Daily Republic News
- Business
- May 7, 2026
Is Gold No Longer a Safe Haven? Morgan Stanley Reports 14.5% Dip Amid Iran Conflict and High Rates
Gold’s traditional reputation as a safe-haven asset is facing fresh scrutiny after prices declined during the ongoing Iran conflict, according to a report by Morgan Stanley.The report noted that despite heightened geopolitical tensions, gold has underperformed several major asset Read More
- Business
- May 7, 2026
Crude Prices Bounce Back to $102 as Trump Questions Iran Peace Deal Prospects
Oil prices rose over $1 on Thursday, rebounding from the previous day’s sharp losses, as investors weighed the prospects of a Middle East peace deal succeeding. Brent crude futures were up 78 cents, or 0.8%, at $102.05 a barrel at0400 GMT. U.S. West Texas Intermediate gained 76 c Read More
- Business
- May 7, 2026
Is Job Creation And Poverty Eradication In Store For West Bengal? Vedanta’s Anil Agarwal Weighs in
Vedanta Group’s Chairman and Founder Anil Agarwal noted that states in East, including West Bengal are the richest in natural resources and human resources.The metal and mining magnate’s remarks come after the recent assembly elections held in Assam, and West Bengal placed their Read More
- Business
- May 7, 2026
Fed Signals Potential Rate Hikes as U.S.-Iran War Sparks Inflation Shock and Oil Price Surge
Federal Reserve officials said on Wednesday the ongoing U.S.-backed war with Iran is raising the risk of a sustained inflation shock, with continued high oil prices and developing concerns about problems with global supply chains.Chicago Fed President Austan Goolsbee said busines Read More
- Business
- May 7, 2026
Auto Major Mahindra & Mahindra Shares Surge Over 2% After 48% Jump In Q4 Consolidated Profit
Mahindra & Mahindra Share Price: The share price of Mahindra and Mahindra surged over 2% to hit an intra-day high of Rs 3,380.70 apiece after the automotive major reported a 42% year-on-year (YoY) rise in Q4 FY26 consolidated profit.The Mahindra Group’s flagship company posted a Read More
- Business
- May 7, 2026
Paytm Share Price Jumps 6% After Posting Landmark ₹552 Crore Profit for Fiscal Year 2026
Shares of Paytm’s parent, One97 Communications, surged as much as 6.2% on Thursday morning. The stock hit an intraday high of ₹1,180 on the NSE. Investors cheered the company’s transition from a loss-making startup to a profitable fintech powerhouse.The fintech major reported a n Read More
- Business
- May 7, 2026
Bajaj Auto Share Price Surge Over 3% After 34% YoY Rise In Q4 Net Profit; Announces ₹5,633 Cr Buyback
Bajaj Auto Share Price: The shares of Bajaj Auto surged over 3% to hit an intra-day high of Rs 10,656 apiece on Thursday, May 7, after posting a 34% surge in net profit to Rs 2,746 crore as against Rs 2,049 crore in the year ago period. India’s second largest motorcycle manufactu Read More
- Business
- May 7, 2026
Stock Market Opening Bell: Sensex Rose 0.49%, Nifty 50 Rallied 0.28% – Here’s Why
Stock Market Opening Bell: The benchmark stock market bourses Sensex, and Nifty 50 opened in green on Thursday, May 7, extending the gaining momentum witnessed in Wednesday’s trading session. While Nifty 50 rallied 0.28% to 24,398.50 level, Sensex surged 0.49% to 78339.24 level t Read More
- Business
- May 7, 2026
Gold Gains As US Dollar Weakens – Find Out The Key Factor Behind This
Gold rose for a third straight session on Thursday, supported by a softer dollar as hopes grew for a potential peace deal between the United States and Iran.Spot gold was up 0.3% at $4,701.19 per ounce, as of 0231 GMT, after rising about 3% on Wednesday to hit its highest level s Read More
- Business
- May 7, 2026
Rupee Likely To Be Buoyed By Cheaper Oil; US-Iran Uncertainty May Check Momentum
The Indian rupee is set to inch higher at Thursday’s open, extending the previous session’s rally, helped by a pullback in oil prices.However, bankers cautioned that crude has recovered from its lows, while uncertainty over whether current U.S.–Iran optimism will translate into a Read More
