SpaceX rally loses steam: Stock price falls over 6% after blockbuster debut week at Wall Street

SpaceX rally loses steam: Stock price falls over 6% after blockbuster debut week at Wall Street

After a gravity-defying run since its blockbuster debut, SpaceX shares finally came back down to Earth on Thursday (local time), falling more than 6% as the post-IPO euphoria began to lose steam.Shares of the Elon Musk-led company were trading at $178.50, down 6.5% during the session, after having already slipped nearly 5% a day earlier….

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‘India to be among our top 5 markets’, says Hesham Abdulla Al Qassim

‘India to be among our top 5 markets’, says Hesham Abdulla Al Qassim

Maharashtra Chief Minister Devendra Fadnavis shakes hands with Emirates NBD Vice Chairman and Managing Director, Non-Independent Non-Executive Director, Hesham Abdulla Qassim Al Qassim MUMBAI: Emirates NBD’s Rs 26,015 crore purchase of a 60% stake in RBL Bank marks more than the largest banking cross-border deal; it signals how the India-UAE economic relationship is shifting from…

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Coal gasification can cut import dependence, strengthen energy security: G Kishan Reddy

Coal gasification can cut import dependence, strengthen energy security: G Kishan Reddy

India can significantly reduce its dependence on imports and strengthen long-term energy security by accelerating coal gasification projects, Union coal and mines minister G Kishan Reddy said on Thursday, as the government stepped up efforts to attract investment into the sector.Speaking at a roadshow on the Centre’s scheme for promoting surface coal and lignite gasification…

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White House clears final reg: flexibility for international students in terms of stay and studies likely to be curbed

White House clears final reg: flexibility for international students in terms of stay and studies likely to be curbed

To begin with, this means that international students and other visa holders covered by the new policy will have to seek periodical visa extensions and undergo biometrics The Office of Management and Budget (OMB) has cleared a ‘final’ regulation sent to it earlier by the Department of Homeland Security (DHS). This regulation will replace the…

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Net direct tax collections rise nearly 15% to Rs 5.21 lakh crore; advance tax growth signals strong corporate earnings

Net direct tax collections rise nearly 15% to Rs 5.21 lakh crore; advance tax growth signals strong corporate earnings

Net direct tax collections rose 14.64% to over Rs 5.21 lakh crore as of June 17 in the current financial year, driven by robust advance tax payments from companies and higher securities transaction tax (STT) collections, according to government data released on Thursday, as reported PTI.The growth keeps the Centre on track to meet its…

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PM-Kisan 23rd instalment on June 20: Rs 18,880 crore to be transferred to 9.44 crore farmers

PM-Kisan 23rd instalment on June 20: Rs 18,880 crore to be transferred to 9.44 crore farmers

Prime Minister Narendra Modi will release the 23rd instalment of the PM-Kisan scheme on June 20, transferring Rs 18,880 crore directly into the bank accounts of more than 9.44 crore farmers across the country Prime Minister Narendra Modi will release the 23rd instalment of the PM-Kisan scheme on June 20, transferring Rs 18,880 crore directly…

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US stock market today: Wall Street rebounds as oil slides after US-Iran deal; S&P 500, Nasdaq rise over 1%

US stock market today: Wall Street rebounds as oil slides after US-Iran deal; S&P 500, Nasdaq rise over 1%

US stocks rebounded on Thursday, recovering much of the previous session’s losses as falling oil prices and easing Treasury yields lifted investor sentiment. US stocks rebounded on Thursday, recovering much of the previous session’s losses as falling oil prices and easing Treasury yields lifted investor sentiment following the US-Iran agreement to end hostilities and reopen…

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