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A recent Chainalysis report states India having the highest adoption rate in crypto and with the current market sentiment, an influx of new investors is expected and the choice of a right exchange becomes paramount.

Confirmation of a bullish trend resumption would only occur with a decisive breakout above the double top, which is currently identified around 22,125. Conversely, a break below the support level at 21,500 could indicate a bearish momentum.

The banks have also stated that the newly formed company will have ten banks and financial institutions as its shareholders. They have not named other shareholders of the proposed company.

Holding that India will surely become the third largest economy in the world in his third term, the Prime Minister, said there are immense opportunities for stakeholders to grow business. “India is on the move and is moving fast”, the Prime Minister said, adding it is the beginning of the golden period for the mobility sector.

Patanjali Ayurved has made a late bid to acquire debt-laden Rolta India with an all-cash offer of approximately ₹830 crore. This bid comes after Ashdan Properties was declared the highest bidder by banks last week. Patanjali Ayurved approached the National Company Law Tribunal in Mumbai, requesting lenders to consider its offer. The tribunal has put the onus on the committee of creditors to decide whether to entertain the bid since it emerged after the completion of the bidding process.

Sources told ET that issues at Paytm Payments Bank were brewing for the past seven years and included complaints such as Violation of banking compliance norms on money laundering, conflict of interest, maintaining an arm’s length from the parent, lax processes allowing fraud, licensing agreement breaches.

Paytm is in talks with three banks - HDFC Bank, Axis Bank and Yes Bank - that can take on the payments and settlements load from Paytm Payments Bank. However, the process is yet to start since the Reserve Bank of India has not said anything yet.

Commenting on the fundraising plans for the EV business - Passenger Electric Mobility (TPEML) - he said with proceeds from the Production Linked Incentive (PLI) Scheme likely to come soon, Tata Motors is not in a rush to raise funds for its EV arm.

Whatever the media has been carrying about Saudi Aramco pausing their expansion, etc., is something that you should expect when they implement a programme of $50 billion capex year on year, for three-four years in a row.

"While IIFL is going to meet investors on a non-deal roadshow, they may look to raise US dollar funds in both bond and loan," said a source. "Activity is picking up as global investors are showing interest in India credit after the Shriram Finance issue, which saw an order book of $3 billion for a $750 million issue and was priced within their guidance of 7%"