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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.”",Total domestic sales were up 11 per cent at 2,42,917 units last month as against 2,18,565 units in October 2021, it added.",Just after Microsoft announced its first set of Copilot+ PCs, powered by the Snapdragon X Elite/Plus processor, Intel has teased its Lunar Lake client processors said to power the AI personal computers starting from the third quarter of 2024, with over 80 designs from over 20 original equipment manufacturers.",Earlier in August 2022, Adani Power had informed the bourses that it has agreed to acquire DB Power Ltd (DB Power), which owns and operates a running 2×600 MW thermal power plant at district Janjgir Champa in Chhattisgarh.",The bench of Justices V M Velumani and R Hemalatha granted the injunction while passing interim orders on an appeal from the pharmaceutical company.",famous in the betting industry in Asia, is a favorite destination for bettors and players.⚡,Dinklage, best known for playing Tyrion Lannister in HBO show Game of Thrones, recently came down heavily on Disney for its decision to remake the movie, which he called “backward”.",He said even today those who give applications to set up ARCs have to justify how they consider themselves fit and proper to be ARC sponsors to get a license. There are 25 ARCs operating in the country at present. Mishra said there is a need to deepen the market for security receipts which are issued by ARCs by developing a secondary market and also allowing more players. On the peer-to-peer (P2P) lending, he said RBI has got several applications and is in the process of giving licenses to that qualify.",… Following resolutions were also passed… determined and approved the offer price of Rs 11 per equity share… approved the anchor investor offer price of Rs 11 per equity share,” VIL informed.",As a long-standing bookmaker, constantly proves its reliability and quality by always being in the top most searched bookmakers.⚡,Celebrated filmmaker Steven Spielberg is developing a new movie based on Frank Bullitt, the iconic character played by Steve McQueen in the 1968 thriller Bullitt. According to Deadline, Spielberg will be directing the film and will also produce along with Kristie Macosko Krieger.",Modern-day social networks like Facebook and Twitter may help you stay more connected,but a new study has found that such long-distance networks existed even before the advent of Internet.".