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Let the Bitcoin bubble deflate: It’s time to tokenize assets that hold intrinsic value
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03.04 / 12:47
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Donald Trump's close friend Jeff Bezos may bear the brunt of Liberation Day tariffs: Amazon could lose millions as most of its goods come from China; here's the breakdown
Donald Trump's most recent wave of tariffs is all set to rattle the economy. His trade war has just gotten personal for one of his closest allies. With new tariffs going into effect on "Liberation Day," Amazon founder Jeff Bezos might be among the most affected, and his retail empire could face a heavy financial blow. As economists warn about rising costs and economic downturns, the Amazon founder faces significant challenges.
03.04 / 12:47
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Reuters
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Trump Tariffs: One key sector was exempted from US President Donald Trump duties. Which countries will benefit?
Donald Trump’s sweeping new tariffs, the White House said on Wednesday. The exemption will come as a relief to the U.S. oil industry, which had expressed concerns that new levies could disrupt flows and raise costs on everything from Canadian crude oil serving Midwest refineries to European cargoes of gasoline and diesel to the eastern seaboard, as per a report. Trump on Wednesday announced he would impose a 10 per cent baseline tariff on all imports to the United States and higher duties on dozens of the country's biggest trading partners, deepening a trade war that he kicked off on his return to the White House, Reuters reported. The trade protections, however, do not apply to energy imports from Canada or Mexico – which are already exempted under the United States-Mexico-Canada Agreement free trade deal – nor do they apply to energy imports from any other country, a White House official said, as per the report. Canada and Mexico are the two largest sources of imported crude oil to the United States, while Europe is a significant source of imported fuel to the U.S. East Coast, which has a dearth of oil refineries, Reuters reported.
03.04 / 12:47
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DMRC to operate and maintain three Chennai metro corridors
Delhi Metro Rail Corporation (DMRC) has been awarded a contract by Chennai Metro Rail Limited (CMRL) for Operation and Maintenance of three corridors of its Phase-II: Corridor-3 (Madhavaram Milk Colony to Siruseri SIPCOT-II Metro — Indigo Line), Corridor- 4 (Lighthouse to Poonamallee Bypass -Orange Line) and Corridor-5 (Madhavaram Milk Colony to Sholinganallur — Red Line) including Maintenance Depots at Madhavaram, Poonamallee & Semmancheri. The term of the contract is 12 years from date of Commercial Operation date of the last stage of Phase II. An official statement said DMRC will be responsible for the day-to-day operations of three corridors consisting of 116.1 Kms and 112 stations.
03.04 / 12:47
UPS
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'First from my family to go to school': 7-year-old UP girl's determination to save her books amidst demolition drive wins hearts
Ananya Yadav, a Class 1 student, came at the digital forefront when she rushed to save her schoolbooks during a bulldozer demolition drive that targeted her family’s home. The emotional moment, where she is seen running out clutching her schoolbag, quickly went viral, drawing attention from the Supreme Court, political leaders, and social media users alike. The incident unfolded on March 21, when Ananya returned home from her primary school to find a bulldozer arriving at her makeshift home. The district administration had brought the bulldozer to demolish what they deemed illegal structures built by Ananya’s family on government land. While her family was still in the midst of disputing the claims, Ananya noticed an adjacent hut catch fire, and without hesitation, she sprinted into her home to retrieve her most prized possession—her schoolbag. «I am the first person in my family who goes to school. I study in Class 1 in a government primary school. My younger brother Adarsh has also started going to school,» Ananya shared. Despite her parents being daily wage workers and unlettered, Ananya expressed immense pride in attending school. «Since no fee is charged, my brother and I are able to attend the school,» she explained, noting that the books were a gift from her teachers and local villagers after she excelled in tests. When asked what inspired her to dream big, Ananya enthusiastically shared, «A senior officer once visited my school. I do not know his name, but teachers told us he was an IAS officer. He became my inspiration, and therefore I too want to be an IAS,» she said, her eyes shining with determination.
