Bizz Buzz

New Delhi, June 11: India's leading IT industry body, Nasscom, has announced the formation of the UK Technology Advisory Council (TAC), a strategic industry body that will advise the High Commission of India in the United Kingdom on enhancing technology cooperation between the two countries.

Introduction The cryptocurrency market has ground to a quiet halt. Trading volumes across major digital assets have plummeted to depths not seen in nearly two years. While casual observers panic over this sudden silence, seasoned market analysts recognize a familiar pattern. This low-participation phase often acts as a critical setup, sparking fierce debates over an impending, massive crypto relief rally.

New Delhi, June 11: The government on Thursday assured that India has sufficient fertiliser stocks to meet agricultural demand during the ongoing kharif sowing season, despite concerns over potential supply disruptions caused by rising tensions in West Asia. Speaking at an inter-ministerial briefing on developments in the region, Aparna S.

Introduction: Opendoor’s surprise decision in June 2026 to close its India offices highlighted AI’s effect on services. CEO Kaz Nejatian said manual workflows should move “in person and close to our customers” as AI unifies systems. The move ended operations in Hyderabad and Bengaluru, affecting roughly 250 staff hired since 2024. While part of broader cost cuts, observers saw this OpenDoor India exit as evidence of how AI is eroding the traditional cost-arbitrage model of offshoring.

Gandhinagar/Vadodara, June 11: The first Airbus C295 military transport aircraft manufactured in India successfully completed its maiden test flight from the Final Assembly Line facility in Vadodara, Gujarat, on Thursday, marking a significant achievement for the country's defence manufacturing sector and aerospace ambitions.

New Delhi, June 11: India is emerging as a major global hub for financial services talent, with Mumbai, Delhi NCR, and Bengaluru securing spots among the world's top 30 financial services markets, according to a report released by real estate consultancy Colliers India on Thursday.

New Delhi, June 11: Pakistan's gross government domestic debt and liabilities increased to Rs 58,089 billion in April, marking an 11 percent rise compared to the same period last year, according to a report citing data from the State Bank of Pakistan (SBP). The report, published by The Express Tribune, noted that domestic debt stood at Rs 57,566 billion in March 2026 and Rs 52,523 billion in April 2025.

Mumbai, June 11: Leading Indian banks have significantly increased interest rates on Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits after recent measures by the Reserve Bank of India (RBI) aimed at boosting foreign currency inflows. The revised rates now allow Non-Resident Indians (NRIs) to earn returns of up to 6.6 percent on US dollar deposits.

New Delhi, June 11: The Indian National Space Promotion and Authorisation Centre has selected three Indian space startups as the first beneficiaries of its Technology Adoption Fund (TAF) scheme, aimed at accelerating the development and commercialisation of advanced space technologies.

New Delhi, June 11: Prime Minister Narendra Modi on Thursday reiterated that empowering India's youth remains a national priority, describing them as the driving force behind the country's ambition to become a developed nation by 2047. Addressing the Governing Council meeting of NITI Aayog, the Prime Minister highlighted the importance of leveraging India's demographic advantage through quality education, skill development, and employment generation.