Daily Republic News
- Business
- May 12, 2026
PM’s Austerity Speech Signals Imminent Fuel Price Hikes and LRS Cuts: JM Financial
Prime Minister Narendra Modi’s call for austerity measures should be viewed as “signalling before actual measures” amid rising external vulnerabilities linked to the ongoing West Asia conflict, according to a report by JM Financial Institutional Securities.In the report the broke Read More
- Business
- May 12, 2026
Hardeep Puri Flags Fiscal Strain: ‘How Long OMCs Will Be Able To Take It, It Worries Me’
Union Petroleum and Natural Gas Minister Hardeep Singh Puri delivered a candid warning to industry leaders on Tuesday. Speaking at the CII Annual Business Summit, the Minister addressed the growing gap between global energy costs and domestic retail prices.While Puri assured the Read More
- Business
- May 12, 2026
Dollar Rises as Fading Middle East Peace Hopes and $105 Oil Fuel Inflationary Fears
The U.S. dollar strengthened broadly on Tuesday as talks to end the war in the Middle East showed no signs of progress, pushing oil prices higher and worrying investors that interest rates may need to stay higher to tackle inflationary pressures.Investors now fear that the ceasef Read More
- Business
- May 12, 2026
Nifty Bank Cracks 500 Points as Record Low Rupee and $105 Oil Fuel Fears of Rate Hikes
India’s banking sector faced heavy selling pressure on Tuesday. A combination of a collapsing currency and skyrocketing energy prices forced investors to rethink the outlook for credit growth and inflation.The Nifty Bank index dropped 547.55 points, or 1.01%, to trade at 53,892.3 Read More
- Business
- May 12, 2026
Nifty IT Index Plummets 3.5% as Record Low Rupee and $105 Oil Trigger Tech Sell-Off
The Indian IT sector witnessed a massive bloodbath on Tuesday. A perfect storm of a crashing currency and surging energy costs spooked global investors.The Nifty IT index plummeted 1,051.20 points, or 3.58%, to trade at 28,358.00 by 11:51 IST. The index opened at its day-high of Read More
- Business
- May 12, 2026
Indian Rupee Crashes to Fresh Record Low of 95.32 Against US Dollar as Oil Prices Surge to $105
The Indian Rupee plummeted to a new record low on Tuesday morning. The local currency struggled against a surging US Dollar and a sharp spike in global energy costs.Rupee (INR) opened at 95.10 and quickly slid to a fresh lifetime low of 95.32 against the US Dollar. This marks a s Read More
- Business
- May 12, 2026
Oil Prices Surge to $105 as Fragile US-Iran Ceasefire Weakens and Strait of Hormuz Stays Blocked
Global oil prices climbed sharply on Tuesday morning, which left the investors increasingly worried that the fragile peace in West Asia is about to shatter.Brent crude futures for July delivery rose to $105.14 per barrel. Meanwhile, US West Texas Intermediate (WTI) hovered near $ Read More
- Business
- May 12, 2026
Sensex Crashes 700 Points, Nifty Slips Below 23,650 as Rising Crude and FPI Selling Spook Markets
Indian equity markets witnessed a bloodbath in early trade on Tuesday. Investors reacted sharply to a perfect storm of rising energy costs and persistent capital outflows.The BSE Sensex plunged 711.86 points, or 0.94%, to 75,303.42 by 10:00 IST. The Nifty 50 followed suit, droppi Read More
- Business
- May 11, 2026
Dua Lipa Vs Samsung: Pop Icon Files $15 Million Lawsuit Against Samsung – Check Key Details
Singer-songwriter Dua Lipa has a $15 million lawsuit against electronics giant Samsung, alleging that the company used her image on television packaging without authorisation.According to The Hollywood Reporter, the lawsuit was filed on Friday in the Central District of Californi Read More
- Business
- May 11, 2026
Bond Markets on Edge: Will 10-Year Yields Break the 7% Barrier as Crude Stays Elevated?
The Indian rupee and government bonds will remain sensitive to developments in the U.S.-Iran war, which has shaped the global macroeconomic outlook for more than two months and kept volatility levels elevated.The rupee closed at 94.48 last week, managing to rise 0.4% week-on-week Read More
