The Supreme Court of India passed a rule to remove the restrictions from crypto trading companies as the Court cited there was no evidence that crypto trading could cause any tangible harm to the nation.
Binance and WazirX as the two have declared to provide funds valued at $50M to support the development of blockchain technology in the country.
If the news you just reported is accurate then obviously they should be experiencing some bullish market also Binance involvement along with India exchange should be enough reason to cause a bullish market in the country. I haven't seen any project that gets assistance from the exchange that hasn't been successful.