Category: Finance
Tesla Eyes India: $2-3 Billion Electric Car Plant in the Works
Tesla To Scout Locations In late April, Tesla plans to send its first team to scout potential locations for building electric car plants in India. This is estimated to cost USD 2-3 billion. Tesla will be focusing on Indian states which are already dominant auto manufacturing regions. These regions include Gujarat and Rajasthan in the…
Major Banks to Close 48 Branches in April Alone: More to Come?
Various banks will close 48 branches this month and will continue to close more as the year goes on. This includes Halifax and Lloyds. Barclays and the Bank of Scotland. Barclays will close 21 branches, Halifax will close 14, and Lloyds will close 12. The Bank of Scotland will close only one. Why are the…
5 Benefits of Crowdfunding
What is Crowdfunding? Crowdfunding is a popular method of raising capital from a range of people. It is a relatively new idea due to its harnessing of social media connectivity. People can pitch business ventures to a large group of investors and entrepreneurs, who can invest as little as $10. The collective capital raised by…
Glitch in Ethiopian Bank causes Customers to withdraw Millions
Key Points Regarding the Glitch: On Saturday, 16th March, a glitch occurred in the transaction systems of the Commercial Bank of Ethiopia, which allowed people to withdraw more money than they had in their accounts. It took several hours for the glitch to be fixed, and over $40 million was reportedly withdrawn during this time.…
Donald Trump and His Truth Social Payout
What Happened? On Monday, Trump will be due to pay $454 Million as a bond to the state of New York. A New York state judge, Arthur Engoron, claimed Trump inflated his assets and properties on financial statements to banks and insurers to get better loans, paying less interest. Despite this, he has paid back…
Corruption in BJP Electoral Bonds causes Huge Scandal
What are Electoral Bonds? Electoral bonds are ways in which members of the public can anonymously donate money to political parties. However, the BJP is under scrutiny for allowing the sale of electoral bonds only a few months before India’s election. Why is the BJP under fire? The BJP (the ruling political party in India)…
