ET NEWS

Flipkart Investments is set to exit its entire 6% stake in Aditya Birla Lifestyle Brands Ltd (ABLB) through block deals worth around Rs 950 crore, according to a CNBC Awaaz report. The sale will involve 7.3 crore shares at a base price of Rs 130 per share.The move marks one of the larger exits by a private investor from a domestic retail company this year. Multiple institutional investors are expected to participate in the block deal, indicating continued interest in India’s premium lifestyle and apparel space despite recent volatility.ABLB, part of the Aditya Birla Group, operates under the umbrella of Aditya Birla Fashion and Retail Ltd (ABFRL) — one of India’s largest branded apparel and lifestyle conglomerates.The company houses several marquee labels such as Louis Philippe, Van Heusen, Allen Solly, and Peter England, and has in recent years expanded aggressively into new categories like ethnic wear, activewear, and international luxury brands.Aditya Birla Lifestyle Brands serves as the group’s vehicle for building premium and luxury fashion offerings, including partnerships with international labels such as Reebok, Ralph Lauren, Hackett London, and Ted Baker.The company has also ventured into new-age retail formats and omni-channel distribution, targeting aspirational urban consumers.The sale by Flipkart Investments comes at a time when the Aditya Birla Group has been consolidating its fashion and lifestyle businesses.Shares of Aditya Birla Lifestyle were last seen hovering near Rs 136 on the BSE.

After slipping more than 2% in the previous week, Indian equity markets staged a smart recovery, with the Nifty50 gaining about 1% for the week ended October 3, 2025.The rebound was driven by improved sentiment following the Reserve Bank of India’s Monetary Policy Committee (MPC) meeting, where the central bank decided to maintain status quo on key policy rates.The MPC kept the repo rate unchanged at 5.5% for the second consecutive meeting, reiterating its focus on supporting growth while keeping inflation within target.The decision, coupled with a neutral tone from the RBI, boosted market confidence and helped offset some of the recent weakness.As the Q2FY26 earnings season kicks off, investors are expected to closely track corporate results for cues on the sustainability of earnings growth.Last week’s time clusters played out accurately, helping traders capture both intraday highs and lows effectively.Key Time Clusters for the Week (Oct 6 – 10, 2025)Monday, Oct 6: 9:20 am – 11 am; 12:10 pmTuesday, Oct 7: 9:20 am – 11:45 am; 12:20 pm; 1:15 pmWednesday, Oct 8: 10:15 am – 11:15 am; 1 pm; 2:45 pmThursday, Oct 9: 10:15 am – 11:10 am; 12:40 pm; 2:05 pmFriday, Oct 10: 11:15 am – 12:20 pm; 1 pm; 2:25 pmNifty Spot Levels to WatchResistance: 24,978; 25,001; 25,035; 25,082; 25,145; 25,322; 25,434Support: 24,850; 24,805; 24,688; 24,647; 24,538; 24,458; 24,382; 24,142Trading OutlookOctober 6 & 7 are key dates to watch for potential momentum in the market.October 9 is projected as a highly significant day, likely to witness sharp movements.Traders are advised to monitor intraday price action closely around these dates while keeping an eye on the stated support and resistance levels.With global cues stable and domestic earnings set to take center stage, short-term volatility is likely, but analysts remain optimistic that the broader trend could stay constructive as long as Nifty holds above key support zones.(The author, Harshubh Mahesh Shah, is Director at Wealthview Analytics Pvt Ltd. SEBI Registration – INH000009676.)(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times.)

World's largest cryptocurrency by market value, Bitcoin, surged to an all-month high of $125,000 on Sunday, riding on continuous inflows into the ETFs amid the official US government shutdown. It was last up by around 2.68% at $125,245. According to data from CoinMarketCap, other coins Ethereum went down 0.44% to $4,563. XRP, BNB, Solana, Tron, Dogecoin, Hyper Liquid, and Cardano were also trading with cuts in the latest hour. Analysts said this strong rally reflects growing investor appetite for hedge assets such as Bitcoin and gold amid heightened macroeconomic uncertainty. Meanwhile, the US dollar is on the slide, posting multi-week losses against major currencies, as uncertainty surrounding a US government shutdown clouded the outlook and delayed key data releases, such as payrolls, critical for gauging the economy's direction. Outlook Citigroup recently raised its year-end price target for Ether to $4,500 from $4,300, citing strong flows from ETFs and digital asset treasuries. The brokerage trimmed its Bitcoin forecast to $133,000 from $135,000, pointing to offsetting macro factors, including a stronger dollar and weaker gold prices. Citi sees continued upside next year, with a 12-month target of $5,440 for Ether and $181,000 for Bitcoin. The foreign brokerage's base case assumes robust year-end flows of $7.5 billion into Bitcoin, with a bull case predicated on stronger equity markets and higher demand. For Ether, the upside is driven by increased adoption and potential yield generation via staking and decentralised finance platforms. Bear case for Bitcoin sees prices falling to $83,000 if recessionary macro conditions materialise, while Ether's downside is harder to model due to uncertainty around network activity and value accrual, the brokerage noted. "While Bitcoin continues to trade above adoption model estimates, its digital gold narrative remains intact and is likely to attract a larger share of incremental flows," the brokerage said. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

