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

In Jammu and Kashmir, the Centre is reconsidering financial approvals for the Singhpora-Vailoo and Sudhmahadev-Dranga tunnel projects to enhance year-round connectivity. These projects aim to establish a safer alternative to the Jammu-Srinagar NH 44. Additionally, the Peer Ki Gali tunnel on the Mughal Road is part of a broader initiative to provide crucial all-weather routes.

Powell resists Trump pressure: Fed chair tells House panel ‘we are well positioned to wait’, says more economic clarity needed
https://timesofindia.indiatimes.com/business/international-business/powell-resists-trump-pressure-fed-chair-tells-house-panel-we-are-well-positioned-to-wait-says-more-economic-clarity-needed/articleshow/122049590.cms

Federal Reserve Chair Jerome Powell indicated the central bank's intent to hold steady on interest rates, prioritizing further economic data analysis before contemplating any reductions. This stance directly contradicts President Trump's renewed calls for immediate rate cuts. Powell is set to face potentially challenging hearings on Capitol Hill, addressing monetary policy and economic concerns amid increasing political pressure.

US stock market today: Wall street rally after announcement of Israel-Iran ceasefire, Oil prices drop sharply
https://timesofindia.indiatimes.com/business/international-business/us-stock-market-today-wall-street-nasdaq-dow-jones-sp-500-crude-oil-prices-israel-iran-ceasefire/articleshow/122050726.cms

Wall Street experienced a surge, nearing record highs, driven by optimism surrounding a ceasefire between Israel and Iran. The announcement triggered a drop in oil prices and a broad rally across sectors, particularly benefiting travel, crypto, and tech stocks. Despite calls for rate cuts, the Federal Reserve maintained a cautious stance, citing the economy's strength.

Indian EB-5 investors take USCIS to court over ‘unlawful’ denial of application
https://timesofindia.indiatimes.com/business/international-business/indian-eb-5-investors-take-uscis-to-court-over-unlawful-denial-of-application/articleshow/122051832.cms

Rupee posts biggest single-day gain in five years: Currency jumps 73 paise to 86.05 vs dollar, as oil slides on Iran-Israel ceasefire
https://timesofindia.indiatimes.com/business/india-business/rupee-posts-biggest-single-day-gain-in-five-years-currency-jumps-73-paise-to-86-05-vs-dollar-as-oil-slides-on-iran-israel-ceasefire/articleshow/122051951.cms

The Indian rupee surged, marking its largest single-day gain in nearly five years, closing at 86.05 against the US dollar. This rebound was fueled by a significant drop in global crude oil prices and easing geopolitical tensions in West Asia. A weaker dollar and positive performance in domestic equities further bolstered the rupee.