Daily Republic News
- Business
- June 13, 2026
Elon Musk Becomes First Trillionaire: Musk’s Historic Wealth Milestone and the Growing Gap with India’s Elite
Elon Musk has entered the history books as the world’s first trillionaire following the successful SpaceX IPO. This staggering financial milestone, driven by the massive market valuation of his aerospace venture, shows a massive gap between the world’s richest individual and the Read More
- Business
- June 13, 2026
Delhi Electricity Bills to Rise; DERC Permits Surcharge Hike; Here Is How It Impacts Your Wallet
The Delhi Electricity Regulatory Commission (DERC) has issued an order allowing city-based power distribution companies to recover higher procurement costs. By relaxing the previous 10% cap on the Fuel and Power Purchase Adjustment Surcharge (FPPAS), the regulator has greenlit hi Read More
- Business
- June 13, 2026
SpaceX IPO: How Much Did Your ₹10 Lakh Investment Make Overnight?
SpaceX IPO has resulted in overnight profits for investors, including making its CEO Elon Musk the first trillionaire. If as a retail investor you were able to secure an allocation at the exact SpaceX IPO offer price of $135. apiece, the returns prove to be worth the investment.S Read More
- Business
- June 13, 2026
Is SpaceX IPO A True Test For Capitalism? Veteran Banker Uday Kotak Weighs In
SpaceX IPO: After SpaceX shares closed its first trading session 19% higher on Nasdaq, veteran banker Uday Kotak noted that SpaceX IPO is a true test for capitalism.In an X post, Kotak penned, “SpaceX IPO, listing, and beyond, is a true test for capitalism. The valuation does not Read More
- Business
- June 13, 2026
India’s Retail Inflation Climbs To 3.93% In May As Food, Fuel Costs Push Prices Up; Experts Warn Of 6% Peak Ahead
New Delhi: India’s retail inflation rose to 3.93 per cent in May from 3.48 per cent in April, according to data released by the National Statistics Office (NSO) on Friday with experts attributing the rise to broad-based pressures across food and non-food segments and warning of f Read More
- Business
- June 12, 2026
ED Arrests Ex-Reliance Anil Ambani Group MD Sateesh Seth in Loan Fraud-Linked Money Laundering Case
New Delhi: A special court in Mumbai on Friday granted the Enforcement Directorate (ED) a two-day transit remand of businessman Sateesh Seth, who was recently arrested in connection with a money laundering probe linked to an alleged loan fraud case. Seth, a former Group Managing Read More
- Business
- June 12, 2026
Nestle India Denies Maggi Contamination Allegations Following Regulatory FSSAI Notice
Amid allegations of insect infestation, Nestle India has rejected claims concerning its Maggi noodles product following a formal notice from the Food Safety and Standards Authority of India (FSSAI). The regulator’s intervention, which follows complaints that gained traction on so Read More
- Business
- June 12, 2026
Behind the SpaceX IPO: Musk’s Unique Investor Screening and Upended Traditional Underwriting Rules
In recent years, Elon Musk has been picky about whom he allowed to buy in to SpaceX, the rocket ship company making its highly anticipated stock market debut this week. One investor said that when SpaceX was privately held, he used a connection with a cousin of the billionaire en Read More
- Business
- June 12, 2026
India’s Consumer Price Inflation Climbs to 3.93% in May as Food Prices See Upward Pressure
Official government data released on Friday shows that India’s retail inflation quickened in May 2026. The Consumer Price Index (CPI) rose to 3.93%, an increase from the 3.48% recorded in the previous month.Food Prices The primary reason was food inflation, which climbed to 4.78% Read More
- Business
- June 12, 2026
Banking Rally 2026: Experts Reveal Whether to Buy, Hold, or Rebalance Bank Portfolios Now
The Nifty Bank index has recently consolidated near the 55,000 mark, igniting a fierce debate among retail investors. As the index displays volatility, market participants are questioning whether this rally represents a fresh buying opportunity or a signal to book profits and reb Read More
