India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Popular market analyst and key opinion leader (KOL), Ted Pillows, shares an insight into the Solana (SOL) market, stating the altcoin is likely to experience further price corrections in the short term. This price forecast comes amid a general crypto meltdown during which Solana prices have crashed by over 15% in a week. In an X post on August 1, Pillows outlines a Solana price prediction based on a forming cup-and-handle pattern on the monthly chart. In general trading, the cup-and-handle represents a classic bullish continuation pattern. As observed in the chart below, it begins with a tea cup formation where price first declines and then gradually recovers, forming a "U" or bowl-shaped curve. After the cup, the price pulls back slightly, creating the "handle." Pillows' analysis indicates that Solana is currently at this stage of the bullish pattern following a previous price rally to $235 earlier in January 2025. Solana is now undergoing a long-term descending consolidation movement, which Pillows project will lead the altcoin to trade as low as $140-$150. Presently, SOL trades around $159, indicating the altcoin may still undergo an additional estimated 11% price loss despite the registered heavy corrections in the past week. However, being a bullish continuation pattern, Solana's successful return to $140-150 price range would also signal a potential price rally. However, Pillows' analysis also indicates that the altcoin must first break past the neckline price at $235 to validate such bullish intent. If this scenario plays out positively, the top market analyst predicts Solana to trade as high as $1,000, suggesting a potential 532.91% gain on present spot prices. Despite recent price corrections, Ted Pillows strongly supports Solana's bullish potential, noting the altcoin continues to record high levels of network activity, signalling a substantial level of market interest. At the time of writing, Solana trades at $159.34 after a 3.84% decline in the past day. Meanwhile, the asset's daily trading volume is also down by 37.85% and valued at $4.98 billion. However, in line with Pillows' prediction, Solana holds immense potential for future price appreciation, especially as a potential altseason approaches. The bullish sentiment among SOL investors is also driven by substantial institutional interest in the altcoin among many others. NewsBTC has earlier reported that several asset managers, including Grayscale, VanEck, and Fidelity, have also revised their Solana Spot ETF applications with the SEC, indicating ongoing dialogue between both parties in view of a potential approval.
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. A well‑known commentator in the crypto space has made a bold pitch. According to reports, Crypto Bitlord urged every new investor to put all their money into XRP. This call comes after XRP surged to seven‑year highs above $3 and hit a peak of $3.60. The token posted a 21% gain in a single week, outpacing even Bitcoin's record run. Bitlord pointed out that someone who invested $50,000 in XRP at roughly $0.60 last November would now hold about $289,000 as prices hover near $3.47 ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. According to chart work shared by market analyst Mikybull, XRP is sitting inside what he calls a tight bullish structure that could lead to a sharp rise. Reports have disclosed the setup on a three-week chart and suggested the corrective phase may be ending. The analyst flagged several price levels that traders are now watching closely. Mikybull pointed to an ABC correction pattern that looks close to finishing. He showed XRP hovering around $2.50 and sitting just above a long- ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. A cryptocurrency analyst has pointed out how Cardano has formed a technical analysis (TA) signal on its weekly chart that last led into a major price drawdown. In a new post on X, analyst Ali Martinez has talked about a signal that has appeared in the SuperTrend of Cardano. The "SuperTrend" refers to a TA indicator that's generally used for determining whether a given asset is following a bearish or bullish trend. It's built using the Average True Range (ATR), another TA indica ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. As political tensions between US President Donald Trump and Elon Musk escalated yesterday, the Bitcoin (BTC) market experienced a sharp shift in sentiment, with the funding rate on Binance flipping from positive to negative within hours. According to a CryptoQuant Quicktake post by contributor Darkfost, BTC funding rates on Binance have once again turned negative, even as the top cryptocurrency continues to trade above the $100,000 mark at the time of writing. The analyst attr ...Read More >
