Daily Republic News
- Business
- April 6, 2026
RBI vs Corporates: NDF Activity Surges 7x to $7.5 Billion as Firms Exploit Rupee Gap
Indian companies’ activity in the non-deliverable forwards (NDF) market surged to over $7 billion on March 30, around seven times the average, signaling a rush to capture arbitrage opportunities created by banks unwinding positions following regulatory curbs.The unwinding followe Read More
- Business
- April 6, 2026
Nayara Energy To Shut Vadinar Refinery From April 9 – Here’s Why
Indian refiners have postponed maintenance shutdowns of their units to meet local fuel demand, a government official said on Monday.Indian Oil Corporation and Bharat Petroleum Corporation were among the companies that had planned to shut units at some of their refineries for rout Read More
- Business
- April 6, 2026
US Oil Premiums Hit Record Highs as Asian and European Refiners Scramble for Supply
Spot premiums for U.S. West Texas Intermediate crude have jumped to all-time highs as competition between Asian and European refiners for supply heats up to replace Middle Eastern oil flows disrupted by the Iran war, industry sources said.Europe is typically the largest importer Read More
- Business
- April 6, 2026
Indian IT Q4 Preview: TCS & Persistent To Lead As Brokerages Warn Of ‘Subdued’ Earnings
The Indian IT earnings season kicks off on April 9 with bellwether TCS, followed by Wipro on April 16 and HCL Technologies on April 21. Brokerage consensus from HDFC Securities and Kotak Institutional Equities suggests a subdued quarter, with Tier-1 sequential revenue growth proj Read More
- Business
- April 6, 2026
India Seeks 2.5 Million Metric Tons Of Urea Amid Middle East Supply Disruptions
India, the world’s largest urea importer, is looking to purchase 2.5 million metric tons of the key crop nutrient to shore up domestic supplies, which have tightened due to the U.S.-Israeli war with Iran.State-run Indian Potash Ltd (IPL) issued a tender on Saturday to import 1.5 Read More
- Business
- April 6, 2026
MAHABANK, HDFC, & BoB Lead: Why Bank Deposits Are Surging As Investors Flee Market Meltdown
As the Sensex and Nifty 50 faced their most volatile March in recent history, dropping nearly 10% from peak levels, investors have pivoted back to the security of fixed deposits and savings accounts.Provisional business updates for the quarter ended March 31, 2026, reveal a secto Read More
- Business
- April 6, 2026
Amul First Indian FMCG Company To Hit 1 Trillion Turnover Mark
In a first for India consumer space, evergreen FMCG major Amul has established itself as the first fast-moving consumer goods (FMCG) company in the country to record over Rs 1 lakh crore or Rs 1 trillion turnover mark in FY26. In FY25, the brand as old as India reported a 11% yea Read More
- Business
- April 6, 2026
SC Refuses To Stay NCLAT’s Order On Adani Group’s Rs 14k Crore JAL Bid
The Supreme Court of India has refused to interfere with NCLAT’s order refusing to stay Adani Group’s Rs 14,535 crore bid to acquire Jaiprakash Associates Ltd (JAL). The apex court refuses to pass an interim order on Vedanta’s plea, asks parties including Adani Enterprises Ltd to Read More
- Business
- April 6, 2026
100% Tariffs On Branded Pharmaceuticals: What Does It Signal For Indian Pharma Majors?
In the backdrop of 17 pricing deals inked between the US and pharmaceutical majors, United States will implement upto 100% tariffs on branded pharmaceutical imports.This geopolitical move is expected to have minimal impact given several exemptions have already been negotiated.Whi Read More
- Business
- April 6, 2026
RBI’s War on Speculators Backfires: Rupee Hedging Premiums Spike to 17-Year High in Panic
A rally in the Indian rupee, triggered by the central bank’s curbs on speculative and arbitrage positions, sparked a scramble among importers to lock in dollar exposure, pushing hedging costs up by the most since the 2007-2009 global financial crisis. One-year dollar hedging cost Read More
