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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IPO, FPO rush: 56 companies plan to raise over Rs
Close to 17 companies have received approval from the Securities and Exchange Board of India (SEBI), for launching IPOs/FPOs, up to June 7, according to Prime Database. Source
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WPI Inflation Drops To 0
Wholesale price inflation (WPI) fell to 0.39% in May as food, manufactured products, and fuel prices eased. WPI was 0.85% in April. Source
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Rupee slips 29 paise to 87
Rupee under pressure as Trump threatens higher tariffs for buying Russian oil, impacting forex market and economy. Source
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‘Limited direct impact from US tariffs’: Fitch revises India GDP
India Business News: Fitch Ratings has revised India’s GDP growth projection for the current financial year down to 6.3%, from its earlier estimate of 6.4%, while stating . Source
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UPI changes from August 1: What users need to know
The National Payments Corporation of India (NPCI) has announced daily limits on balance checks, linked account checks, and new guidelines for AutoPay. Source
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