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. The XRP price has experienced a modest 5% recovery in the last 24 hours, managing to reclaim the crucial support level at $1.40. However, it remains substantially below its all-time highs reached in 2025. Despite this, technical analyst Egrag Crypto believes that this year could see the XRP price soaring to a price point as high as $42, meaning a potential gain of up to 2,900% from its current levels. Egrag delineates his forecast by identifying four macro formations on the cryptocurrency's monthly chart, each of which follows a similar cyclical pattern over the past decade. These cycles demonstrate that the XRP price tends to undergo a period of compression into a tight range before breaking out and embarking on a significant rally, ultimately resetting before the next structure emerges. The first formation occurred in October 2014, when XRP rose from $0.0046 to $0.028 by December. Following this initial surge, the price consolidated within the range of $0.006 to $0.009 for nearly three years until early 2017. The second formation initiated in March 2017, leading to a breakout that pushed the XRP price from under $0.01 to $0.40 by May of the same year, resulting in over 4,000% gains. After another consolidation period through November 2017, XRP reached a peak of $3.31 in January 2018 before experiencing a prolonged decline that ultimately brought it down to around $0.17 by June 2020. The fourth formation began from the $0.17 low in June 2020, where XRP rallied to $1.96 by April 2021. After another extended period of consolidation around the $0.50 mark, XRP broke through a significant descending trendline in November 2024, which had been constraining its price since 2018. This breakout propelled the XRP price to $3.65 by July 2025. The current price pullback to the $1.30-$1.40 range is effectively retesting that breakout level. If XRP continues along the same proportional trajectory as previous cycles, Egrag's target of $42 could be within reach. It's important to note that Egrag does not position $42 as the immediate target. Instead, he has laid out intermediate goals that are much lower -- such as $4.50 if a breakout occurs, and potentially $10-$13 if the rally expands further. But when averaging across all four macro scenarios, Egrag estimates that an XRP price around $11 would be plausible, suggesting a market cap of about $670 billion for the altcoin. Lastly, Egrag presents a cautious perspective regarding the $42 target, outlining two potential scenarios moving forward. One possibility is that the bullish structure may fail, leading the XRP price into a deeper bear market. Alternatively, Egrag leans toward the thought that the current drawdown is merely a retest within a new growth cycle. He emphasizes that this structural framework must remain intact for his projections to hold. Featured image from OpenArt, chart from TradingView.com
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 >
New Delhi, Jul 20 (PTI) Fundraising through initial public offerings (IPOs) rose to ₹45,350 crore in the first half of 2025, marking a 45 per cent increase from a year ago, despite global trade headwinds, geopolitical conflicts, and macroeconomic concerns. However, the number of IPOs declined to 24 during the period under review from 36 in the January-June period of 2024, indicating a rise in the average size of public issues. Going forward, the IPO market is expected to remain cautiously optimistic in the second half of 2025, supported by robust inflows of domestic investment, positive inve ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ethereum is closing in on a historic test, hovering just 6.4% below its all-time high of $4,891. Despite persistent sell-offs from retail traders, the asset's upward momentum continues, signaling a potential breakthrough that could set the stage for new record levels. Santiment, a popular platform in on-chain and market analytics, recently highlighted in a post that Ethereum is now within striking distance of a historic milestone -- just 6.4% away from its all-time high of $4,8 ...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 (BTC) remains range-bound in the mid-$100,000s, showing no clear directional bias. However, the Hash Ribbons indicator is now flashing a fresh buy signal, suggesting that the top cryptocurrency may be gearing up for its next upward move. According to a recent CryptoQuant Quicktake post by contributor Darkfost, Bitcoin's Hash Ribbons are signalling a potential prime buying opportunity for the leading digital asset. This signal coincides with Bitcoin's hashrate reaching n ...Read More >
New Delhi, Jun 8 (PTI) Equity investors would track global market trends, inflation data and trading activity of foreign investors for further cues this week, analysts said. Moreover, progress of monsoon and developments related to trade talks would also be monitored by investors, experts noted. "Going forward, market participants will focus on key macroeconomic data for further cues. High-frequency indicators such as CPI inflation will be closely tracked to gauge demand trends and the central bank's next steps. Additionally, the progress of monsoon and sowing patterns will be monitored due ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. US regulators and market watchers are eyeing a fresh valuation study that puts XRP on track for a dramatic price surge by 2030. According to Valhil Capital's deep‑dive report, XRP could climb from its current price into a range between $4,813 and $9,000 in just five years. That forecast hinges on a model that treats XRP not only as a quick way to move money but also as a store of value. According to the Athey & Mitchnick Model used by Valhil Capital, XRP's role goes way beyond ...