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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.”",No ATM will be replenished with cash after 9 pm in cities and 6 pm in rural areas from February next year, according to a new directive issued by the Home Ministry, reported PTI. The notification also added that the private agencies handling the operations must collect money from the banks in the first half of the day and transport them in armoured vehicles. The deadline for refilling the ATM machine in Naxal-hit areas is 4 pm.",Although the Lionesses are about 10,000 miles (16,000 kilometers) away from home, the English fans – those who traveled here for the tournament as well as those who live here – have made the atmosphere welcoming.",Aishwarya Rai walked the red carpet at the ongoing Cannes Film Festival on Thursday, and as she made her way out of the hotel, her daughter Aaradhya Bachchan, held her hand and helped her in managing her outfit. With her right arm in a cast, Aishwarya was helped by an entourage of people who were carrying the train of her dress as he went towards her car. Aaradhya held her hand and guided her down the steps.",I have seen this before,” was my first impression of the Acer Swift 14 AI Copilot+ PC. It looked like the x86-variant of the Swift 14. The two visible differences were the new logo on the trackpad and the Snapdragon X Elite sticker in place of an Intel or AMD sticker we are used to.",The trailer for Vijay Sethupathi’s 50th film Maharaja is here and fans can’t keep calm. After announcing the film last year and revealing the Tamil star’s first look from the thriller, the makers of the movie dropped the trailer for the Nithilan Saminathan directorial.",Garmin has launched the Forerunner 55 smartwatch in India. The Forerunner 55 comes in a sleek and light form factor and offers various health tracking features. The device comes with a round dial and is offered in three colours. Here is everything you should know about the Garmin Forerunner 55.",Japanese lender JICA has teamed up with Citibank to provide a USD 125 million funding line to domestic private sector lender IndusInd Bank.",In a significant move, the Jammu and Kashmir government Thursday brought the Jammu and Kashmir Bank Limited under the purview of the Right to Information (RTI) Act, Central Vigilance Commission (CVC) and State Legislature.",Days after announcing the nominees for the 94th Academy Awards, the Academy of Motion Picture Arts and Sciences on Monday said that it will introduce a new category at this year’s Oscars — the fan-favourite film. Audiences can vote for their favourite movie of the year on a special website, or by using the #OscarsFanFavorite hashtag.",The Election Commission of India announced on Monday that bypolls would be held on July 10 in 13 Assembly constituencies across the country, four of them in West Bengal.",The trailer of RRR was a huge hit. Director SS Rajamouli promises another memorable big-screen experience, with a star-studded cast, intriguing plot, and edge-of-the-seat action sequences.".