Vaibhav Kaushik, Co-Founder and CEO of Nawgati, India's leading fuel-tech platform, has been featured in the Avendus Wealth Hurun India U30 List 2026, which recognises the country's most exceptional entrepreneurs aged 30 and under.

The list is the second edition of the Avendus Wealth Hurun India Uth Series 2026 and celebrates 102 founders whose ideas have moved beyond potential to create real economic impact. Together, this year's cohort represents businesses valued at INR 2.9 lakh crore and employs more than 75,000 people, spanning first-generation founders as well as next-generation business leaders shaping the future of Indian enterprise.

MrMed, a direct-to-patient platform for critical care and super-specialty medicines, today announced the establishment of its physical presence in Guwahati. The move strengthens MrMed's ability to serve patients across Northeast India, a region where access to high-value, tightly regulated medicines has historically been constrained by geography, limited pharmacy infrastructure, and the high cost of specialty therapies.

Guwahati represents a natural  choice for MrMed. As the primary healthcare gateway for the Northeast, the city serves patients across Assam, Meghalaya, Manipur, Mizoram, Nagaland, Tripura, and Arunachal Pradesh, states where specialty pharmacy infrastructure remains sparse. For patients managing conditions such as cancer, HIV, hepatitis, rare diseases, or transplant-related therapies, the absence of reliable local access has long meant either travelling to distant metros or risking treatment interruption, both outcomes that carry serious clinical and financial consequences.

Startup Stairs, a Gurugram-based DPIIT-recognised startup incubator and NSDC International investee company, has announced the selection of 16 high-potential startups for the inaugural Cohort 1 of Startup League 2026. The initiative received more than 2,000 applications from across the country where the selected ventures represent some of the most promising innovations emerging across sectors such as artificial intelligence, mobility, sustainability, logistics, cybersecurity, legal technology, retail innovation and enterprise solutions.

The selection process involved multiple stages of evaluation, beginning with over 2,000 applications, followed by the shortlisting of 75 startups and final pitch presentations by 28 ventures before a panel of ecosystem experts. Following this extensive assessment, market relevance, scalability and founder capability, 16 startups were selected to join the Cohort 1 acceleration program.

SML Limited, a global leader in innovative and sustainable agricultural solutions, onboards cricket legend Sachin Tendulkar as its Brand Ambassador, as the company looks to strengthen trust-led growth and deepen engagement with farmers and stakeholders across the agricultural value chain. The association builds on Sachin Tendulkar's enduring credibility, widespread public trust, and connect across urban and rural India, reinforcing SML's commitment to delivering dependable agricultural solutions that support farmers' long-term success.

For over five decades, SML has built its reputation on scientific innovation, quality, and farmer-centric solutions across Crop Nutrition, Crop Protection, and Biologicals. As agricultural challenges continue to evolve with climate change, food security concerns, and sustainability priorities, the company believes that strong brands built on trust and long-term relationships will play an increasingly important role in shaping the future of agriculture.

Mangalam Global Enterprise Limited (MGEL), a diversified business enterprise with interests spanning agriculture, edible oils, manufacturing, stainless steel, nutraceuticals and global trade, has appointed Mrs. Reena Unmesh Wagh as its Whole-Time Director (Executive Director).

The appointment comes as Mangalam Global Enterprise Limited continues to strengthen its leadership team to support the company's long-term growth strategy and business expansion across its diversified portfolio. In her new role, Mrs. Wagh will work closely with the leadership team in driving strategic initiatives, operational excellence and sustainable value creation for NEAT Everyday.

Edul Patel, CEO at Mudrex

"It is encouraging to see the RBI reinforce the critical distinction between speculative crypto assets and Real-World Asset (RWA) tokenisation before the Parliamentary Standing Committee on Finance. That distinction is important because it ensures innovation in the tokenisation of regulated financial assets is not inadvertently constrained by broader crypto policy. 

Tokenisation has the potential to modernise capital markets and improve efficiency without necessarily raising the same policy concerns as privately issued cryptocurrencies. As with existing financial markets, the private sector has an important role to play in building the infrastructure and products that will unlock the full potential of RWA tokenisation, within an appropriate regulatory framework.

The government's decision to consult regulators, industry and other stakeholders before arriving at a framework is a constructive approach and one that will help shape a more balanced and future-ready digital asset ecosystem. India has the opportunity to develop differentiated policy frameworks ensuring that while we structurally address investor protection and macroeconomic safeguards, we do not close the door on India's private sector leading global blockchain innovation."

