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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.”",A video from the marriage showed Varun Tej arriving at the wedding venue in a vintage car. He was welcomed by dhol beats. A clip also showed wedding guests dancing after the ceremony.",The Pune unit of the state anti-corruption bureau (ACB) has arrested a traffic policeman for allegedly accepting a bribe of Rs 5,000 from a sand transporter.",The case came to light on January 17 when Vishal Sodhi, a resident of Uttam Nagar in West Delhi, filed a complaint with the Delhi Police Special Cell saying he had been duped off nearly Rs 60 lakh via a trading app. During the investigation, it was revealed that other people had also fallen prey to these fraudsters, the police said.",A consortium of Titagarh Rail Systems Ltd (TRSL) and state-owned Bharat Heavy Electricals Ltd (BHEL) has inked a contract with Indian Railways for manufacturing 80 Vande Bharat sleeper trains.",Growing hopes of coordinated policy action to mitigate a broader fallout to economic activity has boosted market sentiment today, the RBI statement said.",The police registered the FIR based on a complaint given by the deceased Bijoy Karmakar’s father Sunil. The family hails from West Bengal and had come to the city looking for work.",Elon Musk’s arrival at the Allen & Co Sun Valley Conference delivered a jolt to the annual gathering of media and technology executives this week, where the headline-making typically happens beyond the prying eyes of the media.",A division bench of the High Court comprising Chief Justice Ujjal Bhuyan and Justice N Tukaramji confirmed the orders passed by the single judge and dismissed the batch of writ appeals filed by the government and others, on the ground of maintainability.",The Financial Services Institutions Bureau (FSIB), the body which selects the Chairman and MDs of public sector banks and insurance companies, has recommended the name of Challa Sreenivasulu Setty as the next Chairman of State Bank of India (SBI), India’s largest bank.",BEWARE SBI CUSTOMERS! If you are contacted by SBI Loan Finance Ltd. or any such entities then be informed that these are not associated with SBI. They are giving fake loan offers in order to scam our customers,” SBI said in a tweet on Tuesday.",The Congress government in Karnataka is committed to accepting the caste survey report commissioned during its previous tenure, Chief Minister Siddaramaiah said Tuesday, ahead of the expected submission of an updated report of the Kantharaj commission on social, economic and educational status of castes.".