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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 MPC headed by RBI Governor Shaktikanta Das will meet for three days beginning June 4 to firm up the second bi-monthly monetary policy of the fiscal.",
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.",
The temperature in Chandigarh is expected to touch 46 degree Celsius in the next three days, while in Punjab and Haryana, it is set to reach 47 degree Celsius."
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Tamil Nadu Chief Minister M K Stalin on Thursday accused Governor R N Ravi of using the legislative Assembly for political reasons.",
After 27 years of marriage, Melinda Gates and Bill Gates called off their marriage in May 2021. Now, Melinda French has opened up about her divorce with the Microsoft co-founder in an interview with CBS Mornings.",
At the NSE, it listed at Rs 143. Shares of the company ended at Rs 157.30 apiece, climbing 32.18 per cent.",
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The Department of French and Francophone Studies of the English and Foreign Languages University (EFLU) Friday organised a webinar on ‘Two perspectives on Indo-French cultural encounters: On Telugu-French translation and interculturality in Indo-French collaborations’."
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