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On Wednesday, the rupee for the first time settled below the 80-level against the US currency due to strong dollar demand from importers and fiscal slippage concerns.",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 seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) was little changed from July’s reading of 56.4, posting 56.2 in August.",Domestic equities traded in negative on Tuesday, as fall in HDFC twins and Reliance Industries weighed on the key indices. S&P BSE benchmark Sensex plunged 413.24 points, or 0.66 per cent today to close at 61,932.47, while broader NSE Nifty 50 closed 125.70 points, or 0.68 per cent down at 18,273.15.",Weak Q4 results by TCS and Infosys have spooked investors over the effect of the banking crisis on the IT sector, and have dragged domestic equities down.",As part of his final campaigning in West Bengal for the last phase of the Lok Sabha elections, PM Narendra Modi will hold a mega roadshow in Kolkata on Tuesday.",Apple and Samsung have been fighting in the courts for over two years. Apple was awarded over billion last year after it convinced a jury that Samsung copied various iPhone features – like using fingers to pinch and zoom on the screen – along with design touches like the phone’s flat,black glass screen.",Rising costs for electric vehicle battery materials and projected slowdowns in US and European economies are putting pressure on automakers to cut expenses. The EV price war launched by Tesla Inc earlier this month has intensified that pressure, analysts said.",In a pre-budget representation, the All-India Bank Employees Association said, “to facilitate loan recoveries, laws should be enacted/amended to confiscate personal assets of the directors in case of default by a company.”",Unlike conventional, boxy projectors, ‘The Freestyle’ has what Samsung calls as a ‘cradle design’ to allow a perfect viewing angle from the wall to the ceiling. It supports rotation of up to 180 degrees and the device weighs just 800 grams. Samsung says it doesn’t require any separate screen, all users have to do is just tilt it and enjoy big screen moments anytime, anywhere. To further enhance the viewing experience, The Freestyle optimises projection based on your wall colour, so one does not always need a white colour wall.",Tasva, the official ceremonial dressing partner of Team India at the Paris Olympics, takes pride in dressing up the ones who bring home the glory,” they announced on Instagram, sharing pictures from the ceremonial dress and playing kit launch and send-off ceremony in the presence of Indian hockey stars Jarmanpreet Singh, Nilakanta Sharma, Krishan Bahadur Pathak, and Jugraj Singh.",The U.S. Tennis Association is warning folks: “No Bryan Brothers chest bumps.”".