Daily Republic News
- Business
- April 13, 2026
RBI Scrutinises Banks Over Unwinding Rupee Arbitrage Positions
India’s central bank is scrutinising the methods large banks used to unwind their rupee arbitrage positions, six sources said, on concerns the trades may have breached regulations and impeded efforts to stabilise the currency.In late March and early April, the Reserve Bank of Ind Read More
- Business
- April 13, 2026
Banking Stocks Bleed as Nifty Bank Plummets 1.8% Amid Global Oil Shock and Inflation Fears
The Indian banking sector faced intense selling pressure on Monday morning, with the Nifty Bank index plummeting 1,008 points, or 1.80 percent, to trade at 54,904.55. Following the global spike in crude oil prices, which has crossed $102, the index opened weak at 54,646.00. It qu Read More
- Business
- April 13, 2026
Torrent Pharma Share Price Surges Nearly 2% After This USFDA Update
The shares of Torrent Pharma surged nearly 2% to hit an intra-day high of Rs 4210 apiece on Monday, April 13 after the USFDA inspection of its Bileshwarpura (Oncology) facility concluded with zero observations.According to the company bourse filing, “The USFDA inspected our Biles Read More
- Business
- April 13, 2026
Bank Holidays: Will Banks Remain Shut On April 14? – Check RBI’s City-Specific Holiday Calendar
Bank Holidays: Banks across several states and union territories in India will remain closed on April 14, 2026 on account of Dr Babasaheb Ambedkar Jayanti and other region specific festivities such as Maha Vishuva Sankranti, and Baisakhi.According to Reserve Bank of India’s (RBI) Read More
- Business
- April 13, 2026
Global Finance Chiefs Convene in Washington as Iran War Delivers Third Major Shock to World Economy
Top finance officials from around the world will convene in Washington this week under the shadow of the war in the Middle East, which has delivered a third major shock to the global economy after the COVID pandemic and Russia’s full-scale invasion of Ukraine in 2022. Top Interna Read More
- Business
- April 13, 2026
Safe-Haven Dollar Rallies while Global Markets Plunge After Failed US-Iran Peace Negotiations
The dollar jumped against other major currencies in thin trading late on Sunday, as investors sought the relative safety of the U.S. currency after marathon talks between Washington and Tehran failed to yield a peace deal, plunging markets into a seventh week of uncertainty. Pres Read More
- Business
- April 13, 2026
OMCs, Paint, and Aviation Stocks Bleed; BPCL and HPCL Lead Losses on Margin Fears
The sudden escalation in global energy prices has sent shockwaves through the Indian stock market. This has particularly affected companies where fuel or oil derivatives are primary cost drivers. Shares of Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (H Read More
- Business
- April 13, 2026
Crude Prices Explode: Brent and WTI Surge 8% as US Implements Naval Blockade of Iran
Following the failure of high-stakes diplomatic efforts in Pakistan over the weekend, U.S. President Donald Trump ordered a naval blockade of all Iranian maritime traffic. CENTCOM confirmed the mission would be enforced starting Monday at 10 a.m. ET. While the U.S. stated it woul Read More
- Business
- April 13, 2026
‘Safe To Stay Away From Trading’: Market Expert Ajay Bagga Amid Indian Stock Market Crash
Ahead of Indian benchmark stock market indices Sensex and Nifty opening in red on Monday’s trading session, market expert Ajay Bagga advised against trading.”Not the time to trade. Invest, do your discipline monthly investment through the SIP route. Do not try to time this market Read More
- Business
- April 13, 2026
INR vs USD: Rupee Declined 55 Paise To 93. 28 Against US Dollar Amid Crude Oil Price Spike
Rupee vs USD: The rupee opened 55 paise lower at 93.28 against the US Dollar on Monday, April 13, after a 8% surge in crude oil prices as a direct result of failed US-Iran ceasefire talks in Islamabad. Analysts had expected rupee to open between 93.10-93.20 to the US dollar toda Read More
