Daily Republic News
- Business
- June 3, 2026
SpaceX Plans To Set IPO Price At $135 Per Share, Targeting Record $75 Billion Raise
In a surprise move ahead of its investor roadshow, Elon Musk’s SpaceX plans to fix its IPO price at $135 per share to raise a record-setting $75 billion, according to a source familiar with the matter.The rocket and satellite communications company plans to sell 555.6 million sh Read More
- Business
- June 3, 2026
US USTR Report Slams India’s Forced Labour Import Policies Amid Ongoing Trade Talks
The United States Trade Representative (USTR) has concluded a fresh Section 301 investigation covering 60 countries, including India. It said that India has failed to impose and effectively enforce a prohibition on the importation of goods produced with forced labour, a finding t Read More
- Business
- June 3, 2026
Behind the 1,500-Point IT Stock Bloodbath: Why TCS and LTIMindtree Are Plummeting Today
Indian IT shares suffered a major rout on Wednesday, with the benchmark sector index shedding nearly 5% in morning trade. The sudden sell-off wiped out billions in market value across frontline software exporters.The Nifty IT index crashed by 1,514.90 points, or 4.87%, to trade a Read More
- Business
- June 3, 2026
Gold Prices Slip Below $4,500 Amid Rising Mideast Tensions and Inflation Fears
Gold slipped on Wednesday, as renewed hostilities in the Middle East pushed oil prices higher and stalled U.S.-Iran talks, while investors awaited upcoming U.S. economic data.Spot gold fell 0.3% to $4,471.38 per ounce by 0511 GMT, after rising more than 1% in the previous session Read More
- Business
- June 3, 2026
IndusInd Bank Shares Slip 3% On Report Of Whistleblower Complaint
The shares of IndusInd Bank slid on Wednesday after an Indian business daily reported that a whistleblower complaint has sought a probe into alleged insider trading, governance failures, and shortcomings in forex and audit reviews at the private Indian lender.The shares fell as m Read More
- Business
- June 3, 2026
RBI MPC Today: What’s Expected Amid Rupee Fall, West Asia Crisis & Fuel Price Hike?
RBI MPC Meet: Ahead of the crucial RBI MPC meeting, which is slated to begin on Wednesday, amid rising inflation fears, economists, and analysts are largely expecting India’s top bank to keep interest rates unchanged this week.The six-member Monetary policy Committee (MPC) led by Read More
- Business
- June 3, 2026
Stock Market Opening Bell: Sensex Declines 0.19%, Nifty 50 Plummets 0.29% – Here’s Why
Stock Market Opening Bell: India’s benchmark stock market equity bourses Sensex and Nifty 50 witnessed a gap down opening on Wednesday June 3, tracking global market cues, including developments linked to the West Asia conflict.While Sensex fell 0.19% to 74,507.70 level, Nifty 50 Read More
- Business
- June 3, 2026
Uday Kotak’s ‘Wake Up Call’ Message To India Inc As Google Raises $80 Billion
The Founder and Director of Kotak Mahindra Bank, Uday Kotak, in a pointed message to India Inc stated that Google’s $80 billion additional fundraise should be considered a wake up call for India Inc.Comparing listed Indian companies and Google, the veteran banker noted that the S Read More
- Business
- June 3, 2026
From Vedanta To Adani Ports: Top Stocks In Focus On June 3
Stock In Focus: India’s benchmark stock market equity bourses, the Sensex and Nifty 50, ended a four-session losing streak on Tuesday, June 2, buoyed by gains in top IT stocks and value buying by investors.After falling nearly 3% over the previous four trading sessions amid escal Read More
- Business
- June 3, 2026
Fresh Middle East Tensions Shake Markets: Oil Prices Jump One-Week High As Iran-US War Escalates Amid Stalled Peace Talks
Oil prices climbed more than 1% in early trade on Wednesday as hostilities in the Middle East erupted anew with Iran firing missiles at Kuwait and Bahrain, while diplomatic talks between Iran and the United States showed little progress.Brent futures rose $1.05, or 1.09%, at $9 Read More
