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SpaceX catches Super Heavy booster on Starship Flight 7 test, loses upper stage

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New Delhi, Jan 17: Elon Musk-led SpaceX’s Starship successfully aced the seventh test flight but lost the upper stage.

Starship and Super heavy booster lifted off from SpaceX’s Starbase site in South Texas at 5:37 p.m. EST (4.07 am IST). All 33 Raptor engines powered the Super Heavy booster and Starship on a nominal ascent. Starship’s giant first-stage booster, known as Super Heavy was caught by the Starbase’s launch tower, using the structure’s “chopstick” arms, as it did for the first time on Starship Flight 5 in October.

While this was achieved about seven minutes after liftoff, SpaceX lost contact with Ship. “All six of Ship’s Raptor engines fired up during the stage’s ascent burn, but telemetry was lost with the vehicle after approximately eight and a half minutes of flight,” SpaceX said in a statement after the flight.

“Initial data indicates a fire developed in the aft section of the ship, leading to a rapid unscheduled disassembly,” it added.

The ship was earlier stated to fly much of the way around the world, then splash down softly in the Indian Ocean off the west coast of Australia about 66 minutes after liftoff. Meanwhile, the company launched an investigation, in coordination with the FAA, to understand the root cause.

“Starship is the first rocket design where success in making life multiplanetary is in the set of possible outcomes,” Musk said in a post on social media platform X.

He also stated that more than individual launches, building up civilisation on Mars is more important. “Any individual launch is not very important.

What matters is the expected date when Mars becomes a self-sustaining civilisation,” Musk said in a post.

Starship’s Flight 6 occurred in November last year. It could not repeat the success of Flight 5 to catch Super Heavy due to a communication issue with the launch tower.

SpaceX is developing the resusable Starship, the biggest and most powerful rocket ever built standing 123 meters tall, to help humanity settle the moon and Mars, among other feats.

The company informed that preparations are underway for the eighth flight test, and is going through prelaunch testing.

International

Axiom Space lifts off: Journey of India’s human space flight, says Shubanshu Shukla

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New Delhi, June 25: IAF Group Captain Shubhanshu Shukla, who began his historic mission to become the first from India to reach the International Space Station on Wednesday, said it’s the journey of India’s human space flight.

After 41 years, India will have an astronaut in space. Shukla will be the second Indian in space after Rakesh Sharma’s flight in 1984.

“This is not my journey alone, but I am carrying the Indian flag with me, and this is the journey of India’s human space flight,” Shukla said, onboard the flight.

“Liftoff for #Ax4. The #Ax4 crew is on its way to the space station,” said the US-based Axiom Space, which has, in collaboration with NASA and SpaceX, organised the mission.

“Liftoff of Ax-4!” added SpaceX.

Shukla’s flight launched at 2.31 a.m. EDT ( noon IST) from Launch Complex 39A at NASA’s Kennedy Space Center in Florida, aboard a new SpaceX Dragon spacecraft on the company’s Falcon 9 rocket.

The lift-off comes after being deferred at least six times.

“India is returning to space, Jai Hind,” Shukla wrote on X, just before the launch of the mission.

“After 41 years, India’s flag will fly in space again,” he added.

Earlier, Shukla also penned an emotional note for his wife.

“Special thanks to Kamna for being the wonderful partner that you are. Without you none of this was possible but more importantly none of this would matter,” said Shukla, in a post on Instagram.

He also shared a photograph that shows them saying goodbye through opposite sides of a glass wall.

Shukla also thanked people “involved in this mission for their support”.

He is serving as the pilot of the mission alongside Commander Peggy Whitson of the US.

The other crew members include Slawosz Uznanski-Wisniewski of Poland and Tibor Kapu of Hungary, both serving as mission specialists. Once aboard the ISS, Shukla will conduct pioneering experiments related to food and space nutrition.

Once aboard the ISS, Shukla will conduct pioneering experiments related to food and space nutrition and study the effects of microgravity and space radiation on edible microalgae — a nutrient-rich, high-potential food source for future space missions.

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Business

India on track to become $5 trillion economy in next 3 years: Piyush Goyal

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New Delhi, June 25: India is well on track to achieve a $5 trillion economy and the expectation is to reach this milestone within the next three years, Commerce and Industry Minister Piyush Goyal has stressed.

