, one that can boast of being a part of family heirlooms.
‘The Elephant Whisperers’ which is the Oscar winning short documentary was shot in the Theppakadu Elephant Camp at the Mudumalai Tiger Reserve in the Nilgiri Mountains in Tamil Nadu.
Established 105 years back, the Theppakadu Elephant Camp is the oldest elephant camp in Asia and is situated on the banks of river Moyar.
It presently has 28 elephants. A dedicated bunch of Mahouts is providing training and care to these elephants.
The Mudumalai Tiger Reserve, of which the Theppekadu Elephant camp is part of, has a good population of the indigenous Kattunaykan tribes.
The Theppakadu Elephant Camp rehabilitates rogue elephants that enter human habitations and enter into conflict with people. These elephants are trained at these camps and converted to Kumki elephants.
Mahouts Kirumaran and Wasim have trained two rogue elephants Moorthy and Easwaran into good formidable animals that have become much gentler.
Moorthy had killed 22 people as a wild Tusker and has been captured and rehabilitated at the Theppakadu Camp. Kirumaran said that Moorthy however now has turned so gentle that he lets his grand children play with the elephant these days.
Meanwhile Wasim, the Mahout of Easwaran, sounded a word of caution and said that he had suffered injuries thrice while handling Easwaran
Kartiki Gonsalves, the director of the movie, had stayed in the Mudumalai Tiger Reserve for five long years to shoot the documentary and it has paid off taking her to an Oscar victory.
The movie, which is of 41 minutes duration, explores the tentative and precious bond between an orphaned elephant Raghu and his caretakers, a mahout couple, Bomman and Bellie.
This is a story of six sarpanchs in India who are transforming their villages to script a story of new India. Let’s see what their initiatives are which are making them different from rest of the crowd:
1. Neeru Yadav
She is the first woman sarpanch of India who has taken major steps for rural development and has also started an FPO (farmers production organisation) in the name of “Sachhi Saheli Mahila Agro.” The Sarpanch established a “farmer producer organisation” with the help of SIIRD (the Society of Indian Institute of Rural Development) in collaboration with NABARD.
Neeru Yadav
Neeru Yadav took up the role of chairman of the board of directors of this company. Through this, farmers will get fertilizers, seeds, and other agriculture-related things at reasonable rates. Farmers will also get the advantage of getting direct benefits through this.
Neeru has also made hockey team of girls in her village and is known as Hockey Wali Sarpanch. She is first sarpanch who has started Bartan Bank in her village to stop plastic use during weddings.
2. Arati Devi
Being a sarpanch at Ganjam district in Orissa, which is also her hometown, she has introduced the benefits of Public Distribution System to her village, which wasn’t known to most people. Now they avail wheat, kerosene and other items at subsidised prices.
Former investment banker and MBA holder Arati Devi was invited to speak at an International Leadership Programme in the US where she spoke about state government functions, government transparency and accountability.
She also started a major literacy campaign for women in the panchayat where only signatures would be recorded for official applications, instead of thumb impressions. She has been known to revive traditional folk art in Ganjam.
3. Meena Behen
Meena Behen, the first woman sarpanch from a village in Gujarat, has changed the lives of women in her village.
In the small village in the district Vyara in Gujarat, Meena Behen is the first woman Sarpanch her village has seen. Recently they built a road because the accessibility to the village was very bad. Pregnant women found it really difficult to go to the hospital and even the ambulance vehicle couldn’t come into the village because of this. Now the accessibility is much better.
Many were unaware of important government schemes. The all-women Panchayat took cognizance of that and ensured that Government schemes were utilized by people of the village.
Meena and her friends attribute all their leadership skills to the self-help group (SHG) that World Vision India helped form.
4. Chaavi Rajawat
Chhavi Rajawat has been heralded her as the woman who changed the face of rural Rajasthan. With innovative projects, she brought better water, solar power, paved roads, toilets and a bank to her ancestral village named Soda. She single-handedly enabled many projects in her village and also addressed a poverty conference at the United Nations in New York, US. Known as the glamorous jeans-clad MBA sarpanch, she is an inspiration to many and is the face of the young and modern India yearning for change.
5. Sushma Bhadu
Sushma Bhadu is a sarpanch from three villages in Haryana. She has to her credit of improving the dwindling education and sex ratio levels of her villages. But she is more popular for the “unveiling” of her ‘ghunghat’.
