Closing Bell on December 8, 2023: The BSE Sensex touched a high of 69,894, whil the Nifty hit a peak at 21,006. Infosys, HDFC Bank and ICICI Bank were the major movers on Friday.

Sensex, Nifty, stock market, BSE, NSE

Business Standard

Tata wants to construct the factory in Hosur in the southern Tamil Nadu state, according to people with knowledge of the matter.

iPhone

Bloomberg

RBI MPC: Reserve Bank's Monetary Policy Committee decides to keep the repo rate unchanged at 6.5% and also keeps the FY24 inflation forecast unchanged at 5.4%

RBI Governor Shaktikanta Das kept the repo rate unchaged on friday but raised GDP projections

RBI monetary policy: Central bank raised the UPI payment limits for hospitals and educational institutions to Rs 5 lakh from Rs 1 lakh per transaction

Shaktikanta Das

RBI monetary policy: The RBI also decided to maintain its policy stance at "withdrawal of accommodation"

RBI Governor Shaktikanta Das at the central bank’s headquarters in Mumbai to announce the monetary policy review on Friday. 	photo: pti

RBI Governor Shaktikanta Das at the central bank's headquarters in Mumbai to announce the monetary policy review on Friday. 	photo: pti

Here is the best of Business Standard's opinion pieces for today

nationalism

The management told the employees that they had to take such a tough decision as the business has not been able to grow, according to the sources.

ZestMoney

The sleep and sitting solutions firm has plans to open a total of 100 stores in the next six months, reinforcing its Pan-India presence across Tier I and Tier II markets

The Sleep Company, Sleep Company logo

The Bengaluru-based firm's products have been deployed in India's next-generation radars, missiles, electronic warfare and avionics

Dollar

LIC's share has broken out from downward sloping trend line on the weekly chart

Markets, bulls, bears, stocks, trading, technicals, market technical, technical analysis

As rescue boats retreat from the flooded streets and crocodiles return to their habitat, a pressing question remains: What about our focus on urban planning?

Chennai flood

Shares of Adani Total Gas zoomed 20 per cent to Rs 1,053.80 in intraday trade today on the back of heavy volumes

Sensex, Nifty, stock brokers

The agency approved Lyfgenia from bluebird bio, and a separate treatment called Casgevy by partners Vertex Pharmaceuticals and  Crispr  Therapeutics

Sickle cell disease, health, drug

Reuters

The concept of trading carbon credits across borders to accelerate the green transition is not new, nor are challenges to its transparency and impact

carbon emission, carbon tax, climate change, pollution

Israel started its campaign to destroy the Hamas group that rules Gaza after Hamas fighters attacked Israeli towns on October 7, killing 1,200 people

Israel

Agencies

Brad Smith, Microsoft's president, said as recently as last month he doesn't "see a future where Microsoft takes control of OpenAI"

Microsoft

Spotify's chief financial officer will step down next year, according to the music streaming service, just days after it announced its third round of layoffs for 2023.
In a statement announcing CFO Paul Vogel's departure, CEO Daniel Ek said that the two had come to the conclusion that Spotify is entering a new phase and needs a CFO with a different mix of experiences.
Spotify said this week that it would be axing 17 per cent of its global workforce, citing the need to slash costs and become profitable. About 1,500 people will lose their jobs, a spokesperson confirmed.
Shortly after the layoffs were announced Monday, Spotify's stock jumped about 8 per cent. On Tuesday, Vogel moved to sell more than USD 9.3 million worth of shares, according to securities filings.
Two other senior executives also cashed in over USD 1.6 million in shares, The Guardian reported.
The Associated Press reached out to Spotify for further comment on Friday.
Vogel will leave Spotify on March 31. Ben Kung, 

Spotify

Press Trust of India

The Department of Telecom on Friday invited applications for the post of Trai chairperson, which has been lying vacant since October 1, again.
Earlier, the DoT had issued an advertisement on June 26.
"The government of India, Department of Telecommunications proposes to fill up the post of Chairperson, Telecom Regulatory Authority of India (Trai), New Delhi which is vacant since October 1, 2023," the advertisement said.
Candidates who have applied for the position in response to the advertisement issued earlier are not required to apply afresh, according to the fresh advertisement.
The DoT in the advertisement issued on Friday fixed December 22 as the last date for submitting applications.
The position of Trai chairperson has been vacant since October 1 after the completion of the tenure of P D Vaghela. Trai member Meenakshi Gupta is handling the additional charge of chairperson of the regulatory body.

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Carbon market push at COP28 summit tries to fix scandal-tainted credits

Put premium on civilian lives, US Secretary of State Blinken tells Israel

Microsoft, OpenAI partnership draws UK antitrust regulator scrutiny

Spotify CFO becomes one of thousands departing the streaming service

Govt re-invites application for Trai Chairman post vacant since Oct 1

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Sensex ends 304 pts up, Nifty tests 21,000 as RBI leaves rates untouched

Tata Group plans new iPhone factory to hasten Apple's India expansion

RBI MPC: Repo rate kept unchanged at 6.5%, FY24 GDP estimate hiked to 7%

RBI monetary policy: 5 key announcements from the governor's speech today

RBI MPC meet highlights: Inflation is our top priority, says Guv Das

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