Daily Republic News
- Business
- June 11, 2026
Wall Street Rallies, Oil Prices Drop To $87 As Trump Cancels Iran Strikes
New York: U.S. stocks are climbing, and oil prices are falling Thursday after President Donald Trump called off his threat to bomb Iran in the evening.The S&P 500 jumped 1.3%, coming off a back-to-back drop that had yanked it back to where it was in early May. The Dow Jones Indus Read More
- Business
- June 11, 2026
SpaceX $75 Billion IPO Debuts On Friday With Musk Eyeing First Trillionaire Status: Starship, Starlink And AI In Focus
Elon Musk’s rocket company SpaceX will make its debut on Wall Street Friday and both institutional and retail investors are expected to gobble up the 555.6 million shares going up for sale at $135 apiece. Musk, already the world’s richest man, could become its first trillionaire. Read More
- Business
- June 11, 2026
‘We Have Stocks’: Petroleum Ministry Reassures Fuel Availability Amid Panic Buying Fears
India has sufficient inventories of crude oil, LPG and LNG, with supplies tied up for around two months, the Ministry of Petroleum and Natural Gas said on Thursday, seeking to reassure consumers and industry over fuel availability.Addressing an inter-ministerial briefing, Sujata Read More
- Business
- June 11, 2026
Indian Companies Race to Issue Short-Term Bonds Following Market Liquidity Shifts
Indian companies are rushing to raise short-term debt after the central bank’s measures to support the rupee triggered a sharp fall in borrowing costs, four merchant bankers said.Companies, led by non-banking financial firms, are raising more than 310 billion rupees ($3.24 billio Read More
- Business
- June 11, 2026
India Inc Bullish On FY27: What Are The Key Growth Drivers?
India Inc has maintained a constructive outlook for FY27 despite ongoing geopolitical uncertainties and commodity price volatility, with sectors such as telecom, defence, metals, building materials, power, banking and consumption expected to remain key growth drivers, according t Read More
- Business
- June 11, 2026
Reliance, Vedanta, and Adani Among 10 Firms Bidding for Rare-Earth Hubs in Andhra: Sources
Indian industrial groups Reliance, Vedanta and Adani have shown interest in developing facilities to process Andhra Pradesh state’s significant reserves of increasingly important rare-earth minerals, according to two sources with knowledge of the matter.With New Delhi seeking to Read More
- Business
- June 11, 2026
Oil Falls As Traders Digest Escalation In US-Iran Strikes
Oil prices fell on Thursday, following earlier gains triggered by the recent escalation of hostilities between the U.S. and Iran, as traders assessed the actual impact on supply disruptions. Tehran declared the Strait of Hormuz closed after the U.S. launched additional strikes ag Read More
- Business
- June 11, 2026
OpenAI Considers Drastic AI Price Cuts Ahead of Public Market Debut, Says Report
OpenAI is reportedly preparing for price cuts for its artificial intelligence offerings. According to a new report by the Wall Street Journal, the ChatGPT maker is exploring ways to lower the cost of “tokens.” Tokens are the units used to bill for AI services to lure enterprise c Read More
- Business
- June 11, 2026
AMFI Data: Mutual Fund AUM Shrinks to ₹81.58 Lakh Cr; Institutional Liquidity Cycles Explained
The Indian mutual fund industry recorded a marginal contraction in its total Assets Under Management (AUM), settling at ₹81.58 lakh crore as of May 31, 2026. This shows a slight shift from the ₹81.92 lakh crore recorded in April. While a dip in headline numbers often triggers mar Read More
- Business
- June 11, 2026
CBDT Rolls Out ITR Filing Guidelines: Essential Deadlines and Reporting Norms for AY 2026-27
The Income Tax Department has officially enabled online filing and offline utilities for ITR forms, including ITR-1, ITR-2, and ITR-4. As the season progresses, the CBDT has emphasized data accuracy, urging taxpayers to verify information against the Annual Information Statement Read More
