Business
CryptoWire pacts with Bitbns to commence trading on crypto index IC15 from April

CryptoWire, a global crypto super app, on Tuesday announced that it has entered into an agreement with Bitbns exchange, one of the leading crypto-currency exchanges of the country, to commence trading on India’s first global crypto index IC15 next month.
With the commencement of trading on IC15, around 4 million users of Bitbns will get the benefit of trading on IC15. Market participants – individuals and institutions – get the advantage of spreading their risks by taking a view on the entire market versus concentrated risk on a single currency.
The company said IC15 will now be traded on Bitbns from the first week of April, giving its users greater market leverage.
It pointed out that liquidity related risks would be mitigated by trading on the index. It will broaden the product offerings through Exchange Traded Funds (ETFs) and other wealth management products, derivatives and basket trading for arbitrage benefits.
This arrangement is similar to Trading of S&P-Dow Jones and FTSE equity indices or ETF products, which trade on NYSE, CME, Nasdaq and London Stock Exchange, it stated.
Commenting on the strategic partnership of CryptoWire with Bitbns, CryptoWire Managing Director and CEO Joseph Massey said: “IC15 is India’s first Global Index of Crypto-currencies, and it represents more than 80 per cent of crypto assets by market capitalization. As the crypto-currency market develops and widens, the participants would find the IC15 index offering of much greater institutional use through ETF and alternate wealth management product.”
The licensing arrangement by CryptoWire would entail royalty payments consisting of a mix of fixed and revenue dependent variable charge to cover and support research and development work, Massey said, reiterating that CryptoWire is neither a crypto exchange nor a crypto-currency.
An Index is the most visible barometer representing the business dynamics happening in the underlying real and digital economy. The IC15 index represents crypto-currencies which have a large value chain integrating the real economy with blockchain and digital economy.
Bitbns Founder and CEO Gaurav Dahake said: “Trading in IC15 index will bring India on the global crypto map as the index prices will be seen globally and enable the industry to monitor broad-based movement in the crypto industry. The index will also show the market price implications of various news and policy decisions taken globally.”
Dahake stated Bitbns licensing arrangement with CryptoWire will meet the much-desired need of the trading community for trading in IC15 index which allows clean trading on prices of underlying without the challenges of the taking delivery in individual crypto-currency.
Bitbns has 4 million users and 156 coin-pairs traded on the exchange. “We believe that our users will derive great benefit from IC15,” he added.
Business
India-US trade negotiations key to boost stock market sentiment: Experts

New Delhi, April 5: The new financial year (FY26) has commenced on a subdued note, largely driven by the imposition of higher-than-anticipated tariffs by the US, market experts said on Saturday, adding that any constructive developments arising from the ongoing India–US bilateral trade negotiations could serve as a supportive catalyst for the market.
Sectors like IT and metals have underperformed relative to the broader market, reflecting growing concerns over the outlook for the US economy and potential retaliatory trade actions by other countries.
According to Vinod Nair, Head of Research, Geojit Investments Limited, investors are expected to closely monitor any countermeasures implemented by global trade partners, which could further exacerbate geopolitical and economic uncertainty.
This cautious sentiment is reflected in the sustained rally in gold and bond prices, underscoring a pronounced shift toward safe-haven assets.
Meanwhile, benchmark indices extended their losing streak to a second session on Friday, falling over a per cent each, as a risk-off sentiment took over global markets amid fears of a trade war on the back of US President Donald Trump’s reciprocal tariffs, according to a Bajaj Broking Research note.
Nifty was down 345.65 points or 1.49 per cent at 22,904.45. Investors fear that aggressive trade policies by US would lead to retaliatory measures from other countries, escalating into a full-scale trade war. Such an outcome could disrupt global supply chains and slow economic growth.
The broader markets witnessed sharp decline, with the Nifty Midcap 100 and Nifty Small cap 100 declining by 2.91 per cent and 3.56 per cent, respectively. All the sectoral indices traded with sharp cuts, with the IT, Auto, Pharma, PSU Bank, Realty, Oil and Gas and metals gauges losing 6 per cent to 3 per cent.
Index is currently placed around the key support area of 22,700-22,800, holding above the same will be crucial for pullback to materialise towards last week high 23,565 in coming week.
“Failure to hold above the support area of 22,700 can lead to extended decline towards 22,300 levels. Along with the development on US tariff policies, market participant will also keep a close eye on the RBI monetary policy outcome and resumption of Q4 FY25 earnings season in the coming week,” said Bajaj Broking Research.
Investor attention is also firmly fixed on the upcoming MPC meeting, with the benchmark interest rate decision expected next week.
A favourable outcome could benefit rate-sensitive sectors. In addition, key macroeconomic indicators — namely India’s inflation figures and US jobless claims — will be closely watched, as they are likely to offer critical insights into the underlying economic conditions in both regions, said experts.
Meanwhile, market focus is gradually shifting toward the upcoming corporate earnings season. The initial outlook remains subdued, with the risk of further downward revisions to earnings growth, largely due to tepid demand and continued margin pressures.
National
HM Shah to review anti-Naxal operations in Chhattisgarh today

