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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.”",Barbie actor Margot Robbie said she was bewildered by the love fans are showing for the movie before its worldwide release in cinemas next week.",20-year-old Swiatek takes over from Ashleigh Barty, following the Australian’s shock retirement when last month the three-time grand slam winner announced she would be leaving the sport at 25-years-old, having spent more than two years as world #1.",India’s power generation grew at the fastest pace in over three decades in the just-ended fiscal year, a Reuters analysis of government data showed, fuelling a sharp surge in emissions as output from both coal-fired and renewable plants hit records.",Kashyap, who was arrested by Bihar Police’s economic offences unit (EOU) after he surrendered at Jagdishpur police station on March 18 in relation to the case, was brought from Bihar to Tamil Nadu on transit remand by a special team of the TN police.",The first wave of Qualcomm-powered AI Copilot+ PCs will hit the market in just a couple of days, starting June 18. Now, a new report from Reuters suggests that MediaTek might soon join Qualcomm in the AI PC laptop race with its own AI chips.",Rani Mukerji usually impresses us with her fashion sense. However, we are not impressed with her latest look. She looked like a colourful candy as she wore a bright-coloured ethnic ensemble, which included a pink kurta and orange palazzos. Accessorising the look with over-sized sunglasses and chunky platform slippers, the whole outfit looked tacky! Moreover, her makeup weighed down her look.",Despite being a long-standing betting brand, still retains its appeal to players thanks to its reliability and top service quality.⚡,On Tuesday, the domestic stock markets snapped out of a five-day losing streak and staged an intra-day comeback. After plunging to a low of 56,409 at one stage, the S&P BSE Sensex rallied 1,448 points intra-day to close with a gain of 367 points (0.64 per cent) at 57,858.15 while the Nifty 50 rose 129 points (0.75 per cent) to 17,277.95 on bargain hunting.",For the mahurat shot, producer Allu Aravind sounded the clapboard whereas producer Dil Raju switched on the camera. The direction of the first shot was done by filmmaker K Raghavendra Rao.",China’s space officials said Thursday they welcomed scientists from around the world to apply to study the lunar rock samples that the Chang’e 6 probe brought back to Earth in a historic mission, but noted there were limits to that cooperation, specifically with the United States.",The comments come days after the former governor Urjit Patel suddenly resigned following a host of issues with the government, including those on autonomy and its operational integrity, and the appointment of ex-bureaucrat Shaktikanta Das as the new governor, who has been the pointsman of the Modi government during the controversial note-ban months, within a day of Patel calling it quits.".
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