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. A well-known crypto commentator has set off fresh debate by laying out a dramatic buy plan for Cardano (ADA), while market data points to a more cautious near-term picture. According to Mr. Brownstone, Cardano could offer a once-in-a-lifetime buying chance if price action follows a specific pattern. He highlighted sniper entry points and sketched a five-wave move that would, on his chart, lift ADA into three-digit territory. At the time reports were filed, ADA had risen 4% in 24 hours and was trading around $0.67. That followed a pullback of more than 20% over the prior two weeks and a flash crash low near $0.27 on Binance on October 10. Based on the analyst's wave count, ADA would first rebound to about $0.91 before slipping back to roughly $0.42. The third wave in his sequence is shown at $22.89. That number represents a 3,34% gain from the then-current price. A corrective move to $7.5 would come after that, with a later target of $167 at the 1.38 Fibonacci extension. The chart's most extreme path points to the 1.61 extension at $572 -- a projection that Mr. Brownstone ties to long-term cycles, with a possible arrival year of 2034, which is about nine years away from now. According to his view, one last deep dip near $0.20 would set the stage for the entire structure. He suggests that a fall to about $0.20 -- roughly a 70% drop from the market price at the time of his forecast -- could happen in the first quarter of 2026. But market signals point in a different direction today. Reports have disclosed that futures Open Interest for ADA fell to over $112 million, the lowest year-to-date and levels not seen since November 2024, based on Coinglass data. Open Interest dropping usually means fewer new positions are being taken. At the same time, short bets rose and trader participation waned. ADA had corrected nearly 7% in the previous week and was hovering around $0.65 at the time of writing. Taken together, the picture is mixed. The analyst's scenario offers huge upside numbers: $22.89, $167.4, and the eyebrow-raising $572.4. But those figures rest on a strict wave interpretation and the assumption of fresh, strong buying after a dramatic low near $0.20. Market breadth and derivatives data do not yet support that kind of conviction. Participation is lower and short interest is higher, which usually points to weaker near-term momentum. Reports have shown both sides: a vivid long-term plan and data that favors caution right now. Traders and investors will need to weigh the math of wave counts against real trading flows and the possibility that prices could stay subdued for some time.
New Delhi, Dec 26 (PTI) The Metropolitan Stock Exchange of India (MSE) is set to raise Rs 238 crore from four entities including Billionbrains Garage Ventures, Groww's parent, and Zerodha's Rainmatter Investments in a bid to stay afloat. Others who invested in MSEI are -- BSE-listed Share India Securities, and Securocorp Securities India. The exchange's board in its meeting on Tuesday approved the issuance of 1.19 billion equity shares at Rs 2 per share, comprising Rs 1 face value and Rs 1 premium to these four investors through a private placement, according to a disclosure on MSEI's websit ...Read More >
Mumbai, Feb 10: The rupee on Monday plunged 45 paise and moved closer to the 88 per US dollar-level, weighed down by the strength of the American currency tariff concerns, but eventually settled at 87.45, up 5 paise, following RBI intervention. The American currency gained in the overseas market after US President Donald Trump's plans to impose 25 per cent tariffs on steel and aluminum imports, along with reciprocal tariffs targeting countries taxing US exports. The move has added jitters over the global trade war with China's reciprocal duties coming into effect, they said. At the interban ...Read More >
Kolkata (West Bengal) [India], June 27 (ANI): A female student was allegedly gang-raped inside a law college in Kolkata's Kasba on Wednesday evening. The police have arrested all three accused within 24 hours. The three accused, named as Monojit Mishra (31), Zaib Ahmed (19), and Pramit Mukhopadhyay (20), were former students or staff members of the same law college. Also Read | Student Gang-Raped at South Kolkata Law College: Police Arrest 3 Youths for Sexually Assaulting Young Woman Inside Law College. According to the police, the accused named in the FIR will be produced before the A.C.J. ...Read More >
New Delhi, Sep 15 (PTI) Gold prices fell Rs 148 to Rs 1,09,222 per 10 grams in the domestic futures market on Monday, mirroring a weak global trend as market participants stayed cautious ahead of the US Federal Reserve's policy decision. On the Multi Commodity Exchange (MCX), the most-traded October futures fell Rs 148 or 0.14 per cent to Rs 1,09,222 per 10 grams in a turnover of 15,852 lots. The December contract also moved lower, shedding Rs 111 or 0.10 per cent to Rs 1,10,323 per 10 grams in 5,656 lots. "Gold hovered around Rs 1,09,000 per 10 grams, as investors awaited a crucial US Feder ...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 >
New Delhi [India], May 28: What happens when Pi Network (PI) market analysis shows stalled momentum and the Shiba Inu (SHIB) trend shift reveals a massive 74% drop in whale activity? Traders start looking elsewhere, and fast. Both coins are holding their ground but not showing the kind of breakout signs needed for big upside in the short term. Meanwhile, one new name is building pressure for a major move: BlockDAG. The most popular cryptocurrency presale right now is entering its final countdown. BDAG Countdown Begins: Special price Ends June 13 as Exchange Listings + Testnet Push Price Rebou ...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 >
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 >
