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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.”",Apple today unveiled the MacBook Air powered by the company’s in-house developed M3 chip. Compared to the M1 MacBook Air, Apple claims its latest lightweight laptops are “up to 60 per cent faster” and last up to 18 hours on a single charge.",Ibrahim Ali Khan looked dapper in a white and ivory kurta from the shelves of Abu Jani and Sandeep Khosla’s Mard. He completed the look with brown suede Chelsea boots and brown Wayfarers.",Ramesh was the elder son of veteran Telugu superstar Krishna and brother of Mahesh Babu. On Saturday evening, Ramesh was admitted to AIG Hospital in Hyderabad in an unconscious state after experiencing illness at his home.",The splendid work of artistry which has become the talk of the city took craftsmen more than two months to complete.Sreebhumi Sporting Club near Lake Town, situated on the northern fringes of Kolkata, has created quite a frenzy among people as it themed its Durga Puja Pandal on the St. Peter’s Basilica in the Vatican City this year.",According to Deadline, the split is amicable but the result of creative differences between studio Universal and the director. Lin shared the news of his departure from the movie, which is officially titled Fast X, in a statement posted on the franchise’s official Twitter handle.",At least five people are feared to have drowned in the Krishna river after their coracle overturned while trying to escape from police in Karnataka. Rescue teams have retrieved three dead bodies so far.",despite many years of development, still continues to attract players with its reputation and quality of service, proving the continued strength of the brand.⚡,District Forest Officer Praveen Kashwan said the Hollong Bungalow staff noticed flames coming out of the building around 9pm Tuesday. As the bungalow was totally made of timber, the fire spread fast. The staff tried to put out the blaze with a fire extinguisher but couldn’t, he said.",Last week, Google had announced that it is launching a redesigned Google Pay app next year on Android and iOS, starting with the US, and that users will not be able to use the service on a web browser.",After swooping past Mercury at altitudes of under 200 kilometers, the spacecraft took a low resolution black-and-white photo with one of its monitoring cameras before zipping off again.",Entities under HDFC Bank Group are HDFC Mutual Fund, HDFC Life Insurance Company, HDFC ERGO General Insurance Company and others.".