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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.”",In addition to Mumbai residents, several non-residential Indians (NRIs) too exercised their voting rights on Monday, with many specifically traveling to the financial capital for the ongoing Lok Sabha elections.",Social network firm Reddit said video platform Dubsmash, becoming the latest company to expand in a space dominated by Chinese-owned TikTok.",Known as a reputable bookmaker, stands out in the Asian betting world, attracting a large number of players.⚡,Chinese researchers want to send more than 20 of China’s largest rockets to practice turning away a sizable asteroid a technique that may eventually be crucial if a killer rock is on a collision course with Earth. The idea is more than science fiction. Sometime between late 2021 to early 2022, the United States will launch a robotic spacecraft to intercept two asteroids relatively close to Earth. When it arrives a year later, the NASA spacecraft will crash-land on the smaller of the two rocky bodies to see how much the asteroid’s trajectory changes. It will be humanity’s first try at changing the course of a celestial body.",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 Commissioner of Mangaluru City Corporation has warned commercial establishments in the city that do not display nameboards written in Kannada, stating that they would have to face action as strict as cancellation of their licences.",It has been decided today (Thursday) that the party will organise an OBC convention in Lucknow on October 31 on the issues of OBC and its demands,” Congress organisational secretary Anil Yadav said.",The final trailer of Sonic the Hedgehog 2 is out, and let’s just say that the makers are ensuring that the audience gets treated to crazier visuals and a wackier-looking Jim Carrey as Dr Robotnik.",A Spanish judge in Madrid on Thursday prohibited the four people from attempting to communicate with Vinícius. They also have a temporary restraining order banning them from a 1-kilometer (0.62-mile) area around Madrid’s stadium and training facilities and from coming within the same distance of any soccer stadium between four hours before and four hours after a Spanish league game.",In a newly released featurette, the main cast get together to reminisce about Chadwick and the making of the blockbuster’s sequel.",CHIEF MINISTER Yogi Adityanath on Tuesday said that “due to the coordinated efforts of several government departments, Uttar Pradesh will see complete eradication of encephalitis from the state soon and an “announcement to this effect will also be made by the state government shortly.” A statement issued by the government quoted him as saying that “the control of encephalitis as a successful model for the country and the world.”".