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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.”",While exact specifics are missing, it’s largely believed that the Surface Swift could go on sale in the US in October, but the international launch would happen in December or January next year. This could be the same affordable laptop that was previously leaked by Windows Central.",Addressing a press conference at the BJP headquarters here, party national spokesperson Sudhanshu Trivedi said the Congress and other opposition parties are raising “baseless” questions on the country’s election process to create “unrest” in society ahead of counting.",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.",Wednesday’s draw, conducted at UEFA headquarters in Switzerland, has the Dutch hosting the Croats, fresh from reaching the World Cup semi-finals in Qatar, in Rotterdam on June 14 with Italy and Spain clashing in Enschede the next day.",Malayalam action thriller Christopher, starring Mammootty in the lead role, is all set for its digital debut. The film, which released in theatres on February 9, will soon start streaming on Amazon Prime Video.",He said the Indian Navy is continuously becoming stronger, factored by growing industrial infrastructure. “Our shipyards are expanding, aircraft carriers increasing, and our Navy is emerging as a new powerful force. We will give momentum to our efforts in the second tenure as well,” he said.",A consortium of Bandhan Financial Holdings, GIC and ChrysCapital will acquire IDFC Asset Management Company for Rs 4,500 crore in one of the largest deals in the country’s asset management space.",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.",The fight was between NIVEA and Ponds, staples on many a dressing table across the country. In 2021, Beiersdorf AG (which manufactures NIVEA creams) took Hindustan Unilever Limited to the Delhi High Court. It alleged that Ponds salespersons were engaged in unfair market practices across the city’s malls.",Jail Superintendent Umesh Singh said that a jail warder spotted them hanging from a tree behind their barrack. “A scarf was found around their neck… The warder immediately informed other staff and the bodies were brought down,” the jail superintendent said.",The two parties have entered a memorandum of understanding (MoU) wherein the traffic police department has agreed to share the city’s traffic data with IISc to enable researchers in finding traffic management solutions.".