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BusinessEconomic Times ·

FD laddering strategy for Rs 10 lakh investment explained

The Economic Times reported on the concept of Fixed Deposit laddering as an investment strategy. It involves dividing a Rs 10 lakh sum into multiple FDs with staggered maturity dates. This approach aims to provide regular liquidity and potentially benefit from rising interest rates. The strategy is presented as a method to manage interest rate risk and cash flow needs for investors.

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BusinessEconomic Times ·

RBI Provides Dollar Liquidity to Oil Companies

The Reserve Bank of India has supplied US dollars to three major state-owned oil firms. The action took place earlier this week through the central bank's foreign exchange window. This move provides direct dollar liquidity to the firms, which are significant importers of crude oil. The RBI's intervention aims to reduce volatility in the local currency market and ease dollar demand pressures.

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BusinessEconomic Times ·

Donald Trump criticizes Norway for his Nobel Peace Prize omission

Former US President Donald Trump has publicly criticized Norway, stating the country bears a 'stain' for its role in his failure to receive a Nobel Peace Prize. He made these remarks while campaigning, specifically targeting the Norwegian Nobel Committee. Trump cited his role in Middle East peace agreements as justification for deserving the award. The committee, based in Oslo, has not publicly responded to his latest comments.

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BusinessEconomic Times ·

Indian national sentenced to prison in France for Nazi-themed cult torture

A French court has convicted and sentenced an Indian man to prison for his role in a torture case. The case involved a cult in France that engaged in violent rituals with Nazi overtones. The individual, whose identity was not fully disclosed in the report, was implicated in the torture of a follower. The sentencing occurred following legal proceedings in the French judicial system.

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BusinessEconomic Times ·

Analysts Skeptical of Immediate US Gas Price Relief from Trump's Russian Oil Deal

A recent deal involving former US President Donald Trump's company and Russian oil is unlikely to lower American gasoline prices in the near term, according to industry analysts. The arrangement, which involves trading Russian oil for debt repayment, faces significant logistical and market challenges. These include the high costs of transporting the oil and the complexities of refining it for the US market. Experts note that global oil prices are influenced by broader factors beyond a single transaction, limiting its immediate impact on US consumers.

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BusinessEconomic Times ·

BP considers bidding under India's hydrocarbon exploration policy

The energy company BP is evaluating potential bids under India's oil and gas exploration licensing policy. This consideration follows the Indian government's recent policy reforms aimed at attracting investment. The policy offers more favorable fiscal terms and marketing freedom for discovered fields. BP's potential participation signals continued international interest in India's energy sector.

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BusinessEconomic Times ·

Foreign automakers increasingly source parts from India for global models

India's automotive component industry is seeing a significant rise in exports to developed markets. Major global car manufacturers are now sourcing parts from Indian suppliers for their international vehicle models. This trend is driven by the high quality and engineering capabilities of Indian manufacturers. The shift marks a notable evolution in India's role within the global automotive supply chain.

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BusinessEconomic Times ·

Katie Zacharia's Background Scrutinized Following Trump Vice President Selection

Katie Zacharia's personal and professional history is receiving heightened public and media attention. This follows her recent selection by former President Donald Trump as his vice-presidential running mate. The scrutiny involves an examination of her past roles and public statements. The focus is common for individuals elevated to prominent positions in national elections.

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BusinessEconomic Times ·

GST Council Proposes 2% TDS on Scrap Metal Transactions

The Goods and Services Tax Council has proposed a new 2% tax deducted at source on scrap metal transactions. This measure was announced following the 53rd GST Council meeting chaired by Finance Minister Nirmala Sitharaman. The TDS is intended to enhance tax compliance and traceability within the scrap trading sector. The proposal will be implemented after due parliamentary process.

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BusinessEconomic Times ·

Coca-Cola raises Diet Coke can price to record Rs 70

Coca-Cola has increased the price of its 250ml Diet Coke can to a record high of Rs 70. This price change has been reported by The Economic Times, though the exact implementation date is unspecified. The beverage is now the most expensive among Coca-Cola's carbonated soft drinks in the Indian market. This move is likely a response to rising input costs affecting manufacturers nationwide.

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