Business News | Today Business News | Latest Business News | Current Business News | Top Business News

Kerala Milk Prices See Sharp Spike: Milma Announces Rs 4/Litre Hike; Check Revised Rates Effective June 1

editor@republicworld.com (Asian News International) — Thu, 21 May 2026 07:48:34 +0530

The Keralam Co-operative Milk Marketing Federation (Milma) has announced a hike of Rs 4 per litre in milk prices across the state, with the revised rates set to come into effect from June 1.The decision was taken on Wednesday by the Board of Directors of the Kerala Cooperative Mi

Amid Crude Oil Shock, India Eyes Big Discoveries In Mahanadi And Andaman Basins

editor@republicworld.com (Nitin Waghela) — Wed, 20 May 2026 15:11:04 +0530

India New Oil & Gas Alternatives: Amid the ongoing global oil crisis, India eyes fresh discoveries of oil and gas reserves in the Andaman and Mahanadi basins, top-level ONGC officials told exclusively to Republic Media Network.While the Western onshore and offshore basin has been

Rupee Hits Record Lows: Why RBI's $1 Billion Daily Intervention Is Failing to Stop the Currency Slide

editor@republicworld.com (Thomson Reuters) — Wed, 20 May 2026 14:34:57 +0530

The Reserve Bank of India's daily currency market intervention, estimated at about $1 billion, per four bankers, is slowing but not halting the rupee's slide, with the currency hitting a string of record lows under pressure from high oil prices and surging U.S. Treasury yields.Th

Rupee Hits Record Low Near 97 Against US Dollar: How Crucial Import Shock Slams Your Household Budget

editor@republicworld.com (Shourya Jha) — Wed, 20 May 2026 14:06:38 +0530

The Indian rupee slipped to an unprecedented lifetime low on Wednesday. It is now drifting dangerously close to the psychological threshold of 97 against the US dollar. The fall is driven by high global crude prices and foreign capital flight, while geopolitical tension in West A

Singapore Resists Wave of Banking Layoffs: DPM Demands AI Use for Upskilling Workers

editor@republicworld.com (Thomson Reuters) — Wed, 20 May 2026 12:30:30 +0530

Singapore's banks and financial firms should use artificial intelligence to create better jobs and train workers for higher-value roles, not just cut costs, Deputy Prime Minister Gan Kim Yong said on Wednesday. Gan's comments come a day after Standard Chartered said it would cut

India's EPFO Prepares WhatsApp Chatbot To Track PF Balance And Resolve Account Claims

editor@republicworld.com (Shourya Jha) — Wed, 20 May 2026 11:43:37 +0530

India’s state-run retirement fund manager is moving to your smartphone screen to cut down massive desk queues and long call wait times.The Employees’ Provident Fund Organisation (EPFO) will launch an artificial intelligence-driven WhatsApp chatbot within the month. Union Minister

Indian Rupee Plunges To Record Low 96.90 Against US Dollar As Energy Pressures Mount

editor@republicworld.com (Shourya Jha) — Wed, 20 May 2026 11:06:56 +0530

The Indian rupee slumped to an all-time low of 96.90 against the US dollar immediately after the opening bell on Wednesday, extending a punishing losing streak.The domestic currency has broken its own lifetime lows for multiple consecutive trading sessions. This marks the rupee's

US Secretary of State Marco Rubio’s India Visit: Agenda, Trade Talks, and Strategic Stakes

editor@republicworld.com (Shourya Jha) — Wed, 20 May 2026 10:51:56 +0530

US Secretary of State Marco Rubio will land in India this Saturday for a crucial four-day diplomatic tour. The visit occurs at a highly volatile moment for bilateral relations. Behind the public display of unity at the upcoming Quad summit, intense trade friction is reaching a bo

JPMorgan Exec Lorna Hajdini Files Defamation Lawsuit Against Ex-Banker Chirayu Rana

editor@republicworld.com (Nitin Waghela) — Wed, 20 May 2026 09:50:40 +0530

JPMorgan Chase senior executive Lorna Hajdini has filed a defamation lawsui against ex-banker Chirayu Rana, accusing him of fabricating 'sex slave' claims, citing The Post report.The defamation lawsuit was filed by Hajdini against Rana in the New York State Supreme Court earlier

Stock Market Opening Bell: Sensex Fell 0.57%, Nifty 50 Plummeted 0.68% - Check Key Triggers

editor@republicworld.com (Nitin Waghela) — Wed, 20 May 2026 09:32:52 +0530

Stock Market Opening Bell: The Indian stock market benchmark indices, Sensex and Nifty 50 witnessed a gap down opening on, amid weak cues from global markets and concerns linked to rising inflation and elevated bond yields.While Nifty 50 declined 0.68% to 23,457.30, Sensex plumme

