Business
Equity indices decline marginally on profit booking

India’s key equity indices — Sensex and Nifty — declined marginally in early trade on Tuesday due to profit booking.
This comes after a sharp rise in indices on Monday led by the announcement of the merger of HDFC twins.
At 9.51 a.m., Sensex was 0.3 per cent or 208 points down at 60,404 points, whereas Nifty 0.3 per cent or 52 points down at 18,001 points.
Among the stocks, HDFC, HDFC Bank, Bajaj Finance, Kotak Mahindra Bank, and Bajaj Finserv were the top five loser among the Nifty 50 companies, while Tata Motors, Adani Ports, UPL, Eicher Motors, and Tech Mahindra the top five gainers, NSE data showed.
National
J&K L-G gives assent to three bills passed by Assembly

Jammu, April 7: The Jammu and Kashmir Legislative Assembly was informed on Monday that Lt. Governor Manoj Sinha has given assent to three bills passed by the House earlier.
Manoj Kumar Pandit, secretary, Jammu and Kashmir Legislative Assembly, informed the House that three Bills passed by the Legislative Assembly were assented to by the Lt Governor on March 25.
The Secretary read out in the House: “Three Bills, passed by the Legislative Assembly, have been assented to by the Lieutenant Governor on the 25th of March, 2025. The Bills include The Jammu and Kashmir Goods and Services Tax (Amendment) Bill, 2025 (L.A. Bill No. 1 of 2025), The Jammu and Kashmir Appropriation Bill, 2025 (L.A. Bill No. 2 of 2025) and The Jammu and Kashmir Appropriation Bill, 2025 (L.A. Bill No. 3 of 2025).”
The House resumed question hour after ruckus marred the proceedings in the morning, forcing Speaker Abdul Rahim Rather to adjourn the House for 15 minutes.
National Conference MLAs Nazir Gurezi and Tanvir Sadiq demanded that the question hour be deferred to allow a discussion on the Waqf Amendment Act.
The demand was supported by Congress, PDP and some other members, while the BJP opposed the move.
The Speaker ruled that since the matter is sub judice, he cannot allow a debate on the subject.
Former Chief Minister and PDP Chief Mehbooba Mufti termed the rejection of the adjournment motion on the Waqf Amendment Act “profoundly disappointing” and accused the NC government of yielding to the BJP’s “anti-Muslim” agenda.
“It’s profoundly disappointing that the speaker J&K Assembly has rejected the motion on the Waqf Bill. Despite securing a strong mandate, the government appears to have completely yielded to the BJP’s anti-Muslim agenda, cynically attempting to appease both sides,” Mehbooba Mufti wrote in her post on X.
Senior religious and separatist leader Mirwaiz Umar Farooq also criticised the Speaker’s decision. The Mirwaiz said on X: “It is ridiculous and condemnable that Tamil Nadu which only has 6% Muslim population, passes a strong anti Wakf resolution in it’s assembly, while the Muslim majority J&K assembly speaker is struggling and refusing, by hiding behind technicalities, to discuss this deeply concerting issue for the Muslims of the state. The speaker would know that the strong peoples mandate given to his party was precisely for the reason that the party had promised to safeguard the interests of the people being trampled upon since August 2019 and take a stand for them in critical matters. Why is he capitulating so meekly?”
Business
Google to empower 20 AI-powered Indian startups

New Delhi, April 7: Tech giant Google on Monday announced that it is all set to empower 20 Indian startups through the second edition of its ‘Google for Startups Accelerator: Apps’ programme.
The initiative, supported by Google Play, is designed to help app-based startups in India make the most of artificial intelligence (AI) and scale their products effectively.
The programme is being run in collaboration with the MeitY Startup Hub, whose support, Google said, has played a key role in extending the reach and impact of the initiative.
In a statement, Google said India’s startup and developer ecosystem is a ‘hotbed of innovation’ and the company is proud to support its growth.
With the accelerator, the US-based tech major aims to equip emerging app startups with cutting-edge AI tools, expert guidance, and mentorship from its top engineers and researchers.
The programme will run for three months and is open to Indian startups that are already using AI or are looking to integrate AI into their apps.
“To be eligible, startups must have a published app on the Play Store, be incorporated in India, and be funded between Seed and Series-A stage,” said Paul Ravindranath, Programme Manager, Google for Startups Accelerator India.
The second cohort will focus heavily on AI, recognising its growing importance in the future of app development.
Through personalised mentorship and collaboration with Google experts, these startups will receive support to improve their AI capabilities, enhance user experience, strengthen security, and accelerate user growth.
Google highlighted that the first cohort of 20 startups saw major progress in technology, design, and engagement, thanks to hands-on mentorship and access to Google’s resources.
The upcoming cohort will also benefit from similar support, including custom reports to help them perform better on Google Play.
Applications are open until May 15 and the programme will begin in July with a week-long bootcamp. During the application period, interested startups can also attend weekly virtual open forums every Thursday to learn more and ask questions, according to the company.
National
Pleas challenging validity of Waqf Act mentioned before CJI for urgent listing

New Delhi, April 7: The pleas in the Supreme Court challenging the recent amendments introduced to the Waqf Act were mentioned on Monday before Chief Justice of India (CJI) Sanjiv Khanna for urgent listing.
Senior advocate Kapil Sibal urged CJI Khanna to give an urgent hearing on the petitions challenging the constitutional validity of the Waqf (Amendment) Act, 2025.
In response, the CJI, who is the master of the roster, asked the senior counsel if he had moved an email containing the mentioning letter. When informed that the same had already been done, CJI Khanna said, “I will get the letter and do the needful this afternoon.”
Several petitions have been filed before the apex court challenging the amendments immediately after the Parliament passed the Waqf (Amendment) Bill, 2025, on Friday.
After the legislation was passed in both Houses of Parliament, the Indian National Congress announced it would challenge the Waqf (Amendment) Bill before the Supreme Court. Congress claimed that it was an attack on the basic structure of the Constitution and was aimed at “polarising” and “dividing” the country on the basis of religion.
In his petition, Congress MP and party whip in Lok Sabha Mohammad Jawed contended that the amendments violated Articles 14 (right to equality), 25 (freedom to practice and propagate religion), 26 (freedom of religious denominations to manage their religious affairs), 29 (minority rights), and 300A (right to property) of the Constitution.
Similarly, All India Majlis-e-Ittehadul Muslimeen (AIMIM) chief Akbaruddin Owaisi has moved the top court, saying that the impugned amendments are “ex facie violative of Articles 14, 15, 21, 25, 26, 29, 30, 300A of the Constitution of India and manifestly arbitrary”.
The concept of ‘Waqf’, rooted in Islamic laws and traditions, refers to an endowment made by a Muslim for charitable or religious purposes, such as mosques, schools, hospitals, or other public institutions. The government said that crores of poor Muslims will benefit from this legislation, and in no way does it harm any single Muslim.
Minority Affairs Minister Kiren Rijiju has said the legislation did not interfere with the Waqf properties, adding that the Modi government works with the vision of ‘Sabka Saath and Sabka Vikas’.
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