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distribution, infrastructure projects, has filed preliminary papers with markets regulator Sebi seeking its approval to raise funds through an Initial Public Offering (IPO). The Jaipur-based company's IPO is a combination of a fresh issue of shares worth Rs 200 crore and an Offer For Sale (OFS) of 19.2 lakh shares by promoters and other shareholders, according to the Draft Red Herring Prospectus (DRHP). The company is looking to mop up Rs 40 crore in the pre-IPO round, and if such placement is completed, the fresh issue size will be reduced.

A worrisome pattern observed is how Indians are serving their older loans by opting for new loans. RBI had also cautioned against such stress from the consumer credit segment spilling over to secured loans after its assessment showed nearly half the borrowers availing credit card and personal loans had another live mortgage or vehicle loan. «Given that a default in any loan category results in other loans of the same borrower being treated as non-performing by the lending financial institution, these larger and secured loans are at risk of delinquency from slippages in relatively smaller personal loans,» the regulator noted in the December 2024 edition of the bi-annual Financial Stability Report. Data showed that 11% borrowers originating a personal loan under ₹50,000 had an overdue personal loan and over 60% had availed of more than three loans during the current financial year. To control the problem, which is on the cusp of turning into a huge crisis, the government could probably try giving a fresh start to the borrowers. A report of Dvara Research regarding India's debt problem had said that lack of bankruptcy regime for the borrowers only offers partial relief, with the crucial need to remove such blanket ban of relief. Bloomberg Columnist Andy Mukherjee made a similar point by saying that with overborrowing occurring, it might be time to let some institutions fail. «Where the government needs to get involved is in allowing borrowers to shed unsustainable debt in an orderly fashion. The mechanism for that exists in India’s bankruptcy code; it’s yet to be implemented for individuals other than guarantors for corporate loans,» said Mukherjee.

Delhi High Court on Friday imposed a fine of Rs 25,000 on BJP leader Shazia Ilmi for suppressing crucial facts in her defamation case against India Today journalist Rajdeep Sardesai. The court found that Ilmi had willfully withheld two tweets that were part of the same conversation thread related to the incident in question, which led to the imposition of the penalty, reported Bar and Bench. The Delhi High Court bench, led by Justice Manmeet Pritam Singh Arora, while partly allowing an application moved by Ilmi for interim relief, directed her to pay the Rs 25,000 cost to the Delhi High Court Bar Clerks’ Association within three weeks. The High Court emphasised that the suppression of these tweets, which were part of the ongoing discussion, was significant in determining the outcome of the case. «Since the plaintiff had willfully suppressed two (2) tweets which formed part of the same conversation thread of which the impugned quote tweet was part of and therefore, the plaintiff is saddled with the cost of Rs. 25,000/- payable to Delhi High Court Bar Clerks’ Association, through the secretary within a period of three (3) weeks,» the court stated in its ruling.

Labor Party's Jerome Laxale won the Sydney seat of Bennelong from the Liberals at the 2022 election, votes from Chinese Australians angry about then-prime minister Scott Morrison's spat with Beijing were instrumental in his victory. Now Laxale and other politicians are using social media including Xiaohongshu, a Chinese lifestyle app also called RedNote, and other campaign strategies to appeal to Chinese communities who will again be a crucial bloc in the upcoming election. «If you want to communicate with your electorate, you need to go where your electorate are and some of them are on Xiaohongshu,» said Laxale, who has handed out 30,000 red envelopes with QR codes to his personal accounts on Xiaohongshu and another Chinese app, WeChat.

DC Studios movie Superman. The footage, which was first unveiled at CinemaCon 2025 earlier this week, features David Corenswet as Clark Kent or Superman. The almost five-minute long clip gives a glimpse of Superman’s Fortress of Solitude. The movie is set to release on July 11 this year. James Gunn was earlier associated with the Marvel Cinematic Universe and directed The Guardians of the Galaxy movies.

