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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.”",
A consortium of Titagarh Rail Systems Ltd (TRSL) and state-owned Bharat Heavy Electricals Ltd (BHEL) has inked a contract with Indian Railways for manufacturing 80 Vande Bharat sleeper trains.",
However, revenue from sale of products stood at Rs 22,959.8 crore as compared with Rs 17,187.3 crore earlier, up 33.58 per cent.",
The Mumbai-bench of National Company Law Tribunal (NCLT) has extended the deadline for completing the resolution process of Reliance Capital by three months to July 16 as lenders have agreed to hold a second round of auction to maximise their recovery."
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DAYS AFTER it cancelled the police constable recruitment examination over allegations of paper leak, the Uttar Pradesh government has now removed Renuka Mishra, chairperson of the Uttar Pradesh Police Recruitment & Promotion Board (UPPRPB), which had organised the exam. Mishra, a 1990-batch IPS officer, had held the position since June last year.",
Power distribution companies had estimated the power demand to peak at 8,200 MW this summer, the discom officials said.",
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Three companies — Clean Science and Technology, Shriram Properties and GR Infraprojects — have received markets regulator Sebi’s to raise funds through initial public offers (IPOs)."
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Early on Sunday morning, Janak Dev Shah, 64, left home to buy milk from a shop situated right across his street in Noida’s Sector-53. Within a few seconds, a speeding unidentified white car hit him, throwing him up in the air before he crashed on the ground. He died on the spot, said police."
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Dhruv Vikram is playing a Kabaddi player in the film, which like all of Mari’s movies, is set in a rural village. The actor went through training in the native game and bulked up for the role. Like Mari’s previous ventures, Bison is also based on a real-life story."
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Vedanta group firm Hindustan Zinc Ltd (HZL) on Friday reported a 35.4 per cent fall in consolidated profit to Rs 1,729 crore for the September quarter due to lower income."
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>It could have been even worse for Mikel Arteta’s side too as Mo Salah, who scored Liverpool’s first goal and missed a second-half penalty, blazed a late chance over and was then denied by Arsenal goalkeeper Aaron Ramsdale."
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