BLS E-Services Limited ("BLSe"), a leading technology-enabled digital service provider, announced the successful acquisition of 100% stake in Atyati Technologies Private Limited ("Atyati"), a Bengaluru based AI-powered banking technology company providing digital solutions to banks and financial institutions across India, for a purchase consideration of Rs 157 crores in an all-cash transaction.

Atyati is a leading financial inclusion and banking technology platform that enables banks through AI-driven digital solutions, Business Correspondent services, micro-lending platforms, and last-mile banking infrastructure. The company serves more than 35 banks and financial institutions through a network of over 25,900 Customer Service Points (CSPs) covering approximately 100,000 villages across India.

Xflow, a cross-border payments platform for businesses, has launched #XflowDash, a gamified awareness campaign designed to highlight the hidden costs and operational challenges businesses face while collecting international payments. At the heart of the campaign is Xflow Dash, an interactive browser game that illustrates these real-world payment challenges in a simple and interactive way.

For many Indian businesses receiving international payments, the cost of a transaction often extends beyond the amount transferred. Banks typically apply a 1.5-3.5% spread above the mid-market foreign exchange (FX) rate on inward remittances, while SWIFT transfers can take between 2 to 5 business days to settle. Hidden charges, intermediary bank fees and compliance-related delays can further impact settlement timelines, cash flow and the final amount businesses receive.

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Deveya Gaglani, Senior Research Analyst - Commodities, Axis Direct

Comex Gold extended its rally, gaining more than 2% on Thursday after weaker-than-expected U.S. non-farm payrolls data reduced expectations of further Federal Reserve rate hikes. The U.S. economy added just 57,000 jobs in July, well below expectations of 110,000, while the unemployment rate stood at 4.2%. Comex Silver rebounded above $61 per ounce, recovering from seven-month lows as the weak jobs data further reduced expectations of additional U.S. rate hikes.

WTI Crude Oil erased most of its intraday losses to close nearly 1% higher. However, prices remained under pressure for a third straight session, hovering near pre-war levels as oil supply through the Strait of Hormuz continued to normalise

India's Industrial & Logistics (I&L) sector sustained its momentum in 2026, demonstrating resilience, with absorption reaching 34.8 million sq. ft. in the first half of 2026, reflecting a measured 2.4% year-on-year growth, according to data released by international real estate advisory firm Savills India.

Demand was primarily driven by manufacturing (30%) and 3PL (23%) occupiers, with sustained traction from FMCG & FMCD (18%), and e-commerce (10%) segments, indicating broad-based growth across key segments. Tier-I cities continued to dominate, accounting for 78% of total absorption, while Tier-II and III markets contributed 22%, reflecting emerging traction beyond Tier-I Cities, according to Savills India.

Akshat Siddhant, Lead quant analyst, Mudrex

Gold rose more than 2% in early Asian trading after weaker-than-expected U.S. jobs data strengthened expectations that the Federal Reserve may adopt a less aggressive policy stance. The metal is now on track for its first weekly gain in five weeks, with bullion up around 2.3% for the week, its strongest performance since the week ending May 25. Following the jobs report, market expectations for a Fed rate hike fell to 54% from 67%, improving the outlook for non-yielding assets like gold. A sustained move above $4,200 could attract fresh buying interest, while $4,000 remains a key support level. Meanwhile, Silver also followed the same trend, gaining close to 4% in a day. 

Riya Sehgal, Research Analyst, Delta Exchange

Bitcoin is trading around $61,300-$61,500 after moving above $62,000 earlier in the session, while Ethereum is holding near $1,700 and has shown relative strength against BTC over the past 24 hours. The recovery was led by macro data, as weaker U.S. jobs numbers increased expectations that the Federal Reserve may shift toward a less restrictive policy stance. This helped risk assets and forced short covering across crypto.

However, the move is still a relief rally, not a confirmed reversal. For Bitcoin, $62,200 is the first resistance. A sustained move above this level can open room toward $64,000-$65,000. On the downside, $60,300-$60,500 remains the key support zone. Ethereum's chart looks stronger, with price holding above short-term EMAs. The next test is $1,720-$1,733, while $1,650 is the key support.

ETF flows have improved for Bitcoin but remain uneven, while Ethereum ETF flows are largely flat. Institutional Ethereum developments are supportive, but Citi's reduced BTC and ETH targets keep the medium-term outlook cautious.

