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Time of India
2 hours ago
- Sport
- Time of India
Arsenal suffers 3-2 defeat to Villarreal in friendly clash days ahead of Premier League season kickoff; check full match report here
Arsenal suffered a 3-2 defeat against Villarreal in a friendly game on Wednesday (August 6, 2025) at the Emirates Stadium in 2025–26. The gunners suffered a second loss in a row. Last week, the team faced a defeat against Tottenham Hotspur and ended the Asian tour on a poor note. The two back-to-back losses for Arsenal came after victories over AC Milan and Newcastle United in Singapore to begin their summer schedule. Nicolas Pépé, who joined Villarreal in the 2024 summer season, just took 17 minutes following his return to north London to open the scoring for his team, turning the ball in from close range after the visitors recycled possession from Pape Gueye, who struck the post. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Before Villarreal, Pépé played for Arsenal, and he was the second most expensive signing in the club's history. Following the first goal in the match, he did not celebrate much. Despite creating several opportunities to equalize, Mikel Arteta's team conceded another goal from Villarreal, making the scoreline read 2-0. It was another close-range rebound from Etta Eyong, in the right place at the right time in the 33rd minute, to convert after Raya initially saved from Gerard Moreno. After being 2-0 down in the first half, Arsenal came from behind and pulled a goal back in the 36th minute. Christian Nørgaard scored his first goal for the club since his arrival from Brentford. Live Events After a rough start to the second half, Villarreal regained their two-goal lead. Arnaut Danjuma, who was once on loan at Tottenham, made it happen. He launched a quick counterattack and calmly placed a shot across Raya into the bottom corner, even as Mosquera rushed to block him. Just like before, Arsenal fought back after going down by two goals. Young star Max Dowman drew a penalty, and substitute Martin Ødegaard scored from the spot with 16 minutes remaining. But the Gunners couldn't find a third goal. Arsenal is set to be in action again on Saturday (August 9, 2025), and with the Premier League season starting just eight days later, the days of making lots of halftime substitutions are over. Instead, Arteta made only two changes at halftime, giving Martín Zubimendi and Cristhian Mosquera valuable minutes and unofficial home debuts, replacing Nørgaard and Ben White, respectively.
Time of India
2 hours ago
- Business
- Time of India
RBI keeps repo rate unchanged at 5.5%
MUMBAI: The Reserve Bank of India ( RBI ) held policy rates steady at 5.5% with a unanimous vote from all six members of the Monetary Policy Committee (MPC), maintaining a 'neutral' stance. The decision aligns with market expectations, as the central bank awaits further transmission of earlier rate cuts and clarity on tariffs. This marks the first status quo under Governor Sanjay Malhotra , who took office earlier this year. The RBI lowered its FY26 inflation forecast to 3.1% from 3.7% earlier, while retaining the growth projection at 6.5%. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Speaking to the media, Malhotra said there wasn't enough data to revise gross domestic production (GDP) forecasts and noted, 'India is less dependent on the outside so far as inflation is concerned.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like After Losing Weight Kevin James Looks Like A Model 33 Bridges Undo Deputy governor Poonam Gupta added that half of India's inflation basket consists of food, limiting global impact. In response to US President Donald Trump 's 'dead economy' comment, the RBI governor said, 'We are contributing about 18% to global GDP growth, which is more than the US, where the contribution is expected to be much lower at 11%." Live Events 'So, we are doing very well and will continue to further improve,' he said. 'Volatility Persists' In April, the RBI had cut its FY26 growth forecast from 6.7% to 6.5% in the backdrop of the first set of tariff announcements from the Oval Office 'It is very difficult to predict what the impact will be going forward,' Malhotra said, on whether the projections factor in the impact of punitive tariffs. 'We are hopeful that we will have an amicable solution,' the RBI governor told the media, ahead of the US announcing an additional 25% tariff on Indian goods, following a similar increase on Tuesday. SBI chairman CS Setty said the RBI's decision to hold rates was expected, citing trade uncertainties and lagged policy effects. 'Inflation is likely to remain under check at 3.1% for FY26, and growth impulse is expected to be intact,' he said. LOOMING TARIFF THREAT The MPC's decision came ahead of US President Donald Trump imposing fresh tariffs over New Delhi continuing to purchase oil from Moscow which the Oval Office believes has helped fuel Russia's war efforts. Economists estimate existing 25% tariffs could reduce growth by 20-30 basis points. One basis point is a hundredth of a percentage point. Malhotra said MPC chose to go for status quo amid geopolitical uncertainties and 'wait for further transmission of the frontloaded rate cuts to the credit markets and the broader economy'. The RBI had earlier cut rates by 100 bps and announced a phased 100 bps CRR cut starting September. Goldman Sachs described the policy announcement 'somewhat hawkish'. The 10-year government bond yield climbed 9 basis points (bps) to 6.42%, reaching levels last seen in early May. Yields have risen despite a 50 bps rate cut in June, and Wednesday's decision, along with the governor's comments, tempered expectations of a rate cut in October. 'There will be some volatility; we are living in very uncertain times,' he said. 'The US dollar has seen appreciation and then depreciation, movements on both sides of about 10%.' The Indian rupee edged higher to 87.73 against the dollar, up from its previous close of 87.80. The benchmark BSE Sensex retreated 0.21% to end at 80,543. 'GLOBAL GROWTH ENGINE' Refuting comments from President Trump that India is a 'dead economy,' the governor said that India is contributing significantly to global growth. Economists, including SBI's Soumya Kanti Ghosh, who had advocated easing rates by a quarter percentage point, said the central bank raised the threshold for any further rate cuts. However, Madhavi Arora, chief economist at Emkay Global , argued that focusing narrowly on one-year inflation projections is increasingly misplaced amid shifting global dynamics.