By 2027, “we hope to become the third largest economy in the world,” he said, adding that all stakeholders — government, business community, industry, trade, and 140 crore Indians — are deeply aligned with the Prime Minister’s vision for ‘Viksit Bharat 2047’.

The minister stated that the government, under Prime Minister Narendra Modi, has focused on quantum change, not incremental progress and it focused not only on growth, but on inclusive, sustainable and honest growth.

He was speaking at a webinar hosted by the Merchants’ Chamber of Commerce and Industry (MCCI) on ‘India’s March Towards a $5 Trillion Economy: Navigating Global Challenges’.

On India’s economic strength, Goyal stated that the country has moved from being part of the fragile five to becoming one of the top five economies in the world.

“We have a strong macroeconomic foundation. Our banking system is strong and robust, with high ability to lend. Our inflation is among the lowest India has ever seen — down to 3 per cent again,” he said.

The minister further said that the government has focused on achieving growth that is calibrated for the Indian story and that believes in ‘Seva, Sushasan and Navachar; — Service, Good Governance and Innovation.

He highlighted that MCCI will continue to play a very important role during Amrit Kaal in achieving this goal. Such dialogues help the government better understand what needs to be done to support industries, even in the face of global volatility, turbulence, and uncertainty.

“History reminds us that great economies are not built in calm waters. Great economies are built in turbulent seas,” Goyal emphasised, adding that this is India’s time to seize the moment and that the opportunity must not be missed.

He praised MCCI’s 124-year journey, calling it a bridge between the government, stakeholders, and industries. “MCCI can be called as Mobilizing Commerce and Connecting Industries, because that is exactly what MCCI does,” Goyal added.

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Business

Indian stock market shrugs off midweek volatility, ends week on robust note

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Mumbai, June 21: The Indian equity benchmarks wrapped up the session on a robust note last week, decisively breaking through critical resistance level, propelled by sustained institutional accumulation, analysts said on Saturday.

The Nifty 50 convincingly closed above the psychologically significant 25,000 mark on Friday, underscoring bullish momentum. At the closing bell, the Sensex rallied 1,046.30 points, or 1.29 per cent, to settle at a fresh high of 82,408.17, while the Nifty 50 advanced 319.15 points, or 1.29 per cent, to end at 25,112.40.

“Relentless inflows from institutional investors — both Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs)—acted as key tailwinds, offsetting headwinds from prevailing geopolitical uncertainties and reinforcing positive sentiment across the street,” according to a note by Bajaj Broking Research.

Nifty Index formed a sizable bull candle with a higher high and higher low signaling resumption of up move after recent corrective consolidation. The index in the process closed firmly above the 25,000 levels signalling strength.

“Going forward, we anticipate the index to retest the upper boundary of the recent five-week consolidation zone, currently pegged near the 25,200 mark. A decisive breakout above this resistance band could open the door for an upward extension towards the 25,500 zone in the near term,” said the note.

The Indian stock market shrugged off midweek volatility triggered by escalating tensions in the Middle East and a sharp spike in crude oil prices.

The Reserve Bank of India’s relaxation of project financing norms provided a boost to financial stocks.

“The RBI’s continued dovish tone — signalling potential rate cuts on validating subdued inflation — further reinforced market confidence, positioning monetary policy as a key stabilizing force amid global uncertainty,” said Vinod Nair, Head of Research, Geojit Investments Ltd.

Crude prices surged early in the week due to geopolitical unrest, sparking concerns over inflation. However, the pace of growth in oil prices tapered significantly after the initial spike, helping to ease fears of a sustained inflationary rebound.

Investor sentiment toward the pharmaceutical sector has turned cautious following the proposed imposition of new tariffs, said analysts.

With the deadline for a 90-day pause on reciprocal tariffs approaching, markets are closely tracking trade negotiations and deal-making activity expected to unfold over the next two weeks.

“Meanwhile, geopolitical uncertainty continues to loom, as statements from world leaders regarding possible military involvement in the Middle East keep markets on edge. Investors will also keep a close eye on upcoming U.S. GDP and PCE data, along with India’s PMI figures, for cues on the strength and direction of economic recovery at home and abroad,” Nair noted.

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