HSBC CEO Says AI Will Destroy And Create New Jobs, Urges Staff To Embrace Change

editor@republicworld.com (Thomson Reuters) — Wed, 20 May 2026 09:04:04 +0530

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

Meta Layoffs: What Beyond Zuckerberg's AI Investments Triggered 8,000 Job Cuts

editor@republicworld.com (Nitin Waghela) — Wed, 20 May 2026 08:49:05 +0530

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

US-Iran Peace Talks: Oil Prices Ease After Donald Trump Says Iran War Will End 'Very Quickly'

editor@republicworld.com (Thomson Reuters) — Wed, 20 May 2026 08:24:41 +0530

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

RBI Cancels Licence of Yashwant Co-operative Bank Over Lack of Capital and Earning Prospects

editor@republicworld.com (Shourya Jha) — Tue, 19 May 2026 17:34:01 +0530

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

Weak Exports and Rising Crude Fuel Fear of Sharp Increase in Oil Trade Deficit: Crisil

editor@republicworld.com (Asian News International) — Tue, 19 May 2026 13:53:46 +0530

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

Explained: What Was The US Court Case Against Billionaire Gautam Adani That Just Closed?

editor@republicworld.com (Shourya Jha) — Tue, 19 May 2026 13:36:35 +0530

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

Indian Rupee Hits Fresh All-Time Low of 96.45 vs Dollar as Crude Spikes to $111

editor@republicworld.com (Shourya Jha) — Tue, 19 May 2026 12:50:43 +0530

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

TCS Appraisal: IT Giant Gives 5-8% Average Pay Hikes, Restructures CTC Framework

editor@republicworld.com (Shourya Jha) — Tue, 19 May 2026 12:42:48 +0530

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

Is AI The Real Reason Behind Global Layoffs? Zoho's Sridhar Vembu Weighs In

editor@republicworld.com (Nitin Waghela) — Tue, 19 May 2026 12:40:07 +0530

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

Chennai’s Rs 993-Cr Suburban Rail Gets Green Light: Here’s Why It Matters

editor@republicworld.com (Nitin Waghela) — Tue, 19 May 2026 12:05:52 +0530

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

Adani Case Resolution Reinforces India-US Investment Partnership: USISPF President

editor@republicworld.com (Asian News International) — Tue, 19 May 2026 11:17:27 +0530

Reacting to the US Department of Justice dropping the alleged bribery charges against Gautam and Sagar Adani, Mukesh Aghi, President and CEO of the US-India Strategic Partnership Forum (USISPF), said on X that Indian companies are committed to being strong partners in the United

Why This PSU Energy Stock Rallied Nearly 4% After Q4 Results

editor@republicworld.com (Nitin Waghela) — Tue, 19 May 2026 11:09:16 +0530

Indraprastha Gas Share Price: The shares of city gas distribution major Indraprastha Gas rose as much as 3.86% to hit an intraday high of Rs 157.50 apiece on Tuesday, May 19, after posting its Q4 FY26 results.In the quarter ended March, the company posted a a 21% year-on-year (Yo

Fuel Prices Hiked Again For Second Time In A Week; Petrol Rises By 0.86 Paise, Diesel By 0.83 Paise

editor@republicworld.com (Melvin Narayan) — Tue, 19 May 2026 06:50:10 +0530

New Delhi: Fuel prices have been increased once again across the country, with petrol prices rising by 0.86 paise per litre and diesel rates going up by 0.83 paise per litre, further burdening consumers already reeling under rising transportation and household expenses.The latest

Trump Administration To Unveil Digital Stock Trading Framework, Reports Say

editor@republicworld.com (Thomson Reuters) — Tue, 19 May 2026 10:44:31 +0530

The Trump administration plans to unveil a framework for trading tokenized or digital versions of securities, Bloomberg News reported on Monday, citing people familiar with the matter.The U.S. Securities and Exchange Commission is expected to release an "innovation exemption" for

StanChart Plans 7,000 Job Cuts and AI Push to Boost Return on Equity Target to 15%

editor@republicworld.com (Thomson Reuters) — Tue, 19 May 2026 10:36:14 +0530

Standard Chartered raised a key profit metric on Tuesday that the bank expects to achieve through deep headcount cuts and an expansion of its key wealth business.In a strategy update to investors, StanChart said it would deliver a more than 15% return on tangible equity (ROTE) in

OMC Stocks Rally Up To 3% Following Second Domestic Fuel Price Increase

editor@republicworld.com (Shourya Jha) — Tue, 19 May 2026 10:30:45 +0530

Shares of Indian state-run oil marketing companies (OMCs) climbed up to 3% on Tuesday morning. Investors cheered a fresh round of domestic fuel price hikes and robust quarterly corporate earnings.As of 10:18 AM, the Nifty Oil & Gas index rose 0.64%. This came as state-run retaile

Stock Market Opening Bell: Nifty 50 Rose 0.11%, Sensex Surged 0.17%

editor@republicworld.com (Nitin Waghela) — Tue, 19 May 2026 09:33:09 +0530

Stock Market Opening Bell: The benchmark stock market indices, Sensex and Nifty 50, opened on a cautious note on Tuesday's trading session, tracking mixed global market cues.While Nifty 50 opened 0.11% higher at 23,675 level, Sensex rose 0.17% to 75,441.30 level.While the Asian m

