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In guidelines issued in 2022, the RBI had indicated it was not in favour of such arrangements since they could encourage lenders to take on undue risk.",New films by Wes Anderson, Alice Rohrwacher, Hirokazu Kore-eda, Todd Haynes and Wim Wenders will compete for the Cannes Film Festival’s coveted top honor, the Palme d’Or, as will a record number of films directed by women. Cannes artistic director Thierry Frémaux and president Iris Knobloch, who took over the post last year from Pierre Lescure, announced a lineup heavy on big-name international auteurs, along with some new faces, in a press conference on Thursday in Paris.",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.”",With protests continuing at Maharaja Sayajirao University (MSU) in Vadodara after the completion of the admission process on the Gujarat Common Admission Services (GCAS) portal, eminent alumni, who have formed the Vadodara Citizens’ Forum to raise issues related to MSU, on Tuesday met Chancellor Shubanginiraje Gaekwad at Lukshmi Vilas Palace.",The recently-concluded 75th annual Cannes Film Festival was a stylish affair, with celebrities turning heads with their chic, often offbeat and always glamourous looks. This year, several Indian celebrities including actors, influencers, singers and social workers walked the red carpet as India was named the ‘Country of Honour’.",The Indian stock, commodity and money markets will remain shut on Thursday, May 13, 2021, on account of Eid-Ul-Fitr. They will resume trading on Friday, May 14, 2021.",Rising costs for electric vehicle battery materials and projected slowdowns in US and European economies are putting pressure on automakers to cut expenses. The EV price war launched by Tesla Inc earlier this month has intensified that pressure, analysts said.",Private sector lender IndusInd Bank on Tuesday said it has posted a 10 per cent growth in advances at Rs 2,21,821 crore for the second quarter ended September 30.",An alert Railway Protection Force (RPF) personnel rescued a woman from falling under a moving train in Secunderabad, Telangana. News agency ANI released CCTV footage of the incident that happened on Friday.",He said even today those who give applications to set up ARCs have to justify how they consider themselves fit and proper to be ARC sponsors to get a license. There are 25 ARCs operating in the country at present. Mishra said there is a need to deepen the market for security receipts which are issued by ARCs by developing a secondary market and also allowing more players. On the peer-to-peer (P2P) lending, he said RBI has got several applications and is in the process of giving licenses to that qualify.",Huawei Fit is an activity tracker that can also be used as a smartwatch, thanks to a watch-style design. Having a circular design and black-and-white, always-on screen, the device appears to be simple in nature. The company says the Fit will be available in two sizes and three colours – Black, Blue and Orange. Given that the device is pitched as a fitness tracker, it is bound to measure distance, steps, calories, duration of sleep. The watch-style activity tracker also features a heart rate scanner.",regularly updates games with special themes, from cultural events to holidays, giving players many interesting and diverse options.⚡.
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