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Tata Comm names Ganesh Lakshminarayanan as CEO-designate
telecom_economictimes118d ago

Tata Comm names Ganesh Lakshminarayanan as CEO-designate

Following necessary regulatory approvals, the Tata Communications board will appoint Ganesh as the MD & CEO of the company. He will take over from AS Lakshminarayanan, who is retiring on April 13, 2026.

#TECH
cityam118d ago

BitGo Holdings Announces Pricing of Initial Public Offering

BitGo Holdings, Inc. (“BitGo”), the digital asset infrastructure company, announced today the pricing of its initial public offering of an aggregate of 11,821,595 shares of Class A common stock at a price to the public of $18.00 per share. The offering consists of 11,026,365 shares of Class A common stock being offered by BitGo and [...]

#ECONOMY
Odisha Records 1.35 lakh litres additional milk production in 18 months under CM Kamadhenu Scheme: CM Mohan Majhi
organiser118d ago

Odisha Records 1.35 lakh litres additional milk production in 18 months under CM Kamadhenu Scheme: CM Mohan Majhi

BHUBANESWAR: The Odisha government’s flagship Chief Minister Kamadhenu Scheme, launched with the objective of strengthening the dairy sector, has delivered encouraging results, leading to an additional 1.35 lakh litres of milk production within one and a half years, Chief Minister Mohan Charan Majhi announced on January 22. The Chief Minister was speaking at the inauguration of the three-day “Matsya-Prani Samavesh, Odisha–2026” held at Janata Maidan, Bhubaneswar, a major state-level event aimed at promoting fisheries and animal husbandry as key drivers of rural income and economic growth. Describing the Kamadhenu Scheme as a historic initiative, Majhi said the programme was introduced in the very first budget of the present government with a clear vision to boost milk production, enhance farmers’ income, and create a sustainable dairy ecosystem in the state. The scheme, implemented at an estimated cost of ₹1,400 crore, has already started yielding tangible outcomes, he said. “The increase of 1.35 lakh litres of milk production in just 18 months reflects the success of this initiative. The government remains fully committed to further enhancing dairy output and strengthening the rural economy,” the Chief Minister stated. Strong Financial Support for Dairy Farmers Under the Kamadhenu Scheme, farmers are being encouraged to rear high-yielding cross-bred cows and buffaloes, with the government providing financial assistance of up to 70 per cent of the cost. The Chief Minister informed that Rs 262 crore has already been disbursed to 4.73 lakh beneficiaries across the state, significantly expanding access to quality livestock and modern dairy practices. In addition, the Odisha State Cooperative Milk Producers’ Federation (OMFED) is extending an additional incentive of Rs 2 per litre to milk producers. This support has benefited more than 2.30 lakh cattle rearers, further strengthening the dairy value chain and ensuring better returns for farmers. Warning Against Cattle Smuggling During his address, Chief Minister Majhi issued a strong warning against cattle smuggling, stating that strict action would be taken against those involved in illegal activities related to cow trafficking. “Go-mata must be protected. Anyone found indulging in cattle smuggling will face stringent legal consequences,” he asserted. Highlighting the structural challenges in agriculture, the Chief Minister noted that nearly 92 per cent of Odisha’s farmers are small and marginal, and that landholdings are expected to shrink further. In this context, he stressed the importance of diversification, urging farmers to adopt fisheries and animal husbandry alongside agriculture to ensure sustainable livelihoods. He said the government has rolled out multiple schemes to support this transition. Rise in Farmers’ Income Speaking on rural prosperity, Majhi said that the effective implementation of schemes such as Samruddha Krushak Yojana, PM-KISAN, CM-KISAN, and Subhadra Yojana has significantly enhanced farmers’ earnings. As a result, the annual income of a farmer’s family has crossed Rs 61,000, marking a substantial improvement in rural household economics. Focus on Fisheries and Livestock Self-Reliance The Chief Minister reiterated the state government’s goal of making Odisha self-reliant in fish, meat, egg, and poultry production. He noted that Odisha currently ranks fourth in the country in fish production and is striving to secure the top position. To achieve this, the government is actively implementing schemes such as the Mukhyamantri Matsyajibi Kalyan Yojana, Mukhyamantri Krushi Udyog Yojana, Pradhan Mantri Matsya Sampada Yojana, and Pradhan Mantri Matsya Kisan Samriddhi Yojana. Modern practices like biofloc technology and cage culture are also being promoted to enhance productivity and sustainability in the fisheries sector. Distribution of Benefits and Awards At the event, Chief Minister Majhi distributed financial assistance to beneficiaries of the Kamadhenu Scheme and the Mukhyamantri Matsyajibi Kalyan Yojana. He also conferred the Gopal Ratna Award on Dilip Pradhan of Angul and the Native Breed Conservation Award on Sukant Kumar Biswal of Jajpur. Additionally, 12 outstanding farmers from the fisheries and animal husbandry sectors were felicitated for their exemplary contributions. Government to provide land for Goshalas Addressing the gathering, Revenue and Disaster Management Minister Suresh Pujari said that to protect cattle wealth and ensure the welfare of cows, gaushalas will be constructed wherever required across the state, with land to be provided by the Revenue Department. He noted that farmers are no longer limited to crop cultivation alone, as animal husbandry and fisheries have become integral parts of Odisha’s evolving agricultural system. He added that in the last 19 months, the highest number of cabinet proposals were related to fisheries and animal resources development, reflecting the government’s clear priority. Fisheries and Animal Resources Development Minister Gokulananda Mallik said the Kamadhenu Scheme has ushered in a new era of dairy revolution in Odisha. He highlighted that awareness programmes, fairs, and exhibitions have been organised across 314 blocks and 30 districts to educate farmers about opportunities in the fisheries and livestock sectors. From infrastructure development to direct farmer support, comprehensive measures have been put in place to accelerate growth in these areas. The event attracted a large number of fish farmers, livestock rearers, researchers, agricultural scientists, and students from across the state, underscoring Odisha’s growing focus on integrated and sustainable rural development.