Time of India
2 hours ago
- Business
- Time of India
EU buys more LNG from Russia, less from US
The European Union's liquefied natural gas (LNG) imports from Russia have been increasing since the start of the Russia-Ukraine war in February 2022, even as EU sanctioned the Nayara Energy refinery in India last month owing to the 49.13% stake held in it by Russian oil firm Rosneft, saying profits from the refinery were fuelling Moscow's war. EU's imports of Russian LNG increased 9% year-on-year since 2022, while imports from other sources including the US declined, according to a study by the Finland-based independent research organisation Centre for Research on Energy and Clean Air (CREA). Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program EU paid $8.5 billion for Russian LNG in 2024, having struggled to attain sufficient non-Russian gas supply. EU's gas imports from Russia were 9.6% higher in 2024 compared to 2021, according to CREA, which tracks Russian energy exports among other fossil fuel exports globally. In 2024, EU's LNG imports from Russia reached a record 16.5 million tonnes, surpassing the previous record of 15.21 million tonnes in 2022, as per CREA data. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Experts Warn If You See This Bug In Your Yard, Do This Quickly Undo Since the beginning of the Russia-Ukraine war, EU member nations have paid more than 212 billion euros for importing Russian fossil fuels, according to the research organisation. Russian energy firm Gazprom's average daily natural gas supplies to Europe increased 37% month-on-month in July, according to some reports. In 2024, EU had a bilateral goods trade of 67.5 billion euros with Russia. In addition, in the previous year, it had a services trade of an estimated 17.2 billion euros. This was significantly more than India's total trade with Russia that year or subsequently. Live Events Europe-Russia trade includes not just energy but also fertilisers, mining products, chemicals, iron and steel and machinery and transport equipment, according to a statement by India's external affairs ministry.
Time of India
3 hours ago
- Climate
- Time of India
Is glacial snout detachment at over 6,000 m reason for Dharali disaster?
Government authorities are examining whether a glacial snout detachment at over 6,000 m upstream of Dharali caused the flash flood, leading to immense devastation in Uttarakhand's Uttarkashi district on Tuesday. It is suspected that a glacial snout at 6,700 m detached some days ago and large glaciofluvial debris deposits had collected at the site. Heavy rains over the past few days loosened the debris that cascaded downstream with water in Kheer Ganga , accelerating due to steep gradient up to Dharali, sources indicated. This has, however, yet to be corroborated with satellite imagery. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Glaciologist DP Dobhal told ET that while there is no clear evidence of the snout detachment, there was enough debris massed around it for several years now. "One cannot conclusively say it was snout detachment until satellite imagery and ground assessment fully confirm so. Currently, the glacial sites are inaccessible but upwards of Kheer Ganga there are two unnamed glaciers which have seen significant accumulation of debris and old moraine, massing up over the years. There is also a hanging glacier just off the Kheer Ganga nallah that is to be closely watched. The river system itself may also have contributed. Also, even without a glacial snout detachment, very large debris flow may have impacted Dharali as the valley is quite narrow," Dobhal said. He, however, ruled out a Glof event since no such vulnerable lakes had been identified in the areas. Government sources have also ruled out two other factors - cloudburst or even a glacial lake outburst flood (Glof). Live Events No cloudburst was reported in the area as per sources, but there was heavy downpour that may have contributed to the detachment of the glacial snout and the consequent transport of glacial debris downstream in a flash flood.
Time of India
3 hours ago
- Business
- Time of India
BitMine Immersion Technologies (BMNR) explodes 14% in a day, up 167% this month—will its massive Ethereum bet push the crypto stock past $50 next?