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Akshat Siddhant, Lead quant analyst, Mudrex

Bitcoin is holding strong above the $61,500 level after weaker-than-expected U.S. jobs data reduced expectations of a near-term rate hike, improving sentiment across risk assets. At the same time, sell-off in Nasdaq fuled hopes of capital rotation into crypto, contributing to the recovery. However, investors must remain cautious. On-chain data shows Bitcoin exchange inflows have climbed above 50,000 BTC per day, along with Ethereum exchange inflows exceeding 1.25 million ETH. Historically, such spikes in exchange deposits have often been followed by increased volatility, including June's decline to $58,000. If Bitcoin loses the $60,000 support, it could retest the realized price near $53,000. On the upside, a decisive break above $62,600 could pave the way for a move toward $65,000.

BTC staged a rebound towards $62K, driven primarily by a short squeeze. However, the broader backdrop remains mixed. Institutional demand remains weak due to persistent ETF outflows, while higher bond yields continue to compete with risk assets. The market is also divided on whether the recent low marks the end of the correction or merely a temporary bounce. Entering Q3, the market is healthier from a leverage perspective but more susceptible to sharp price swings due to thinner liquidity. The next major directional move will likely depend on macroeconomic conditions, institutional flows, and whether BTC can sustain momentum above $62K toward the $65K resistance.

Avinash Shekhar, Co-Founder & CEO, Pi42

Bitcoin's rebound following weaker-than-expected U.S. jobs data underscores how closely crypto markets are tracking macroeconomic expectations. Softer labour market numbers have strengthened hopes of a more accommodative monetary policy, improving sentiment across digital assets and prompting investors to reassess their market positioning. While the recovery has been encouraging, it also highlights that macro developments continue to be the primary catalyst for short-term price action.

Another notable development is the return of institutional conviction. Metaplanet's decision to resume Bitcoin accumulation after a three-month pause reinforces the view that long-term corporate participants continue to see value in strategic accumulation despite recent market volatility. Such moves often signal confidence in Bitcoin's longer-term trajectory rather than its near-term price fluctuations.

The recent improvement in sentiment could mark the early stages of a broader shift in market participation rather than a short-lived rebound. If expectations of easier liquidity conditions continue to strengthen, they could encourage fresh capital to gradually return to digital assets and support a more sustained recovery.

For investors, the conversation is gradually shifting from "how low can prices go" to "when does liquidity begin returning to the market." Historically, Bitcoin has responded positively as monetary conditions become more accommodative, making upcoming macroeconomic data and central bank expectations just as important as crypto-specific developments in shaping the next phase of the market cycle."

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The Thesis

India's broader market held despite FII net selling - DII flows of Rs 1,784 Cr absorbed the pressure and Nifty 500 closed +0.66%. Today's concentrated bet is on domestic value chains insulated from oil-import risk: EV components, quality conglomerates, and data-centre realty, all sharpening as the Hormuz disruption makes India's energy-transition case more urgent.

Where We're Concentrated

Three themes drive the allocation. Energy storage and EV supply chains anchor the book - an IEA supply shortfall of 3.9 mbpd widens the domestic EV adoption case and lifts battery and precision-component demand directly. Aditya Birla quality franchises form the second pillar, with diversified revenue shielding earnings from the crude-dollar cross while RBI holds rates at 5.25%. NCR data-centre realty rounds out exposure on DII-backed flows. The thesis breaks if Brent spikes above $80 on fresh Hormuz escalation.

Conviction Picks

Highest Conviction

Exide Industries

Battery-to-EV transition accelerates as Hormuz crude risk makes domestic energy storage the urgent hedge.

Sona BLW Precision

EV drivetrain component volumes rise as ICE fuel cost pressure grows; domestic sourcing is a structural tailwind.

Grasim Industries

Aditya Birla flagship diversifies across paints, chemicals, and NBFC - RBI rate stability supports all three verticals.

Aditya Birla Capital

NBFC re-rates as RBI holds at 5.25%; credit growth momentum and stable margins make this the clean financial-sector play.

Anant Raj

NCR data-centre and premium office demand is insulated from crude; DII-backed flows sustain the real estate upcycle.

One Thing to Watch

India VIX below 13 A sustained close there signals fear is fully priced out and unlocks the next Nifty 500 leg. The counter-signal: a fresh Trump-Iran strike threat spiking VIX above 16 is the single-session exit trigger for the entire setup.

Rajesh Palviya, Head of Research, Axis Direct

The Nifty 50 extended its rally for a second straight session on Thursday, advancing 169.85 points, or 0.71%, to close at 24,175.70, just shy of the day's high. The gains were driven by a sharp rebound in IT stocks, with Infosys soaring nearly 6% and TCS gaining over 4%, while Auto and Realty stocks added to the momentum as domestic IT outperformed despite persistent weakness in global semiconductor shares.

