Civil Aviation Minister K Rammohan Naidu refuted media reports claiming the Air India Ahmedabad crash black box was sent abroad. He confirmed the Aircraft Accident Investigation Bureau (AAIB) is analyzing it in India. The London-bound Boeing 787-8 Dreamliner crashed on June 12, killing 241, and the government formed a panel to investigate the cause.

Big $40 billion consumption boom on the horizon! Tax cuts, cheaper loans & 8th Pay Commission to drive new wave - what sectors should investors bet on?
https://timesofindia.indiatimes.com/business/india-business/big-40-billion-consumption-boom-on-the-horizon-tax-cuts-cheaper-loans-8th-pay-commission-to-drive-new-wave-what-sectors-should-investors-bet-on/articleshow/122043973.cms

India is poised for a consumption boom, potentially adding $30-40 billion annually, driven by tax cuts, salary increases, and lower borrowing costs. Analysts anticipate a significant rise in discretionary spending, benefiting sectors like food delivery and consumer goods. Investors should consider opportunities as economic indicators and liquidity conditions support sustainable growth.

ITR filing last date FY 2024-25 extended: Will penal interest be charged if final tax paid after July 31? Here’s what experts say
https://timesofindia.indiatimes.com/business/financial-literacy/taxation/itr-filing-last-date-fy-2024-25-extended-will-penal-interest-be-charged-if-final-tax-paid-after-july-31-heres-what-experts-say/articleshow/122044642.cms

The ITR filing deadline for FY 2024-25 has been extended to September 15, 2025, potentially waiving penal interest under Section 234A if self-assessment tax is paid by the extended date. However, this extension does not affect penal interest applicability under Sections 234B and 234C for advance tax deficiencies, which remain in effect.

Walmart $10bn sourcing goal on track, says CEO McMillon; aims to strengthens India ties with export and digital push
https://timesofindia.indiatimes.com/business/india-business/walmart-10bn-sourcing-goal-on-track-says-ceo-mcmillon-aims-to-strengthens-india-ties-with-export-and-digital-push/articleshow/122045258.cms

Walmart aims to source $10 billion in goods annually from India by 2027, according to CEO Doug McMillon during his recent visit. The company is expanding its sourcing beyond traditional categories, engaging with a more diverse range of Indian suppliers. McMillon also lauded the performance of Flipkart and PhonePe.

Global central banks shift from dollar to gold and euro, says OMFIF survey, as Trump’s tariffs shake safe-haven appeal
https://timesofindia.indiatimes.com/business/international-business/global-central-banks-shift-from-dollar-to-gold-and-euro-says-omfif-survey-as-trumps-tariffs-shake-safe-haven-appeal/articleshow/122047297.cms

Global central banks, overseeing approximately $5 trillion in reserves, are reportedly planning to diversify away from the US dollar. A recent survey indicates a growing interest in gold, the euro, and the Chinese yuan as alternative reserve assets.

Bitcoin surges past $105,000, Ethereum jumps 8% and altcoins rally; traders eye Powell’s speech for next leg up
https://timesofindia.indiatimes.com/business/india-business/bitcoin-surges-past-105000-ethereum-jumps-8-and-altcoins-rally-traders-eye-powells-speech-for-next-leg-up/articleshow/122048079.cms

Bitcoin soared past $105,000, fueled by eased geopolitical tensions following a ceasefire agreement and significant inflows into spot ETFs. Altcoins also surged, with Solana, Sui, and Chainlink leading the gains. Market sentiment turned greedy as investors await Federal Reserve Chair Jerome Powell's comments for further cues on interest rate policy.

'Duopoly not good': Telecom minister pushes for competition; Scindia says Moore’s law must apply to data pricing in India
https://timesofindia.indiatimes.com/business/india-business/duopoly-not-good-telecom-minister-pushes-for-competition-scindia-says-moores-law-must-apply-to-data-pricing-in-india/articleshow/122048792.cms

Telecom Minister Jyotiraditya Scindia emphasized the need for robust competition in the telecom sector, stating that a duopoly is unhealthy. Guidelines for delicensing 6 GHz spectrum for Wi-Fi services will be issued before August 15. He highlighted the government's commitment to equitable access to technology and urged device manufacturers to produce affordable devices to bridge the digital divide.

Strategic Jammu-Srinagar tunnel project: All-weather route for troops, convoys on the cards; check details of project
https://timesofindia.indiatimes.com/business/infrastructure/strategic-jammu-srinagar-tunnel-project-all-weather-route-for-troops-convoys-on-the-cards-check-details-of-project/articleshow/122047180.cms