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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.”",“There seems to be relentless demand from offshore market and also from carry traders looking to unwind their shorts in dollar-rupee. In the morning expiry related buying pushed the pair higher,” said Anindya Banerjee, Vice President, Kotak Securities Ltd. Oil prices are gaining traction again due to the supply crunch as OPEC members. Libya and Ecuador are suspending oil output amid political unrest. Besides, all eyes are on the G7 meeting for further cues as the member nations are contemplating a new set of sanctions, including a proposal to place a price cap on imports of Russian oil. High demand from the US and relaxation of restrictions in China could further fuel oil prices on the higher incline and act as a major headwind for the domestic currency, said Sugandha Sachdeva, Vice President, Religare Broking Ltd.",Kumar, a resident of Kanchipuram, was selected out of a shortlist of 10 lens-based practitioners from India, Pakistan, Bangladesh and Myanmar.",The senior Parliamentarian who lashed out at the BJP-led government at the Centre over the Sethusamudram Ship Canal Project, cursed the BJP for “abruptly halting the project” akin to pulling the chain to stop the train midway.",The chief veterinary officer (retired) of GHMC, Dr P Venkateshwar Reddy, said in the past few days social media was flooded with posts claiming that coronavirus was spreading through broiler chicken.",Sebi Chairperson Madhabi Puri Buch on Friday said the capital markets regulator has found that three merchant bankers are frequently indulging in inflating subscriptions during share sales, and promised action against them.",When Lily Gladstone took the stage Sunday night to accept her first Golden Globe, she spoke to the live TV audience in the Blackfeet language. “This is a historic win,” she said, becoming the Globes’ first Indigenous winner of best actress in a drama.",Adityanath directed district magistrates to ensure that District Industry Centers inform local entrepreneurs about the newly introduced sectoral policies of the government. Asking officials to make efforts to improve Uttar Pradesh’s startup ecosystem, it was suggested that technical institutions like engineering colleges can serve as incubators.",The Board of Control for Cricket in India (BCCI) secretary Jay Shah announced that the Indian board will be inviting applications for its men’s team head coach soon.",While the Daren Sammy National Cricket Stadium in Gros Islet has invariably hosted high-scoring games this tournament, the onus will be more on the bowling attacks of both teams to bring their A-game to make a difference.",The invention is made from materials found in developing countries and costs only slightly more than a normal high end ball to produce.",In Q1 of 2023-24, the discrepancy of 2.8 per cent has a plus sign. This indicates that the expenditure side has explained only 97.2 per cent of the income side. It does not mean that the 2.8 per cent that has yet to be explained does not exist,” Nageswaran said in an op-ed article.".