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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.”",
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The portrayal of facts of legal history cannot be curtailed or restrained, Netflix submitted before the Gujarat High Court Tuesday as the OTT streaming platform, along with Yash Raj Films (YRF), opposed the temporary stay on the release of ‘Maharaj’, a movie starring actor Aamir Khan’s son Junaid Khan. Extending the interim stay by a day, the court has kept the matter for further hearing Wednesday.",
Four percent reservation given to minorities is not based on religion but on par with social justice practices. We are taking steps to eradicate poverty and improve the lives of the poor, but Chandrababu’s politics is akin to that of a chameleon,” said Reddy."
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Prime Minister Narendra Modi on Thursday expressed condolences over the demise of Desiya Murpokku Dravida Kazhagam (DMDK) founder and Tamil actor Vijayakanth, saying that he was extremely saddened by his passing.",
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Alia Bhatt’s latest outing in her merchandise ‘Ed-ma-ma’ t-shirt paired with a black blazer and high-rise blue bootcut jeans was a hit. The Gangubai Kathiadwadi actor looked effortless and chic. Alia wore small hoop earrings and clear heels with this look. She also tied her hair in a bun and opted for soft glowy makeup.",
Country’s largest lender State Bank of India (SBI) has increased benchmark lending rate or base rate by 0.1 per cent, a move that may be followed by other lenders."
Telugu superstar Mahesh Babu courted controversy earlier this week when he was asked about his plans to make his foray into Bollywood. He rejected that idea without any hesitation by stating, “Bollywood can’t afford me.” And he was well aware that he was making this statement at the risk of sounding “arrogant.”"
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In a visit to Warangal city on Monday, Chief Minister K Chandrasekhar Rao said while the Urban district will now be called Hanamkonda, the Rural district will retain the name Warangal. He instructed the Chief Secretary to issue orders for this in the next few days."
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On Thursday, Sunetra Pawar filed her nomination papers for the lone Rajya Sabha seat at Vidhan Bhavan in Mumbai. As she was the only candidate who filed the nomination papers, it has become clear she will be declared elected unopposed next week."
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