The Andaman Skies is transferring its cargo of crude oil to the Sao Tome and Principe-flagged vessel Ozanno, the sources said. While many buyers have shunned Russian oil since Moscow's invasion of Ukraine in 2022, India and China have remained keen buyers. India is the biggest buyer of seaborne Russian crude, which accounted for about 35% of its crude imports in 2024. However, port authorities last week barred the more than 20-year-old Andaman Skies from entering India's port of Vadinar as its seaworthiness certificate was not issued by an Indian-approved classification agency. The Tanzania-flagged vessel, carrying about 100,000 metric tons (or some 800,000 barrels) of Varandey Russian oil sold by Lukoil from the northern port of Murmansk, is sitting off the port of Mumbai in western India, LSEG shipping data shows.

reciprocal tariffs for India to 26% from 27% announced a day before. Revisions have been made for atleast 14 countries including South Korea, Norway, South Africa and Thailand. As per a White House document, India’s reciprocal tariff was originally listed at 27%, as against the 26% that US president Donald Trump had shown during the announcement on April 2. However, the latest annex document shows that the tariffs have been revised down to 26%. The US’ trading partners will be subject to a global 10% tariff on April 5, after which only the countries listed in the annex would have their rates elevated to the revised numbers. Around 60 countries have been slapped with reciprocal tariffs. The measures announced by the US could lead to an overall contraction of around 1% in global merchandise trade volumes this year, the World Trade Organization (WTO) said Thursday.

«It is the right time to stick to the domestic side, where again the sectors like banking, again financially, if you look even in this current corrective phase banking as a sector clearly is showing the relative outperformance even in this current corrective phase,» says Dharmesh Shah, ICICI Direct. What should one expect because I am sure the charts must be going all over the place with the news flow being so volatile? Dharmesh Shah: Yes, definitely, the things are not in line with expectations. But we believe the market should form more of a higher base formation in this current corrective phase.

Vladimir Putin of dragging his feet in ceasefire talks to bring a halt to fighting in Ukraine and ramped up pressure on Moscow by insisting that he owes the United States an immediate answer. Russia has effectively rejected a U.S. proposal for a full and immediate 30-day halt in the fighting after a Kremlin official said on Monday that Moscow views efforts to end its three-year war with Ukraine as «a drawn-out process.» «Our judgment is that Putin continues to obfuscate, continues to drag his feet,» British Foreign Secretary David Lammy told reporters at NATO headquarters, standing alongside his French counterpart Jean-Noel Barrot in a symbolic show of unity. Britain and France are helping to lead a multinational effort known as the «coalition of the willing» to set up a force to police any future peace in Ukraine. Lammy said that while Putin should be accepting a ceasefire, «he continues to bombard Ukraine. It's civilian population. It's energy supplies. We see you, Vladimir Putin. We know what you are doing.»

Kolkata Knight Riders splashed a whopping Rs 23.75 crore to secure Venkatesh Iyer at the IPL mega auction, the cricketing world went into a frenzy. The price tag made him KKR's most expensive player ever and the third costliest buy in the league's history. But after scoring just 9 runs in his first two outings this season, murmurs turned into full-blown debates—was he really worth the money? However, his innings against Sunrisers Hyderabad was enough to show the class player that he is. Iyer has finally opened up on the costly buy and the pressure it builds on players like him. «I won't lie, there is a little pressure. You guys talk so much,» Iyer quipped at the post-match press conference. «But being the highest-paid player (in KKR) does not mean I have to make runs in every match.» «It's about how I am winning for the team and what impact I am able to make. The pressure is not about how much money I am getting or how many runs I have to make. That's never been the pressure on me,» he said firmly.

Salman Khan’s Sikandar has seen a further drop in its earnings. The movie, which released on March 30, has witnessed declining box office collections since Eid. On Thursday, April 3, Sikandar saw a fall of 41.03 percent in its collection. As per Sacnilk, Sikandar grossed Rs 5.75 crore on April 3, bringing its total domestic earnings to Rs 90 crore.