Jaipur: Police in Didwana have stepped up their probe into a cross-border smuggling case in which they arrested two arms and drug smugglers on June 27 for supplying Austrian Glock and Chinese Norinco pistols. It has emerged that the case has links to a massive Rs 300-crore heroin consignment seized by Punjab's Amritsar police near the India-Pakistan border in Barmer on June 30. Canada-based Joben Kaler was identified as the main overseas handler of the heroin consignment. Didwana-Kuchaman police had arrested Mohammad Ilyas from Khunkhuna and Amarjeet Singh Takhar, alias Prince, from Jalandhar ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin started the month of July with a convincing rally to the upside, suggesting a sustained bullish sentiment amongst investors from its performance by the end of June. The upward rally, however, cooled off following the release of positive employment data by the United States. Traders might have expected this data to be typically bullish, but that has hardly been the reality for the Bitcoin price. Nevertheless, a certain investor cohort, as shown by on-chain revelation, ha ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. In this ever-changing crypto market, more and more investors are beginning to adjust their pace. The way of making quick money by relying on short-term fluctuations and frequent transactions in the past no longer seems so reliable. In particular, those who hold XRP and ETH for a long time are beginning to turn their attention to another more stable way - cloud mining. This is a UK cloud mining platform established in 2018, headquartered in Warrington, and affiliated to the reg ...Read More >
New Delhi [India], July 11: With the crypto market poised for recovery, traders are turning their attention to tokens expected to deliver exponential gains. While Solana (SOL) and Cardano (ADA) are flashing signs of strength, their upside may be limited to moderate gains. In contrast, Little Pepe (LILPEPE), a meme coin with infrastructure, is being tipped for a possible 2,000% breakout by the end of Q4 2025. Little Pepe (LILPEPE): A New Meme Giant with 2,000% Upside Potential Amid the buzz around Layer-1 and Layer-2 ecosystems, a meme coin is quietly rising, and it's not just about laughs. L ...Read More >
MUMBAI: ICICI Bank has rolled back its rule requiring new savings accounts opened after Aug 1 to maintain a monthly average balance (MAB) of Rs 50,000 and has revised the threshold to Rs 15,000. The move follows a social media backlash against the higher balance requirement, which was criticised for making banking exclusive.The bank said it has revised its schedule of charges and MAB requirements following customer feedback. The changes do not apply to salary accounts, senior citizens above 60 years, basic accounts/PM Jan Dhan Yojana accounts, or those opened before July 31, 2025.Meanwhile, HD ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Web3 gaming's FUNToken emerges with strengthened fundamentals following smart contract lock implementation and CertiK audit clearance. Trading at $0.009894 as of June 28, 2025 shows a bullish trend. With total and circulating supply fixed at 10.81 billion FUN tokens, these security enhancements are capturing investor attention amid the price surge. Market analysts are evaluating whether these developments signal an impending price movement. Our fundamental analysis examines the ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ethereum has posted significant gains over the past week, rising 29% and approaching its all-time high near $4,800 set in 2021. At the time of writing, ETH trades at $4,662, putting it within range of the $4,750-$4,800 resistance zone that has historically marked a key supply area for the market. This price move coincides with unprecedented network activity and notable on-chain flows that analysts say could influence the short-term price direction. Data from CryptoQuant contri ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. After hitting a one-month low, Solana (SOL) has bounced from a critical support zone and is attempting to reclaim a crucial psychological barrier before potentially resuming its bullish rally. However, some analysts suggested that the cryptocurrency could retest new lows if the market volatility persists. On Thursday, Solana lost the $200 level as support after closing the day below this level for the first time in nearly a month. The cryptocurrency has been trading inside the ...Read More >
Bengaluru (Karnataka) [India], July 18 (ANI): Reacting to Bihar Chief Minister Nitish Kumar announcement of free electricity up to 125 units, Karnataka Deputy Chief Minister DK Shivakumar said that whatever schemes the Congress party is giving in Karnataka, the entire country is following it. Speaking to the media, Shivakumar emphasised that in the entire country, Congress Party has stood for the welfare of the people. After independence, till today, whenever the Congress Party is in power, either in the Central or state government, it has given various schemes, such as pension, woman and ch ...Read More >
