Daily Republic News
- Business
- May 20, 2026
HSBC CEO Says AI Will Destroy And Create New Jobs, Urges Staff To Embrace Change
HSBC Chief Executive Georges Elhedery said on Wednesday AI would destroy and create certain jobs in the financial industry, and the bank was retraining its workforce to meet the challenge.Elhedery told an HSBC investor day event that staff needed to embrace AI-driven change rathe Read More
- Business
- May 20, 2026
Meta Layoffs: What Beyond Zuckerberg’s AI Investments Triggered 8,000 Job Cuts
Meta Layoffs: While continuing to increase spending on AI-centric infrastructure, and talent, Meta Platforms Inc has intiated sending alerts to thousands of employees that they’re being laid off, amid a restructuring plan aimed at reducing costs and bolstering efficiency.The com Read More
- Business
- May 20, 2026
US-Iran Peace Talks: Oil Prices Ease After Donald Trump Says Iran War Will End ‘Very Quickly’
Oil prices eased on Wednesday after U.S. President Donald Trump again asserted the war with Iran will end “very quickly”, though investors remain wary about the outcome of peace talks amid continued disruptions to Middle East supply from the conflict.Brent crude oil futures fell Read More
- Business
- May 19, 2026
RBI Cancels Licence of Yashwant Co-operative Bank Over Lack of Capital and Earning Prospects
The Reserve Bank of India has cancelled the banking licence of The Yashwant Co-operative Bank Ltd., located in Phaltan, Maharashtra. The lender must stop all banking operations immediately after the close of business on Tuesday.Customers will no longer be able to deposit or withd Read More
- Business
- May 19, 2026
Weak Exports and Rising Crude Fuel Fear of Sharp Increase in Oil Trade Deficit: Crisil
India’s oil trade deficit is set to widen sharply in FY27 as rising crude prices, weakening petroleum exports and the country’s heavy dependence on imported oil place renewed stress on external balances, according to a report by Crisil.The report, titled “Oil’s not well”, underli Read More
- Business
- May 19, 2026
Explained: What Was The US Court Case Against Billionaire Gautam Adani That Just Closed?
The United States government has dropped its multi-billion-dollar criminal fraud and conspiracy case against Indian tycoon Gautam Adani.The U.S. Department of Justice asked a federal judge in New York to dismiss all criminal charges against the billionaire. The motion was filed w Read More
- Business
- May 19, 2026
Indian Rupee Hits Fresh All-Time Low of 96.45 vs Dollar as Crude Spikes to $111
The Indian rupee nose-dives to a fresh all-time low of 96.45 against the US dollar. Relentless crude oil spikes and massive FII equity outflows continue to intensify pressure on the domestic currency.Global energy supply anxieties have escalated significantly. Brent crude futures Read More
- Business
- May 19, 2026
TCS Appraisal: IT Giant Gives 5-8% Average Pay Hikes, Restructures CTC Framework
India’s largest technology services exporter, Tata Consultancy Services (TCS), has rolled out its annual salary increments for eligible employees.As of Tuesday morning, official communication confirmed a return to the regular annual appraisal cycle. The move comes after macroecon Read More
- Business
- May 19, 2026
Is AI The Real Reason Behind Global Layoffs? Zoho’s Sridhar Vembu Weighs In
After healthcare unicorn Innovaccer carried out its third round of layoffs impacting employees both in the US and India, Zoho’s Sridhar Vembu said blaming job losses on AI is convenient.Innovaccer carried another round of layoffs as the company transitions to an “AI-native” compa Read More
- Business
- May 19, 2026
Chennai’s Rs 993-Cr Suburban Rail Gets Green Light: Here’s Why It Matters
Indian Railways has approved the Arakkonam-Chengalpattu Doubling Project (68 km) of Southern Railway at a cost of ₹993 crore to bolster efficient rail transportation across the South Asian country.The section forms part of the important Chennai suburban circular rail network conn Read More
