Explained
Since the announcement of results, Tata Elxsi has risen 4%, Tata Technologies has gained 2%, and L&T Technology Services is up 1.5%. Source
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SBI Cuts Deposit Rates By 25 Bps; Savings Rate Hits
State Bank of India lowers interest rates on retail term deposits and savings accounts from June 15, impacting depositors and reflecting broader market trends. Source
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Stock markets decline in early trade dragged down by oil
Investor sentiment drops as Trump threatens higher tariffs on India, leading to market decline in early trade. Source
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Trade tensions: India GDP may fall below 6
India Business News: S&P Global Market Intelligence warns that India’s GDP growth could dip below 6.2% in FY26 if the US imposes a 25% tariff beyond September. This stems Source
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Pakistan Confirms India’s Strikes On Terror Camps In PoK, Vows
Pakistan has confirmed India’s air strikes on terror camps in PoK and warned of a forceful response, calling it a “cowardly attack.” Source
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RBI keeps interest rate on floating rate savings bonds unchanged
This rate includes a spread of 35 basis points over the current National Savings Certificate (NSC) rate, which stands at 7.70%. Source
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China backs Russia’s initiative to revive Russia-India-China troika
The Russian and Chinese interests in the revival of the RIC followed the recent visit of External Affairs Minister S Jaishankar to China to take part in the SCO Foreign Ministers meeting, during which he held talks with top Chinese officials, including Foreign Minister Wang Yi, and his Russian counterpart Sergei Lavrov. Source
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Barcelona Down But Not Out; Hansi Flick Throws Down Gauntlet
Barca now have to pick themselves up to face Real Madrid on Sunday, as they will try to extend their four-point lead over their arch rivals at the top of La Liga. Source
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Maulana Rashidi, Who Made Misogynistic Remark Against Dimple Yadav, ‘Slapped
Maulana Sajid Rashid was slapped by Samajwadi Party leaders in Noida after a debate show for his remarks on Dimple Yadav. The incident’s video is viral. Source
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Nutella maker Ferrero plans to buy century-old cereal maker WK
Italian confectioner Ferrero, maker of Nutella and Kinder, is acquiring WK Kellogg for $3.1 billion, including Kellogg’s cereal brands. The deal is set to close later this year. Source
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