ICICI Bank is set to buy a 10% stake in the proposed oil refining joint venture between Indian Oil Corporation Ltd (IOCL) and Chennai Petroleum Corporation Ltd (CPCL). The proposed joint venture plans to establish a petroleum refinery in Tamil Nadu's Nagapattinam, according to bank's exchange filing. IOCL and CPCL will hold a stake of 25% each in the refinery.

The India Meteorological Department (IMD) has issued heat wave warning for several states/UTs for the next two days. Heat wave is very likely in Rajasthan, Haryana, Chandigarh, Delhi, Uttar Pradesh, Himachal Pradesh and Gujarat on Saturday and Sunday. While, it is very likely in Punjab on Saturday, as per the latest IMD bulletin.

Sensex crashed 1,000 points on Friday amid trade war concerns following US President Trump's tariff announcement and FII selling. "Markets are going through heightened uncertainty that's likely to last some time," Geojit's VK Vijayakumar said. US stock market's biggest single-day loss since 2020 kept investors away. Trump's warning of 'never seen before' pharma tariff rattled Indian pharma stocks.

China's finance ministry on Friday said it will impose additional tariffs of 34% on all US goods from April 10. This comes as a countermeasure to the tariffs imposed by US President Donald Trump. China's State Council Tariff Commission stated that US' actions violate international trade rules and constitute unilateral economic coercion.

During his meeting with Muhammad Yunus in Bangkok, PM Narendra Modi told the Bangladesh government head to avoid rhetoric that spoils the environment, Foreign Secretary Vikram Misri said. "PM Modi also underlined India's concerns over the safety and security of minorities in Bangladesh and reiterated India's support for democratic, stable...and inclusive Bangladesh," Misri added.

US has revised the reciprocal tariff on Indian imports back to 26% from 27%, according to a White House document. India's tariff rate was on Friday revised to 26% in the latest White House annex listing future reciprocal tariff rates. In the annex document, India's rate was on Thursday listed at 27%, rather than the 26% shown previously by Trump.

Sensex tumbled over 800 points on Friday and was trading below the 76,000-mark after US President Donald Trump's reciprocal tariff announcements spooked the global stock markets. Nifty was down over 300 points and was trading below the 23,000 level. Nifty Auto, Nifty Metal and Nifty Pharma crashed over 1% each, as investors trimmed their holdings.

Union Minister Piyush Goyal, while speaking at Startup Mahakumbh, urged Indian startups, "We need to think big...We'll need to experiment...Let's explore the unknown." On those running food & grocery delivery apps, Goyal said, "Wealth creation in the short run may happen with some of these conveniences...Par dukandari ka hi kaam karna hai humein? (Do we have to do shopkeeping only?)"

Sri Lankan all-rounder Kamindu Mendis has become the first cricketer to bowl with both hands in an IPL match. He did it in his debut match for SRH against KKR at Eden Gardens on Thursday. Brought to bowl the 13th over of KKR's innings, Mendis bowled three balls of left-arm spin and three of off-spin.

After the Waqf (Amendment) Bill, 2025, was passed by the Parliament, PM Narendra Modi said, "The Waqf system...harmed the interests of Muslim women, poor Muslims, Pasmanda Muslims." "We will now enter an era where the framework will be more modern and sensitive to social justice. On a larger note, we remain committed to prioritising dignity of every citizen," he added.

PM Narendra Modi posted on X, "The passage of the Waqf (Amendment) Bill and the Mussalman Wakf (Repeal) Bill by both Houses of Parliament marks a watershed moment in our collective quest for socio-economic justice, transparency and inclusive growth." He added, "This will particularly help those who have long remained on the margins, thus being denied both voice and opportunity."