Daily Republic News
- Business
- May 11, 2026
Sensex Tumbles 1,100 Points, Nifty Slides to 23,870: Geopolitical Tensions, Crude Spike Rattle Dalal Street
Domestic sentiment soured as the BSE Sensex opened at 77,328.19 before diving to a low of 76,235.29 by 10:30 IST. The Nifty 50 followed suit, breaching the psychological support of 24,000 to hit an intraday low of 23,845.30. Analysts point to the 2.1% jump in Brent crude prices, Read More
- Business
- May 11, 2026
Oil Jumps $3/Barrel As Trump-Iran Peace Talks Collapses, Strait of Hormuz Crisis Deepens
Oil prices jumped $3 a barrel on Monday as the United States and Iran failed to agree to a peace proposal drafted by Washington while the Strait of Hormuz remained largely closed, keeping global energy supplies tight.Brent crude futures climbed $3.18 or 3.14% to $104.47 a barrel Read More
- Business
- May 9, 2026
PM Modi to Inaugurate Operational KMTP Tomorrow, Nearly Eight Years After 2017 Launch
New Delhi: Prime Minister Narendra Modi is set to visit Telangana tomorrow to inaugurate multiple development projects, including the Kakatiya Mega Textile Park (KMTP) in Warangal. The textile park, however, is not a new project and was originally inaugurated in October 2017 unde Read More
- Business
- May 9, 2026
RBI To Discontinue ₹500 Notes? PIB Fact Check Debunks Viral Instagram Reel Claims as Fake
The Indian government has moved swiftly to debunk viral social media rumors claiming the Reserve Bank of India (RBI) will discontinue ₹500 currency notes.A viral reel posted by the Instagram handle ‘insightswithnicky’ claimed that the ₹500 denomination would soon be pulled from c Read More
- Business
- May 9, 2026
India Remains Key EM Destination as Mid-Caps Outperform Nifty Despite $21 Billion FII Sell-off: Report
India remains a critical destination for emerging market investors, even as it faces a “reverse AI trade” that has impacted its MSCI Emerging Markets Index weightage to 12 per cent, according to a Jefferies Greed & Fear report.”If India has been out of favour as the reverse AI tr Read More
- Business
- May 9, 2026
RBI Eases Capital Rules for Banks, Scrapping NPA-Linked Condition for Quarterly Profit Inclusion
The Reserve Bank of India on Friday implemented rules related to how banks can include quarterly profits while calculating their capital strength, removing an earlier condition linked to bad loan provisions.In a press release issued on Friday, the RBI said it had earlier released Read More
- Business
- May 9, 2026
FII Ownership of Indian Stocks Falls to 14.7% as Domestic Institutional Investors Lead Market Shift
Foreign Institutional Investor (FII) ownership as a percentage of total Indian equities has fallen from 19.9 per cent in April 2016 to 14.7 per cent in April 2026, marking its lowest level since June 2012, according to JM Financial’s Fundamental Research report.However, as per th Read More
- Business
- May 9, 2026
S&P 500 and Nasdaq Hit Record Highs as AI Boom Defies Middle East Tensions
The S&P 500 and the Nasdaq notched record highs on Friday, boosted by gains in Nvidia, Sandisk and other AI-related stocks, while a stronger-than-expected jobs report pointed to labor market resilience.Nvidia climbed 1.8%, while memory and storage sellers Micron Technology and Sa Read More
- Business
- May 8, 2026
SBI Chairman Dismisses Funding Worries; Bank Posts Highest-Ever Annual Profit of ₹80,032 Crore
State Bank of India (SBI) Chairman, Challa Sreenivasulu Setty, on Friday stated that India’s largest public sector bank faces no funding challenges, citing an excess Statutory Liquidity Ratio (SLR) of approximately Rs 3 lakh crore available on its balance sheet.Responding to a qu Read More
- Business
- May 8, 2026
Is India’s Mining Sector Entering A New Chapter?
India’s mining sector is entering the “Mining 5.0” era, where the focus will shift from isolated digital technologies to integrated systems powered by artificial intelligence, real-time data and connected operations, according to a report by Deloitte India and the Indian Chamber Read More
