Business News: Economy & Markets

IN-SPACe selects three space startups for funding under Technology Adoption Fund

IANS | June 11, 2026 3:34 PM

New Delhi, June 11 (IANS) The government agency Indian National Space Promotion and Authorisation Centre (IN-SPACe) on Thursday selected three Indian space startups -- Astrobase Space Technologies, SatSure Analytics India and TM2SPACE Technologies -- as the first set of Indian Non-Governmental Entities (NGEs) for funding under its Technology Adoption Fund (TAF) Scheme.

Three Indian cities rank among world's top 30 financial services markets: Report

IANS | June 11, 2026 3:09 PM

New Delhi, June 11 (IANS) India is strengthening its position as a leading global talent hub for financial services, with Mumbai, Delhi NCR and Bengaluru ranking among the world's top 30 financial services markets, according to a report released on Thursday.

Empowering India’s youth remains a priority: PM Modi

IANS | June 11, 2026 2:52 PM

New Delhi, June 11 (IANS) Prime Minister Narendra Modi on Thursday said that empowering India’s youth remains a priority as they will be the "driving force" in the country’s journey towards Viksit Bharat.

India's Rs 42 lakh crore PMS industry at defining inflection point: SEBI

IANS | June 11, 2026 1:40 PM

New Delhi, June 11 (IANS) India's portfolio management services (PMS) industry -- which manages assets worth around Rs 42 lakh crore and serves more than 2.1 lakh investor accounts -- is at a defining inflection point and has the potential to emerge as a major pillar of the country's investment ecosystem, a senior Securities and Exchange Board of India (SEBI) official said on Thursday.

Collective efforts of Centre, states to play pivotal role in realising Viksit Bharat vision: PM Modi

IANS | June 11, 2026 1:08 PM

New Delhi, June 11 (IANS) Prime Minister Narendra Modi said on Thursday that the Centre and states were working together to accelerate the country’s growth momentum to achieve the goal of a developed India by 2047.

TCS to empower 50,000 associates with Claude AI

IANS | June 11, 2026 12:44 PM

New Delhi, June 11 (IANS) Indian IT giant Tata Consultancy Services (TCS) on Thursday announced a global strategic partnership with US-based AI firm Anthropic and said it will enable 50,000 associates across functions to use Claude as part of its enterprise-wide AI adoption strategy.

Gold, silver prices fall up to 2 pc amid West Asia tensions

IANS | June 11, 2026 12:36 PM

Mumbai, June 11 (IANS) Gold and silver prices traded lower on Thursday, with precious metals falling by up to 2 per cent amid escalating tensions in the West Asia conflict.

Hybrid long‑short funds contribute 70 pc of SIF AUM in May: Report

IANS | June 11, 2026 11:59 AM

New Delhi, June 11 (IANS) Hybrid long‑short funds contributed 70 per cent of total Specialised Investment Funds (SIFs) assets under management in May, amounting to Rs 9,709 crore and recording an average folio size of Rs 33.9 lakh, a report said on Thursday.

RBI likely to reopen licensing window for urban co-operative banks: Report

IANS | June 11, 2026 11:36 AM

New Delhi, June 11 (IANS) The Reserve Bank of India (RBI) is likely to revive the issuance of fresh licences for urban co-operative banks (UCBs), a move that would end a two-decade pause on new entrants in the sector, according to a report.

India's auto ancillary sector revenues triple to Rs 5 lakh crore in a decade

IANS | June 11, 2026 11:27 AM

New Delhi, June 11 (IANS) India's listed auto ancillary sector has nearly tripled its revenues to about Rs 5 lakh crore over the past decade, an 11 per cent compound annual growth rate (CAGR) during FY16-26, a report said on Thursday.

business

IN-SPACe selects three space startups for funding under Technology Adoption Fund

Three Indian cities rank among world's top 30 financial services markets: Report

Empowering India’s youth remains a priority: PM Modi

India's Rs 42 lakh crore PMS industry at defining inflection point: SEBI

Collective efforts of Centre, states to play pivotal role in realising Viksit Bharat vision: PM Modi

TCS to empower 50,000 associates with Claude AI

Gold, silver prices fall up to 2 pc amid West Asia tensions

Hybrid long‑short funds contribute 70 pc of SIF AUM in May: Report

RBI likely to reopen licensing window for urban co-operative banks: Report

India's auto ancillary sector revenues triple to Rs 5 lakh crore in a decade

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