A 16-year-old boy from Kerala recently became the victim in a disturbing case that highlights the dangers of online dating apps.Police charged 14 people, including government workers, with sexually assaulting the teenager. The group allegedly befriended the boy through the app before the attacks occurred.As the investigation unfolded last month, it was discovered the teenager, who is now safe, had been using fake profiles to stay active on the platform for almost two years.Tragically, this kind of predatory incident is not a rare occurrence, for the police. They report that such crimes are becoming increasingly common.They say this falls squarely within the patterns they regularly encounter through their Digital De-addiction (D-DAD) programme, an initiative aimed at identifying and rehabilitating children hooked on online games, social media, and pornography.Launched in 2023, the D-DAD project is the first of its kind in the country.At present, there are six centres operating under it-in Thiruvananthapuram, Kollam, Kochi, Thrissur, Kozhikode, and Kannur. With encouraging responses from parents, schools, and child rights activists, the police now plan to expand the initiative to Pathanamthitta, Alappuzha, Kottayam, Palakkad, Malappuram, Wayanad, Idukki, and Kasaragod before the close of the 2025-26 financial year.According to official data, between March 2023 and July 2025, D-DAD centres handled as many as 1,992 cases of digital addiction. Of these, 571 involved children addicted specifically to online games.Sooraj Kumar M B, nodal officer of the Student Police Cadet (SPC) Project in Ernakulam and coordinator of the district's D-DAD centre, said the initiative has provided timely intervention for hundreds of children."The trend we see is that boys are largely addicted to online games while girls are drawn more to social media platforms. Our counsellors suggest practical methods to overcome these habits and also engage parents in the process," he told PTI.According to Sooraj, one of the project's major successes has been in changing parental attitudes. "Earlier, many families refused to accept mobile phone use as an addiction, unlike alcohol or drugs. Now, with more cases being reported, parents are realising that digital addiction is real-and they want their children to come out of it".The state government recently renewed contracts for counsellors at the centres, which had expired in July this year, and is in the process of appointing additional staff to meet rising demand.Concerns over excessive mobile and internet use among children were also raised in the recent state Assembly session. Responding to a question by MLA K J Maxi, Chief Minister Pinarayi Vijayan revealed that 41 children had committed suicide between January 2021 and September 9, 2025, due to misuse of mobile phones and the internet.He also said that in the same period, 30 children were identified and faced legal action after being found involved in sexual or narcotics-related crimes linked to misuse of digital platforms.Cyber law expert and Cyber Suraksha Foundation founder advocate Jiyas Jamal described the D-DAD programme as a model initiative that other states should emulate. But he warned that the growing misuse of dating apps by minors poses a serious challenge."Dating apps are gaining popularity among teenagers, even though they are meant strictly for adults over 18. Weak verification measures allow underage users to slip through, and these apps are fast becoming a hub for illegal activities and child exploitation," he said.Jamal pointed out that many of these apps operate illegally from servers abroad and aggressively promote themselves through targeted advertisements on social media. "Platforms running these ads must also be held accountable. Just as the central government has brought in rules to regulate online gaming, similar stringent norms are needed for social media and dating apps," he said.Jamal said that children often fall into traps set by people through these dating apps and are blackmailed for financial gains or forced into illegal activities. "I have received several cases where parents only realise the trap in which their children fell after losing money. Some exploit children for sexual acts such as pornography and the narcotics trade," he said.Apart from the police, the Women and Child Development (WCD) Department and the Education Department are also running a set of programmes to help children and parents overcome digital addictions.WCD officials said that the Our Responsibility to Children (ORC) initiative has been introduced in 1,227 schools across the state to conduct awareness programmes about issues faced by children including digital addiction among students.In coordination with the Education Department, psycho-social counsellors have been appointed in 1,012 schools to provide professional support to children in need."Apart from this, we have also started parenting clinics at the block panchayat level. Another initiative, called Vulnerability Mapping, is being implemented in a panchayat in Thiruvananthapuram district to identify vulnerable children and take necessary steps," a WCD officer said.