Daily Republic News
- Business
- May 28, 2026
Fed Governor Cook Warns AI Surge and Iran War Put Upward Pressure on US Inflation
Federal Reserve Governor Lisa Cook on Wednesday said she feels the U.S. central bank should hold short-term interest rates steady for now but, with tariffs, the Iran war and a surge in AI-related investment pushing prices higher, she is prepared to hike rates if needed.”I see ele Read More
- Business
- May 28, 2026
Gold Hits Two-Month Low As US-Iran Tension Stokes Inflation Fears
Gold prices fell to a two-month low on Thursday as fresh US attacks on Iran boosted the dollar and pushed oil prices higher, stoking concerns about rising inflation and clouding the interest rate outlook.Spot gold was down 1.7% at $4,380.62 per ounce, as of 0409 GMT, earlier fall Read More
- Business
- May 28, 2026
India’s Privatisation Push: Tata Advanced Systems & 2 Others In Race To Build 5th Gen Stealth Jet
The Defence Ministry has issued the Request for Proposal (RPF) for the indigenous fifth generation Advanced Medium Combat Aircraft (ACMA) project to three shortlisted private bidders including Tata Advanced Systems.This also marks the first time in India when the state-led Hindus Read More
- Business
- May 28, 2026
Oil Prices Jump 2% As US-Iran Tensions Escalate After Fresh American Strikes On Bandar Abbas Military Site Near Strait Of Hormuz
Oil prices jumped about 2% in early Thursday trading after Reuters reported fresh U.S. strikes overnight on an Iranian military site, escalating tensions even as Washington and Tehran negotiate to end their three-month conflict.Brent crude futures rose $1.90, or 2.02%, to $96.19 Read More
- Business
- May 27, 2026
US Delegation Heading to India for High-Stakes Bilateral Trade Agreement Talks
New Delhi: A United States delegation led by the Chief Negotiator will visit India from June 1 to 4, 2026, to carry forward discussions on the proposed India-US Bilateral Trade Agreement (BTA), according to the Ministry of Commerce and Industry.The Ministry, in an official statem Read More
- Business
- May 27, 2026
SC Upholds Centre’s Retrospective 28% GST Levy On Online Gaming Companies
The Supreme Court on Wednesday, May 27, upheld the levy of goods and services tax (GST) on online gaming activities, while noting that taxation on online gaming companies is constitutional validityIndia’s apex court also upheld show cause notices issued to online gaming companies Read More
- Business
- May 27, 2026
Private Lender HDFC Bank Refutes Allegations In Rs 45 Crore MSRDC Payment Report
Private lender HDFC Bank on Wednesday refuted allegations of wrongdoing on reported payments of Rs 45 crore allegedly routed via marketing department to a Maharashtra government agency.India’s largest private bank noted that its internal oversight and audit mechanisms are robust Read More
- Business
- May 27, 2026
Will ATF Prices Cool Off As Air India, IndiGo Slash Domestic Flight Operations?
The cost of jet fuel also known as aviation turbine fuel (ATF) is likely to remain unaltered even after Air India, and Indigo decided to slash domestic operations starting from June 1, industry sources told Republic Media Network.The reduction in day-to-day domestic operations co Read More
- Business
- May 27, 2026
Air India To Cut Domestic Operations By 22% Amid Rising Jet Fuel Prices
Air India is scaling back its domestic network. The carrier will cut its domestic flight operations by up to 22 percent between June and August 2026. Airline sources and official statements indicate that the decision is a direct response to severe financial headwinds stemming fro Read More
- Business
- May 27, 2026
Crude At $100, Rupee At ₹97: Inside RBI’s Looming Defensive Battle Against Global Shocks
Despite booming domestic demand, severe external pressures are forcing a pivot in the central bank’s near-term playbook. Geopolitical friction in West Asia has pushed Brent crude oil prices beyond the $100 per barrel mark. Simultaneously, emerging market currency stress has dragg Read More
