Mumbai: Spices manufacturer Pushp Brand (India) is likely to file its draft red herring prospectus (DRHP) for over ₹1,000 crore initial public offering (IPO) in the last week of May, sources familiar with the development told ET.

The proposed issue of the Indore-based firm, owner of the ‘Pushp Masale‘ brand, is expected to be a mix of fresh issue and offer for sale, according to multiple sources. ICICI Securities and IIFL Capital Services are said to be the book-running lead managers for the issue.

Emails sent to the company and the bankers went unanswered.

Pushp’s closest listed peer is Orkla India, the Norwegian-owned parent of MTR Masala, which launched its ₹1,667 crore IPO in October 2025.

Shares of Orkla India with a market capitalisation of ₹8671 crore are down nearly 10% since listing in November, 2025.

Investors in emerging markets are getting slammed by a fresh wave of political turmoil that is derailing bets from Latin America to Eastern Europe.

With just weeks to go until key presidential votes, markets in Colombia and Peru are selling off as traders recalculate odds of left-wing candidates prevailing. Bolivian bonds have tumbled as street protests against the government threaten supplies of food and medicine to the nation’s capital. In Turkey, markets tanked after a court removed the leader of the country’s main opposition party.

The episodes are a fresh reminder of underlying risks that still plague the asset class, which has delivered strong returns for investors in the past year – even as tensions in the Middle East rattled global markets.

“Political risk manifests itself when the macro is under pressure, and in an environment where all the prices are going up, especially in oil-importing economies and poor countries the issues flare up, they come to the fore more vividly,” said Francesc Balcells, chief investment officer at FIM Partners, whose firm oversees $5 billion.

The political jitters are not contained to Latin America. In Malaysia too, markets were briefly roiled after Prime Minister Anwar Ibrahim raised the prospect of a snap election as friction with the ruling coalition deepened.

“The thinking now is to basically get small wins, small successes here and there, instead of these mega projects,” says Abdullah. “Like, for example, the Red Sea island resort of Sindalah could be one small win that they can promote, which is basically a very traditional style of resort, which can still be presented as part of the vision, instead of the likes of The Line and The Cube. And so they can say, ‘these represent the basis of Neom, and we didn’t have to have the whole thing’.”

Sen. Bernie Sanders, I-Vt., warned Sunday that artificial intelligence (AI) and robotics could replace American workers and even damage children’s social development if the technology is controlled by billionaires prioritizing profits over people.

Speaking at a “Fight Oligarchy” rally in Maine, the Vermont independent argued that AI could deepen economic inequality and worsen an ongoing mental health crisis among young people.

“Kids are lonelier and lonelier,” Sanders said. “I do not want the next generation to have as their friends AI bots. I want them to have other kids, other human beings as their friends.”

Sanders said artificial intelligence and robotics are poised to become “the most transformative economic revolution in the history of this country” and warned that the technology could eliminate jobs across multiple industries.

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“What is the function of AI and robotics?” Sanders asked the crowd. “It is to replace human labor.”

The senator pointed to automation in manufacturing and the future expansion of driverless vehicles as examples of looming disruptions to the workforce.

“Truck drivers and cab drivers, Uber drivers, Lyft drivers, etc. will be losing their jobs in the not too immediate future,” Sanders said.

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While Sanders acknowledged AI could provide benefits, including reducing the workweek while maintaining wages, he argued the technology must be regulated to ensure it benefits workers rather than wealthy tech executives.

“What we have got to do is make sure that AI and robotics work for all of the people, not just the billionaires who are developing that technology,” he said.

Sanders also warned about the potential societal impacts of artificial intelligence, including misinformation and growing social isolation among children.

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“If AI undermines our democracy by putting stuff on screens in which you cannot tell truth from fiction, that’s a bad thing,” Sanders said.

The senator specifically criticized Meta CEO Mark Zuckerberg, claiming corporate leaders are prioritizing profits over workers as AI rapidly expands.

“These guys are in it for the money,” Sanders said. “They want more wealth and more power, and they do not care what happens to workers.”

The remarks came during Sanders’ latest stop on his nationwide “Fight Oligarchy” tour, which has focused heavily on wealth inequality, corporate power and opposition to President Donald Trump.

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During the speech, Sanders also accused billionaires and superPACs of trying to “own and control the United States Congress” and called the U.S. political system increasingly dominated by wealthy interests.