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Blue Origin’s New Glenn rocket explodes during ground test

Blue Origin’s New Glenn rocket exploded during a routine prelaunch ground test in the United States. The blast occurred while engineers were conducting engine-related checks ahead of a future mission. A large fireball and smoke were seen at the test site, but the company confirmed that no injuries were reported. Emergency teams secured the area after the incident.

The company has launched an investigation to determine the cause of the failure. New Glenn is a heavy-lift rocket designed for satellite launches and deep-space missions. The setback may impact upcoming test schedules as engineers review technical data and safety systems.

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Samsung workers approve historic pay deal

Samsung Electronics workers have approved a major wage agreement, ending a labour dispute that had threatened strikes at the company’s semiconductor plants in South Korea. The deal includes higher pay and improved benefits for employees after months of negotiations between the union and management.

The agreement is expected to ensure stable operations at Samsung’s chip facilities, which play a major role in global semiconductor supply chains. Company officials welcomed the decision, saying it would support production continuity and improve labour relations.

Industry experts say the settlement could influence labour movements across South Korea’s technology and manufacturing sectors.

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Reliance sets June 5 as dividend record date

Reliance Industries has announced June 5 as the record date for its FY26 dividend. Shareholders who own the company’s shares by this date will be eligible to receive the dividend payout.

The company will also hold its Annual General Meeting (AGM) on June 19, where major business updates and future plans are expected to be discussed.

Reliance is likely to share details about its telecom, retail and energy businesses during the meeting. Investors are also expected to closely watch announcements related to Jio and the company’s expansion plans.

The dividend announcement has kept Reliance shares in focus in the stock market. Further details regarding the dividend payment process and AGM agenda are expected soon.

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Calm prevails at Tata leadership talks

A sense of calm marked recent leadership discussions within Tata Sons ahead of an important board meeting. Chairman N. Chandrasekaran reportedly encouraged open dialogue during internal discussions, focusing on coordination and continuity.

Interactions between Chandrasekaran and Noel Tata were described as positive, helping ease earlier speculation about differences within the group’s leadership. Reports suggest the focus remained on business strategy and long-term growth rather than internal issues.

The developments are seen as reinforcing stability within the Tata Group, which operates across multiple sectors and follows a board-driven governance structure.

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StrainX Bioworks raises $13 mn to boost alternative protein

 

 

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Hindalco profit drops 51%, announces ₹5 dividend

Hindalco Industries reported a 51% decline in net profit for the fourth quarter of FY26 and announced a final dividend of ₹5 per share. The company posted a profit of ₹2,597 crore during the January–March period, lower than the same quarter last year.

Despite the drop in profit, Hindalco recorded growth in revenue, supported by strong performance in its aluminium and copper businesses. The company said operational issues at Novelis’ Oswego plant in the United States affected earnings during the quarter. Investors will now watch future business performance and market conditions closely.

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Heatwave spurs beverage sales, not appliances

Sales of cold drinks, ice creams and other summer products have increased sharply as heatwave conditions continue across several parts of India. Consumers are spending more on beverages and instant cooling products to deal with rising temperatures. However, demand for major appliances such as air conditioners and refrigerators has remained weaker than expected.

Industry experts say factors such as uneven weather patterns, higher prices and cautious consumer spending have affected appliance purchases. While fast-moving summer products are seeing strong demand, larger household purchases continue to face slower sales growth.

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Pronto faces privacy concerns over AI cameras

Pronto has come under criticism after reports emerged about a pilot programme involving AI-enabled cameras recording activities inside customers’ homes.

The feature, reportedly designed to improve service quality and operational monitoring, sparked privacy concerns and criticism on social media. Users questioned the use of cameras in private spaces and raised concerns over consent and data handling practices.

The issue has also triggered wider discussions within the technology community on balancing AI-driven innovation with privacy rights, with experts stressing the importance of transparency and clear communication when customer data is involved.

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US invests $2 bn in nine Quantum Computing firms

The United States government has announced a $2 billion funding package to support the development of quantum computing, distributing the money among nine companies working in the sector.

The strategic decision aims to accelerate research and strengthen US leadership in advanced computing technologies. Quantum computing uses principles of quantum mechanics to process complex problems far faster than traditional systems and is expected to have major applications in areas like cybersecurity, defence, healthcare, and materials science.

Officials said the investment will support research, infrastructure, and scaling of experimental systems while addressing technical challenges such as stability and error correction in early-stage quantum technology.

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SpaceX postpones Starship test launch

SpaceX has postponed the launch of its Starship Flight 12, delaying the debut of the upgraded Starship V3 rocket. The launch, planned from Starbase in Texas, has now been rescheduled for Friday after a technical issue during final preparations.

The mission marks the first test of the latest Starship version, which includes major upgrades in design, power and reusability. Before the delay, SpaceX completed key checks, including rocket stacking and a full fuel loading test.

The test flight will focus on system validation rather than completing a full orbital mission.