New Delhi, Sep 2 (PTI) Markets regulator Sebi came out with a new framework for monitoring intraday positions in equity index derivatives, a move aimed at preventing risks caused by large exposures. Under the new framework, the net intraday position has been capped at Rs 5,000 crore per entity in index options as against the end-of-day limit of Rs 1,500 crore, the Securities and Exchange Board of India (Sebi) said in a circular. The gross intraday position has been restricted at Rs 10,000 crore, the same as the existing end-of-day limit. This applied separately to long and short positions, i ...Read More >
New Delhi, Oct 6 (PTI) Gold prices skyrocketed by Rs 9,700 to scale a fresh peak of Rs 1,30,300 per 10 grams in the national capital on Monday, lifted by safe-haven buying in the overseas markets and depreciation in the Indian rupee. According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity had closed at Rs 1,20,600 per 10 grams on Friday. In the local bullion market, gold of 99.5 per cent purity jumped by Rs 2,700 to hit a record high of Rs 1,22,700 per 10 grams (inclusive of all taxes) on Monday. It had settled at Rs 1,20,000 per 10 grams in the previous marke ...Read More >
Mumbai (Maharashtra) [India], June 6 (ANI): Commodity exchange MCX has received approval from the markets regulator SEBI to launch electricity derivatives. "This development underscores the strong commitment and support of the Regulators - SEBI and Central Electricity Regulatory Commission (CERC) - in enabling a dynamic and sustainable power market," MCX said in a statement Friday, announcing the development. Also Read | Bhagyashree's Husband Himalay Dassani Finally Goes Down on One Knee To Propose to the Actress (See Pics). The electricity derivatives contracts to be introduced by MCX will ...Read More >
New Delhi, March 31 (SocialNews.XYZ) With the FY26 fiscal set to end on Tuesday, investors are gearing up for several reforms, including revised Securities Transaction Tax (STT) rules that will come into effect from April 1. Many brokers, traders and demat account holders are concerned about the sharp increase in STT on futures and options (F&O) trades, following revisions announced by Finance Minister Nirmala Sitharaman in the Union Budget FY26-27. She had also proposed a significant increase in charges on options. STT on futures has been raised to 0.05 per cent from 0.02 per cent earlier. ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The StakeStone (STO) price has surged by over 500% in the past week, drawing attention to the token's ecosystem. The altcoin's rally comes ahead of a significant token unlock, which could put selling pressure on the token and drive its price down. The StakeStone (STO) price has surged by over 500% in the last week amid bullish fundamentals in its ecosystem, as noted by market analyst Neel. One of these developments includes StakeStone's launch of version 2.0 of its protocol ear ...Read More >
New Delhi, Dec 18 (PTI) Gold prices fell Rs 200 to Rs 79,100 per 10 grams in the national capital on Wednesday amid a firm trend in international markets, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity settled at Rs 79,300 per 10 grams in the previous session. Snapping a three-day losing run, silver climbed Rs 500 to Rs 92,000 per kg on Wednesday. It closed at Rs 91,500 per kg on Tuesday. In the last three sessions, the white metal plunged Rs 5,500 per kg. The price of gold of 99.5 per cent purity slipped Rs 200 to Rs 78,700 per 10 grams from the ...Read More >
Mumbai: The Nifty 50 appears firmly on track to challenge its record high from last September after breaking out on Thursday from a one-and-a-half-month range-bound activity. Supported by bullish rollover signals from the June derivatives expiry, the index has turned former resistance into fresh support, even as foreign investors continue to pare equity holdings while domestic institutions keep pouring in funds. On Thursday, the bellwether index rose 1.2% to 25,549 on the expiry of the June series of derivatives, decisively breaching the 24,500-25,200 range that it had been stuck in since mid ...Read More >
Mumbai: Uddhav and Raj Thackeray will hold a joint protest march of their parties in the city on July 5 against what they allege is imposition of Hindi in the state's schools from Class 1 through the new three-language policy. This will be the first time they will come together on a political platform after Raj Thackeray's decision to quit Shiv Sena to form MNS nearly two decades ago.There has been speculation of a reunion of the estranged cousins for the coming civic polls, and the protest march is being seen as the first step in that direction, reports Chaitanya Marpakwar.Uddhav and Raj had ...Read More >
New Delhi: Illegal gains in the Jane Street scandal may not be limited to Rs 4,843 crore but may actually amount to as high as Rs 1 lakh crore, sources told Zee Business. They also said that the Jane Group's involvement in alleged market manipulation extends beyond the known four entities, with 3-4 more associated firms under the scanner. The revelation comes days after capital market regulator SEBI cracked its whip on Jane Street, barring the US-based high-frequency trading firm from Dalal Street, accusing the company and its India-incorporated entities of having taken large derivative positi ...Read More >
These steps are part of the regulator Sebi's broader push to curb excessive speculation and strengthen market stability in the equity derivatives segment. The market-wide position limit or the maximum number of bets allowed, will now be linked to the cash volume and free float of the scrip, to curb excessive concentration of positions, and has been fixed at a low 15% of free-float or 65x the cash volume across exchanges. The current MWPL formula is based on the 20% of the shares held by non-pro ...Read More >
