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SpaceX CEO Elon Musk posted, “Despite loss of many tiles and a damaged flap, Starship made it all the way to a soft landing in the ocean!"The company had earlier said, "If Starship manages to make it all the way to reentry, we'll collect valuable data on the vehicle at hypersonic speeds, or more than 5x the speed of sound."Thursday's flight was a significant feat for SpaceX's Starship, as the three previous attempts ended in its fiery destruction. It was the fourth launch of the world’s biggest and most powerful rocket, standing nearly 400 feet (121 meters) tall."This time, the rocket and the spacecraft managed to splash down in a controlled fashion, making the hourlong flight the longest and most successful yet," news agency Associated Press reported.SpaceX had earlier said the Starship, on its fourth test, will fly a similar trajectory as the previous flight test, with a targeted splashdown of the Ship in the Indian Ocean.

₹6,500, sees an upside potential of 10.73 per cent.“The stock has corrected well and has consolidated near 5700 levels to maintain a good base taking support and currently we anticipate a bounce back with strength and potential to rise further in the coming days," Parekh said.Also read: Chandan Taparia recommendations: How to trade Escorts, Dixon Tech, Glenmark Pharma shares on June 7?“The RS has shown signs of positive bias and with good volume participation witnessed, we suggest to buy and accumulate this stock for an upside target of 6500 levels keeping the stop loss of 5650," she added.Dr Reddy's shares was trading 1.29 per cent higher on Thursday, June 7. The stock closed at ₹5,899.40 per share, against previous close at ₹5,824 on Wednesday.Dr.

West Bengal unit have started to show in the wake of the party's 'disappointing' performance in the parliamentary polls in the state, a suggestive statement from veteran leader Dilip Ghosh sparked speculations on whether the 'old-versus-new' debate is about to get reignited. Quoting former Prime Minister Atal Bihari Vajpayee, Ghosh on Thursday posted on X: «Keep one thing in mind, even one old Karyakarta of the party should not be neglected. If necessary, let ten new Karyakartas get separated. Because the old workers are the guarantee of our victory. Trusting new Karyakartas too quickly is not advisable.»

European Central Bank cut interest rates for the first time in five years on Thursday but kept investors in the dark about its next move given increasing uncertainty over inflation after a sharp slowdown in the past year.

In a stock exchange notice on Wednesday (5 June), the trust said it had agreed two-year fixed price contracts with the utilities provider for 14 projects representing 568MW/920MWh, around half of its 1,072MW target portfolio, starting in a phased manner from 1 July 2024. As part of the tolling agreement, Octopus will pay a fixed fee per MW on projects in return for the use of each project's batteries. The fixed fee is determined by the duration of the asset – expressed in hours – and excludes Capacity Market payments, which projects will continue to receive separately. Gresham House E...

₹1.4 trillion in 2023-24 and RBI’s dividend of ₹2.11 trillion, some of the expenditure cuts in the interim budget may have to be re-examined. On a trend basis, revenue expenditure growth in recent years was limited to 3.7%, 7.8% and 1.2% in 2021-22, 2022-23 and 2023-24, respectively, as per the CGA data. The interim budget's growth was 4.6% over 2023-24 actuals.

Dabur India and Zydus Lifesciences with ‘add’ calls; and PG Electroplast with a ‘reduce’ rating. Meanwhile, deletions include APL Apollo Tubes, Bharat Electronics, Data Patterns, Camlin Fine, and Titan Company.

US investors can now access funds that track double the daily movement of Ethereum. However, a spot Ether ETF still awaits full regulatory approval.

Also Read: PSU Bank index jumps 4.4% on BJP-led NDA govt confirmation“We expect the AUM growth trend to continue in FY25, registering 16-27% for most players, though we expect some impact of elections on overall disbursement in segments like Commercial Vehicles (CV) and CE leading to a softer Q1FY25. However, a good monsoon and increased infra spend by the government would result in strong rural & urban demand across segments like Vehicle, MSME, and Mortgage," Singh said in a note.However, margins remained under pressure for most NBFC on account of repricing of lower-rate borrowings.