Fighting centuries old patriarchal and controlling norms of her society, she has earned the respect and admiration of her villages. She is elected sarpanch of three villages – Salam Khera, Chablamori and Dhani Miyan Khan.
6. Radha Devi
Radha Devi (in yellow saree) is the lady sarpanch of a village in Rajasthan.
Taking the help of local NGOs and self-help groups, Radha Devi confronted the school authorities in her village and persuaded parents into sending their kids back to schools.
What image does your mind create when you hear the word Jaisalmer? The first image that would spring to mind when you hear the phrase Jaisalmer is a vast desert with sand dunes and no water in sight. However, the largest Tethys Sea on the globe used to exist 25 million years ago.
Not long ago, there used to be a thick forest with 30- to 40-foot-tall trees. Thus, the water of Jaisalmer formerly had enormous sharks and creatures. Only in Jaisalmer, Thailand, and Japan have fossils of this shark been discovered.
Because of this, tourists will be able to see up close the world of dinosaur-era species, their fascinating history, and the secrets of their extinction. As the Rajasthani government recently announced the creation of a fossil park, the Bhaskar team traveled to the site of the dinosaurs’ former habitat.
There are plenty of global mysteries that reveal the tale of Jurassic World. Thus, one can be found within a 30-km radius of Jaisalmer city. Therefore, the large aquatic monsters used to emerge from the Tethys Sea on the banks of where the Fort of Sonar is now visible, which is a short distance away. Dinosaurs from the Thaiyat village used to go about on sticks. On the Akal side, there were thick trees and rivers that ran. Giant shark fish had a stronghold in the water in the Baisakhi, Kuldhara, and Khaba areas.
There are four separate locations where scientists can occasionally find dinosaur paws as well as shark and whale teeth.
The “Akal Wood-Fossil Park,” which will collect and preserve this evidence, is located about 18 kilometers from Jaisalmer. The Bhaskar team traveled to Akal with the assistance of renowned geoscientists Dr. Dhirendra Kumar Pandey and Dr. Narayan Das in order to learn more about this realm.
Oscar’s night delightfully became India’s victory night. The blockbuster RRR’s song “Naatu Naatu” has officially made history. Thus, Natu Natu became the very first song from an Indian cinema to win the prized trophy at the 95th Academy Awards, held in Los Angeles, California. But the Indian victory did not just settle with that. Kartiki Gonsalves, who also produced “The Elephant Whisperers,” won for best documentary short story.
Bollywood also got the chance to shine at the Academy Awards with the “Shanti Priya” of Indian cinema, Deepika Padukone. She had the golden opportunity to present the Academy Award during the event. She had now joined Priyanka Chopra and Persis Khambatta as the third Indian to present an Oscar.
Natu Natu’s performance adds more stars to the night. While the viral song is getting loved worldwide, the Oscars performance left unforgettable memories in peoples minds. The most popular song, “Natu Natu,” was performed by performers Rahul Sipligunj and Kaala Bhairava. It was filled in the Dolby Theatre. “We count it a blessing that #RRRMovie, with #NaatuNaatu, won India’s first-ever Oscar in the Best Song Category! No words can adequately express this incredible occasion,” Team RRR tweeted after receiving the honor.
RRR paved the way for another cinematic history to unfold in the future. The RRR team prooved that hard work and dedication can lead to success.
On Sunday, Prime Minister Narendra Modi reached Karnataka to officially open the ambitious 10-lane Bengaluru-Mysuru highway. Thus, the Mandya district police have provided travelers with advice and detours to help them avoid traffic and assure the PM’s safety.
The Mandya police announced a directive on Thursday that prohibited vehicles from using the highway on March 12 from 6 a.m. to 6 p.m. for 12 hours. The decree also provided commuters with alternate routes to use.
The Hon’ble Prime Minister of India had arrivied at Mandya Nagar and Maddur on March 12, 2023; hence, the Hon’ble District Collector had issued an order to adjust the route of all sorts of vehicles from six in the morning to six in the evening for the protection of the dignitaries.
Vehicles traveling from Mysuru to Bengaluru through Mandya are advised to utilize the alternate route of Mysuru-Bannur-Kirugavalu-Halaguru-Kanakapura-Bengaluru. Vehicles traveling from Tumakuru to Mysuru through Mandya are advised to adopt the alternate route of Tumakuru-Bellur cross-Nagamangala-Pandavapura-Srirangapatna-Mysuru.