Raipur, April 5: Union Home Minister Amit Shah will assess the progress of the ongoing anti-Naxal operations in Chhattisgarh on Saturday.
HM Shah’s two-day trip to the state is centred around reviewing the effectiveness of security measures in the Left Wing Extremism-affected regions of Bastar and Gariaband.
HM Shah arrived at Swami Vivekananda Airport in Raipur at around 9:30 p.m. on Friday, where he was welcomed by Chief Minister Vishnu Deo Sai, Deputy CM Vijay Sharma, and other senior officials. From there, he headed to a hotel in Nava Raipur to prepare for his engagements.
The primary focus of his visit will be a high-level meeting scheduled for today, where he will evaluate the ongoing anti-Naxal efforts in the state.
HM Shah is expected to directly review the security situation in Bastar, a key region hit by insurgency. The meeting will specifically concentrate on operations in Dantewada, Bijapur, and Kanker, the districts most affected by Naxal violence.
In addition to meeting with security personnel involved in these operations, HM Shah will assess the strategies employed to curb the Naxal threat.
The visit comes at a time when Chhattisgarh has seen significant success in its fight against Naxalism.
In 2025 alone, at least 130 Naxalites have been killed in encounters, with more than 110 of these deaths occurring in the Bastar division.
Over 105 Naxalites have been arrested, while 164 others have voluntarily surrendered as part of the ongoing peace restoration efforts.
On Saturday, HM Shah will visit Dantewada, a key Naxal stronghold, where he will also offer prayers at the Maa Danteshwari Temple. Later, he will attend the closing ceremony of the ‘Bastar Pandum’ festival, a cultural event showcasing the rich traditions, art, and cuisine of the tribal communities in the region.
This visit underscores the government’s broader strategy to eliminate the Naxal threat by March 31, 2026.
Business
Maharashtra govt issues notice to Ola Electric over missing trade certificates

Pune, April 4: The Maharashtra government has issued a notice to Ola Electric Mobility Limited, asking the company to explain why some of its stores in the state are operating without valid trade certificates.
According to the notice from the Transport Commissioner’s Office, several Ola Electric showrooms and service centres in Maharashtra are being run without the required documents.
The notice also accuses the company of illegally selling vehicles through these unauthorised outlets.
According to media report, the notice, dated March 31, gives the company three days to respond.
“This is a very serious matter, and you are requested to provide an explanation within three days as to why action should not be taken against your company for this act,” the notice said.
It was reportedly signed by Joint Transport Commissioner Ravi Gaikwad. However, as of now, Ola Electric has not responded officially on the issue.
The notice follows an earlier inspection drive initiated by the state transport authority.
On March 21, NDTV Profit had reported that Maharashtra’s Transport Commissioner had instructed all Regional Transport Offices (RTOs) to carry out special checks at Ola Electric stores.
These inspections reportedly revealed that many outlets were functioning without the necessary trade certificates.
As per the Central Motor Vehicles Act, 1988, and the Central Motor Vehicle Rules, 1989, every vehicle distributor or manufacturer must obtain a trade certificate to register and sell vehicles.
In addition, Rule 35 of the same law states that each showroom or dealership must have a separate certificate from the concerned registration authority.
The shares of the electric two-wheeler manufacturer closed lower by Rs 1.42 or 2.63 per cent to close the intra-day trade at Rs 52.62 on the National Stock Exchange (NSE).
Earlier this week, the company saw a sharp drop in its electric two-wheeler sales in March 2025, selling 23,430 units — a steep 56 per cent decline compared to the same month last year.
The company said on April 1 that the fall was mainly due to disruptions caused by its recent shift to handling vehicle registrations in-house, a process that began in February.
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