03.04 / 12:47
UPS
FIVE
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Courts
Defamation case against Rahul Gandhi: UP court defers hearing to April 15
Rahul Gandhi due to the complainant's failure to present a witness. Advocate Kashi Prasad Shukla, representing the Rae Bareli MP, confirmed that the hearing could not take place due to absence of witness. The hearing was supposed to take place on Thursday, but since the complainant failed to present any witness, no proceedings could be conducted, Shukla said. The court has now scheduled the next hearing for April 15, he added. The defamation case dates back to 2018, when local BJP leader Vijay Mishra filed a defamation suit against Gandhi over his alleged derogatory remarks against BJP leader Amit Shah made during the Karnataka assembly elections. During the five years between 2018 and 2023, the case underwent multiple proceedings, but Gandhi reportedly failed to appear in court. In December 2023, following a warrant, the Congress leader appeared in court. In February 2024, he complied with the summons and the special magistrate granted him bail on two sureties of Rs 25,000 each. The court later instructed him to record his statement, which was finally completed on July 26, 2024, though after multiple postponements.
03.04 / 12:47
Target
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students
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Securis Finance bags NBFC licence from RBI
Securis Finance, a subsidiary of FirstPay Technologies, has received approval from the Reserve Bank of India (RBI) to operate as a non-banking financial company (NBFC). The company plans to disburse Rs 100 crore in education loans in its first year, initially targeting key educational hubs such as Bengaluru, Mumbai, Delhi-NCR, Hyderabad, and Pune on a pilot basis. Securis Finance is a fully owned subsidiary of FirstPay Technologies, which operates Junio, a digital pocket money smart card for teenagers. Securis Finance aims to offer loans ranging from Rs 50,000 to Rs 5 lakh, addressing a major gap in access to credit for teenagers. Its lending solutions will cover diverse educational needs, including school fees, college tuition, coding boot camps, and entrance exam coaching.
03.04 / 12:47
Trade
reports
Ola Electric launches #HyperDelivery for same-day vehicle registration, delivery
Ola Electric on April 3 announced the launch of #HyperDelivery, offering same-day registration and delivery of its electric two-wheelers. The company has rolled out the pilot programmein Bengaluru and plans to expand it across India in phases this quarter, Ola Electric said in a stock exchange filing on Thursday. “Customers can now complete the process online or at an Ola Electric Store and ride home on their fully registered vehicles in just hours,” the company stated.
03.04 / 12:47
FIVE
Manufacturing
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Department
India tightens steel procurement to favour domestic mills
India's finished steel imports from China, South Korea and Japan hit a record high in the first 10 months of the previous financial year which ended on March 31, government data showed. The new rules under the «Domestically Manufactured Iron And Steel Products Policy 2025» mandates all ministries, departments and agencies under the Indian government to prioritise locally manufactured iron and steel products.
03.04 / 12:01
Art
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A festival that celebrates puppetry filmmaking
Subscribe to enjoy similar stories. Anurupa Roy, a puppeteer and theatre practitioner, is an integral part of the performing arts ecosystem in India. She set up Katkatha, an organisation for the promotion and preservation of the puppet arts in India, 26 years ago.
03.04 / 12:01
Election
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A controversial idea to hand even more power to the president
Subscribe to enjoy similar stories. Leading the Office of Management and Budget (OMB) may sound mundane, but the role is one of Washington’s most important. Russell Vought, who did the job for the final two years of Donald Trump’s first term, is poised to return.
03.04 / 12:01
Target
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Poonam Gupta: RBI’s new status-quo challenger
Subscribe to enjoy similar stories. Poonam Gupta’s appointment as the deputy governor of the Reserve Bank of India (RBI) could test the status quo on some of the regulator's policies and frameworks. This will be Gupta’s maiden policy-making role.
03.04 / 12:01
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What Vivienne Westwood's India show did not get right
Subscribe to enjoy similar stories. It wasn’t an April Fool’s Day joke after all. As soon as the invite to Vivienne Westwood’s 1 April show in Mumbai landed as a WhatsApp text, many thought it was a prank.
03.04 / 11:57
markets
Ripple
Fallout
Nikkei
reports
US futures and European equities drop as fallout of 'harsh' tariffs ripples through markets
Nasdaq and S&P 500 futures were down 3.3% and 3%, respectively, at the time of reporting today (3 April), hours after Trump's 'Liberation Day' sent shockwaves across the ocean, according to data from MarketWatch. Markets plunge as Trump pushes ahead with global 'reciprocal' tariffs Meanwhile in Europe, Germany's DAX was down 2.1%, while the Stoxx Europe 600 index opened with an immediate 2% drop. It was a similar reaction in Japan, as the Nikkei 225 lost 2.8%, while Tokyo's Topix dropped 3.1%. «The effects of ‘Liberation Day' are being felt far and wide, with Asian markets down ...
