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Economic Times
5 days ago
- Business
- Economic Times
India invites BRICS nations to boost startup cooperation
India will assume the BRICS presidency in 2026. Synopsis This is the first-of-its-kind dedicated platform for BRICS nations, aimed at enhancing cross-border collaboration and strengthening startup ecosystems across member countries. New Delhi: India has invited all BRICS member countries to enhance cooperation in the startup sector to promote innovation, the commerce and industry ministry said Monday. ADVERTISEMENT It was suggested by India at the 9th BRICS Industry Ministers' meeting on May 21 at Brasilia. BRICS is an intergovernmental organisation comprising 10 countries-Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the UAE. India will assume the BRICS presidency in 2026. India launched the BRICS Startup Knowledge Hub on January 31, 2025, under the aegis of the BRICS Start-Up is the first-of-its-kind dedicated platform for BRICS nations, aimed at enhancing cross-border collaboration and strengthening startup ecosystems across member countries. (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Economic Times
6 days ago
- Business
- Economic Times
Stock market update: Nifty IT index advances 0.83% in an upbeat market
India 10-year bond yield declined 0.40 per cent to 5.98 after trading in 5.98 -6.04 range. Synopsis The Nifty IT index was trading 0.83 per cent up at 37713.5. NEW DELHI: The Nifty IT index traded positive around 10:55AM(IST)on Monday in an upbeat market. ADVERTISEMENT Coforge Ltd.(up 1.48 per cent), HCL Technologies Ltd.(up 1.37 per cent), Tech Mahindra Ltd.(up 1.23 per cent), Oracle Financial Services Software Ltd.(up 1.03 per cent) and LTIMindtree Ltd.(up 0.86 per cent) were among the top gainers. were the top losers on the index. The Nifty IT index was up 0.83 per cent at 37713.5 at the time of writing this report. Benchmark NSE Nifty50 index was up 117.0 points at 24970.15, while the BSE Sensex was up 402.77 points at 82123.85. Among the 50 stocks in the Nifty index, 39 were trading in the green, while 11 were in the red. ADVERTISEMENT Shares of Reliance Power, Vodafone Idea, Suzlon Energy, YES Bank and Eternal were among the most traded shares on the NSE. Shares of Khaitan(India), Camlin Fine Sc, Stampede Cap(DVR), ITD Cementation and JK Cement hit their fresh 52-week highs in today's trade, while Gangotri Text, JP Associates, SKIL Infrastructure, Techindia Nirman and Varanium Cloud hit fresh 52-week lows in trade. (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Economic Times
23-05-2025
- Business
- Economic Times
Stock market update: Nifty Bank index advances 0.58% in an upbeat market
Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs. Synopsis The Nifty Bank index was trading 0.58 per cent up at 55259.05. NEW DELHI: The Nifty Bank index traded positive around 10:53AM(IST)on Friday in an upbeat market. ADVERTISEMENT Axis Bank Ltd.(up 1.67 per cent), Kotak Mahindra Bank Ltd.(up 0.87 per cent), Au Small Finance Bank Ltd.(up 0.78 per cent), State Bank of India(up 0.57 per cent) and HDFC Bank Ltd.(up 0.55 per cent) were among the top gainers. Punjab National Bank(down 0.38 per cent) were the top losers on the index. The Nifty Bank index was up 0.58 per cent at 55259.05 at the time of writing this report. Benchmark NSE Nifty50 index was up 269.25 points at 24878.95, while the BSE Sensex was up 855.49 points at 81807.48. Among the 50 stocks in the Nifty index, 48 were trading in the green, while 2 were in the red. ADVERTISEMENT Shares of Vodafone Idea, Tata Teleservices, HFCL, YES Bank and BEL were among the most traded shares on the NSE. Shares of Khaitan(India), SecMark Consultancy, Centum Elec, Magellanic Cloud and Stampede Cap(DVR)hit their fresh 52-week highs in today's trade, while Golden Tobacco, Pritish Nandy, R K Swamy, Marshall Machines and Bafna Pharma hit fresh 52-week lows in trade. (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Economic Times
22-05-2025
- Business
- Economic Times
US stocks open mixed after Trump's tax bill narrowly clears House test
US stocks Synopsis Wall Street's main indexes opened mixed on Thursday after the U.S. House of Representatives passed President Donald Trump's tax bill, which is expected to burden the country with trillions in debt, by a razor-thin margin. us stockswall streetdow jonesnasdaq compositetrump tax billus debt Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Economic Times
22-05-2025
- Business
- Economic Times
Bitcoin hits record high above $111,000 as ETF inflows, regulatory clarity fuel rally
Bitcoin surged past the $111,000 mark on Thursday, hitting an all-time high of $111,861, before easing slightly to trade at $111,368 as of 11:08 AM IST, up 3.5% on the day. ADVERTISEMENT Ethereum also gained 1.8% to $2,634, as the broader crypto market cap rose 3.1% to $3.5 trillion. The rally was fueled by growing optimism around regulatory clarity in the US, following the advancement of a key stablecoin bill in the Senate. The continued accumulation of Bitcoin by institutional players — including Michael Saylor's firm, which now holds over $50 billion in BTC — further supported market sentiment. 'Bitcoin created another milestone, hitting a new all-time high over $111,000, gaining over 48% from recent lows,' said Edul Patel, Co-founder and CEO of Mudrex. He attributed the rally to 'geopolitical de-escalation, an improved regulatory environment, and macro tailwinds,' including the approval of the Stablecoin Bill and easing trade Bitcoin ETFs have seen $2.2 billion in inflows over the past 10 sessions, Patel noted, adding that retail participation is also on the rise, bringing fresh liquidity to the market. Ashish Singhal, Co-founder of CoinSwitch, said Bitcoin's surge 'isn't just a milestone for the market—it's a reflection of how the global perception of digital assets is fundamentally evolving.' He highlighted consistent ETF inflows, policy-level recognition in the US, and improving macro clarity as key drivers of the rally. ADVERTISEMENT According to Ryan Lee, Chief Analyst at Bitget Research, Bitcoin's chart is showing signs of a golden cross formation — a bullish technical indicator — similar to patterns seen ahead of late 2024's breakout. Lee said BTC's resilience above $103,000 despite recent volatility signals a shift toward crypto as a 'strategic reserve asset.'Lee projects Bitcoin could reach $180,000 by year-end, citing supply constraints post-halving, institutional adoption, and Moody's recent downgrade of the US credit rating as macro catalysts boosting demand for digital assets. ADVERTISEMENT Altcoins also moved higher, with Avalanche rising 5.3%, Sui 4.3%, Cardano 4%, Dogecoin and Solana 3.5% each, BNB 3.3%, and XRP 1.4%. Bitcoin's market cap rose to $2.212 trillion, commanding a 63.2% share of the total crypto market. Daily trading volumes jumped 76% to $90.08 milestone coincides with US President Donald Trump hosting a dinner with top holders of his memecoin at his golf club near Washington. The event has sparked criticism from ethics experts, who argue it blurs the line between political access and personal financial gain. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