Overnight, the global market narrative remained mixed. A softer-than-expected US June jobs report strengthened expectations of a more accommodative Federal Reserve, pushing the Dow Jones to a fresh record high, while the Nasdaq retreated over 1% amid continued selling in AI and semiconductor stocks. With US markets closed today for Independence Day, Asian markets are trading without a fresh Wall Street cue, although lingering weakness in global chipmakers continues to weigh on regional sentiment.

For Indian equities, the macro backdrop remains supportive. Brent crude has slipped below $71 per barrel-its lowest level since late February-reducing inflationary concerns for a major oil-importing economy like India, while GIFT Nifty indicates a firm start around the 24,380-24,390 zone.

The near-term outlook remains cautiously optimistic. Sustained strength above the 24,000 mark keeps the broader trend positive, with immediate resistance seen at 24,300, followed by 24,450. On the downside, 24,050 remains a key support, while a breach could trigger a corrective move towards 23,900. Investors, however, should remain watchful of the ongoing global technology selloff, as renewed weakness in semiconductor stocks could prompt profit booking after the recent sharp rally in domestic IT names.

Vikram Subburaj, CEO, Giottus.com

Bitcoin traded near $61,465 in early Asian hours on Friday, up about 2.4 per cent over 24 hours, according to CoinMarketCap. Reuters recorded it at $61,306 slightly earlier. The recovery above $60,000 has helped stabilise market sentiment. This follows this week's decline towards $58,000. However, it is still not enough to confirm a durable trend reversal.

Immediate support lies at $60,000, near Bitcoin's latest 24-hour low of $60,038. The next support region is $57,750-58,300, covering this week's swing-low area. Resistance is visible at $62,100, close to the 24-hour high, followed by $64,000-65,000. A sustained close above the latter zone would materially improve the short-term market structure.

On-chain signals are becoming more constructive. Glassnode said long-term holders had returned to accumulation, with buying broadening across wallet sizes. However, approximately 10.83 million BTC remained at an unrealised loss, compared with 9.22 million BTC in profit. Leveraged traders were also leaning aggressively long, leaving the market vulnerable to renewed liquidations if $60,000 fails.

US spot Bitcoin ETFs recorded at least $263.9 million in net inflows on July 2, led by Fidelity's FBTC and ARK's ARKB. The figure remained provisional because BlackRock's IBIT flow had not been reported. There will be no regular July 3 ETF flow because US markets are closed for the Independence Day holiday.

The macro backdrop improved after US payroll growth slowed to 57,000 in June, below the Reuters consensus of 110,000. Rate futures assigned less than a 20 per cent probability to a July Federal Reserve rate hike. Meanwhile, September expectations moved closer to being evenly balanced. Attention now shifts to the July 8 FOMC minutes and the June CPI release on July 14.

Excluding stablecoins, the leading altcoins were positive. Ethereum traded near $1,709, BNB at $560, XRP at $1.09, Solana at $81.24 and TRON at $0.3169. Ethereum and Solana led the latest rebound.

Our advice: Bitcoin must hold $60,000 and clear $62,100 before confidence improves. Until ETF inflows broaden and macro uncertainty eases, investors should avoid chasing short-term rallies and maintain disciplined risk limits.

Nischal Shetty, Founder, WazirX

"Global markets witnessed improving sentiment across risk assets after weaker-than-expected U.S. jobs data report. Bitcoin recovered above the $60,000 mark as investors responded positively to expectations of a more accommodative monetary policy, while Ethereum ETFs recorded fresh inflows, signalling renewed institutional interest.

While inflation and geopolitical tensions, particularly around energy markets, continue to be key watchpoints, investors are increasingly looking for signals of interest rate cuts.

Markets are also beginning to factor in the long-term impact of AI on economic productivity. If productivity gains continue to improve, they could eventually create more room for central banks to adopt a less restrictive policy stance. This has supported a modest recovery in crypto alongside broader risk assets.

According to market analysts, Futures traders are likely watching the $60,000-$61,000 support zone for Bitcoin, while $63,000-$64,000 remains the next key resistance. Holding above current levels could strengthen bullish momentum, whereas a break below support may invite fresh selling pressure. For Ethereum, traders could be tracking $1,650-$1,680 as immediate support, with $1,750-$1,800 emerging as the next important resistance zone. A sustained move above resistance could encourage fresh long positions, while failure to hold support may lead to short-term consolidation."

At the close on Thursday, the total market cap of all BSE Sensex companies stood at Rs 4,79,80,419