Daily Republic News
- Business
- May 29, 2026
Anthropic Hits $965 Billion Valuation, Dethrones OpenAI As World’s Most Valuable AI Firm
Anthropic said on Thursday it has raised $65 billion at a post-money valuation of $965 billion, as it aims to bolster computing capacity to meet growing demand for chatbot Claude and scale its products.The new valuation after the series H funding round puts Anthropic ahead of Ope Read More
- Business
- May 29, 2026
Rupee Opens 14 Paise Higher At 95.55 On US-Iran Peace Deal Hopes And RBI Support
The Indian rupee opened stronger against the US dollar on Friday morning. The move reflects global relief over reports that the United States and Iran are close to extending their regional ceasefire. The domestic currency opened at 95.55 per dollar. This marks a 14-paise gain fro Read More
- Business
- May 29, 2026
Global Oil Prices Witness Sharp Fall, Brent Slips to $93, WTI Below $90 As Ceasefire Hopes Trigger Oil Selloff
Singapore: World stocks stood at record highs on Friday and oil futures eyed the steepest weekly drop for nearly two months as traders waited for details on a potential deal to reopen the Strait of Hormuz and extend the U.S.-Iran ceasefire.Sources told Reuters that the U.S. and Read More
- Business
- May 28, 2026
RIL’s FY 2026-27 Outlook Remains Vulnerable: Reliance Annual Report Amid West Asia Conflict
The outlook for Reliance Industries Ltd in FY26-27 remains vulnerable to geopolitical, macro-economic and policy risk, according to RIL’s annual report.RIL Chairman Mukesh Ambani said, “We will continue to evaluate strategic pathways that can broaden stakeholder participation and Read More
- Business
- May 28, 2026
Coal India Holds Enough Stock Amid Record Power Demand: CMD Sairam
Coal India is holding sufficient coal stock despite a lower production target for the current fiscal year, even as power demand in the country has touched record levels, Coal India Chairman and Managing Director, B Sairam said on Thursday.”At the beginning of this year, we were h Read More
- Business
- May 28, 2026
India’s 4-Day Strategic Oil Buffer Risks Huge Inflation Shock Amid Escalating West Asia War: Report
Amid rising geopolitical tensions and volatile global commodity prices, consultancy firm EY has said India needs to build larger strategic reserves of crude oil, fertilizers, rare earth materials and essential medicines to protect the economy and consumers from future global shoc Read More
- Business
- May 28, 2026
Abolish LTCG Tax On Listed Equities: Veteran Investor Vijay Kedia’s Suggestion To FM Nirmala Sitharaman
In a post on X, veteran investor Vijay Kedia noted that abolishing long-term capital gain (LTCG) tax on listed equities would prove to be a powerful signal that India wants to reward patient capital and entrepreneurship.“India needs more patient capital, more entrepreneurship and Read More
- Business
- May 28, 2026
Oil Prices Jump 2% Over $96 After Iran Targets US Airbase as Strait of Hormuz War Deepens
Oil prices jumped more than 2% on Thursday after Iran’s Revolutionary Guards said they had targeted a U.S. airbase in response to an earlier U.S. attack in the port city of Bandar Abbas.Brent crude futures was up $2.38, or 2.52%, to $96.67 a barrel at 0845 GMT, while the more act Read More
- Business
- May 28, 2026
Reliance Bags S&P Upgrade, Rises Record Samurai Loan; Mukesh Ambani Draws Nil Salary For 6th Straight Year
Reliance Industries Ltd (RIL) said it secured multiple landmark overseas financing deals in FY26, including the largest Samurai loan raised by an Indian corporate, while Chairman and Managing Director Mukesh Ambani continued to forgo salary for the sixth consecutive year despite Read More
- Business
- May 28, 2026
FII Capital Flight: How Complex Taxes and West Asia War Pushed Indian FPI to Multi-Year Lows
Foreign institutional investors are pulling capital out of domestic equities at a rapid pace, driving foreign ownership down to a 15-year low. While the long-term narrative for the country remains intact, there is a disconnect between resilient domestic inflows and fleeing intern Read More
