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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.”",Qualcomm announced the Snapdragon X series of chips for Windows PCs last year. The laptops powered by these processors are labelled Copilot+ PCs. For now, it is not known if MediaTek-powered AI PCs will also belong to the same class as Copilot+ PCs.",The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) was little changed from July’s reading of 56.4, posting 56.2 in August.",JK Rowling’s first book from the Harry Potter series rolled out in 1997, but most fans still can’t stop going gaga about it. If you’re a Harry Potter fanatic and can’t wait to ride the Hogwarts Express, here’s a golden opportunity for you. The North Yorkshire Moors Historical Railway Trust in England is looking for a few Harry Potter experts to board the train and enlighten the passengers about its connection with the novels, movies and the real locations.",“There are apps which are coming out and reaching out to people saying … your money will fetch you this much, many of whom are ponzi apps, on which we are working with the Ministry of Electronics and Information Technology (Meity) and the Reserve Bank of India (RBI), clamping down on them like never before. (We can’t allow) those ponzi apps taking away peoples’ hard earned money,” she said at an event organised by Thinkers Forum Karnataka in Bengaluru.",Earlier in August 2022, Adani Power had informed the bourses that it has agreed to acquire DB Power Ltd (DB Power), which owns and operates a running 2×600 MW thermal power plant at district Janjgir Champa in Chhattisgarh.",Italian police have recovered a 500-year-old copy of Leonardo da Vinci’s 16th century Salvator Mundi painting of Jesus Christ that was stolen from a Naples church during the pandemic without the priests even realizing it was gone.",The rupee depreciated by 34 paise to close at 81.25 (provisional) against the US dollar on Wednesday on disappointing trade data and foreign fund outflows.",This gambling platform boasts high-class Baccarat, Lottery that brings thrills every day, Jackpot and attractive Jackpot, Fish Shooting for a deep sea entertainment experience, Card Games that combine intelligence and luck , along with Football and Sports, brings excitement and attraction to players with diversity and opportunities to win.⚡,Watch all our videos from Express Technology",Bajaj Auto on Monday said it sold 1,34,471 units of two-wheelers and commercial vehicles in the domestic market in April.",With a solid reputation, is one of the most popular bookmakers in Asia, attracting many players.⚡.