03.04 / 11:57
Exodus
Investors pause on equity exodus while preparing for Trump's next moves
Between January and February, outflows from funds dropped from £3bn to £562m, according to data from the Investment Association (IA) released today (3 April). UK equity funds continued to dominate the significant equity outflows, bleeding £1.4bn in February of the total £1.6bn shed by the entire asset class over the course of the month. Jupiter outflows surge to £10.3bn amid value desk redemptions This marked a slight reduction from the £1.7bn that investors took out from UK equity funds in January. By contrast, the IA noted that «as investors looked to diversify their investm...
03.04 / 11:57
markets
IPO
Twitter
SEC
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security
US crypto giant Circle files for IPO
On Tuesday (2 April), Circle lodged its application with the Securities and Exchange Commission (SEC). Investors pull out of European crypto funds in 2024 amid market and political buzz Circle has attempted to float on US public markets before, put pulled the plug on its IPO, an event that CEO Jeremy Allaire, said was «disappointing» in an X, at the time Twitter, post in 2022, after it did not complete the SEC qualification in time. The US has adopted a more crypto-friendly tilt from the incumbent White House administration, and the SEC has also moved to loosen its oversight of th...
03.04 / 11:57
information
Reeves defends annual Budget to avoid 'constant chopping and changing'
Questioned by the committee on Wednesday (2 April), Reeves was scrutinised on her Spring Statement delivered last week (26 March). When asked about an alleged leak of the OBR forecast on 11 February and about the further information that was revealed ahead of her Spring Statement on the welfare figures, Reeves and the Treasury both addressed the huge amount of speculation that comes with a Budget or Statement. Economists lambast Reeves for 'loose fiscal rules' following restoration of 'miniscule headroom' «There is often speculation ahead of a Spring Statement or a Budget,» Reeves ...
03.04 / 11:49
WhatsApp
stars
Sporting
KKR vs SRH Live Streaming Today: When & where to watch Ajinkya Rahane's squad take on Pat Cummins' team?
Kolkata Knight Riders (KKR), the defending champions, and Sunrisers Hyderabad (SRH), last season's runners-up, will be under pressure to turn around their fortunes when they face off in a crucial IPL encounter on Thursday. Both teams have struggled in their recent outings, with two losses in three matches, and are in urgent need of a win to stay in the hunt for the playoffs. KKR, led by Ajinkya Rahane, had initially shrugged off concerns following a heavy defeat to Royal Challengers Bangalore, stating that there was no reason to panic. But after the team's shaky form continues — a stark contrast to their near-perfect record in IPL 2024 — the mood in the KKR camp is understandably more cautious.
03.04 / 11:49
03.04 / 11:49
Target
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cricket
KKR vs SRH, Eden Gardens Pitch Report: Will Kolkata pitch meet Rahane's expectations? What the playing conditions look like
Both teams are struggling to find consistency this season, with just one win in three matches. While SRH holds the 8th spot in the points table, KKR finds itself at the bottom (10th place) due to an inferior net run rate. With the pitch conditions and weather playing a crucial role, both teams will look to make the most of the Eden Gardens surface to secure a much-needed victory.
03.04 / 11:49
markets
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SUN
electronic
Updates
Pharmaceuticals
Stock market update: Sugar stocks up as market falls
Rajshree Sugars & Chemicals Ltd.(up 6.72%), Kothari Sugars & Chemicals Ltd.(up 3.49%), Rana Sugars Ltd.(up 2.98%), Sakthi Sugars Ltd.(up 2.94%), Bannari Amman Sugars Ltd.(up 2.91%), KCP Sugar & Industries Corporation Ltd.(up 2.47%), Vishwaraj Sugar Industries Ltd.(up 2.36%), Balrampur Chini Mills Ltd.(up 2.28%), Dalmia Bharat Sugar and Industries Ltd.(up 2.16%) and EID Parry(India)Ltd.(up 1.92%) stood among the top gainers.
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