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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 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.",Equity benchmarks Sensex and Nifty closed with gains on Tuesday, following a firm trend in the global markets.",Jannik Sinner wasted two match points as he was knocked out of the French Open 6-7(0) 7-6(7) 1-6 7-6(4) 7-5 in a second round thriller against German Daniel Altmaier on Thursday.",The firms aim to provide funding to startups working on applications and hardware designed to work with the glasses,they said on Wednesday.",The Mumbai-bench of National Company Law Tribunal (NCLT) has extended the deadline for completing the resolution process of Reliance Capital by three months to July 16 as lenders have agreed to hold a second round of auction to maximise their recovery.",Equity benchmarks Sensex and Nifty ended marginally lower after range-bound trade on Tuesday as investors booked profits at higher levels amid largely positive cues from global markets.",is not only a bookmaker with a rich history but also a symbol of trust and quality, always trusted by Asian players.⚡,The brand will be offering Samsung Q-series and A-series soundbars worth up to Rs 1,04,990 as assured gifts, a cashback of up to 20%, easy finance offers and EMIs starting at Rs 1,990. Additional benefits include 2-year warranty and 10-year no screen burn-in warranty for OLED TVs.",The-three day initial public offering (IPO) will open on August 4, and conclude on August 6, the Gujarat-based Exxaro Tiles announced in a virtual press conference.",Divisional Railway Manager Ravish Kumar said, “Strict instructions have been issued to the loco pilots for speed control.",As far as the launch date of the tablet is concerned, it has not yet been revealed, however, since the Galaxy Tab S4 was launched in August last year, it is likely that Samsung could stick to the same time-frame. Notably, Samsung Galaxy Note 10 will make its debut on August 7 and Galaxy Tab S6 could launch alongside the smartphone.".