Daily Republic News
- Business
- June 3, 2026
IndiGo Suspends All Flights To And From Kuwait After Drone Attack On This Airport
The ultra low-cost passenger carrier IndiGo along with Kuwait Airways has suspended all operations to and from Kuwait Airport after Kuwaiti authorities close their airspace. This comes after a passenger building on Terminal 1 at Kuwait International Airport was under a drone atta Read More
- Business
- June 3, 2026
Cabinet Clears ₹10,000-Cr ATF Fund to Support Airlines and Protect 77 Lakh Jobs
India has approved a 100-billion-rupee ($1.20 billion) emergency rescue package to protect domestic airlines from soaring global oil prices and save millions of jobs, the government announced on Wednesday. The Union Cabinet cleared the one-time financial support package to give p Read More
- Business
- June 3, 2026
Auto Component Margins May Ease To 11% Amid Higher Input Costs, Steady OEM Demand: Crisil
The operating margins of India’s auto component sector are expected to decline slightly this fiscal due to rising input and freight costs linked to the West Asia conflict, according to a report by Crisil.The report noted that the sector’s operating margins are likely to moderate Read More
- Business
- June 3, 2026
India Engaged With US on Section 301 Tariff Concerns, Pushes Bilateral Trade Deal Forward
India remains engaged with the United States on the proposed tariff measures under the Section 301 proceedings and is simultaneously working towards finalising a bilateral trade framework agreement with Washington, the Ministry of Commerce and Industry said on Wednesday.According Read More
- Business
- June 3, 2026
UAE Retains Position as India’s Second-Largest Crude Supplier as Russian Discounts Shrink
The United Arab Emirates defended its position as India’s second-largest crude oil supplier in May. The import volumes show New Delhi’s shift back to Middle Eastern supply channels as the incentives for processing Russian crude continue to diminish.Fresh ship-tracking data from c Read More
- Business
- June 3, 2026
Rupee Could Fall To 98/USD By July Amid Energy Crisis: BofA Securities Exec
The rupee could weaken to a record low of 98 against the US dollar by July as the energy shock triggered by the Middle East crisis continues to pile pressure on domestic assets, especially the currency, according to a BofA Securities executive.The rupee, Asia’s worst performing c Read More
- Business
- June 3, 2026
Foreign Funds Desert India: 2026 FII Offloading Already Crushes Previous Year’s Total
Foreign Institutional Investors (FIIs) are paring down their exposure to Indian equities at an unprecedented pace. In the first five months of 2026, foreign portfolio capital flight has already eclipsed the entire outflow recorded during the previous calendar year.Data from depos Read More
- Business
- June 3, 2026
PIB Dismisses Bloomberg Report On RBI Selling $12 Billion In Gold As Fake News
The Press Information Bureau (PIB) has issued on clarification on a Bloomberg new report, claiming that RBI may have sold gold amounting to approximately $12 billion.While dubbing the claim in the Bloomberg report as “fake”, PIB noted that as per RBI “the share of gold in India’s Read More
- Business
- June 3, 2026
New Fed Chair Kevin Warsh Assumes Office, Promising Broad Reforms and Strategy Shifts
Federal Reserve Chairman Kevin Warsh pledged to follow “the best of the Fed’s traditions” in an opening note to the central bank’s more than 20,000 employees as he starts his four-year term, while also promising a broad look at what might be done differently.The memo is an early Read More
- Business
- June 3, 2026
Services Growth Hits 6-Month High in May on Strong Domestic Orders, HSBC Survey Shows
India’s dominant services sector grew at its fastest pace in six months in May on a pick-up in domestic demand, even though global orders stayed below last year’s average and business confidence slipped for a second straight month, a survey showed.HSBC’s India Services Purchasi Read More
