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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.”",The police registered the FIR based on a complaint given by the deceased Bijoy Karmakar’s father Sunil. The family hails from West Bengal and had come to the city looking for work.",The Bombay High Court on Tuesday quashed and set aside orders of special court against three accused in the 2019 Gadchiroli security personnel attack case that refused to drop charges against them under the Maharashtra Control of Organised Crime Act (MCOCA)",College students blocked a train at the Meenambakkam railway station in Chennai on Friday to protest against the incident in Manipur where two Kuki women were paraded naked and sexually assaulted by a mob.",According to This Week In Apple Rumors,Barclays analyst Kirk Yang predicted that the next iPhone would land in August or September,along with a cheaper iPhone aimed at emerging markets.",Italian environmental activists glued their hands Friday to the glass protecting Sandro Botticelli’s painting “Spring” in the Uffizi Galleries in Florence, police said. The museum said thanks to the glass, which was installed as a precaution several years ago, the masterpiece was unharmed.",When Lt Gen Upendra Dwivedi assumes the role of Chief of Army Staff (COAS) on June 30, he will be the first officer from the Jammu and Kashmir Rifles (JAKRIF) to hold that position. This is significant for the erstwhile princely state, and now a Union Territory, of Jammu and Kashmir because the regiment has a direct lineage with the former royal house of the Dogra rulers of Jammu and Kashmir.",Kellogg’s which also owns and MorningStar Farms, the plant-based food maker, said Tuesday that the spinoff of the yet to be named cereal and plant-based foods companies should be completed by the end of next year.",By contrast, NASA’s Orion crew capsule with test dummies took five days to reach the moon last month. The lunar flyby mission ended Sunday with a thrilling Pacific splashdown. The ispace lander will aim for Atlas crater in the northeastern section of the moon’s near side, more than 50 miles (87 kilometers) across and just over 1 mile (2 kilometers) deep. With its four legs extended, the lander is more than 7 feet (2.3 meters) tall.",THE AURAIYA police on Friday arrested six persons, including a station house officer (SHO) and a sub-inspector, and claimed to have recovered around “50 kg silver” from their possession. Three days ago, a Banda-based businessman was waylaid and allegedly robbed of the silver by a group of persons while he was travelling to Auraiya with his family, police said. The suspects intercepted Soni on the pretext of checking his vehicle on June 6.",Shares of Larsen and Toubro (L&T) hit their 52-week high on Wednesday a day after the engineering company reported strong first quarter results and also announced a share buyback.",Reserve Bank of India (RBI) Governor Shaktikanta Das said Monday that the moratorium on Yes Bank will be lifted on March 18 (Wednesday) at 6 pm and that there is a robust revival plan for the lender.".