‘Trump’s win positive for India’s IT industry’

Trump’s pro-start-up policies are likely to attract more US investment, similar to his previous term when American investors accounted for 60% of total investments in Indian start-ups, said Somdutta Singh, angel investor, founder and CEO of Assiduus.

“Trump’s focus on countering China’s economic influence may redirect investments toward India, creating more opportunities for our start-ups. Enhanced military cooperation aligns with India’s strategic interests and could benefit defence-related start-ups, while his pro-business stance is expected to bolster sectors like energy and commodities,” she added.

Meanwhile, Bitcoin surged to a new all-time high above $74,000 and crypto exchanges CoinDCX and CoinSwitch saw a surge in trading volumes. On the spot market, CoinDCX noticed $11.82 million in total trading volume marking the highest of this quarter, with BTC alone hitting its highest volume of the quarter at $1.83 million.