Daily Republic News
- Business
- February 27, 2026
Jack Dorsey’s Block Slashes 4,000 Jobs to Lead ‘AI-First’ Overhaul; Stock Jumps 24% on New Efficiency Play
Shares of Block, Inc. surged more than 24% in extended trading after the fintech firm confirmed plans to eliminate over 4,000 roles, representing roughly 40% of its workforce. The restructuring was announced by CEO Jack Dorsey, who positioned the move as a strategic overhaul that Read More
- Business
- February 27, 2026
Nifty Holds Near 25,450 in Early Friday Trade; VMM Slides on Promoter Block Deal
Indian equities opened Friday’s session on a cautious note, with the NIFTY 50 trading around the 25,450 mark at 9:21 AM, while the BSE Sensex hovered near the 82,000 level.Early trade suggests continued consolidation, with the Nifty moving within a tight 100–120 point band. Marke Read More
- Business
- February 27, 2026
India’s MSCI EM Weight Falls Under 14%, Ranking Slides to Fourth
India’s position in the MSCI Emerging Markets Index has slipped to fourth place after its weightage dropped below the 14% mark, reflecting relative underperformance and valuation-driven recalibrations in the latest index reshuffle.According to the latest MSCI review, India’s weig Read More
- Business
- February 26, 2026
Paramount Set To Take Over Warner Bros. As Netflix Declines To Raise Offer
New York: Netflix is declining to raise its offer to buy Warner Bros. Discovery’s studio and streaming business, in a stunning move that effectively puts Paramount in a position to take over the fellow storied Hollywood giant.On Thursday, after Warner’s board announced that Skyda Read More
- Business
- February 26, 2026
BREAKING: Anil Ambani Summoned By ED For Second Consecutive Day Amidst Rs 40,000 Crore Bank Fraud Probe
BREAKING: Industrialist Anil Ambani will be summoned by the Enforcement Directorate (ED) again tomorrow as part of its ongoing investigation into alleged financial irregularities linked to loans exceeding ₹40,000 crore. The probe is being conducted under the Prevention of Money L Read More
- Business
- February 26, 2026
ED Chargesheet: P. Chidambaram Granted Fraudulent FIPB Approval for Kickbacks
In a massive legal escalation today, the Enforcement Directorate (ED) has detailed explosive findings in its latest chargesheet against former Finance Minister P. Chidambaram and his son, Karti Chidambaram, in the long-running Aircel-Maxis corruption probe.The central agency has Read More
- Business
- February 26, 2026
Threat To Large IT Firms ‘Overblown’, Cognizant’s AI Chief Says Amid Anthropic-Driven Disruption
Fears that new artificial intelligence tools could replace large IT services firms are “overblown” as clients still need help deploying and scaling the technology, Babak Hodjat, chief AI officer at Cognizant, told Reuters in an interview.Automated AI tools from startups such as A Read More
- Business
- February 26, 2026
Goyal Meets US Commerce Secy; Talks Advance Despite Lack of Clarity on Final Tariff Rates
Commerce and Industry Minister Piyush Goyal met US Commerce Secretary Howard Lutnick and US Ambassador to India Sergio Gor to discuss strengthening bilateral trade and expanding economic engagement, even as uncertainty lingers over the tariff regime Indian exporters may face.Desc Read More
- Business
- February 26, 2026
Rare Earth Shortages Worsen In US Aerospace, Chips Despite Trade Truce
Suppliers to U.S. aerospace and semiconductor firms face worsening rare earth shortages, with two turning away some clients, industry insiders said, weeks before U.S. President Donald Trump is expected to meet his Chinese counterpart Xi Jinping for a summit in Beijing.The shortag Read More
- Business
- February 26, 2026
Anil Ambani Probe: Linked Firms Received ₹13,558 Cr From Chinese Banks
Documents accessed by the Republic indicate that companies linked to industrialist Anil Ambani received substantial funding from three major Chinese state-owned banks, with a total outstanding exposure of ₹13,558 crore.According to the documents reviewed, the largest tranche of l Read More
