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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.”",Lack of coordination and infighting have hurt innovation within the billion revenue,98,000-employee organization,which hopes to accelerate the design of products that appeal to a new generation of users more accustomed to smartphones and tablets than laptops or desktop PCs.",The wholesale price index (WPI) grew 11.16 per cent during the month of July, while the WPI for June was 12.07 per cent, the data showed. The WPI in August 2020 was at 0.41 per cent.",Sharing a photo on her Instagram feed, Catherine wrote, “Christmas Eve in India with these beautiful ladies.” Actor Jackie Shroff posted in the comment section, “Real people real vibes Merry Christmas.”",Starliner’s first flight with astronauts is a crucial last test in a much-delayed and over-budget program before NASA can certify the spacecraft for routine astronaut missions and add a second U.S. crew vehicle to its fleet, alongside SpaceX’s Crew Dragon.",I want to ask my mothers and sisters whether they have received Rs 1500 in their accounts as promised by the state government. The Congress had also promised 1 lakh jobs. Did anyone get any empoyment? Let alone giving one lakh jobs to the youth, the ‘talabaaz sarkar’ put a lock on the recruitment commission,” said Modi.",The chief minister also said that fee collection at the Perungudi toll plaza had already been stopped. The decision has benefited employees in the information technology sector who pass through the toll plaza on Rajiv Gandhi Road and eased traffic congestion caused by metro work, he added.",Twitter on Tuesday said it required users to take down over 6.5 million pieces of content in the first half of 2022, before the social media platform was taken over by billionaire Elon Musk, a 29% increase from the second half of 2021.",For the mahurat shot, producer Allu Aravind sounded the clapboard whereas producer Dil Raju switched on the camera. The direction of the first shot was done by filmmaker K Raghavendra Rao.",More from the world of Entertainment:",A special team of Tambaram police in Tamil Nadu arrested a history-sheeter after he allegedly hurled a country bomb at them and tried to attack a constable near Somangalam early on Wednesday, officers said, adding that the accused sustained injuries after a policeman fired at him in defence.",Imports in January too contracted by 3.63 per cent, the second consecutive month, to USD 50.66 billion.".