Mumbai: The National Stock Exchange (NSE) issued a circular on March 31 announcing changes in Securities Transaction Tax (STT), effective from April 1, 2026. The revision follows updates under the Finance Act, 2026 and mainly impacts derivatives trading. What Has Changed? The biggest impact will be on Futures & Options (F&O) traders. STT on option selling has been increased from 0.10 percent to 0.15 percent. For exercised options, the tax has also gone up from 0.125 percent to 0.15 percent. In futures trading, STT has been raised from 0.02 percent to 0.05 percent. This means that every trad ...Read More >
Mumbai: The Multi Commodity Exchange of India (MCX) has received approval from the Securities and Exchange Board of India (Sebi) to launch electricity derivatives, according to a regulatory filing on the BSE. These contracts -- linked to the price of electricity -- will allow power generators, distribution companies, and large consumers to hedge against price volatility and manage risks more effectively. "The electricity derivatives contracts will enhance efficiency in the power market," MCX said in its filing. The launch marks the resolution of a long-standing jurisdictional tussle over the ...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 >
Mumbai, July 18 (SocialNews.XYZ) Electricity derivatives will help participants plan more effectively by managing price uncertainty, mitigate revenue risks, and attract investment in the power sector, SEBI Chairman Tuhin Kanta Pandey said on Friday. The National Stock Exchange of India (NSE) hosted a bell-ringing ceremony to formally mark the launch of Monthly Electricity Futures Contracts under the Commodity Derivatives segment and the new spot market dashboard. The product aims to bring much-needed hedging and price visibility for participants in India's growing electricity sector. "They ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Following the flash crash of last week, the Bitcoin price has once again sunk to similar depths, albeit in a more steady price correction. Notably, the leading cryptocurrency dipped below $105,000 on Friday as crypto liquidations rose to above $1.2 billion. However, underlying investor buying activity paints an encouraging picture of a potentially bullish rebound. In a QuickTake post on X, popular analyst Amr Taha shares an exchange activity update on the Bitcoin market amidst ...Read More >
Hyderabad: Chief Minister A Revanth Reddy on Thursday warned educational institutions that cases would be booked against them if drugs were found in their premises. The CM announced that the state's Anti-Narcotics Bureau would henceforth be known as Elite Action Group for Drug Law Enforcement (EAGLE) and was tasked with curbing the menace of narcotics in the state. Speaking at an event marking the International Day Against Drug Abuse and Illicit Trafficking 2025 at Shilpakala Vedika here, Reddy placed an onus on educational institutions to ensure their campuses were free of drugs. "It is the ...Read More >
(Reuters) -India's benchmark equity indexes are expected to open largely flat on Friday as investors assess the market regulator's move to bar U.S. trading company Jane Street from the local securities market over alleged manipulation. The Gift Nifty futures was down 0.2% at 25,516 points, as of 8:14 a.m. IST, indicating that the Nifty 50 will hover around its previous close of 25,405.3. The Securities and Exchange Board of India (SEBI) has passed an interim order on Jane Street's alleged manipulation through positions taken in equities derivatives. The regulator said in its order that Jane ...Read More >
July 4 (Reuters) - India's benchmark equity indexes are expected to open largely flat on Friday as investors assess the market regulator's move to bar U.S. trading company Jane Street from the local securities market over alleged manipulation. The Gift Nifty futures was down 0.2% at 25,516 points, as of 8:14 a.m. IST, indicating that the Nifty 50 (.NSEI), opens new tab will hover around its previous close of 25,405.3. The Securities and Exchange Board of India (SEBI) has passed an interim order on Jane Street's alleged manipulation through positions taken in equities derivatives. The regula ...Read More >
Aug 14 (Reuters) - Gold extended gains to a third straight session on Thursday, supported by rising expectations of an interest rate cut by the U.S. Federal Reserve in September following tame inflation data, which also weighed on the dollar. Spot gold rose 0.4% to $3,367.53 per ounce as of 0156 GMT. U.S. gold futures for December delivery added 0.3% to $3,416.70. "Markets are pricing in the chance that the Fed cuts 50 basis points in September. So the dollar's weakening, gold's going up as a r ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Cardano price started a fresh decline from the $0.590 zone. ADA is now consolidating and might attempt a fresh increase above the $0.5820 zone. In the past few sessions, Cardano saw a fresh decline from the $0.590 zone, unlike Bitcoin and Ethereum. ADA declined below the $0.580 level and trimmed most gains. The bears pushed the price below the 50% Fib retracement level of the upward move from the $0.5567 swing low to the $0.5902 high. The price even spiked below the $0.570 sup ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bonk ($BONK) is on a tear, and it's not slowing down. The token just extended its gains, building on a massive 20% rally from last week. The reason for all the excitement? Traders are pouring cash into it. The futures Open Interest (OI) for $BONK has shot up to a yearly high, showing a ton of new money is flooding the market. This kind of action is exactly what a rally needs to keep going. However, it's not just about the trading numbers. The Solana ecosystem itself is doing g ...Read More >