Moneycontrol Selects: Top stories this morning

MC Selects

Here is a list of all our top stories this morning:

RBI Monetary Policy: MPC holds rate unchanged at 6.5% 

The Reserve Bank of India on December 8 left its key interest rate unchanged for the fifth consecutive meeting, citing a potential resurgence in inflation and signalling that price stability remained its primary objective. More here.

RBI declares reversal of liquidity facilities on weekends, holidays from Dec 30 

The Reserve Bank of India (RBI) on December 8 announced reversal of liquidity facilities on weekends and holidays from December 30. More here.

RBI retains FY24 CPI inflation forecast at 5.4%, sees it at 4% in Q2 FY25

The Reserve Bank of India (RBI) sees average Consumer Price Index (CPI) inflation falling to 4 percent in the second quarter of 2024-25, even as it retained the forecast for the current financial year and held the repo rate steady at 6.5 percent. More here.

MC Selects

Japan's Q3 GDP falls faster than first estimates as consumption sags 

Japan's economy fell faster than first estimated in the third quarter, revised data showed on Friday, as the household sector faced growing headwinds, complicating the central bank's efforts to phase out its accommodative monetary policy. More here.

Exclusive: Persistent Systems in talks to acquire NSE's IT arm

Midcap IT and software services provider Persistent Systems is in discussions to acquire a controlling stake in NSEIT, the wholly owned IT services arm of the National Stock Exchange (NSE), sources aware of the talks have told Moneycontrol. More here.

Five Star Business Finance bulk deal; Rs 2.3 crore shares sold, Matrix Partners likely 

A block deal involving around 2.3 crore shares 8% equity) of Five Star Business Finance,  changed hands at a floor price of Rs 370 per share on December 8. The total value of the transaction was Rs 1,704 crore. More here.