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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 first Satellite of Indian Regional Navigation Satellite System (IRNSS) constellation,IRNSS-1 will be launched by PSLV-C22,said DoS Secretary and Chairman of Indian Space Research Organisation (ISRO) K Radhakrishnan. According to ISRO officials,IRNSS is an independent regional navigation satellite system,designed to provide position accuracy of better than 10 metres over India and the region extending about 1500 km around the country.",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.",So far seven out of the nine missing persons have been identified as deceased after the DNA sample collected from unidentified bodies and body parts matched with the kin of missing persons.",Karan Johar’s Dharma Productions and Fox Star Studios have acquired the rights of Malayalam movie Hridayam, starring Pranav Mohanlal in the lead role.",As a leading bookmaker in Asia, brings a high-quality betting experience to players.⚡,RRR, which is competing for the Best Original Song category in the upcoming Oscars, is set to be back in American theatres as the makers have decided to re-release the film. The SS Rajamouli directorial will be released in about 200 theatres across the country. Variance Films, the distributor of RRR in the US, announced the news on Twitter with a new trailer.",Parts of Chennai will face a power shutdown from 9 am to 2 pm, with supply expected to resume before 2 pm if the work is completed.",The entire DPI campus looked like a battlefield with protestors holding placards, raising slogans and urging the government to meet their demands.",A second image released by NASA also neatly marks the various features of Jupiter that can be seen in the pictures, including the planet’s rings and moons. “This one image sums up the science of our Jupiter system program, which studies the dynamics and chemistry of Jupiter itself, its rings, and its satellite system,” Fouchet said.",London and Frankfurt gained on the open but fell back slightly later in the morning. Shanghai advanced while Hong Kong ended flat. Tokyo and Paris declined.",Venues as part of the Restart Stages initiative include a cabaretstyle stage on Lincoln Centers Hearst Plaza areas for public school graduations dedicated space for arts activities for young people and an outdoor reading room created with The New York Public Library for the Performing Arts.".