Daily Republic News
- Business
- March 19, 2026
HDFC Bank Wipes Out ₹1 Lakh Cr Market Cap in 8% Slide; Dragging Bank Nifty Below Key Support Levels
India’s financial stocks faced a brutal sell-off on Thursday morning, with the Nifty Bank index plunging over 3% within the first hour of trade. The catalyst was the shock resignation of HDFC Bank’s part-time chairman, Atanu Chakraborty, who cited a fundamental mismatch between t Read More
- Business
- March 19, 2026
HDFC Bank Chairman Atanu Chakraborty Quits Over ‘Values And Ethics’; Keki Mistry Now Interim Head
The HDFC Bank said late on Wednesday that its part-time chairman, Atanu Chakraborty, had resigned citing differences with the lender over “values and ethics”, and appointed insider Keki Mistry as interim part-time chairman.U.S.-listed shares of HDFC Bank, India’s largest private- Read More
- Business
- March 19, 2026
Major Escalation In Iran War: Stocks Slump Amid Fear Of Stagflation Risks Due To Prolonged Middle East Conflict
Stocks slid and oil prices rose sharply on Thursday after major escalation in the U.S. and Israel’s war with Iran rattled investors, while the yen wobbled near the crucial 160 per dollar level as Japan’s central bank left interest rates unchanged.As widely expected, the Bank of J Read More
- Business
- March 19, 2026
Sharp 3% Spike In Oil Prices As Gulf Energy Facilities Suffers Damage In Fresh Iran War Escalation; Crude Trades Over $112/Barrel
Oil prices rose as much as 3% on Thursday after Iran attacked several energy facilities across the Middle East following a strike on its South Pars gas field, a major escalation in Tehran’s war with the U.S. and Israel.Brent futures were up $3.69, or 3.44%, to $111.07 by 0142 GMT Read More
- Business
- March 19, 2026
‘Job Gains Low, Unemployment Rate Little Changed’: US Fed Keeps Benchmark Rate Unchanged At 3.5%-3.75%
The US Federal Reserve has decided to keep its benchmark federal funds rate unchanged at 3.5%-3.75%.According to an official press release on Wednesday, the Fed said, “Available indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained Read More
- Business
- March 18, 2026
Gold Falls 2% As Inflation Fears Bolster Hawkish Fed Bets
Gold prices fell to a one-month low on Wednesday as investors weighed the risk of a more hawkish US Federal Reserve policy stance, with high oil prices fuelling concerns about inflation.Spot gold fell 2% to $4,903.19 per ounce as of 1216 GMT, its lowest level since February 18. U Read More
- Business
- March 18, 2026
India Becomes 7th Largest Buyer Of US Oil – Is It Diversification Or Strategic Rewiring?
Amid the ongoing Middle East crisis, which has triggered spike in oil prices and disruptions, India has emerged as the seventh largest purchaser of US oil.”India now ranks as the 7th-largest buyer of US oil. This is less about scale alone, and more about a quiet, strategic rewiri Read More
- Business
- March 18, 2026
Precious Metals Under Pressure: Rising Oil Costs and Hawkish Fed Expectations Neutralize Gold’s Safe-Haven Appeal
Gold and other precious metals are facing stress test as the dual impact of $103 crude oil and a strengthening U.S. dollar offsets traditional safe-haven demand. Despite the continued closure of the Strait of Hormuz and escalating tensions in West Asia, gold prices have remained Read More
- Business
- March 18, 2026
Why India’s Oil & Gas Explorers Expect Supernormal Earnings Amid Iran War
Amid the Middle East crisis, India’s exploration and production firms in the upstream sector are expected to be supported tightening global supply of key transportation fuels such as Gasoil, Gasoline and ATF as they in turn would keep product cracks elevated and support strong GR Read More
- Business
- March 18, 2026
India Reports 40% Surge in LPG Output; 22 Stranded Indian Ships Safe Near Strait of Hormuz, Says Govt
India has significantly scaled up its domestic energy production and activated high-level diplomatic channels to insulate the country from the escalating West Asia crisis, senior officials said in a multi-ministry briefing on Wednesday.The Ministry of Petroleum confirmed that dom Read More
