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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.”",Akhilesh’s reaction came after he was asked about Adityanath’s remark at an election meeting in Unnao that those associated with a particular party would brandish handguns before 2017.",Sustained foreign fund outflows further dented investor sentiments, according to forex traders.",The raids were being conducted by the Competition Commission of India (CCI) officers across multiple cities, the sources said.",Temperatures soared in Gujarat on Friday, with Surendranagar recording a high of 44.7 degree Celsius – the highest in the state so far this summer. The temperature was 2.2 degree Celsius higher than normal.",Actor Shekhar Suman and his son Adhyayan Suman garnered a lot of praise for their performance in Sanjay Leela Bhansali’s Heeramandi. While the show in a way resurrected Adhyayan’s career, the young actor recently shared in an interview, how seeing the size of his posters reduce was disheartening. Shekhar shared his words of wisdom by pointing out Katrina Kaif’s inspiring journey in Bollywood.",The 19-year-old from Spain wrote on social media that he got hurt “through a chance, unnatural movement in training.” ",Four percent reservation given to minorities is not based on religion but on par with social justice practices. We are taking steps to eradicate poverty and improve the lives of the poor, but Chandrababu’s politics is akin to that of a chameleon,” said Reddy.",A Day after taking feedback from MLAs and MPs-elect of three constituencies after ruling Aam Aadmi Party (AAP) faced a rout in the Lok Sabha elections, Chief Minister Bhagwant Mann Friday took to course-correction, as he called a meeting of Deputy Commissioners across the state on Wednesday to review free ration scheme and also redress grievances of people in DC offices and other field offices.",The festivals are being called off with immediate effect, the tourism department said in a statement.",The IPO comprises a fresh issue of equity shares worth Rs 630 crore and an offer for sale (OFS) of 41,972,660 equity shares by promoter and existing shareholders, it added.",CPI(M) candidate from Kolkata-Dakshin, Saira Shah Halim, on Sunday said that she was barred by police from campaigning near Chief Minister Mamata Banerjee’s residence in Kalighat area of south Kolkata.".