Mumbai, August 14: Leading cryptocurrency Bitcoin hit a record high of $124,210 on Thursday over increasing expectations for more lenient monetary policy from the US Federal Reserve. The development, coupled with supportive financial reforms, particularly under the pro-crypto stance of the US President Donald Trump's administration, boosted investor sentiment. The world's largest crypto asset by market capitalisation climbed over 0.9 per cent to $124,210, surpassing its previous peak in July. But as of 10.30 am, the BTC has dropped to $1,23,036.80. The second-largest crypto-token Ether also h ...Read More >
New Delhi: Protest at the Aligarh Muslim University (AMU) against a recently announced fee hike, the long-standing suspension of students' union elections and calls for administrative accountability have entered their sixth day, with students boycotting classes and staging sit-ins at the Bab-e-Syed gate (the iconic entrance of the varsity). The fee structure for different courses has witnessed a sharp revision. Students say the hike ranges from 25% to over 60% across various programmes. Many claim they first learned of the revised fees only while trying to pay through the university's online ...Read More >
Silchar: Assam chief minister Himanta Biswa Sarma on Friday visited the flood-ravaged districts of Hailakandi and Sribhumi in the Barak Valley. He assured affected residents of providing timely disbursement of rehabilitation grants and swift repair of damaged infrastructure.This marks Sarma's second visit to the flood-hit region within four days, underscoring the gravity of the situation. Speaking to the media in Sribhumi after inspecting multiple relief camps, the CM said, "Flood-related problems may persist till July. I will return before Durga Puja to ensure that roads and infrastructure ar ...Read More >
Kolkata, June 28: A political slugfest has erupted in West Bengal after a woman accused Padma Shree awardee monk Kartik Maharaj, who is posted with the Murshidabad unit of Bharat Sevashram Sangha, of allegedly raping her 12 times for six months in 2013. As per the police complaint lodged by the woman, Kartik Maharaj raped her multiple times 12 years ago promising her a job at a local school. The ruling Trinamool Congress is highlighting the issue in a major way and accusing the BJP of being silent on it since the accused monk had been reportedly close to the saffron party. The woman accusin ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ethereum is facing a crucial test as bulls and bears lock into a tight battle around the $2,500 level. Despite repeated attempts, bulls have yet to establish control above this key resistance, while bears have been unable to push the price to new lows, signaling an indecisive but increasingly tense standoff. This price compression comes at a time when broader market sentiment is shifting. The US stock market has just reached a new all-time high, and analysts believe crypto could ...Read More >
New Delhi: Was it the pitch? Was it the conditions? Was it the bowling? The questions doing the rounds after yet another strange show in good batting conditions by India were many. But with the exception of Shubman Gill, who became just the second Indian captain, after Mohammad Azharuddin, to score hundreds in consecutive matches in England, and Yashasvi Jaiswal, few India batters managed to answer them in a satisfactory manner. After being put into bat by England, India looked like they were in control at various points during the day but then somehow contrived to gift away wickets and end t ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Pump.fun, the Solana-based platform enabling users to easily launch and trade custom tokens -- especially meme coins -- has just marked a historic milestone. On Saturday, Pump.fun raised over $500 million during its highly anticipated PUMP token public sale. In an astonishing show of demand, the sale sold out in only 12 minutes, highlighting the project's explosive growth and rising popularity across the crypto space. Designed for accessibility, Pump.fun allows virtually anyone ...Read More >
