This story has been widely circulated on the internet. Some even took the photo and put it on youtube, and later people were referring the source to youtube.
We believe that the cobra or any poisonous snake in the world is not instinctively to attack people or other animals. They are the design of the mother of nature to use the venom to kill their prey/food in order to survive in the food chain.
If you've ever encountered a wild cobra, it fears human much and most of the time it will flee away. In case it's not, its hissing sound act as a warning sign saying that "Hey, I am deadly and you better don't mess up with me.". If you stand still and show no threat to the snake, it will not chases and bites you but move on its way.
In this story, the puppies is too big to serve as its food and too small as a threat to the cobra. The people, puppies and the cobra are real, so stop arguing whether this is a fake news or scam, It's a happy ending and no one get hurt.
The original post with bad grammar:
Children are like angels, this is a dedication to all the humans who ill-treat their children on the basis of their gender/in-capabilities.
This happened in Punjab, India, were two pups fell by accident into a well,while playing with other siblings. The owner of the pups found 2 puppies missing in the group and later found the mother dog barking near a shallow well.
To his surprise, he found the puppies in the well along with a King Cobra. They found that the Cobra which was supposed to be a threat for all animals including Man, was actually safeguarding the little pups from not getting drowned when the pups moved towards the danger area of the well. People who gathered around didn't have the courage to get into the well and save the pups because the snake was around.
The puppies and the Snake remained in the well for 48 hrs, until the forest authority came and rescued the pups and the snake was released into the forest.