Rajya Sabha passed the Waqf (Amendment) Bill, 2025 on Friday with 128 members voting in favour and 95 against it. With the Lok Sabha having already passed the Bill on Wednesday, it is set to become law after the approval of the President of India. The debate on the Bill was marred by frequent heated exchanges between the Treasury and the Opposition benches. In a House with total strength of 236, members present were 223 during voting. After all amendments moved by Opposition members were negatived, the Bill was passed at 2:33 am. In his introductory remarks during the debate on the Bill, Minority Affairs Minister Kiren Rijiju said the Bill aims to bring transparency and accountability in the Waqf Boards. “Some people have said this Bill is aimed at harming Muslims and is unconstitutional. I want to dismiss these charges…We do not want to hurt anybody’s sentiments,” he said. The minister emphasized that there is no attempt to interfere in the religious practices of Muslims. Appealing to the Opposition to not engage in politics and rhetoric during the debate, Rijiju said the Narendra Modi government has shown the courage to carry out what Congress and other parties could not in the past. He reiterated his words that Waqf properties worth thousands of crores were not bringing any substantial benefits to the Muslims. If these properties are used well, they would benefit the poor Muslims and women, he added.

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Subscribe to enjoy similar stories. The Indian stock market witnessed a volatile session on Thursday, as investors remained cautious amid global economic uncertainties and tariff decisions from the US. Why it’s recommended: The stock has given a triangle pattern breakout on the hourly chart, with bullish momentum supported by RSI above 60 on the daily chart.

Marvel Rivals has been confirmed through an official trailer for the game released earlier today. Among the details revealed by the teaser are the new playable characters that will join the game in Season 2. The upcoming season will go live on April 11.

National Burrito Day is observed every year on the first Thursday of April, and in 2025, it falls on April 3. The annual celebration of the widespread Mexican and Tex-Mex staple known as the burrito takes place every April 3. The burrito evolved substantially as it traveled from Mexico to become thriving in the United States.

Kim Kardashian has announced her next project, a satirical comedy show Group Chat, which has been signed on by streaming platform Hulu. Hulu has officially handed a pilot order for Group Chat, which will be executive produced and led by La La Anthony, Deadline reported. The show will be written by Black-ish creator Kenya Barris, who will also serve as its executive producer along with Kardashian. Apart from that, the reality TV star will also feature in it.

Business of word play- Union minister Jyotiraditya Scindia on Thursday spoke about the government's attempt to revive BSNL. After he completed his reply during question hour in the Rajya Sabha, Chairman Jagdeep Dhankhar said that BSNL now means 'Bhai Sahab Nishchit Lagega' while in the past people used to criticise BSNL for poor connection by mocking it as 'Bhai Sahab Nahi Lagega'. Happy about screen time- Sansad TV’s decision to show the presiding officer and the MP speaking at the moment in a split frame on the screen has made panellists chairing the proceedings happy. While the initial reaction was that this has been done to give more footage to the Rajya Sabha Chairman and the Lok Sabha Speaker, the panellists are delighted as they get more visibility in the few minutes that they get to preside over the proceedings. People from their constituency and the state concerned see the panellists almost throughout the period they chair the proceedings.

Rahul Gandhi on Thursday raised the issue of reciprocal tariffs imposed by US President Donald Trump in the House on Thursday and said it will «completely devastate» the Indian economy. Gandhi raised the issue during Zero Hour and said, «Our ally has suddenly decided to impose a 26% tariff, which is going to completely devastate our economy — our auto industry, pharmaceutical industry, and agriculture are all in line.» Trump on Wednesday announced new reciprocal tariffs on several countries, including India, saying that the US has been «looted, pillaged, raped, plundered» by other nations. While the US announcement lists 26% as the tariff levied on India, other documents, including those received by the ministry, show that the rate is actually 27%. Gandhi also claimed that China had taken over 4,000 square kilometres of Indian territory and demanded answers from the government over these issues.