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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.”",We are broken, disappointed of course,” Ten Hag said. “So it’s tough. But I am proud of my team.”",The Department of Telecommunications (DoT) has asked sector regulator Trai to make quality of service norms stricter in order to curb call drops and improve call quality, an official source said.",Baldwin will continue to play grandfather Harland Rust while Joel Souza will return as Rust director following his wounding in the October 2021 shooting, said Melina Spadone, an attorney for Rust Movie Productions.",Prince Harry and Meghan Markle had an incredible weekend as they attended the closing ceremony of this year’s Invictus Games in Düsseldorf, Germany. The event was a perfect opportunity for them to showcase their impeccable sense of style and grace, proving once again that they are true fashion icons.",SAARC Development Fund (SDF) plans to tap financial markets as it aims to become a full-fledged regional development bank in the near future, its CEO Sunil Motiwal said Tuesday. With an authorised capital of USD 1.5 billion and a total capital base of USD 500 million, the SDF is working to enhance its credit portfolio to USD 300 million in the next few years by financing a range of projects including renewable sources, transportation, telecom and environment in the SAARC region.",In a major boost to the country’s ‘Atmanirbhar Bharat’ initiative, Ramkrishna Forgings Limited and Titagarh Wagons consortium was on Wednesday declared the lowest bidder (L1) by the Ministry of Railways for manufacturing and supplying forged wheels to the Indian Railways.",The Hyderabad Cyber Crimes police on Tuesday night conducted a raid at the office of Telangana Pradesh Congress Committee (TPCC) strategist Sunil Kanugolu and arrested three people for allegedly posting derogatory and objectionable comments against Chief Minister K Chandrashekar Rao on social media.",Like Dubey, Sharma is also a Brahmin and by naming him as the candidate, the BJP has tried to keep the upper caste community in good humour ahead of the 2024 Lok Sabha elections.",Among Asian bookmakers, attracts players because of its reputation and diversity in betting types.⚡,Here’s a look at some of the new features that Instagram is all set to add to its platform.",One 97 Communications, popularly known as Paytm, is already under the scrutiny of India’s banking regulator and financial crime-fighting agency after the central bank ordered it to wind down its payments bank in January. The sources indicated this was another reason for the deferral.".