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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.”",Prime Minister Narendra Modi has admitted that there is neither proof nor a money trail in the alleged excise scam, Delhi Chief Minister Arvind Kejriwal said Friday, hours before the Capital votes in the Lok Sabha polls.",The financial performance of Indian steel companies in the second quarter of the current fiscal has been adversely impacted by falling steel prices on one hand, and high raw material prices, especially coking coal, on the other.",Last month, Wipro Chairman Rishad Premji revealed that some 300 employees were fired as the IT services company had no place for any employee who chose to work directly with rivals while being on Wipro payrolls.",Justice Rohit Ranjan Agarwal issued the order after hearing the arguments of lawyers representing the Anjuman Intezamia Masajid Committee, which manages the Gyanvapi mosque in Varanasi.",Robert Downey Jr said that Jeremy Renner described him as “absurdly annoyingly amazing” and Scarlett Johansson “got the heart of it and said sensitive leading lady.” He added, “(Mark) Ruffalo came in strong with friend from work” and as the crowd roared with applause, Robert added, “Oh, that’s a callback. Now, I get it.” But he saved the best for the last when he shared Chris Evans’ comments, “Captain America calls him second best Chris.”",The statement comes after the capital markets regulator Sebi on Monday barred IIFL Securities from onboarding new clients for two years for alleged mis-utilisation of client funds.",The Central Bureau of Investigation (CBI) on Tuesday stated that as part of its ongoing crackdown on corruption at Passport Seva Kendra (PSK) in Mumbai, the agency raided one more passport agent’s premises in Mumbai and seized cash worth Rs 1.59 crore.",India, backed by China, is trying to build a consensus within the G20 group to let countries choose a roadmap to cut carbon emissions instead of setting a deadline to end the use of fossil fuels, three Indian government officials said.",Disagreeing with the suggestion of Delhi Chief Secretary Naresh Kumar on the continued operation of dairies at Ghazipur and Bhalaswa located near the landfill sites, the Delhi High Court asked the top official to “seriously consider” relocating the two dairies to an alternative site in Ghogha.",Shares of the company at the NSE climbed 5.13 per cent to Rs 725.",Sebi Chairperson Madhabi Puri Buch on Friday said the capital markets regulator has found that three merchant bankers are frequently indulging in inflating subscriptions during share sales, and promised action against them.".