In a surprising turn of events, Nate Anderson, the founder of Hindenburg Research, announced on Wednesday that the well-known U.S.-based financial research firm is closing its doors. Hindenburg gained international recognition for its explosive short-selling reports, which exposed alleged corporate fraud and financial misconduct in companies like Nikola, Adani Group, and Lordstown Motors. The firm’s investigations frequently triggered market turmoil and highlighted issues in corporate governance, establishing its reputation as a bold watchdog in the financial sector. However, Anderson’s decision to dissolve the firm has left analysts and investors pondering…
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Mumbai-Based Startup Manastu Successfully Tests Green Propulsion System in Space
Manastu, a Mumbai-based aerospace startup, has achieved a significant milestone by successfully testing its innovative green propulsion system in space. The test, conducted aboard a satellite in low Earth orbit, marks a breakthrough in environmentally friendly space technologies. The propulsion system, developed by Manastu, uses a non-toxic, eco-friendly propellant that promises to replace traditional hydrazine-based fuels, which are highly toxic and hazardous to handle. The technology aims to reduce the environmental footprint of satellite launches and improve safety for ground crews. “This successful test validates years of research and development,”…
Read MoreTech Startups Poised for Hot IPO Season on Wall Street
A wave of highly anticipated Initial Public Offerings (IPOs) from tech startups is set to electrify Wall Street in the coming months, signalling renewed investor confidence in the sector. After a subdued period for tech listings, companies specializing in artificial intelligence, fintech, and cloud computing are leading the charge toward public markets. Analysts predict strong investor interest as these startups aim to capitalize on growing demand for cutting-edge technologies and digital transformation. Key players, including a few unicorns with billion-dollar valuations, have already filed confidential paperwork for their IPOs, fuelling…
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