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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 26-year-old complainant is a Borivali (West) resident. On May 15, he received a call from an unknown number. A recorded message was played over the call.",Acclaimed filmmaker Damien Chazelle’s recent outing as a director, Babylon, has drawn a largely mixed response from the critics, with some claiming that the movie is a dazzling love letter to old Hollywood, while others stating it’s a muddled mess of lofty themes.",One of the world’s best artificial intelligence computers is only as smart as a four year old human child,a new study suggests.",Infinix, a company known for making budget and mid-range smartphones and laptops today launched the Zero Book Ultra AI PC powered by Intel’s latest Core Ultra processors. The newly launched laptop is available in three variants with the most expensive model featuring the Intel Core Ultra 9 chip.",Subscribers or pensioners opting for higher pension will get three months to give their consent for diverting additional contributions or dues under the Employees’ Pension Scheme (EPS) run by the Employees’ Provident Fund Organisation (EPFO), stated a circular on Thursday.",Tamil Nadu Governor R N Ravi’s remarks that the stature of freedom fighters has been reduced to that of caste leaders has kicked up a storm in the state. The ruling DMK government slammed Ravi for such “false remarks” and criticised the BJP for supporting the latter’s comments.",The engineering and design team behind the project developed a device that monitors social media activity in order to keep the car running.",A pair of researchers from the University of Bristol closely examined ancient bones recovered from 28 sites across the United Kingdom, and found that at some places people were buried with human bones or artefacts made from the bones of others, The Guardian reported.",A former Twitter Inc executive turned whistleblower is set to testify on Tuesday before a U.S. Senate committee about his claims of serious security lapses at the social media network.",A head constable was arrested and the station house officer (SHO) at the same police station was suspended for allegedly taking bribes, police said Wednesday.",“It is a small structure that has existed since the inception (of the university). Photos of some Hindu deities were there too. On the day of Ram Navami, one or two students went there and cleaned the place, painted it in saffron colour and installed saffron flags. They had not taken our permission. So a committee has been set up to inquire into the matter. Action will be taken as per its recommendations,” registrar Devesh Nigam said.".