BitMine Immersion Technologies Inc. (NYSE American: BMNR) continued its recent momentum on Wednesday, closing up 13.45% at $37.78 , a gain of $4.48 in a single trading session. This move follows weeks of intense volatility driven by the company's aggressive Ethereum accumulation strategy and renewed retail and institutional interest in crypto-linked equities. The key catalyst behind BMNR's latest move is its continued commitment to Ethereum. Over the last month, BitMine raised $250 million in private funding to build up one of the largest ETH treasuries held by a public company. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program With a growing ETH treasury, a rapidly expanding market cap, and a long list of high-profile backers, BMNR is increasingly being seen as one of the market's most speculative but potentially explosive crypto-adjacent stocks. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Belly Fat Removal Without Surgery in Algeria: The Price Might Surprise You Belly Fat Removal | Search Ads Get Info Undo How has BMNR stock performed in the past month? 1-week gain : +21.2% 1-month gain : +167% 52-week range : $1.00 – $161.00 Recent high : $97 (July 2025 intraday peak) Volume (August 6) : Over 35.3 million shares traded Since announcing its $250 million private placement to build a treasury of Ethereum, BMNR has moved from under $5 (pre-reverse split) to nearly $100, before settling near the $35–40 range this week. What is the size of BitMine's Ethereum treasury? BitMine has reportedly acquired over 833,000 ETH, which at current market prices (~$3,500 per ETH) values the company's Ethereum holdings at approximately $2.91 billion. This positions BMNR as one of the largest Ethereum-holding public companies, placing it in similar territory as corporate crypto-holders like MicroStrategy (Bitcoin) and Hive Digital (mixed assets). Live Events What are analysts and technical indicators saying about BMNR? While BMNR does not yet have coverage from major Wall Street analysts, some retail-focused platforms and chart analysts have made bullish short-term predictions based on momentum and treasury size. Technical indicators: Relative Strength Index (RSI) : Currently around 62 , indicating near overbought territory. MACD : Still in bullish crossover, suggesting positive momentum. 200-day moving average : ~$12.50 (far below current levels) Short interest : Elevated, but not extreme — potential for short squeezes remains. Forecast: Support zone : $31.70–$33.10 Resistance zone : $42.00–$45.00 3-month forecast range : $45 to $247 , depending on market volatility and ETH price 'BMNR is a speculative play, but if Ethereum continues to rise, a move toward $50 or even $75 in the next 4–6 weeks isn't off the table,' said one technical analyst on Reddit's r/stocks forum. How dependent is BMNR's stock on Ethereum price? Extremely. BMNR's value now closely tracks Ethereum price movements, given the massive ETH holdings on its balance sheet. If ETH rises to $4,000 , BMNR's treasury could exceed $3.3 billion , potentially pushing the stock above $50 . If ETH drops below $3,000 , the company's valuation could contract sharply — possibly returning the stock to the $20s . The correlation makes BMNR a high-risk proxy for Ethereum performance, especially attractive to traders wanting crypto exposure via equities. What do the financials and fundamentals say about BMNR? Despite its growing popularity, BitMine Immersion is still a pre-profit company . Based on public data from StockAnalysis, it reported just $5.45 million in revenue over the past 12 months and posted a net loss of about $6.5 million . Its EPS (earnings per share) stands at –$2.89, and it does not yet have a P/E ratio due to negative earnings. This makes BMNR a high-risk, high-reward stock driven more by sentiment, crypto market trends, and its strategic narrative than by strong fundamentals—at least for now. Still, the market cap hovers around $3.5–$4.3 billion, which is largely based on the value of its ETH holdings and future growth potential. What should investors expect next from BMNR? Short-Term Catalysts to Watch: Additional ETH purchases or staking rewards announcements Q2 earnings report (tentative: late August 2025) Any new partnership or institutional investment news Ethereum price volatility Risk Factors: BMNR is still a pre-profit company with $5.45M TTM revenue and –$6.5M net loss Massive volatility and past pump-and-dump behavior Lack of long-term operational track record or profitability Prediction: Could BMNR hit $50 soon? If Ethereum breaks $3,800–$4,000 and BMNR announces a staking revenue stream or expands its treasury, it's very possible the stock reclaims $50+ within the next 2–4 weeks. However, that would likely depend on: Continued risk-on sentiment in crypto Strong trading volumes staying consistent No dilution or negative earnings surprises A bearish ETH move could quickly send BMNR back to the $25–30 range. BitMine Immersion Technologies (BMNR) is turning heads with its Ethereum-first strategy, rapidly growing market cap, and strong momentum. But this is not a fundamentals-led trade—it's a bet on ETH, sentiment, and smart positioning. For now, the stock has the attention of both Wall Street and crypto bulls alike. Whether that continues depends heavily on ETH's path—and how well BitMine plays its cards in the weeks ahead. FAQs: What is BitMine Immersion Technologies' (BMNR) latest stock move? BMNR jumped 14% in a day , driven by its Ethereum holdings strategy. Can BMNR stock hit $50 soon? If momentum and Ethereum prices rise, BMNR could test the $50 level shortly.