Stock market today: Adani Power share price witnessed a significant surge during morning deals. Adani Power share price today opened with an upside gap at ₹749.90 per share on NSE.

ITC shares to ‘Add’ from ‘Buy’ and also cut ITC share price target to ₹460 apiece from ₹510 earlier, as it sees likely additional pressure from the surge in competition, and expectations of higher tax hike in the Union Budget to fund populist measures.The brokerage house sees 100 basis points (bps) margin impact from inflation, which would partially be absorbed in mix thrust (premium continues to do well) and cost efficiency. Also Read: FMCG stocks likely to see valuation re-rating, says Emkay Global; upgrades HUL, Nestle"Ideally, this kind of inflation should be passed on to consumers, but historical precedence does not suggest so.

BJP leaders have begun serious introspection into the reasons that led to the disappointing performance. Party office bearers maintain that while Prime Minister Narendra Modi has almost maintained his popularity among the voters, several mistakes in candidate selection across states and the growing perception among Dalits that the BJP will re-write the constitution if it achieves “400 par” target are the primary reasons for its dismal performance.

Jubilant Foodworks with a target price of Rs 650. The current market price of Jubilant Foodworks is Rs 520. Jubilant Foodworks Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 34806.83 Crore) operating in Tourism & Hospitality sector.

China, according to a Hindustan Times report.In response to this, Canadian Prime Minister Justin Trudeau, in a statement, said that his government takes the issue of foreign interference "very seriously."Also Read | Nvidia hits $3 trillion in value as shares rise 5.2%, chip maker zooms past Apple as second-most valuable companyThe National Security and Intelligence Committee of Parliamentarians (NSICOP), consisting of MPs and senators with top security clearances, released the report amid worsening India-Canada relations, HT said.This comes amid escalating tensions between the countries after Trudeau last year alleged last year that Indian government agents were involved in the killing of Khalistani activist Hardeep Singh Nijjar, a claim New Delhi called "absurd", the paper added.Also Read | Bill Gates memoir 'Source Code' next year: Early years, nearly being kicked out of Harvard, Microsoft & more…The report also suggests that some Canadian MPs may have been influenced by foreign countries. Adding that these MPs may have acted inappropriately in their communications with foreign missions, attempted to "improperly influence" colleagues, and shared privileged information with foreign diplomats.

Also Read: Sensex Today Live Updates : Sensex up 500pts, Nifty at 22,770; BHEL, IEX, KP Green shares climbNifty 50 Outlook by Osho Krishan, Sr. Analyst, Technical & Derivatives, Angel OneThe Indian equity market is currently experiencing dynamic movements characterised by substantial swings in both directions. After the downturn from the previous session, there has been a notable reversal fuelled by short covering.

Sensex and Nifty soared over 3% each on heavy value buying by investors after NDA alliance partners started talks on government formation. The stocks that were in focus included names like HUL, which rose 4.29%; IRCTC, which gained 0.6%; and RVNL, whose shares rose 0.68% on Tuesday.

Nestle India with a target price of Rs 2880. The current market price of Nestle India Ltd. is Rs 2466.75. Nestle India Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 241988.98 Crore) operating in FMCG sector.

Jyothy Labs with a target price of Rs 500. The current market price of Jyothy Labs Ltd. is Rs 437.7. Jyothy Labs Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 16414.23 Crore) operating in FMCG sector.

Varun Beverages with a target price of Rs 1750. The current market price of Varun Beverages Ltd. is Rs 1498. Varun Beverages Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 194130.91 Crore) operating in FMCG sector.

Hamas compound" inside of a school in the Gaza Strip, an attack Hamas-affiliated media there reported killed at least 39 people.

Stocks to buy or sell: Following a significant downturn on Tuesday due to the Lok Sabha Election results, the Indian stock market showed signs of recovery on Wednesday. The Nifty 50 index surged by 735 points, closing at 22,620, while the BSE Sensex skyrocketed by 1303 points, concluding at 74,382.