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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.”",Investors are now looking forward to the share allotment date of Global Health IPO. The company is likely to finalise the allotment by Friday, November 11, 2022, as per the timeline provided in the red herring prospectus (RHP). In case you have applied for Medanta IPO, then here is how you can check the status of your allotment when it gets declared:",The S&P BSE Sensex rose 160.00 points (0.26 per cent) to close at 62,570.68 while the Nifty 50 inched 48.85 points (0.26 per cent) higher to settle at 18,609.35. Both the indices had opened on a flat note earlier in the day and largely traded on  a positive range.",The discoveries,made by teams led by the University of Oxford,University of Southampton,the National Oceanography Centre,and British Antarctic Survey,include new species of yeti crab,starfish,barnacles,and sea anemones,and even an octopus probably new to science.",The gloves were once one of the most popular exhibits at the Apartheid Museum in Johannesburg, one of dozens of heritage attractions and art galleries around the country forced to close their doors due to the impact of the COVID-19 pandemic.",The forest department officials contained the fire Wednesday after more than 15 hours of struggle. No animals were reported dead or injured in the incident, for which dry weather was suspected to be the reason.",Bengaluru on Saturday reported its first confirmed case of a death due to dengue since January amid a recent spike in cases, a senior official said.",The much-awaited annual Baba Siddiqui iftar party was organised last evening at Taj Lands End in Mumbai. Owing to the Covid-19 pandemic, the event was held after a gap of two years, with several well-known celebrities in attendance.",She added that the award was significant as it comes at a time when NIMHANS is commemorating 70 years of its inception as the first mental health institution in the country (All India Institute of Mental Health AIIMH) and 50 years of the formation of NIMHANS.",Imam and several others were booked under relevant provisions of the stringent Unlawful Activities (Prevention) Act (UAPA) and the Indian Penal Code (IPC) for allegedly being the “masterminds” of the riots in Northeast Delhi In February 2020. The riots had erupted amid the protests against the Citizenship Amendment Act (CAA) in the city.",Chelsea’s spending spree continued with the signing of forward Cole Palmer from Manchester City on Friday for a reported transfer fee of at least 40 million pounds (.7 million).",Haggis’s attorney, Priya Chaudhry, said that although he could not discuss the evidence under Italian law, “I am confident that all allegations will be dismissed against Mr. Haggis. He is totally innocent, and willing to fully cooperate with the authorities so the truth comes out quickly.”".