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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.”",Barack Obama, who is all set to take off for his trip to Africa, revealed he will be visiting the place for the first time since he left office in 2016. Inspired by his expedition, he recommended a list of six books for summer reading, five of which have been written by African writers. The former President posted the list on his Facebook page and called the books a part of “Africa’s extraordinary literary tradition”.",Kerr was sidelined by a calf injury sustained in training on Wednesday and will also miss the co-hosts’ second Group B match against Nigeria in Brisbane next week.",The SpaceX crew capsule carrying the four-man team, led by a retired NASA astronaut who is now vice president of the Texas company behind the mission, Axiom Space, parachuted into the sea after a 16-hour descent from orbit.",Thapar was riding his two-wheeler, with a gunman provided to him riding pillion, Shiv Sena (Punjab) chief Rajiv Tandon said. He alleged that the attack comes days after Thapar’s security cover was pruned from three to one personnel.",As per the schedule announced by Punjab Chief Electoral Officer Sibin C, the notification for the bypoll will be issued on June 14 and the last date for filing nominations will be June 21. The papers will be scrutinised on June 24 while the last date for withdrawing nominations is June 26. The votes will be counted on July 13.",Neymar picked up the injury at the start of the second half after the Brazil forward scored PSG’s second goal before the interval.",As of now, there is not much known about Samsung’s next-generation wireless earbuds, though some details were leaked in a filing on the US Federal Communication Commission’s database (via Droid Life). While there will be a significant improvement in battery life, do not expect drastic changes when it comes to design.",The Punjab Vigilance Bureau on Wednesday booked 26 people, including Barjinder Singh Hamdard, the editor-in-chief of Ajit Group, and IAS officer Vinay Bublani, for the alleged manipulation and misappropriation of funds in the execution of the Rs 315-crore Jang-e-Azadi Memorial at Kartarpur in Jalandhar.",Tamil Nadu Backward Classes Welfare Minister RS Rajakannappan was on Thursday allocated portfolios held by Higher Education Minister K Ponmudy, who was sentenced to three-year imprisonment by the Madras High Court in a disproportionate assets case.",Farhan, who was booked along with gangster-turned-politician Atiq Ahmed for the murder of Raju Pal and his two security guards, got bail on November 24, 2005, from a Prayagraj court.",As his tenure ends May 31, he passes the baton at MICA to Jaya Deshmukh — the first woman director that the institute is set to have in its 33-year-long history.".