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 >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. A sudden social media jab sent Solana's Peanut the Squirrel token soaring this week. In a Tuesday post, billionaire Elon Musk criticized US authorities for ignoring names on the Jeffrey Epstein "client list", quipping that "more squirrels and raccoons have been arrested" than any Epstein affiliates. A nod to a squirrel named Peanut -- said to have been "arrested (and killed)" -- coincided with a sharp pop in the PNUT token's value. According to on‑chain data, PNUT climbed over ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. As the cryptocurrency market continues to fluctuate in 2025, many American investors are beginning to rethink their investment strategies. In the past, many people were used to speculating on cryptocurrencies and chasing ups and downs, especially on popular currencies such as XRP and DOGE. But after several rounds of ups and downs, more and more people are beginning to realize that frequent trading brings not only benefits, but also anxiety and uncertainty. Especially after the ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin has officially broken through its previous all-time high of $112,000, surging to $118,000 just hours ago and entering uncharted territory for the first time since late May. The breakout confirms bullish momentum after weeks of consolidation and failed attempts, with price action now showing clear strength. With the psychological and technical barrier of $112K cleared, many analysts believe this move could mark the beginning of Bitcoin's next expansive rally. Bulls are f ...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. As the global economy faces severe challenges and the real economy continues to be sluggish, many investors are actively looking for new ways to increase their wealth. Against this backdrop, cryptocurrency cloud mining has gradually become an efficient, safe and high-return investment option, attracting more and more funds to flow into this emerging field. [Cloud mining] is a way to mine cryptocurrencies through remote data centers. Unlike traditional mining methods, cloud mini ...Read More >
Mumbai: Volatility Index or India VIX-the fear gauge of the Indian stock market-has dropped to its lowest level in 15 months, as the absence of sharp swings of late, a decline in US volatility, and falling derivatives options volumes have eased risk sentiment. The India VIX remained flat and ended at 11.2 on Thursday. The benchmark Nifty 50 index fell 100.60 points or 0.40% to close at 25,111. "Indian markets are currently mirroring the US VIX, which is at a 7-8 month low, offering some relief to traders globally," said Ajit Mishra, senior vice-president, research, Religare Broking. "With lim ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Trump and Musk's most "hot" alliance, the breakup is also the most "hot" and spectacular: on Thursday, the two were almost completely torn apart in a live broadcast similar to a reality show. Musk called him "ungrateful" and Trump described him as "crazy". As soon as the news came out, it immediately caused a sharp drop in the stock and crypto markets. ETHRANSACTION reminds cryptocurrency holders to convert their cryptocurrencies into investment plans as soon as possible (to av ...Read More >
Bhubaneswar: Revenue minister Suresh Pujari on Saturday said Odisha would not be allowed to follow the lawless path in sand operations like it is in Bihar and West Bengal, while responding to the recent assault of an additional tehsildar in Kaptipada block, Mayurbhanj district, by the sand mafia. He promised stringent action against the sand mafia regardless of their connections, while speaking to mediapersons here on Saturday."The Kaptipada incident represents a serious escalation in conflict between law enforcement and the sand mafia. The attack on officers performing their enforcement dutie ...Read More >
New Delhi: Alleging "blatant misuse" of agencies to defame its leaders, AAP on Thursday questioned why the first information report filed against former Delhi ministers Saurabh Bharadwaj and Satyendar Jain was being kept under wraps and "selective" press notes were being leaked to the media.Bharadwaj, who is Delhi AAP convener, alleged that only two former ministers were named in the case without any reasonable cause while all the officers of the health and public works departments, who were actually responsible for executing the hospital projects, were spared. "Is the FIR so baseless that BJP ...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 >
Mumbai, July 4 (SocialNews.XYZ) India's capital markets saw a fresh wave of momentum in May 2025, with the mainboard IPO segment bouncing back after a two-month pause, NSE's Market Pulse data showed on Friday. Backed by improving macroeconomic conditions and strong investor participation, this revival highlights the resilience of Indian markets amid global uncertainties. Three mainboard IPOs were launched in May, collectively raising over Rs 5,600 crore. Each public issue had an average size of around Rs 1,750 crore, according to the report. Interestingly, all the IPOs came from the consume ...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 >
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 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 >