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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.”",Having already survived a five-set thriller against Felix Auger Aliassime in the previous round, the Spaniard, who has only lost three times at the French Open since his first campaign in 2005, knows every inch of the immense court Philippe Chatrier and Djokovic paid for the reminder.",Shares of Indian Overseas Bank (IOB) hit a 20 per cent upper circuit in the early trade on Thursday a day after the Reserve Bank of India (RBI) removed the public sector lender from its PCA (prompt corrective action) framework.",Researchers led by Riccardo Poli,a computer science professor at the University of Essex,have for the first time used a brain-computer interface (BCI) to control a spacecraft simulator.,For the sixth consecutive year, London-based Indian origin artist Anish Kapoor has topped the Hurun India Art List of the most successful Indian artists alive, released by the Hurun Research Institute. The list ranks the top 50 living Indian artists according to the sales of their works sold at public auctions as of January 1, 2024.",As many as 149 officer trainees, including 132 IPS officer trainees of the 73rd batch of IPS regular recruits, will take part in the Passing Out Parade at the Sardar Vallabh Bhai Patel National Police Academy (SVP NPA) Friday. National Security Advisor Ajit Doval will review and address the parade as the Chief Guest.",ALSO READ | Chandu Champion director Kabir Khan on sports films not doing well in Bollywood: ‘They will be remembered after 15 years’ ",Rao appreciated MassMutual’s India head Ravi Tangirala for his effortis in “establishing a world-class organization in Hyderabad, India in a record time!”",As BJP workers took to the streets in protest Thursday, security was stepped up with Rapid Action Force (RAF) and central forces being deployed, apart from the police.",The GRP said that it had received a letter from the Brihanmumbai Municipal Corporation (BMC) last week recommending action against the advertiser on the removal of the hoarding based on the complaints in connection with the alleged drying up of trees alongside the road.",The clarification comes days after the ministry’s decision to bring international credit card spending under the RBI’s Liberalised Remittance Scheme and the consequent levy of 20 per cent TCS evoked sharp reactions from experts.",Similarly, the broader NSE Nifty surged 194 points or 1.36 per cent to 14,504.80.".