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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.”",So-called ‘star-burst galaxies’ produce stars equivalent of a thousand new suns per year.",He said the Indian Navy is continuously becoming stronger, factored by growing industrial infrastructure. “Our shipyards are expanding, aircraft carriers increasing, and our Navy is emerging as a new powerful force. We will give momentum to our efforts in the second tenure as well,” he said.",Neeraj shared that there was strong resistance from the producers’ end as they wanted to cast younger actors . “There was strong resistance that you are a debutant director, it’s your first film, you are taking two older actors, there’s no heroine, there’s no song. I mean nobody was willing to back it including UTV that ultimately ended up funding the film. They kept on pushing younger names to us,” he shared with Fever FM.",In an unprecedented move to crack down on the drug menace in Punjab, Chief Minister Bhagwant Mann announced Tuesday that at least 10,000 police personnel, from the rank of constable onward, have been transferred. He said more transfers are on the cards.",The wholesale price index (WPI) grew 11.16 per cent during the month of July, while the WPI for June was 12.07 per cent, the data showed. The WPI in August 2020 was at 0.41 per cent.",I was always worried because people who worked for me were older than me and had kids, and I always thought, ‘What if we don’t get paid? Will I be able to meet the payroll?'” he later explained.",The year 2021 was extraordinary for fundraising from the equity and debt routes, while 2022 has seen a slowdown in capital raising owing to elevated volatility provoked by unprecedented inflation globally and the Russia-Ukraine war.",As one of the oldest bookmakers in Asia, has not only maintained its reputation over the years but is also continuously sought after and appreciated by the betting community. Its prestige and quality are a solid fulcrum for every player.⚡,April 13, Ram Navami: People celebrate the birth of Lord Ram on this day. Ram Navami is one of the most important Hindu festivals of India which falls in the ‘ Shukla Paksha’ on the ninth day of the month of Chaitra corresponding to the March/April of the Gregorian calendar.",The Karnataka government has decided to increase the fees of engineering and architecture courses in private unaided educational institutions by 10 per cent for the 2024-2025 academic year.",Tom Cruise was honored for his nearly three decades of work as a producer, and Everything Everywhere All at Once solidified its status as the frontrunner for the best picture Oscar by taking the top prize at Saturday night’s Producers Guild of America Awards.".