Bengaluru: A physics lecturer from a private college in Dakshina Kannada and two of his friends have been arrested by Bengaluru police for allegedly blackmailing and raping a student.When the mental torture by the trio became intolerable, the girl narrated to her parents how she was being exploited. Subsequently, she went to Marathahalli police station along with her parents on July 5 and lodged a complaint seeking action against the perpetrators. Acting swiftly, the cops arrested the trio the following day. The accused are Narendra, a physics lecturer, Sandeep, a biology lecturer -- both work ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Solana (SOL) has exploded 12% in the past 24 hours, briefly touching the $200 mark, as a wave of institutional adoption and tokenization milestones supercharge its rally. At the forefront is DeFi Development Corp (DDC), whose aggressive treasury strategy now holds over 1.3 million SOL worth nearly $250 million, earning $63,000 daily in staking rewards. The company's 10% Annualized Organic Yield (AOY) and validator operations underscore Solana's staking advantage over non-yield ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. After finishing up its crash over the weekend, the Bitcoin price seems to be stabilizing as market sentiment starts to move positively once again. However, this has not done much to eliminate the bearish expectations that have erupted following the October 10 liquidation event. As opposed to the expectations that the Bitcoin price will see a recovery bounce that sends it to new all-time highs, crypto pundit MMBTrader has revealed what they call the 'Whale Buy Zone' to snap up so ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. After days of fluctuating around the $105,000 range, Bitcoin appears to be succumbing to pressure from bears and profit-taking from traders. The most recent 24 hours were marked by Bitcoin losing its hold on the $105,000 price level, crashing until it rebounded at a lower support range around $101,000. However, technical analysis of Bitcoin's daily candlestick timeframe chart shows that this price level is increasingly under threat, and a formation is currently in place that co ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. A cryptocurrency analyst has pointed out how Pudgy Penguins (PENGU) is starting to look similar to Pepe (PEPE) did before its explosion. In a new post on X, analyst Ali Martinez has talked about how PENGU is showing to the memecoin PEPE in its price chart. Below are the graphs shared by Martinez comparing the trends of the two side-by-side. In both charts, the analyst has marked the Fibonacci Retracement levels for the assets, lines that are based on ratios from the famous Fib ...Read More >
Mumbai: The attack on Sambhaji Brigade leader Pravin Gaikwad has triggered a stir in Maharashtra politics with opposition parties alleging the assailants were the BJP activists. However, Maharashtra minister Chandrashekhar Bawankule claimed the BJP has nothing to do with the attack. Raising the issue in the Maharashtra Vidhan Sabha, Congress legislative party leader Vijay Wadettiwar said that Gaikwad was fatally attacked, dragged out of his car, and his face was blackened. He claimed it was an attempt on Gaikwad's life. Gaikwad was manhandled and ink was hurled on him allegedly by activists ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Upexi, a Nasdaq-listed company, has stepped up its bet on Solana by forming a new advisory committee and naming Arthur Hayes as its first member. Reports have disclosed the move came with a clear push to support the firm's large Solana treasury, which has drawn attention from investors and rival corporate treasuries alike. According to Upexi's own filings and public statements, the company now holds over 2 million SOL in its treasury. That stake has been built quickly through ...Read More >
New Delhi: In the past year, gold has delivered massive gains to Indian investors. On 11 September 2024, the price of 24-karat physical gold stood at around Rs 73,200 per 10 grams. One year later, it has surged to Rs 1,12,500 per 10 grams -- a jump of nearly 54 percent. Gold ETFs have mirrored this rally too. Over the last 12 months, these exchange-traded funds have offered average returns of up to 50 percent. August 2025 alone saw a net inflow of Rs 2,189.5 crore into gold ETFs -- the fourth consecutive month of inflows. According to AMFI, their assets under management (AUM) hit a record Rs ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ethereum (ETH) is back in the spotlight after Fidelity clients purchased roughly 36,460 ETH ($154.6 million), signaling renewed institutional demand even as spot ETH ETFs logged heavy redemptions. Before stabilizing around $4,100, the second-largest cryptocurrency briefly dipped below $4,000 this week, but several analysts argue the pullback places ETH in a key "buy zone" ahead of a potential push toward new highs. Fidelity's reported buy spotlights a growing trend as traditio ...Read More >
, /PRNewswire/ -- Canaan Inc . (NASDAQ: NASDAQ:CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that the Company will participate in the following investor conferences in . Canaan's management plans to host one-on-one meetings with institutional investors at the conferences. For more information about the conference or to schedule a one-on-one meeting, please contact your representative at each institution or contact the Company at IR@canaan-creative.com. About Canaan Inc. Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technolo ...Read More >