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News on Medial
Why are alien visits and UFO sightings highest in America? Explosive truth revealed in new report
Economic Times
·
1m ago
Medial
A newly released report by the Pentagon-backed All-domain Anomaly Resolution Office (AARO) explores why most UFO sightings are in the U.S. It suggests these incidents are linked more to human-made disinformation than extraterrestrial activities. Historical military deceptions, including false UFO conspiracy theories during the Cold War, played a role in misleading the public. Misidentifications, media influence, and deliberate military hoaxes have also contributed to the high number of reported sightings.
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Pentagon UFO Report Finds No Evidence of Alien Cover-Up
Gizmodo
·
1y ago
Medial
A long-awaited Pentagon report aimed at addressing public interest in UFOs, or UAPs (Unidentified Aerial Phenomena), has been released. The report does not provide any evidence of extraterrestrial life and explicitly states that no cases have been found to represent off-world technology. It suggests that what witnesses believed to be alien craft may have been classified defense technology being tested by the government. Former intelligence official David Grusch's claims about a secretive government program dedicated to recovering and studying UFOs have been met with skepticism by Congress and the public.
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Why Trump's digital media company is different from other money-losing startups
TechCrunch
·
1y ago
Medial
Former President Donald Trump's digital media company, Trump Media and Technology Group (TMTG), is experiencing significant financial losses. This is different from typical startups that struggle to make a profit, as TMTG lacks certain factors for explosive growth. TMTG's main business, Truth Social, has failed to gain significant traction, resulting in low revenue and advertiser disinterest. Additionally, TMTG does not have the support of venture capital and is now accountable to shareholders, limiting its ability to take risks. Analysts have noted that TMTG is overvalued, making its long-term success uncertain.
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Truth Social? Never heard of it: Musk after Trump lambasts America Party launch - The Economic Times
Economic Times
·
1m ago
Medial
Elon Musk announced his intention to start a new political party, the America Party, prompting criticism from Donald Trump on his Truth Social platform. Trump mocked Musk's venture, while Musk sarcastically pretended ignorance of Truth Social on his social media app, X, highlighting their ongoing rivalry. Critics pointed out Musk's past remarks on Truth Social, illustrating the tension between the two figures. Musk's declaration reflects his ambition to challenge traditional political systems.
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Indian billionaire list expands, total wealth jumps over 40% to cross $900 bn: UBS
VCCircle
·
8m ago
Medial
According to a report from UBS, the total wealth of the world's billionaires has increased by over 40% to cross $900 billion. The number of billionaires has risen to 2,682 from 2,544 the previous year. The majority of new billionaires are self-made. The report also highlights that North America is seen as offering the best investment returns over the next year. The number of billionaires in the United States increased to 835 from 751, while in China it dropped to 427 from 520. India saw an increase of over a fifth in the number of billionaires. Switzerland now has the second-highest number of billionaires after Germany.
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Funding into Karnataka-based tech startups plummets by 72%: Report
Livemint
·
1y ago
Medial
According to a report by Tracxn, funding in Karnataka's tech startups has dropped by 72% to $3.4 billion in 2023. This is a significant decline from the $12.2 billion raised in 2021 and the $20.4 billion raised in 2022. Late-stage investments saw a 74% decline, while early-stage funding dropped by 71%. Only two startups, PhonePe and Udaan, received the highest funding in 2023. The report also revealed that no new unicorns emerged and no companies went public from the startup ecosystem in Karnataka in 2023. Fintech, retail, and enterprise applications were the top-funded segments in this period. Bengaluru led in terms of city-wise funding.
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How India emerged as top Asian destination for Middle East investors
VCCircle
·
1y ago
Medial
India has become the most favored destination for Middle East investors in Asia, receiving the highest amount of private capital from the region. Over the course of four years, India accounted for 50% of total deals made by Gulf investors in Asia. The consumer goods and services sectors were the most popular for these investments. This information was revealed in a recent industry report.
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LatAm fintechs quadruple in past 6 years, with more room to grow
Livemint
·
1y ago
Medial
The number of fintech startups in Latin America has increased fourfold in the past six years, according to a report by the Inter-American Development Bank and Finnovista. The report revealed that there are now 3,069 fintechs operating in the region, with the majority (57%) targeting the unbanked or underbanked population. Brazil leads the way with nearly a quarter of all fintechs, followed by Mexico (20%), Colombia (13%), Argentina, and Chile (both 10%). The study also highlighted challenges in scalability and access to financing faced by fintechs in the region.
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87 Percent Indians Choose Petrol-Powered Cars This Festive Season: CARS24 Report
OutlookIndia
·
1y ago
Medial
AutoTech start-up, CARS24 reported an 88% increase in the sale of used cars across India during the festive season compared to last year. The company also noted a rise in the participation of millennials in car ownership, indicating a preference for affordable and value-driven choices. The DriveTime Quarterly report by CARS24 highlighted key trends and factors driving automobile decisions in India, with Bengaluru recording the highest car sales during the festive season. Additionally, the report revealed a surge in innovative methods for selling used cars and a rise in loan disbursements for younger professionals.
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Investors snap up 'Magnificent 7' tech stocks and crypto - BofA
Reuters
·
1y ago
Medial
Investors have shown increased interest in technology stocks and cryptocurrencies, according to a report from Bank of America Global Research. Inflows into tech stocks reached $4.7 billion, the highest since August, with the potential for a record annualized amount of $98.8 billion. Crypto inflows also rose, reaching $2.4 billion in the latest week. This surge in investments comes as investors anticipate interest rate cuts from the US Federal Reserve and the continued resilience of the economy. Additionally, emerging-market stocks experienced their first outflow since November due to a shift out of China-exposed funds.
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Data check: Why C-suite salaries jumped in FY24—and did staff pay keep pace?
Livemint
·
9m ago
Medial
The median remuneration for top executives at India's largest listed companies grew by 8.6% in FY24, according to a Mint analysis. However, the salary gap with staff remains significant in many companies, highlighting a larger issue. The highest-paid CEOs in India come from sectors such as IT, banking, and finance. Over the past five years, the median pay for executive directors at Nifty 500 companies has surged from ₹3.8 crore to ₹5.7 crore. The analysis also revealed a gender pay gap and a growing number of executives making over ₹1 crore per year.
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