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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.”

Hundreds of visitors, locals as well as tourists, flocked the garden on the first day of the festival amid an almost full bloom of the tulip bulbs to be a part of the festival organised by Tourism and Floriculture departments.

Africa has an “extraordinary” literary tradition, former US President Barack Obama has said as he shared his summer reading list dominated by Africa’s best writers and thinkers.

Samantha Ruth Prabhu sent out “free hugs” to her fans and followers on Sunday. The Telugu star posted some vibrant clicks on Instagram, giving us a hint of her weekend mood. Samantha spent her day in the midst of nature, and it only reflected in the glow on her face that caught the attention.

Canadian director Denis Villeneuve is inviting audiences back to the desert planet Arrakis for Dune: Part Two, the second installment of the sci-fi epic starring Timothee Chalamet and Zendaya.

Ola is working with select banks, including Citigroup Inc and Kotak Mahindra Bank Ltd, to manage the public offering, two people close to the development said.

The veteran batter reached his ton in 258 deliveries in an innings peppered with 12 boundaries.

Astronomers have for the first time seen an asteroid with six comet-like tails of dust radiating from it like spokes on a wheel.