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Top News

Nvidia plunges almost 10%, dragging basket of chip stocks to worst day since March 2020

Nvidia's stock dropped 9.5% on Tuesday, leading to a significant decline in the semiconductor sector, with major chipmakers like Intel, AMD, and Broadcom also experiencing losses. This slump followed a disappointing ISM manufacturing index report, sparking economic concerns despite Nvidia's strong growth fueled by AI demand. While Nvidia remains the leader in AI chips with a 118% stock increase in 2024, other companies like Intel and AMD are striving to capture more of the AI market.

Russia kills over 50 in huge strike that hit hospital, Ukraine says

Russian forces launched two ballistic missile strikes on Poltava, hitting a hospital and the Institute of Communications, resulting in at least 51 deaths and over 200 injuries, according to Ukrainian President Volodymyr Zelenskyy. Rescue operations are ongoing, and there are concerns that more people may be trapped under the rubble. Conflicting reports exist about the presence of cadets during the attack, but an investigation will be conducted to understand how the attack happened.

Costco’s first membership price hike in 7 years just went into effect

Costco has raised its annual membership fees for the first time since 2017, increasing standard plans by $5 to $65 and its premium “Executive Membership” by $10 to $130. These changes affect new members joining or renewing after September 1, with the premium membership also offering increased rewards. Additionally, Costco is implementing stricter measures to prevent non-members from using others' memberships, such as requiring all shoppers to scan their membership cards at store entrances.

TFI Celebs Showing Their Golden Hearts Yet Again

Tollywood celebrities are actively supporting relief efforts in response to recent heavy rainfall in the Telugu states by donating to the CM Relief Funds of Telangana and Andhra Pradesh. Notable donations include JR NTR and Mahesh Babu, who each pledged ₹50 lakhs to both states, while other stars like Vishwak Sen, Siddhu Jonnalagadda, and Nandamuri Balakrishna also contributed significantly. The film industry continues to demonstrate its commitment to aiding communities in times of crisis, following previous support efforts during disasters like the Wayanad landslide and the COVID-19 pandemic.

Four Indians Dead in USA in Car Crash

Four Indians, including three Telugu-speaking individuals, were killed in a car accident in Texas on August 30 when their SUV was rear-ended by a speeding truck on Highway 75 in Anna, Texas. The victims, Aryan Raghunath Orampati from Hyderabad, Farooq Shaik, Lokesh Palacharla, and Darshini Vasudevan from Tamil Nadu, were traveling together through a carpooling app when the impact caused the SUV to burst into flames, trapping and killing them. The accident, caused by the truck driver's failure to react to slowed traffic, has deeply affected the Indian community in the U.S., highlighting a series of tragic vehicular accidents involving Indians in recent months.

Movie News

Star Hero Booked For Non-Bailable Rape Case

Malayalam actor Nivin Pauly, well-known among Telugu audiences for films like Premam and Bangalore Days, is embroiled in a serious legal controversy following a non-bailable case filed against him by Kerala Police. Pauly, along with producer AK Sunil and four others, has been charged under Section 376 of the Indian Penal Code for rape and related offenses, stemming from a woman's allegation that she was sexually assaulted by the accused in Dubai under the pretense of being offered a film role. Pauly has denied the allegations, calling them "entirely untrue" and has expressed his intention to pursue all legal avenues to prove his innocence.

Pooja Hegde wraps up Deva; Gets a special note from film’s team

Pooja Hegde, after her last two Bollywood films, Kisi Ka Bhai Kisi Ki Jaan and Cirkus, did not perform well, has completed her shooting for the high-budget action thriller Deva, which also stars Shahid Kapoor and marks the Bollywood debut of acclaimed Mollywood filmmaker Rosshan Andrrews. Upon wrapping up her part, the film’s team sent Pooja a heartfelt note, praising her talent and dedication, which she shared on Instagram. Deva is produced by Siddharth Roy Kapur’s Roy Kapur Films in association with Zee Studios, with music by Jakes Bejoy and Sachet–Parampara.

Saripodhaa Sanivaaram: One million tickets sold on BookMyShow

Natural Star Nani's Saripodhaa Sanivaaram continues to perform exceptionally well at the box office, becoming Nani's highest-grossing film in North America with earnings of $2.05 million. The movie, featuring Priyanka Arul Mohan as the female lead, has also surpassed 1 million ticket sales on BookMyShow, showing strong demand despite adverse weather conditions in the Telugu states. With a cast that includes SJ Suryah, Sai Kumar, Murali Sharma, Aditi Balan, and Abhirami, and a soundtrack by Jakes Bejoy, the film is set to achieve more records in its ongoing successful run.

After 'Double Ismart' failure, 'HanuMan' producer up for another big gamble

Producer K. Niranjan Reddy, who recently faced setbacks with the flops "Darling" and "Double ISmart," is now launching a new pan-Indian project titled "Billa Ranga Baasha." The film, a futuristic fantasy directed by Anup Bhandari and starring Kichcha Sudeepa, was initially announced in 2018 but faced several delays. Despite Sudeepa's limited market presence in Telugu, Tamil, and Hindi industries, Reddy and his wife are reviving the project, making it a significant gamble.

Theatre Releases

Source: Filmibeat