Daily Republic News
- Business
- June 11, 2026
Indian Oil Stocks Slide 3% as Strait of Hormuz Closure Triggers Global Energy Supply Panic
Shares of India’s state-run oil marketing companies (OMCs) tumbled on Thursday as global crude prices surged following Iran’s declaration that the Strait of Hormuz is closed to all maritime traffic.The escalating conflict in the Middle East has rattled investor confidence, as the Read More
- Business
- June 11, 2026
TCS Joins Anthropic Alliance to Drive Enterprise AI Scaling Amidst Shifting IT Industry Models
India’s Tata Consultancy Services has partnered with Anthropic to launch an alliance to drive enterprise AI scaling, the country’s largest software services exporter said on Thursday.The partnership comes at a time when investors are concerned that AI tools will disrupt the tradi Read More
- Business
- June 11, 2026
HDFC Bank Likely To Emerge As Key Beneficiary Of RBI’s FCNR-B Mobilisation: Jeffries
HDFC Bank could emerge as one of the key beneficiaries of the Reserve Bank of India’s latest measures aimed at attracting foreign currency inflows, with brokerage firm Jefferies noting that the lender was the largest mobiliser of funds under the FCNR-B scheme launched in 2013.The Read More
- Business
- June 11, 2026
How the U.S. Became the World’s Top Oil Exporter: Shifts in Global Energy Markets and Leverage
The United States has become the world’s largest oil exporter, upending a decades-old order long dominated by Saudi Arabia and Russia, a shift that tightens American companies’ grip on energy markets as Washington’s war with Iran reshapes global energy trade. America’s ascendancy Read More
- Business
- June 11, 2026
Gold Steadies Near Support Level as Markets Await U.S. Inflation Data Amid Oil Price Surge
Gold prices steadied after hitting a six-month low on Thursday, as investors awaited a key U.S. inflation report that could shed more light on the Federal Reserve’s policy outlook.Spot gold rose 0.1% to $4,077.39 per ounce by 0429 GMT, after hitting its lowest since November 21 a Read More
- Business
- June 11, 2026
India’s Current Account Surges To $7 Bn Surplus In Q4 – Here’s Why
In a positive development for investors keen on India, the South Asian country has recorded a surplus of $7 billion or 0.7% of GDP in Q4FY26, as compared with a deficit of $15.5 billion or 1.5% of GDP in the previous quarter, according to a Bank of Baroda report. There is an elem Read More
- Business
- June 11, 2026
Sensex Falls 0.43%, Nifty 50 Declines 0.49% After Fresh Escalations In US-Iran War
Stock Market Opening Bell: The Indian benchmark stock market indices Sensex and Nifty 50 opened in red on Thursday, June 11, after the fresh exchange of attacks between the US and Iran.While Nifty 50 declined 0.43% to 23,114.50 level, Sensex fell 0.49% to 73,621 level. This comes Read More
- Business
- June 11, 2026
Stock Market Outlook: How Will Nifty 50, Sensex Trade On June 11?
Stock Market Outlook: The Indian benchmark stock market indices Sensex and Nifty 50 are expected to be dragged down on Thursday, June 11, after the fresh exchange of attacks between the US and Iran.The GIFT Nifty levels signalled a lower opening for the equity market after US Pre Read More
- Business
- June 11, 2026
What Are E22, E25, E27 And E30 Fuels That Centre Just Exempted From Excise duty
In a push to reduce the burden of rising crude oil prices, the central government has exempted ethanol blended petrol from the entire excise duty leviable on it, according to notifications issued by the Ministry of Finance’s Department of Revenue.The centre zeroed out on central Read More
- Business
- June 11, 2026
Centre Gives Big Tax-Free Push To Green Fuel, Exempts Excise Duty On Higher Ethanol-Blended Petrol
New Delhi: In a major step aimed at accelerating India’s transition towards cleaner fuels and reducing dependence on imported crude oil, the Centre has exempted higher ethanol-blended petrol from excise duty.The exemption applies to petrol blends containing 22 per cent to 30 per Read More
