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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.”",Chelsea’s spending spree continued with the signing of forward Cole Palmer from Manchester City on Friday for a reported transfer fee of at least 40 million pounds (.7 million).",is committed to providing a safe and fair betting experience, with measures to protect players and ensure transparency.⚡,JioCinema, the streaming platform run by India’s Reliance Industries Ltd, has signed a partnership with NBC Universal Media in a push to increase Hollywood content on the platform for Indian viewers, the companies said on Monday.",With a prolific career spanning over four decades and featuring in more than 400 films, Mohanlal stands as one of the prominent figures in the Malayalam film industry alongside Mammootty. Dominating the realm since the mid-1980s, their fame and influence persist, undeterred even with the emergence of several fresh talents.",ICC (@ICC) June 6, 2024",“The popularity of PC gaming is at an all-time high, with hardware alone forecasted to exceed billion by the end of 2018, thanks to the introduction of VR and excitement created by esports and gaming tournaments,” said Bryan deZayas, Director, Dell Gaming.",Law and Parliamentary Affairs Minister H K Patil said that till date, registration of marriages could only take place at sub-registrar officers. Under the Registration of Hindu Marriage (Karnataka) (Amendment) Rules, 2024, marriages can now be registered online using the Kaveri 2.0 portal of the Department of Stamps and Registrations.",“The cash and prizes, it’s never been what motivated me. So, I shouldn’t be surprised that it’s still not,” Downey said at the show’s premiere, held last week at the Petersen Automotive Museum in Los Angeles.",Through the offer, FSN E-Commerce Ventures aims to raise Rs 5,352 crore. The Nykaa IPO comprises of a fresh issue of equity shares worth Rs 630 crore and an offer for sale (OFS) of 41,972,660 equity shares by promoter and existing shareholders.",The Government on Tuesday introduced a bill in Lok Sabha which seeks to protect the interest of small depositors by bringing cooperative banks under the RBI regulations.",With an aim to reduce air and noise pollution in Rajkot, the Rajkot Municipal Corporation (RMC) on Thursday kicked off the process of phasing out diesel buses, and replacing them with a CNG fleet.".