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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 company lost the streaming rights for the highly popular Indian Premier League (IPL) cricket tournament to Reliance Industries’ JioCinema earlier this year.",PhonePe is launching a new shopping app that puts stores at the heart of interaction. Pincode is going to open up in Bengaluru.",The Department of French and Francophone Studies of the English and Foreign Languages University (EFLU) Friday organised a webinar on ‘Two perspectives on Indo-French cultural encounters: On Telugu-French translation and interculturality in Indo-French collaborations’.",Spicy, steaming, slurpy ramen might be everyone’s favorite Japanese food.",Sweden will be a tough opponent for the third place playoff on Saturday but Australia’s greater challenge will be to sustain the momentum for the sport in the long-term.",A huge cluster of floating volcanic rocks covering almost 26,000 square kilometres has been found drifting in the Pacific,the New Zealand navy said today. ",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.",Starliner’s first flight with astronauts is a crucial last test in a much-delayed and over-budget program before NASA can certify the spacecraft for routine astronaut missions and add a second U.S. crew vehicle to its fleet, alongside SpaceX’s Crew Dragon.",Meanwhile, a high-level special investigation team (SIT) formed by the state government to investigate the circumstances of the incident as well as another SIT formed by the Rajkot city police commissioner to investigate the criminal case registered after the fire incident started their respective probes.",Berlin’s Security Research Labs,known as SRL,said on Thursday that the vulnerability could potentially give criminals time to break into the Apple Inc iPhone 5S,gain complete control of data,access email accounts and then potentially take over the user’s bank accounts.",In the Asian betting world, is known as a bookmaker with great appeal to players and bettors.⚡.