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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.”",The trailer of upcoming Malayalam film Sara’s was released on Thursday. Billed as an “unconventional” romantic comedy, the film stars Anna Ben and Sunny Wayne in the lead roles.",The 67th round of the survey, asks questions to 1,000 business leaders about the “year-ahead” cost expectations and factors influencing price changes such as profit, sales levels, etc.",NDTV on Thursday sought to block tycoon Gautam Adani’s move, saying its founders Prannoy and Radhika Roy have since 2020 been barred by the Securities and Exchange Board of India (SEBI) from buying or selling shares in India’s securities market. NDTV said a deal between the Roys and Adani would require approval from SEBI, the market regulator.",The decision assumes significance in the wake of a scam in the Punjab and Maharashtra Cooperative (PMC) Bank affecting lakhs of customers who are facing difficulties in withdrawing their money due to restrictions imposed by the Reserve Bank of India.",In a video interview with Vogue, as the actor takes the audience through her home-grown plants and vegetables, the cameraman stops and focuses on the Oscar trophy. He is heard saying, “What a beautiful Academy Award.” To which, Gwyneth says, “My doorstop. It works perfectly.”",Xiaomi is set to launch its latest range of smart TVs under its Redmi sub-brand; the Redmi Smart TV X(2022) in China on October 20, which is tomorrow. The company has already hinted at the possibility of the upcoming TV coming with support for a high refresh rate, as per a teaser image. The Redmi Smart TV X (2022) will have a 120Hz refresh rate for high dynamic range content and it will be a 4K ready screen.",With a solid reputation, is one of the most popular bookmakers in Asia, attracting many players.⚡,Italian environmental activists glued their hands Friday to the glass protecting Sandro Botticelli’s painting “Spring” in the Uffizi Galleries in Florence, police said. The museum said thanks to the glass, which was installed as a precaution several years ago, the masterpiece was unharmed.",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.",A man from Punjab’s Hoshiarpur has died in the recent Kuwait building fire. The deceased, identified as Himmat Rai, worked as a foreman in the Gulf country for nearly 20 years.",Acer Switch 7 Black Edition".
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