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RBI) Monetary Policy Committee (MPC) projects CPI inflation at 5.4 percent in 2023-24 (FY24), unchanged from earlier. For Q3FY24 (September-December), the projection has been slightly lowered to 5.4 percent from 5.6 percent. The forecast for Q4FY24 (January - March) remains unchanged at 5.2 percent.

RBI Monetary Policy (MPC) Meet: The Reserve Bank of India's MPC has kept repo rates unchanged at 6.5 percent, RBI Governor Shaktikanta Das announced on December 8. “The RBI MPC has decided unanimously to keep the policy repo rate unchanged at 6.50 percent. Consequently, the standing deposit facility (SDF) rate remains at 6.25 percent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 percent," Das said.

Bank of India (RBI) refrained from surprising the market as on expected lines it kept policy rates and stance unchanged on Friday, December 8. The Monetary Policy Committee (MPC) of the RBI unanimously decided to keep the repo rate unchanged at 6.5 per cent after its December meeting. The MPC maintained the policy stance of 'withdrawal of accommodation' by the majority of 5 out of 6 members.

Canada's Immigration Minister, Marc Miller, announced a substantial increase in the financial criteria for international students applying for study permits, emphasising the government's commitment to safeguarding the integrity of the education system, CBC reported. Miller also issued a stern warning, threatening to «significantly limit visas» if provinces and educational institutions fail to take appropriate actions before the upcoming fall term. Do you meet the immigration criteria? Check here The decision also extends the temporary lift on the 20-hour work limit for international students, now extended until April 30, 2024. Miller outlined the government's concerns about potential abuse in the system, targeting both questionable employers and institutions that may not be providing a genuine educational experience, according to Canadian public broadcaster CBC. During a news conference, Miller expressed concerns about certain educational institutions operating as «puppy mills» and emphasised the need to address fraud and abuse within the system. He said, «There are, in provinces, the diploma equivalent of puppy mills that are just churning out diplomas, and this is not a legitimate student experience.» The increased financial requirement for prospective students will be raised to USD 20,635, doubling the longstanding USD 10,000 threshold.

Orchid Pharma with a buy rating, Prabhudas Lilladher has a buy rating on DMart, and a reduce rating on NOCIL. Motilal Oswal maintained a buy rating on Cholamandalam Investment & Finance Ltd. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Investec on Orchid Pharma: Buy| Target Rs 800 Investec maintained a buy rating on Orchid Pharma with a target price of Rs 800.

The Reserve Bank of India left the inflation aim unchanged at 5.4%. In the August policy, the RBI had raised its FY24 inflation forecast to 5.4% from 5.1%. The Reserve Bank of India's (RBI) Monetary Policy Committee unanimously decided to keep the repo rate- key lending rate- unchanged at 6.5% for the fifth time in a row.

MPC) unanimously opted to maintain the repo rate at 6.5 per cent for the fifth consecutive time, RBI Governor Shaktikanta Das said on Friday. The decision, following a three-day bi-monthly meeting, underscores the committee's commitment to its current policy stance. Governor Das highlighted the central bank's continued focus on the withdrawal of accommodation stance.

The Nifty future closed negative with losses of 0.03% at 21033 levels on Thursday. India VIX was down by 7.77% from 13.74 to 12.67 level.

The Reserve Bank of India (RBI) commenced its three-day Monetary Policy Committee (MPC) meeting on December 6, 2023. The committee’s verdict on the crucial policy rates is eagerly awaited and is scheduled to be disclosed on December 8, 2023.

Nvidia is in advanced talks with Malaysian power-to-property conglomerate YTL on a data centre deal, three sources familiar with the matter said. The potential tie-up would include collaborating on cloud infrastructure, and is likely to be anchored at YTL's data centre complex in the southern Malaysian state of Johor, bordering Singapore, one of the people said.

SK Ghosh, Group Chief Economic Advisor, SBI, says “if you look into the data of the US consumer spending and other data, labour markets are saying house prices are now declining in the US. Taking all these factors into account, I believe that possibly the slowdown in the global economy, specifically the US, at a rate which is larger than anticipated by the market would be the possible source of outside risk for the Indian economy.” What is your view on what is happening to the yield rates globally? 10-year yields are coming down from 5% plus to 4.2-4.3% thereabouts. What is the normalised level world should make do with? Do you think 4.2%, 4.3% is the new normal or is it headed lower? As we have said in our report recently, the outlook on the global economy so far is that the US could be spared a major recession and the growth has been very strong. But beyond these headline growth numbers, the US’ real economy numbers do not look so inspiring at this point of time. The payroll numbers have been revised downwards by eight times in nine months. There have also been some recession indicators showing that the US could be possibly on the verge of a significant slowdown. The only thing which is keeping the US economy headline growth strong is currently the excess savings of $1 trillion the US consumers have built up over the years.

RBI Monetary Policy (MPC) Meet Live Updates: Reserve Bank of India (RBI) Governor Shaktikanta Das will unveil the fifth monetary policy of the financial year 2023-24 today at 10:00 am after a two-day review, amid strong macroeconomic fundamentals and resilient domestic markets. The review by the six-member Monetary Policy Committee (MPC) led by Das will likely indicate the course RBI will adopt in the remainder of the financial year as it seeks to bring inflation under the 4 per cent target amid high food prices.

Buy or sell stocks for today: On account of retreat in the US stock market and weakness in global market sentiments, Indian stock market snapped its seven days winning streak on Thursday. Nifty 50 index ended 36 points lower at 20,901 levels, BSE Sensex lost 132 points and closed at 69,521 mark whereas Bank Nifty finished marginally higher at 46,841 levels. However, broad market indices continued to climb new peak on yet another session.

Stock market today: Following weak global sentiments after a retreat on Wall Street, Indian stock market snapped seven days winning streak on Thursday. Nifty 50 index ended 36 points lower at 20,901 levels, BSE Sensex lost 132 points and closed at 69,521 mark whereas Bank Nifty finished marginally higher at 46,841 levels. In broad market, both small-cap and mid-cap indices climbed to a new high.

Online food delivery platforms Zomato and Swiggy are exploring innovative strategies to attract value conscious, bottom-of-the-pyramid consumers amid a sluggish expansion in customer acquisition. Bengaluru-based Swiggy has launched a pilot called ‘Pockethero’ in about 15 cities in late November that will mainly target students and freshers looking for more affordable food delivery options. The platform has tied up with specific restaurants to offer higher discounts and free deliveries to onboard new customers.

A group of financial industry participants, investor advocates, academics and regulators discussed a draft recommendation Thursday that suggests the SEC amend its existing rules rather than create a new one to target potential conflicts of interest related to financial advisors’ use of artificial

More than 1,000 workers at Volkswagen’s Tennessee factory have signed cards authorizing a vote to be represented by the United Auto Workers union

The National Retail Federation has revised a report released in April that pulls back the claim that organized retail crime accounts for nearly half of overall industry shrink, which measures overall loss in inventory, including theft

The Biden administration is putting pharmaceutical companies on notice

Laurentian Bank of Canada said it missed all of its financial goals for 2023 and will take a restructuring charge to reduce costs, underscoring the huge turnaround job ahead for new chief executive Eric Provost.

Canada will require its oil and gas industry to cut emissions to 35 per cent to 38 per cent below 2019 levels in six years in what the government is calling a historic first for a major fossil-fuel producing country.