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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.”",
Indian satellites did not suffer any major outages due to the multiple powerful earth-bound solar storms recently, the Indian Space Research Organisation (ISRO) has said.",
The splendid work of artistry which has become the talk of the city took craftsmen more than two months to complete.Sreebhumi Sporting Club near Lake Town, situated on the northern fringes of Kolkata, has created quite a frenzy among people as it themed its Durga Puja Pandal on the St. Peter’s Basilica in the Vatican City this year."
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FMCG, and bank stocks extended fall today, after RBI increased the inflation projection, and asked banks to set aside a larger part of incremental deposits under cash reserve ratio (CRR) to tighten liquidity in the near term.",
In a joint operation, the Indian Coast Guard (ICG) and the Directorate of Revenue Intelligence (DRI) with the support of Mandapam and Ramanad Customs, have seized 32.869 kg of gold worth Rs 20.21 crore in two different seizures in the coastal areas of Tamil Nadu. In both the cases, the gold was being smuggled into India from Sri Lanka.",
Explaining the plot of the movie, Fahadh Faasil said, “The character’s name is Anil. He is an electronic mechanic. So he usually works early in the morning around 3 am. So our movie begins with a baby being born in the house adjacent to his house. The baby and the mother arrive home. That’s where the movie begins. The main conflict is that Anil works in the morning and that’s when the baby starts crying too. And so his work gets disturbed. His sleep gets disturbed. His whole timetable goes for a toss. Eventually, he gets angry and just wants to get rid of the baby. That’s the point at which a landslide happens and in there, the only thing he can hear is the baby crying. That sound that he hated the most turns into his saviour.”",
He also took on the BJP over its accusations that he was now appeasing Muslims and said that the BJP had nothing to show on the workfront in the last decade. He also stated that he was unlikely to welcome back those who had sided with Eknath Shinde."
External Affairs Minister S Jaishankar on Monday exuded confidence that the country will soon have a stable and majority government, which will take bold reforms. Stating that the situation around the world is getting very complicated and there is a huge uncertainty, the minister called for strengthening the hands of Prime Minister Narendra Modi to take the right decisions for the country."
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