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Dhiraj Relli, MD & CEO at HDFC Securities said, “In a surprise meeting today, RBI announced a repo rate hike by 40 bps (to 4.4%) and an increase in the CRR rate by 50 bps. RBI is no longer behind the curve to react to rising inflation numbers. In terms of timing, it took everyone by surprise and the hike of 40 bps is higher than the market expectation of 25 bps in the June Meet. This apart, the increase in CRR by 50 bps will withdraw Rs 87,000cr liquidity in the system. Immediately on the announcement, all interest-rate sensitive stocks fell sharply including Banks, Auto, Real estate, etc. Coming ahead of the US Fed announcement due today, the RBI has taken the lead for the time being after being blamed for being behind the curve by some economists. Nifty could remain under pressure for some time.”",However, revenue from sale of products stood at Rs 22,959.8 crore as compared with Rs 17,187.3 crore earlier, up 33.58 per cent.",Alphabet Inc unit Google was fined 1.49 billion euros (.7 billion) on Wednesday, its third large European Union antitrust penalty in two years marking the company’s decade-long regulatory battle in Europe.",The Reserve Bank said the first pilot of the Central Bank Digital Currency — Digital Rupee (Wholesale segment) will be launched on Tuesday for transactions in government securities.",Finance Minister Nirmala Sitharaman Friday said the global community must find ways to coordinate on restructuring the debt of vulnerable low-and-middle income countries.",The BSE Sensex climbed 232.43 points to 65,229.03 in early trade. The NSE Nifty gained 71.85 points to 19,377.90.",The fight was between NIVEA and Ponds, staples on many a dressing table across the country. In 2021, Beiersdorf AG (which manufactures NIVEA creams) took Hindustan Unilever Limited to the Delhi High Court. It alleged that Ponds salespersons were engaged in unfair market practices across the city’s malls.",Connoisseurs of Pablo Picasso will soon be able to own a share in one of his paintings for less than ,000 – though that won’t actually buy them the right to see the work, which will be stored under lock and key in Switzerland.",The discoveries,made by teams led by the University of Oxford,University of Southampton,the National Oceanography Centre,and British Antarctic Survey,include new species of yeti crab,starfish,barnacles,and sea anemones,and even an octopus probably new to science.",Samsung ‘Christmas Carnival’ sale will be hosted on the Samsung Shop from December 8 to December 15. The online retail site of Samsung will offer deals across smartphones, speakers, audio accessories, wearable devices and televisions during the sale period.",Actor Jeremy Renner has been doing his best to recover from the injuries he sustained in the snow plow accident. On Monday, the Marvel star shared a video of him improving his leg strength with the help of a Technogym bike on Monday.",Vedanta group firm Hindustan Zinc Ltd (HZL) on Friday reported a 35.4 per cent fall in consolidated profit to Rs 1,729 crore for the September quarter due to lower income.".