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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.”",This year, DU has introduced the Single Girl Child quota under its supernumerary category, where a single girl will be admitted under this quota based on merit across programmes.",The Financial Services Institutions Bureau (FSIB), the body which selects the Chairman and MDs of public sector banks and insurance companies, has recommended the name of Challa Sreenivasulu Setty as the next Chairman of State Bank of India (SBI), India’s largest bank.",Mbappe, Neymar and Marco Verratti were all left out by new PSG coach Luis Enrique at Parc des Princes.",French Open top seed Simona Halep put in a disciplined performance to tame big-hitting compatriot Irina-Camelia Begu 6-3 6-4 in the second round on Wednesday, extending her winning run to 16 matches.",occupies an important position in the Vietnamese online betting market. Although there are some negative rumors, we believe that this article will help readers distinguish between truth and falsehood.⚡,Disney says that the aerial ballet of these light show drones will be accompanied by specially orchestrated seasonal classic scores. The 300 drones at the airshow will work like a cluster and can be controlled by a single computer.",Barcelona had been scoring at ease, getting plenty of goals from its forwards to keep thriving in the Spanish league and the Copa del Rey.",“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.",As a leading betting address in Asia, serves a large number of players with many attractive types of betting.⚡,United Spirits Ltd (USL), a part of global liquor giant Diageo, on Thursday appointed Hina Nagarajan as the company’s new CEO with effect from July 1, 2021.",It will provide a generic framework for insolvency and liquidation proceedings of systemically important Financial Service Providers (FSPs) other than banks, an official statement said.".