Bitcoin battles $76,000 resistance as traders clash over potential breakout: Crypto Markets Today

Bitcoin BTC$77,133.96 is testing $76,000 for a third day, trading at $75,440 as bullish traders continue to chip away at $450 million of sell orders between $75,900 and $76,300, CoinGlass data shows. The orders will be placed by traders who are either attempting to short the range-high in expectation of a reversion to around $68,000,…

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US economy grows 2% in Q1 after shutdown rebound; Iran war adds fresh uncertainty

The US economy grew at an annualised pace of 2 per cent in the January-March quarter recovering from the drag caused by last year’s 43-day federal government shutdown, though the outlook has been clouded by the ongoing Iran war, AP reported.The Commerce Department said on Thursday that gross domestic product (GDP), which measures the nation’s…

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Stock market holiday on May 1: Are NSE, BSE, MCX open on Maharashtra Day?

Indian markets are set for a shortened trading week, with the NSE and BSE remaining closed on Friday, May 1, for Maharashtra Day. The holiday will pause trading across equity, equity derivatives and related segments.For investors planning trades or settlements, Friday’s closure will be the latest scheduled market break after the April 14 holiday observed…

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Indian electronic firms seek PLI 2.0, eye 30–35% share in global mobile production by FY31

With the production-linked incentive (PLI) scheme now over, India’s electronics industry has pitched a fresh expansion plan, seeking continued government support as it eyes a strong jump in manufacturing and exports over the next five years. During discussions with the ministry of electronics and IT (MeitY), the industry said that by FY31, India could capture…

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Investing in a child’s name: How mutual fund accounts for minors work, rules to know, and tax impact explained

Mutual fund investments can be made in the name of a minor (below 18 years) across all categories — equity, debt, hybrid, gold/silver and international funds — but they come with specific operational, documentation and tax rules that parents must understand before investing. Here is a clear question-and-answer explainer, as reported ET, covering how it…

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