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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.”",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 initial share sale will be open for public subscription during July 17-19. The bidding for anchor investors will open on July 14, according to the company.",encourages responsible betting, provides tools to help players control themselves and limit bets, creating a healthy betting environment.⚡,Elon Musk on Wednesday said he was excited about his pending acquisition of Twitter Inc, although he and other investors were overpaying for the social media company.",The New Shepard rocket was barely a minute into its flight from West Texas when bright yellow flames shot out from around the single engine at the bottom. The capsule’s emergency launch abort system immediately kicked in, lifting the craft off the top. Several minutes later, the capsule parachuted onto the remote desert floor.",Akhilesh’s reaction came after he was asked about Adityanath’s remark at an election meeting in Unnao that those associated with a particular party would brandish handguns before 2017.",a leading bookmaker in Asia, attracts players with its reputation and safety guarantee.⚡,The Redmi Watch 2 wearable has been launched, alongside the Redmi Note 11 series. Some of the key features of the new smartwatch are an AMOLED display, SpO2) tracking, heart rate monitoring and more. The company claims that users will get up to 12 hours of battery life.",In a newly released featurette, the main cast get together to reminisce about Chadwick and the making of the blockbuster’s sequel.",Amazon India Vice President and Country Manager Manish Tiwary said, “The first 48 hours of Amazon Great Indian Festival 2023 has been absolutely remarkable! We are elated to witness the biggest ever opening with record customer visits, and highest number of Prime members shopping during the 24 hours of Prime Early Access. I’m thrilled to share our customer transactions and orders were the highest ever for Amazon.in, along with highest seller participation, and most product launches from top brands.",Three companies — Clean Science and Technology, Shriram Properties and GR Infraprojects — have received markets regulator Sebi’s to raise funds through initial public offers (IPOs).".