Bhujbal’s chopper lands in Pune parking lot

Mumbai : In what is suspected to be a breach of aviation protocols, a chartered helicopter ferrying Food & Civil Supplies Minister Chhagan Bhujbal from Mumbai to Pune skipped a designated helipad and landed in a vehicle parking lot almost a km away. The shocker happened in Purandar taluka, where Bhujbal was slated to attend a function marking the 200 th birth anniversary of the social reformer Mahatma Jyotirao Phule in his home village Khanwadi. As crowds of bewildered people watched...

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Bhujbal’s chopper lands in Pune parking lot

Mumbai : In what is suspected to be a breach of aviation protocols, a chartered helicopter ferrying Food & Civil Supplies Minister Chhagan Bhujbal from Mumbai to Pune skipped a designated helipad and landed in a vehicle parking lot almost a km away. The shocker happened in Purandar taluka, where Bhujbal was slated to attend a function marking the 200 th birth anniversary of the social reformer Mahatma Jyotirao Phule in his home village Khanwadi. As crowds of bewildered people watched from around the sprawling parking lot, the helicopter appeared to drop speed in its flight, flew over some overhead high-tension electric cables, and descended gingerly into the parking lot - raising a thick dust-storm in which it disappeared for seconds - before touching the ground. Moments later, the Nationalist Congress Party (NCP) senior leader Bhujbal and others stepped out of the chopper, looked around in the unfamiliar territory before several vehicles and police teams rushed there. Minutes before there was chaos and confusion with some locals shouting warnings at the ‘wrong landing’. Eyewitnesses said that the chopper’s powerful rotors created a thick dust storm and sparked alarm among the people in the vicinity, and many scrambled to the spot to check what exactly was going on in the parking lot. Later, the Pune Police said that a designated helipad was available for the chopper landing but were at a loss to explain how the pilot missed it and veered off quite a distance away in the vehicle parking space. Subsequently, they asked the pilot to fly it to the correct landing spot. Shaken and angry local NCP leaders questioned how a pilot flying a VIP on an official trip could mistake a parking lot for a helipad when the weather and visibility was clear. They demanded to know whether the helipad was improperly marked or it was a question of communication or sheer negligence. The Pune Police indicated that they would report the matter to the Directorate General of Civil Aviation (DGCA) which may take action against the errant pilot and the helicopter company. “There was no accident. We all emerged safely. The helicopter pilot landed wrongly in a parking lot because the helipad was not visible. All of us are fine and there is nothing to worry,” said Bhujbal, before he was whisked off by his security team. “There are many faults in numerous airplanes and helicopters, including maintenance issues and other problems. That's why I keep saying consistently that VIPs must exercise caution while flying. Fortunately, an accident was averted today, but that doesn't mean the authorities should be negligent. We expect the government to take urgent precautions.” Rohit R. Pawar, MLA, NCP (SP)

India bears the brunt: Nifty crashes 1,100, Sensex nosedives 3,900 points after US trade shock

Correspondent
Apr 7, 2025
2 min read

India woke up to a financial jolt this morning as its equity markets suffered their steepest fall in nearly a year, shaken by the ripple effects of US President Donald Trump’s aggressive new tariff regime. The Sensex plunged over 3,900 points at opening bell, while the Nifty tumbled more than 1,100 points, dragging Indian stocks to a 10-month low.

This sharp decline follows a global equity rout triggered by Trump's protectionist measures, which have sent panic waves across Asia and raised the spectre of a global recession. Investors dumped shares in a massive sell-off, with Indian benchmarks reacting sharply in early trade. The Sensex dropped to 71,425.01 — down 3,939.68 points — while Nifty slipped to 21,743.65, marking a 3.5% slide from the last session.

Adding to the pressure, the Indian rupee depreciated 30 paise to open at 85.74 against the US dollar.

India Among the Hardest Hit

Trump’s latest tariff hike — framed as a push to restore fairness to global trade — has imposed country-specific duties that go as high as 50%. India has been slapped with a 26% tariff, while a 10% baseline duty applies to all nations. This has set alarm bells ringing among Indian exporters and traders already struggling with global demand volatility.

President Trump, unfazed by the financial carnage, likened the move to a bitter but necessary cure. “Sometimes you need the medicine to fix something,” he told reporters earlier today.

Analysts Urge Economic Safeguards

Market experts believe that India's current market turmoil isn't rooted in domestic issues but is rather a consequence of being tightly woven into global investment flows.

“India will face the heat, not due to domestic reasons, but as an interlinked chain in the global portfolio flows,” said Ajay Bagga, a noted market expert. “India will need a fiscal, monetary, and reform package to protect the domestic economy from this global economic winter that is threatening to settle in.”

Sunil Gurjar, SEBI-registered research analyst, warned that the Nifty50 index has breached its first support level and is approaching the next. "A further breakdown could worsen the trend and accelerate the fall," he cautioned.

Asian Markets Bleed

The tremors from Trump's announcement were first felt in Asia, with key markets suffering steep losses. China's stock markets fell over 4% amid retaliatory tariffs of 34% against the US. Hong Kong's Hang Seng nosedived more than 10%, while Japan’s Nikkei index fell 6.5% after plunging 8% earlier in the day. Taiwan saw a near-10% collapse, and Singapore dropped over 8%.

Wall Street Braces for Impact

US markets, though yet to open, appear set for a rough start. Futures contracts on the New York Stock Exchange are sharply down, suggesting heavy losses once trading resumes.

Market sentiment globally has turned bearish, with fears of a looming recession taking hold. Stephen Innes of SPI Asset Management described the scene as “free-fall mode,” noting, “Trump’s team isn’t blinking. The tariffs are being treated as a victory lap, not a bargaining chip.”