Daily Republic News
- Business
- June 11, 2026
OpenAI Considers Drastic AI Price Cuts Ahead of Public Market Debut, Says Report
OpenAI is reportedly preparing for price cuts for its artificial intelligence offerings. According to a new report by the Wall Street Journal, the ChatGPT maker is exploring ways to lower the cost of “tokens.” Tokens are the units used to bill for AI services to lure enterprise c Read More
- Business
- June 11, 2026
AMFI Data: Mutual Fund AUM Shrinks to ₹81.58 Lakh Cr; Institutional Liquidity Cycles Explained
The Indian mutual fund industry recorded a marginal contraction in its total Assets Under Management (AUM), settling at ₹81.58 lakh crore as of May 31, 2026. This shows a slight shift from the ₹81.92 lakh crore recorded in April. While a dip in headline numbers often triggers mar Read More
- Business
- June 11, 2026
CBDT Rolls Out ITR Filing Guidelines: Essential Deadlines and Reporting Norms for AY 2026-27
The Income Tax Department has officially enabled online filing and offline utilities for ITR forms, including ITR-1, ITR-2, and ITR-4. As the season progresses, the CBDT has emphasized data accuracy, urging taxpayers to verify information against the Annual Information Statement Read More
- Business
- June 11, 2026
Indian Oil Stocks Slide 3% as Strait of Hormuz Closure Triggers Global Energy Supply Panic
Shares of India’s state-run oil marketing companies (OMCs) tumbled on Thursday as global crude prices surged following Iran’s declaration that the Strait of Hormuz is closed to all maritime traffic.The escalating conflict in the Middle East has rattled investor confidence, as the Read More
- Business
- June 11, 2026
TCS Joins Anthropic Alliance to Drive Enterprise AI Scaling Amidst Shifting IT Industry Models
India’s Tata Consultancy Services has partnered with Anthropic to launch an alliance to drive enterprise AI scaling, the country’s largest software services exporter said on Thursday.The partnership comes at a time when investors are concerned that AI tools will disrupt the tradi Read More
- Business
- June 11, 2026
HDFC Bank Likely To Emerge As Key Beneficiary Of RBI’s FCNR-B Mobilisation: Jeffries
HDFC Bank could emerge as one of the key beneficiaries of the Reserve Bank of India’s latest measures aimed at attracting foreign currency inflows, with brokerage firm Jefferies noting that the lender was the largest mobiliser of funds under the FCNR-B scheme launched in 2013.The Read More
- Business
- June 11, 2026
How the U.S. Became the World’s Top Oil Exporter: Shifts in Global Energy Markets and Leverage
The United States has become the world’s largest oil exporter, upending a decades-old order long dominated by Saudi Arabia and Russia, a shift that tightens American companies’ grip on energy markets as Washington’s war with Iran reshapes global energy trade. America’s ascendancy Read More
- Business
- June 11, 2026
Gold Steadies Near Support Level as Markets Await U.S. Inflation Data Amid Oil Price Surge
Gold prices steadied after hitting a six-month low on Thursday, as investors awaited a key U.S. inflation report that could shed more light on the Federal Reserve’s policy outlook.Spot gold rose 0.1% to $4,077.39 per ounce by 0429 GMT, after hitting its lowest since November 21 a Read More
- Business
- June 11, 2026
India’s Current Account Surges To $7 Bn Surplus In Q4 – Here’s Why
In a positive development for investors keen on India, the South Asian country has recorded a surplus of $7 billion or 0.7% of GDP in Q4FY26, as compared with a deficit of $15.5 billion or 1.5% of GDP in the previous quarter, according to a Bank of Baroda report. There is an elem Read More
- Business
- June 11, 2026
Sensex Falls 0.43%, Nifty 50 Declines 0.49% After Fresh Escalations In US-Iran War
Stock Market Opening Bell: The Indian benchmark stock market indices Sensex and Nifty 50 opened in red on Thursday, June 11, after the fresh exchange of attacks between the US and Iran.While Nifty 50 declined 0.43% to 23,114.50 level, Sensex fell 0.49% to 73,621 level. This comes Read More
