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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.”",
German luxury car maker Mercedes-Benz on Tuesday reported record sales in India at 4,697 units during the first quarter of 2023, a 17 per cent growth over the year-ago period, with its top end vehicles priced above Rs 1 crore seeing accelerated growth. Mercedes-Benz India, which had sold 4,022 units in the same quarter last year, launched its hybrid AMG GT 63 S E Performance model with price starting at Rs 3.3 crore (ex-showroom Delhi) as part of its strategy to accelerate sales of top end vehicles (TEVs)."
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The translocation move comes over a year after a male Asiatic lion made its way to the wildlife sanctuary from Gir in January 2023, which marked the return of Asiatic lions to Barda sanctuary after the big cats vanished from the forest 143 years ago. The Forest Department had established an Asiatic lion gene pool centre in the Barda Wildlife Sanctuary around a decade ago and the centre today has a few lions in captive condition.",
Barbie actor Margot Robbie said she was bewildered by the love fans are showing for the movie before its worldwide release in cinemas next week.",
After two years, Kanye West, who now goes on by the name Ye marked his returned on Twitter. The rapper tweeted about Mark Zuckerberg kicking him off Instagram. Now, a report from Buzzfeed suggests that Twitter has also locked the known rapper’s account over a recent anti-Semitic tweet.",
Physical distancing of two metres about six and a half feet may not be enough to sufficiently prevent transmission of virus-carrying airborne aerosols indoors, according to a study."
The Government on Tuesday introduced a bill in Lok Sabha which seeks to protect the interest of small depositors by bringing cooperative banks under the RBI regulations."
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With an aim to reduce air and noise pollution in Rajkot, the Rajkot Municipal Corporation (RMC) on Thursday kicked off the process of phasing out diesel buses, and replacing them with a CNG fleet."
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The Vadodara Cyber Crime unit has detained 17 people part of an interstate cybercrime racket for allegedly siphoning off more than Rs 94 lakh from a city resident by enticing him to download a fake stock market application, officials said on Thursday."
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>The actor was recently spotted out in public once again. This time, too, she opted for a traditional look comprising a stunning sari and makeup that went perfectly with it for a red carpet event."
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