#ECONOMY
Ethereum Supply Tightens On Binance As Reserves Hit Lowest Level Since 2016
newsbtc118d ago

Ethereum Supply Tightens On Binance As Reserves Hit Lowest Level Since 2016

Ethereum has slipped below the $3,000 level again as selling pressure returns across the broader crypto market, keeping bulls on the defensive after a brief recovery attempt. The move back under this psychological zone suggests that traders remain cautious, with downside volatility re-emerging as risk appetite fades and liquidity thins near key support levels. Related Reading: Binance Order Flow Suggests Ethereum Is In Correction Mode: Demand Still Missing However, while price action looks heavy in the short term, on-chain data is flashing a different signal beneath the surface. According to Arab Chain, Ethereum reserves held across centralized exchanges have dropped to around 16.2 million ETH, marking their lowest level since 2016. That milestone matters because it highlights a steady, long-duration trend of withdrawals rather than a sudden one-off event. In practical terms, fewer coins sitting on exchanges typically means less immediate supply available for spot selling, especially during periods of market stress. This behavior can reflect a shift away from short-term trading and toward longer-term holding, self-custody, or deployment in DeFi. Ethereum remains vulnerable as price struggles below $3,000. Still, the persistent reserve decline suggests that supply conditions may be tightening in the background, setting the stage for a sharper reaction if demand returns. Binance Reserves Keep Falling The CryptoQuant analysis also points to a similar reserve drawdown on Binance, reinforcing the broader exchange supply contraction narrative. Since the beginning of 2026, Binance’s Ethereum reserves have dropped from roughly 4.168 million ETH to around 4.0 million ETH, signaling steady withdrawals even as the price remains under pressure. This matters because Binance is often the main liquidity hub for ETH spot and derivatives, so shifts in its reserve balance can reflect real changes in market positioning. What stands out is that this decline is happening without a meaningful rebound in inflows. In other words, ETH is not rotating back onto exchanges aggressively, suggesting sellers are not rushing to increase liquid supply at current levels. That dynamic typically aligns with a market where investors prefer holding behavior over active distribution. Either moving ETH to cold storage or deploying it across DeFi. While reserves falling does not guarantee an immediate rally, it can change the supply-demand equation over time. With fewer coins sitting on exchanges, the market becomes more reactive if demand returns suddenly, as there is less readily available ETH to absorb buy pressure. If Ethereum manages to reclaim key resistance levels, this supply tightening could amplify upside follow-through. Related Reading: XRP Leverage Builds Without Overheating: Open Interest Climbs And Volatility Spikes Ethereum Loses $3,000 as Bears Regain Control Ethereum is showing renewed weakness after failing to hold above the key $3,000 level, with price now hovering near $2,970 on the daily chart. After briefly stabilizing earlier this month, ETH attempted a rebound toward the $3,300–$3,400 supply zone. But momentum faded quickly as sellers stepped back in and pushed the market lower. From a technical perspective, Ethereum remains trapped below its major moving averages, reinforcing the bearish structure. The recent rejection near the descending trend of the 200-day average signals that upside attempts are still being capped by overhead resistance. Keeping bulls on the defensive. At the same time, the breakdown below $3,000 shifts market sentiment back into risk-off mode. Especially as crypto traders remain sensitive to broader macro uncertainty. Related Reading: Trade War Headlines Trigger $800M In Liquidations Overnight: Longs Get Wiped Out Across Crypto Markets The current price action also reflects a fragile recovery attempt rather than a confirmed reversal. ETH’s latest drop places focus on the $2,850–$2,900 region as the next support area. An area where buyers previously stepped in during earlier selloffs. If this zone fails to hold, the market could revisit deeper levels from the previous correction phase. For bulls to regain control, Ethereum must reclaim $3,000 quickly and build stronger demand above that threshold.

#TECH