Author: Legal Parivar

The year 2025 has delivered a mixed but cautiously optimistic outcome for the global crypto market. While prices struggled amid volatility, the underlying ecosystem continued to witness steady progress across decentralised finance (DeFi), stablecoins, central bank digital currencies (CBDCs), and blockchain development. On the positive side, DeFi ecosystems expanded further, stablecoins gained wider adoption, and several countries advanced pilot programmes for CBDC infrastructure. Developer participation also surged across APAC and other global regions, with millions contributing to on-chain innovation. “On one hand, the industry saw real progress: growth in DeFi projects, expansion of stablecoins, new CBDC-infrastructure pilots, and rising developer…

Silver prices in India surged over 15% last week, reaching a fresh record high of Rs 2.42 lakh per kilogram in the futures market, fueled by strong industrial demand, expectations of US interest rate cuts in 2026, and concerns over potential supply disruptions. The rally in the domestic market mirrored global trends, where silver hit an all-time high of USD 79.70 per ounce, surging over 11% in a single day. On MCX, silver futures for March 2026 delivery climbed by Rs 18,210, or 8.14%, touching Rs 2,42,000 per kilogram before settling at Rs 2,39,787 per kg on Friday. During the…

Domestic carrier IndiGo on Saturday cancelled 57 flights across its network, citing adverse weather conditions at multiple airports, according to information available on the airline’s website. The airline has also cancelled 13 flights scheduled for Sunday so far, with most attributed to forecasted bad weather and two due to operational reasons. IndiGo has been facing intermittent disruptions for over a week, largely due to weather-related challenges, even as it continues to operate under regulatory scrutiny following large-scale cancellations earlier this month. The airline had cancelled thousands of flights in early December after stricter pilot duty time and rest norms came…

Shares of multibagger stock Elitecon International are set to remain in focus when markets open on Monday, December 29, after the company announced a significant increase in its borrowing capacity to fund future investments and lending activities. In an exchange filing, Elitecon International said its board has approved increasing the company’s borrowing powers up to ₹500 crore under Section 180(1)(C) of the Companies Act, 2013, subject to shareholder approval. The move is aimed at enabling the company to expand investments and extend loans, guarantees, and securities beyond the limits prescribed under Section 186 of the Act. “Increased the borrowing powers…

Shares of small-cap multibagger Diamond Power Infrastructure are likely to remain in focus on Monday, December 29, after the company announced a fresh order win worth ₹66 crore, according to an exchange filing. In a regulatory disclosure made on Saturday, December 27, Diamond Power Infrastructure said it has received a letter of intent (LoI) worth ₹66.18 crore from Hild Projects Pvt. Ltd for the supply of power cables. The order value is exclusive of goods and services tax (GST). The company stated that Hild Projects is acting as the EPC contractor for the project. The contract will be executed on…

A powerful 7.0-magnitude earthquake struck waters off the northeastern coast of Taiwan late on Saturday, marking the second major tremor in three days, according to Taiwan’s weather administration, as reported by Reuters. The earthquake hit around 32 km off the coast of Yilan at a depth of 73 km and was strongly felt in the capital city Taipei, where residents reported buildings shaking. Authorities said assessments were underway, but no immediate reports of major damage or casualties had been received. Taiwan’s fire department confirmed that no tsunami warning was issued. Videos circulating on social media showed people rushing outdoors as…

Kolkata-based quick service restaurant (QSR) chain Wow! Momo Foods has raised ₹75 crore in fresh funding from veteran investor Madhusudan Kela, founder of Singularity Asset Management Company, as the company gears up for its next phase of expansion. In a statement, Wow! Momo said the investment will support its growth plans and is part of an ongoing bridge funding round. The round has also seen participation from Malaysia’s sovereign wealth fund Khazanah Nasional Berhad, wealth management firm 360One, and Haldiram’s promoter Kamal Agarwal. Media reports suggest that the company had earlier raised nearly ₹130–150 crore as part of the same…

India’s foreign exchange (forex) reserves surged by $4.368 billion to $693.318 billion during the week ended December 19, according to the latest data released by the Reserve Bank of India (RBI). Gold reserves also witnessed a significant increase, rising by $2.623 billion to $110.365 billion during the same period. The previous week saw the overall reserves climb by $1.689 billion to $688.949 billion. Component-wise Breakdown: The sharp rise in gold holdings reflects heightened global uncertainties and strong investor demand for the safe-haven asset in recent months. Following the last monetary policy review, the RBI stated that India’s foreign exchange reserves…

Despite a challenging funding environment, India’s startup ecosystem showed signs of relative stability in 2025, with closures falling sharply compared to last year. Around 730 startups ceased operations this year, a major decline from the 3,903 closures recorded in 2024, according to the Department for Promotion of Industry and Internal Trade (DPIIT). Currently, India has over 2.06 lakh registered startups. However, the list of closures includes several notable names across electric mobility, hyperlocal delivery, consumer internet, and e-commerce sectors. Notable Exits in 2025: Industry Trends: Data from Tracxn, cited by ET, shows that startup shutdowns fell nearly 80% in 2025…

Quick commerce firm Zepto has received approval from its board of directors for an initial public offering (IPO) worth ₹11,000 crore, according to a report by Entrackr. The proposed public issue is expected to comprise a mix of fresh equity issuance and an offer for sale (OFS). According to the Entrackr report, Zepto is likely to file its draft red herring prospectus (DRHP) under the confidential route as early as this week. The development comes shortly after the company raised $450 million in fresh funding, taking its total capital raised to $2.3 billion. The latest funding round valued the quick…