OMCs Losses Down To Rs 750 Cr Per Day, No Bailout Package Under Consideration: MoPNG

editor@republicworld.com (Nitin Waghela) — Tue, 19 May 2026 09:17:56 +0530

OMCs Losses: Ahead of the second fuel price hike in India, a senior Ministry of Petroleum and Natural Gas (MoPNG) told Republic Media network, that OMC losses spiralled down to Rs 750 crore per day.Sujata Sharma, Joint Secretary at MoPNG, noted that the losses of oil marketing co

From Fuel Price Hike To Gift Nifty: 5 Key Triggers For Indian Stock Market Today

editor@republicworld.com (Nitin Waghela) — Tue, 19 May 2026 08:27:09 +0530

Stock Market Today: The benchmark stock market indices, Sensex and Nifty 50, are set to open on a muted note on Tuesday's trading session, tracking mixed global market cues.While the Asian markets traded mixed, the US stock market ended lower overnight due to profit booking in te

Petrol, Diesel Prices Hiked Again: Delhi Rates Increased By 91 Paise; Kolkata Sees Highest Rise

editor@republicworld.com (Asian News International) — Tue, 19 May 2026 08:19:24 +0530

New Delhi: Fuel prices across the country witnessed a sharp increase, as petrol and diesel rates were hiked by an average of 90 paise per litre on Tuesday.In Delhi, petrol prices rose by 87 paise, climbing from Rs 97.77 to Rs 98.64 per litre, while diesel prices increased by 91 p

Why BSE Is Set To Replace Wipro And Enter The Nifty 50 Club

editor@republicworld.com (Nitin Waghela) — Mon, 18 May 2026 13:05:04 +0530

India's oldest stock exchange, BSE Ltd is likely to replace Wipro as part of the Nifty 50 Index in September 2026, as per an analysis by Quiddity Advisors.An index change is possible when one eligible stock whose Average Float Market Cap (AFMC) is greater than 1.5 times the AFMC

Iran War Saddles Global Companies With $25 Billion Bill

editor@republicworld.com (Thomson Reuters) — Mon, 18 May 2026 12:49:58 +0530

The US-Israeli war with Iran has already cost companies around the world at least $25 billion - and the bill is climbing, according to a Reuters analysis. A review of corporate statements since the start of the conflict by companies listed in the United States, Europe and Asia of

India Bonds Sink Tracking Global Debt Rout, Oil Jump

editor@republicworld.com (Thomson Reuters) — Mon, 18 May 2026 12:05:11 +0530

The central government bonds joined a global rout early Monday as a rally in oil stoked inflation fears for the world's third-largest crude importer, while fading hopes of an end to the Iran war further soured sentiment. The benchmark 6.48% 2035 bond yield was up about 7.5 basis

Why Oil Stocks Crashed On May 18 After This US-Iran War Update

editor@republicworld.com (Nitin Waghela) — Mon, 18 May 2026 12:00:30 +0530

The shares of Indian oil marketing companies (OMCs) such as IOCL and HPCL were trading in red on Monday, May 11, amid crude oil prices surpassing the $110 mark, and Trump's "clock ticking warning" to Iran.As of 11:44 AM, the Nifty Oil & Gas index witnessed 12 stocks in decline, a

Stock Market Opening Bell: Sensex Falls 0.57%, Nifty 50 Plummets 0.68% - Here's Why

editor@republicworld.com (Nitin Waghela) — Mon, 18 May 2026 09:19:56 +0530

Stock Market Opening Bell: The Indian benchmark stock market indices Sensex and Nifty 50 witnessed a gap down opening on Monday, May 11 amid surge in crude oil rates, and escalating US-Iran war tensions.While Sensex plummeted 0.57% to 74,808 level, Nifty 50 declined 23,482.20 lev

Stock Market Today: How Will Nifty 50, Sensex Trade On May 18?

editor@republicworld.com (Nitin Waghela) — Mon, 18 May 2026 08:30:30 +0530

Stock Market Today: The Indian benchmark stock market indices, Sensex and Nifty 50, are expected to witness a gap down opening on Monday as a result of profit booking, surge in crude oil rates, and escalating US-Iran war linked tensions.The trends on Gift Nifty signalled beginnin

Oil Touches 2-Week High After Drone Attack on UAE Nuclear Power Plant

editor@republicworld.com (Thomson Reuters) — Mon, 18 May 2026 08:05:43 +0530

Oil prices extended gains on Monday as efforts to end the U.S.-Israeli war on Iran appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as US President Donald Trump is expected to discuss military options on Iran.Brent crude futu

Vodafone Idea, Tata Steel In Focus: Top Stocks To Watch Today

editor@republicworld.com (Nitin Waghela) — Mon, 18 May 2026 08:01:02 +0530

Stocks In Focus Today: The benchmark stock market indices Sensex and Nifty 50 ended their two-day gaining streak on Friday, May 15 as a result of weak global triggers, surge in crude oil prices, rupee hitting all-time low against the US dollar, and profit booking weighing on mark