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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.”",

X Corp had earlier argued that the cost was excessive and would deter those seeking to challenge a similar blocking order. It had also disagreed with the court’s position that the blocking orders did not require reasons in writing. The bench had directed X Corp to deposit half of the Rs 50 lakh fine with the court to prove its bonafides and the company had complied recently.",

For Onam this year, Nungambakkam’s Kappa Chakka Kandhari is giving out a ‘Onasadhya festive meal in a box’  which offers 26 traditional vegetarian delicacies prepared by cooks from Kerala. This box serves five people and is available from September 6 to September 8 for takeaway only. This box costs Rs 4,750 + tax.",

The recently-concluded 75th annual Cannes Film Festival was a stylish affair, with celebrities turning heads with their chic, often offbeat and always glamourous looks. This year, several Indian celebrities including actors, influencers, singers and social workers walked the red carpet as India was named the ‘Country of Honour’."

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He said, “Because of this unlawful, unethical and unwarranted act of then Executive Engineer, all of us had to spend lot of time and resources to challenge and rectify his misdeeds. Not only this but due to him, irreversible damage to the environment has also been caused with a steeply increased risk to the lives of hundreds of innocent citizens residing along riverbanks in Pune.”",

The index aims to track the performance of REITs and InvITs that are publicly listed and traded on the NSE, the exchange said in a statement.",

The company has already commenced bookings of the model in the country.",

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