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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.”",

For the first time since its inception in 2007 when India were crowned champions, the tournament will host 20 teams across four groups in the first round.",

Qualcomm has launched a new processor for smartwatches, the Snapdragon Wear 3100. The company has built the new ultra-low power system architecture processor in close association with Google. Qualcomm during the launch event announced this chipset will power new smartwatches manufactured by Fossil Group, Louis Vuitton, and Montblanc followed by others.",

The incident has no connection with the election rally as it occurred away from the poll rally, they said."

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Iga Swiatek rallied from a break down in each set to beat Simona Halep 7-6 (6), 6-4 on Friday night and reach the final of the BNP Paribas Open.",

Although he is delighted that director Payal Kapadia won the Grand Prix award at the 77th Cannes Film Festival for her drama film All We Imagine as Light, ace filmmaker Anurag Kashyap gets frustrated when her victory is labelled as “India’s.” According to the Gangs of Wasseypur director, the Indian government does not support such films and only likes to take credit for their achievements.",

Britain issued its first spaceport licence on Wednesday, paving the way for the country’s maiden satellite launch later this year as it looks to become Europe’s leading space industry player. The licence was issued to Spaceport Cornwall.",

The publication has coloured photographs and each art work is accompanied by a textual description highlighting the aesthetic and historical significance of the masterpiece. Among those featured are Gandhara sculptures; miniature paintings from the courts of erstwhile Pahari and Rajasthani kingdoms; modern and contemporary Indian works by artists like MF Husain, FN Souza, Satish Gujral; decorative art; rare manuscripts; coins dating back to Kushan and Gupta dynasties and some textiles. The text has been contributed by Vrinda Agrawal, Tagore National Research Scholar for Cultural Research at the Museum and photography of the art works has been done by Girish Nephade."