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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 caption was later changed to “Swipe left for your recap of Julia Fox and Kanye West style journey at the haute couture shows in Paris this week” without offering any explanation, but social media users are not impressed.",
Coal India Chairman Pramod Agrawal on Monday said there is a “strong case” for increasing coal prices, and the hike could be effected “very soon” as discussions are underway with stakeholders."
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The All India Institute of Medical Sciences (AIIMS) project at Thoppur, Madurai, has not taken off yet and only a compound wall is all that remained, Tamil Nadu Health Minister Ma Subramanian said on Saturday.",
Talking about the new Airtel Rs 419 prepaid plan, it includes free 100 SMSes per day. The plan provides free calls on national roaming, local and STD calls at 300 minutes per day and 1,000 minutes a week. The Rs 419 plan offers access to the Airtel TV app as well.",
Generational talents Marta, Christine Sinclair and Megan Rapinoe have all played in their final Women’s World Cup and are leaving the game in a much different place than when they started.",
The Election Commission of India announced on Monday that bypolls would be held on July 10 in 13 Assembly constituencies across the country, four of them in West Bengal."
Barcelona wish to thank Xavi for his work as coach, as well as for his inimitable career as a player and as team captain, and wishes him every future success in the world."
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The 28th edition of the International Film Festival of Kerala (IFFK) concluded with a vibrant ceremony at the Nishagandhi Auditorium in Kanakakunnu Palace, Thiruvananthapuram, on Friday, with actor Prakash Raj as the chief guest."
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>Unlike the Americans’ 2-1 loss to Serbia on Wednesday when seven starters made their U.S. debuts, the only debutantes against Colombia were midfielder Paxten Aaronson and defender John Tolkin."
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