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BusinessIndian stock markets opened lower on October 8, following the Reserve Bank of India's decision to raise the repo rate by 25 basis points to 5.50%, its first hike in nearly four years. The NSE Nifty opened at 22,542, down 0.27%, and the BSE Sensex at 72,462, down 0.24%. RBI shifted its policy stance to calibrated tightening, with Governor Sanjay Malhotra ruling out near-term rate cuts.
HT Business·
Acuity Analytics has expanded its data and technology capabilities in the US by acquiring Continuus. This acquisition aims to enhance Acuity Analytics' offerings and strengthen its position in the US market, leveraging Continuus' technology and data assets to provide improved services.
ANI News·
Kido, a major food company, has entered the entertainment sector as part of its strategy to seek new growth opportunities following its divestment from the ice cream business. This move marks a significant shift in the company's focus towards expanding its presence beyond food products.
Theinvestor·
The Golden State Valkyries have become the first women's sports team to surpass $100 million in annual revenue. This milestone marks a significant achievement in women's sports, highlighting growing commercial success and increased market interest in female athletic teams.
The Guardian·
The Health Department has informed people about the symptoms of H1N1 and ways to prevent it. This awareness aims to help individuals recognize early signs and take necessary precautions to avoid infection and spread of the virus.
Dainik Bhaskar·
HubSpot, one of the largest technology companies in the UK, is laying off hundreds of employees. The CEO confirmed the job cuts in an internal email, highlighting the company's decision to reduce its workforce amid challenging business conditions. This move reflects broader industry trends affecting tech firms globally.
The Times of India·
HT Business·
Indian stock markets opened lower on October 8, following the Reserve Bank of India's decision to raise the repo rate by 25 basis points to 5.50%, its first hike in nearly four years. The NSE Nifty opened at 22,542, down 0.27%, and the BSE Sensex at 72,462, down 0.24%. RBI shifted its policy stance to calibrated tightening, with Governor Sanjay Malhotra ruling out near-term rate cuts.
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