Daily Republic News
- Business
- June 9, 2026
OpenAI Files For IPO After Anthropic As AI Giants Head To Public Markets
ChatGPT maker OpenAI confidentially filed for a U.S. initial public offering recently, the company said on Monday, joining rival Anthropic in a push toward the stock market as investors seek exposure to the artificial intelligence boom.OpenAI did not disclose the size or terms of Read More
- Business
- June 9, 2026
Oil Rises Slightly As Investors Await Clarity After Iran-Israel Halt Attacks
New Delhi: Oil prices inched up in early trade on Tuesday after Iran and Israel left the door open to a possible resumption of attacks on each other, though they had called a halt to hostilities following an appeal from U.S. President Donald Trump.Brent crude futures rose 13 ce Read More
- Business
- June 8, 2026
India Reports Current Account Surplus of $7.1 Billion in Q4 of FY26
New Delhi: India’s current account surplus narrowed in the last quarter of FY26 to $7.1 billion (0.7% of GDP) compared to $13.7 billion (1.4 per cent of GDP) in the same period last year. The narrowing of surplus in the last quarter of FY26 was driven by a higher merchandise tra Read More
- Business
- June 8, 2026
Big Change for Ujjwala Beneficiaries: Subsidised LPG Cylinder Limit Reduced to 4
New Delhi: The Central Government has cut the number of subsidised LPG cylinders supplied through the Pradhan Mantri Ujjwala Yojana (PMUY), reducing the annual quota from nine to four. The decision was made on Monday, and the government stated that the amended entitlement was de Read More
- Business
- June 8, 2026
India Exports Rs 35,000 Cr Electronics Components to China; 250 New Factories Coming Up
New Delhi: India exported electronics components worth Rs 35,000 crore to China last year and is rapidly expanding its domestic component manufacturing ecosystem, with around 250 electronics component factories expected to be set up over the next two to three years, Union Ministe Read More
- Business
- June 8, 2026
Oil Prices Rise More Than 4% After Israel-Iran Strikes Trigger Strait of Hormuz Supply Fears
New Delhi: Global crude oil prices rose more than 4 per cent after Israel and Iran exchanged strikes, threatening a fragile ceasefire even as Trump signalled that a peace deal isn’t far away.The renewed conflict raised fears of a prolonged closure of the critical Strait of Hormuz Read More
- Business
- June 8, 2026
Mukesh Ambani Owned RIL Shares Tanks 2% Amid Global Sock Market Crash
RIL Share Price: The shares of Reliance Industries Ltd (RIL) fell as much as 2% to hit an intra-day low of Rs 1,267 apiece on Monday, June 8, continuing its downtrend for the ninth consecutive day amid a global market crash, fresh escalations in the West Asia conflict, and rising Read More
- Business
- June 8, 2026
Inflation A Bigger Threat Than Growth As Weak Monsoon Hits Rural Demand: Nuvama
India’s FY27 economic narrative is tilting toward inflation rather than a broad growth slump, with rural households set to bear the brunt as food prices rise and crude stays elevated.Nuvama Institutional Equities says the monsoon has set in over Kerala with initial progress broad Read More
- Business
- June 8, 2026
Gold Extends Losses On US Interest Rate-Hike Fears
Gold prices extended losses on Monday to their lowest point in more than two months, on fears of a US rate hike following a strong jobs report, while renewed hostilities in the Middle East pushed oil prices higher and fanned inflation concerns.Spot gold was down 0.3% at $4,315.71 Read More
- Business
- June 8, 2026
RBI Rate Cut Cycle Nears: Axis Direct Foresees June Policy Pivot
Rate Cut On Cards: After the RBI Governor Sanjay Malhotra led monetary policy committee (MPC) kept the repo rate unchanged at 5.25% in June, Axis Direct projected the possibility of reverse in the rate cycle in the upcoming policy meetings.The brokerage house noted, “Apart from t Read More
