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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 Enforcement Directorate on Thursday said it has attached a “benami” asset worth Rs 55 crore of DMK MP A Raja — 45 acres of land in Coimbatore district in Tamil Nadu — under the anti-money laundering law.",
Earlier, Paytm shares hit 5 per cent upper circuit during three consecutive trading sessions. The shares closed at Rs 376 a piece on Wednesday (February 21).",
The Reserve Bank of India (RBI) has unveiled the Payments Vision 2025 document which proposes a host of innovative payment systems and regulation of BigTechs, fintechs, buy-now-pay-later (BNPL) systems, and introduction of a central bank digital currency (CBDC), among others."
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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.",
Talking to ANI, Subhash Chandra Garg, Secretary, Department of Economic Affairs said that the agency has “more than adequate” notes of Rs 2,000 and that the government has made no “recent” decision on production of the currency. “Printing of notes planned as per projected requirement. We’ve more than adequate notes of Rs 2000 in the system with over 35 per cent of notes by value in circulation being of Rs 2,000. There has been no decision regarding 2,000 rupee note production recently,” he said.",
Medvedev, the defending champion at the year-end tournament for the top eight players, served 15 aces and didn’t face a single break point against the seventh-seeded Hurkacz, who beat him in five sets at Wimbledon this year.",
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According to the National Payments Corporation of India (NPCI), PPBL was the top UPI beneficiary among banks in December, with 283.5 crore transactions it received during the month. It had remitted 41 crore transactions in the period. Customers made 144.25 crore transactions on the Paytm Payment Bank App worth Rs 16,569.49 crore in December."
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The Commissioner of Mangaluru City Corporation has warned commercial establishments in the city that do not display nameboards written in Kannada, stating that they would have to face action as strict as cancellation of their licences."
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The ED will look into possibilities if Abbas’s wife Nikhat Bano was helping her husband in any way that might affect the evidence in the PMLA case against him being investigated by the agency, sources said."
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>Jannik Sinner wasted two match points as he was knocked out of the French Open 6-7(0) 7-6(7) 1-6 7-6(4) 7-5 in a second round thriller against German Daniel Altmaier on Thursday."
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