Bitcoin is on track to close its strongest week since September 2025, rising about 8.5% and trading above $71,000. The move stands out relative to other major assets. Over the past week, bitcoin has begun to diverge slightly from the broader market. Using BlackRock’s iShares Bitcoin Trust (IBIT) as a five-day proxy, IBIT is up…
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As the Union Budget 2026 approaches, industry bodies have flagged key expectations focused on easing pressure on micro, small and medium enterprises (MSMEs) and strengthening the startup ecosystem amid funding constraints and regulatory challenges. With employment generation and entrepreneurship high on the policy agenda, stakeholders are looking for targeted measures that address cash-flow stress, compliance…
In a light-filled workshop in eastern China, a robotic arm moved a partially assembled autonomous vehicle as workers calibrated its cameras, typical of the incremental automation being adopted even across smaller factories in the world’s manufacturing powerhouse.China is already the world’s largest market for industrial robots, and the government is pouring billions of dollars into…
NEW DELHI: The Centre has decided to end the subsidy for electric three-wheelers after it met the target of 2.9 vehicles under PM e-Drive on Friday. In the three-wheeler segment, EV penetration is estimated at around 32%, which is in line with the target the Centre had set for itself, and is now leaving it…
In theory, bitcoin should thrive during times of uncertainty as it’s sound money that’s censorship-resistant. In practice, it’s becoming the first thing investors sell when push comes to shove. As geopolitical tensions flared over the past week, following Trump’s threats of tariffs against NATO allies over Greenland and speculation of potential military action in the…
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MUMBAI: The rupee closed at 91.75 against the dollar on Friday, down 15 paise from the previous close of 91.6, after a largely range-bound session marked by pressure from higher crude oil prices and foreign fund outflows.Suspected intervention by the central bank too influenced market movements. Heavy selling in domestic equities and withdrawals by foreign…
NEW DELHI: Nigeria’s National Drug Law Enforcement Agency (NDLEA) said on Sunday that 22 Indian crew members of a merchant ship were arrested after 31.5 kilograms of cocaine were discovered aboard the vessel at Lagos’s main port.The seizure took place on Friday aboard the MV Aruna Hulya, which “originated from Marshall Islands,” NDLEA spokesman Femi…
