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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.”",The in-charges of health facilities have also been asked by the civic body to submit an action taken report by May 31.",The country’s largest carmaker said it will allot some other model, in place of Vitara Brezza, to be manufactured at the Toyota Kirloskar Motor (TKM) plant.",After almost two years, the designer Stéphane Rolland said he felt it was time to get back to an in-person show for his new couture collection.",“Our team is going through such a proposal. There’s a committee which is looking into it,” Sitharaman said after a press conference.",The decision to increase the FRP of sugarcane was taken in the meeting of the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi.",Kajol looked her cheerful best in one of her recent fashion outings, which was the screening of her 1997 thriller film ‘Gupt: The Hidden Truth‘.",BlackBerry Ltd said on Monday it has begun to roll out its BlackBerry Messenger (BBM) service to users of Android and iPhone devices.",The case came to light on January 17 when Vishal Sodhi, a resident of Uttam Nagar in West Delhi, filed a complaint with the Delhi Police Special Cell saying he had been duped off nearly Rs 60 lakh via a trading app. During the investigation, it was revealed that other people had also fallen prey to these fraudsters, the police said.",Chaitanya told Bollywood Bubble, “I’ve met a few fans who have tattooed my name and all that and imitated this tattoo (points to his arm). This is not something you would want.” Chay then quizzed the interviewer and asked him to guess what it was and after a few failed guesses, the actor shared that the tattoo signified his wedding date. “The day I got married. I wouldn’t want the fans to get that,” he said.",Srinath and two accomplices who received the stolen goods, Selva Kumar and Manjunath N, were arrested by the Sadashivanagar police on October 25 this year. The arrest also led to the seizure of 19 mobile phones and four tablets, the office of the deputy commissioner of police (central) said on Wednesday.",She said banks and insurance companies are “not overexposed” to any one company and assured that Indian markets are very well managed by its regulators.".
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