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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.”",Its chief executive N S Venkatesh told reporters that the Reserve Bank’s incremental cash reserve ratio (CRR) measure to suck out excess liquidity “partially impacted” the industry’s performance on the debt side as such schemes are looked at more from a treasury management perspective by banks as well.",The group also posted the contact information of Steve Ballmer,Microsoft Corp’s retiring chief executive,on its Twitter account along with the message,”You can thank Microsoft for monitoring your accounts/emails using this details. #SEA”",As per Shekhar, a survivor and caretaker of the five-storey building, the fire began due to a short circuit on the ground floor, quickly spreading throughout the building.",A new WhatsApp blog post on Tuesday has reiterated that it doesn’t share private messages or sensitive location data with Facebook, but clarified that some of the business conversation hosted with the social network might be readable and used for advertising.",The bronze Sinnataggen sculpture is considered a national treasure and is arguably the most famous work by Norwegian sculptor Gustav Vigeland, who died in 1943 and has also designed the Nobel Peace Prize medal.",New research reveals persistent health disparities between men and women despite 30 years of focus.",Electra Schrock was arrested for assault with a deadly weapon, the Los Angeles County Sheriff’s Department said in a statement Friday. She was also taken into custody for force likely to create bodily injury and burglary.",The massacre in Christchurch was live-streamed by an attacker through his Facebook profile for 17 minutes, according to a copy seen by Reuters. Facebook said it removed the stream after being alerted to it by New Zealand police.",Although the Asian betting market is constantly changing, is always an admired bookmaker thanks to its long history and constantly strengthened reputation. Service quality and reliability are what make a top choice.⚡,Malayalam superstar Mammootty on Saturday unveiled the first look poster of his upcoming film Pullikkaran Staraa. The poster doesn’t reveal the look of the actor in the film. Mammukka is said to play an instructor in a teacher training institute in the film, which is being helmed by Syam Dhar. The film is being bankrolled by Universal Cinema and will hit the screens during Onam.",The International Linear Collider (ILC),will smash subatomic particles together with such force that it could reveal evidence for new forms of matter and extra dimensions of space,The Sunday Times reported.".