The Bengaluru-Channapatna-Halaguru-Malavalli-Kirugavalu-Halaguru-Bannur-Mysuru road should be used by cars traveling from Bengaluru to Mysuru. The Bengaluru-Halaguru-Malavalli-Kollegala-MM Hills road should be used instead by vehicles traveling from Bengaluru to MM Hills through Maddur.
Prior to its opening, PM Modi commented on a tweet by Nitin Gadkari, Minister of Road Transport and Highways, stating that the expressway was a crucial connectivity project that will help Karnataka’s growth trajectory.
The 118 km road, built for $8,408 crore, would cut the distance between Bengaluru and Mysuru travel time in half, from 3.5 hours to about 1.5 hours.
‘Naatu Naatu’ has made history by winning the Best Song title at the 95th Academy Awards. Let’s catch the iconic moments the team spent after getting the breaking news:
’RRR’ filmmaker S.S. Rajamouli had the most epic reaction as he screamed in joy and hugging his wife.
A clip is viral showing Rajamouli’s reaction to the win. Rajamouli was seen with his wife and ‘RRR’ cast.
When ‘Naatu Naatu’ was announced as Best Song, an excited Rajamouli got up screaming in joy at the win but he also hugged his wife, Rama Rajamouli.
Music composer M.M. Keeravaani gave an emotional speech on receiving the award. ‘Naatu Naatu’ has also won a Golden Globe and a Critics Choice Award this year
‘RRR’ starring NTR Jr., Ram Charan, Ajay Devgn, Alia Bhatt and Shriya Saran tells the fictional story of two real-life Indian revolutionaries, Alluri Sitarama Raju and Komaram Bheem and their fight against the British Raj.
* Oscars 2023 had special RRR moment as singers Rahul Sipligunj and Kaala Bhairava performed Academy Award-nominated Naatu Naatu. The rousing RRR anthem received standing ovation and huge applause.
* Actor Deepika Padukone introduced the team at the 95th Academy Awards and had to stop multiple times with cheers and hoots as she introduced the team.
Nahan must be defined or understood, says Janakavi of Sangod. Two words from the poetry of Suraj Mal Vijay, “Yo nhaan tamaso mat samjho, purkhan ri amar nisani chai,” should be heard and understood. This poem serves as Nahan Lokotsav’s unofficial rallying cry. Thus, another common misconception regarding baths is that they can only be perceived through sight and not through hearing.
However, Sangod town in Rajasthan’s Kota district celebrates the Nahan festival with great enthusiasm. Thus, this custom has been practiced for over 500 years. Even today, this custom is still practiced, and since it is so well known, foreigners from all over the nation go to Sangod to take part in the Nahan Lokotsav. Though, bathing is conducted in other Hadoti area towns, including Anta, Mirzapur, Moikalan, Bapavarkalan, etc., Sangod’s bath has become the most well-known.
In the celebration, the participants and observers celebrate for five days straight.
At this Holi festival, there is no color, gulal, or abir, which is observed as Nahan Lokotsav.
The town is split into two sections for Lokotsav. Nahan Akhara Chaudhary Pada is the name given to one side, and Nahan Khada Akhara Chaubey Pada to the other. Thus, Chaudhary Pada is organized for the initial two days of Lokotsav and Nhan Khada Paksha for the final two days. Twelve spears appear on the first day, and the king’s horse appears on the second. Farces are used on the trip to amuse passengers in a hilarious way.
It appears the ancient royal culture has come to life. As the emperor’s ride is brought out from both sides with the wealthy umrao on horseback, it still comes out with full pomp and display. Thus, the genuine Nahan Lokotsav starts on the day of Dooj, although preparations for Nahan begin 15 days before the burning of Holi on Amavasya, when both sides visit Sorsan and worship the Brahmin Mata.
On Tuesday, Infosys announced a regulatory statement in which it said President Ravi Kumar S. has announced his retirement with certain effects from October 11.
Ram Kumar oversaw several service lines and specialized digital sales for the IT company’s consulting business. Whether it is technology, infrastructure, engineering, and process verticals from his base in New York Thus, before he was elected president in 2016, he was also in charge of the insurance and payments industries. He was also in charge of Infosys’ Metaverse projects. Later, he spent approximately 20 years as an employee of Infosys. According to the recent Infosys FY22 annual report, Mr. Kumar was the third highest-paid employee in the firm, after Salil Parekh and Pravin Rao.
The company stated in the filing that “the board of directors placed on record their deep sense of appreciation for the services rendered by Ravi Kumar for his contributions to the company.”
