We need water for everything from cooking to washing- without it, we can’t live. This same water has become a “commodity” in California due to the rampant droughts and wildfires that have struck the state and is being traded at an exchange. In December of last year, the Chicago Mercantile Exchange introduced the California Water Futures market which will be tied to the $1.1 billion California spot water market.
Google Maps is one application you would find in every smartphone be it an android or an apple. But how does Google earn from Maps? and much more in this post.
The word ‘marijuana’ has always been associated with the word illegal and unsafe but there has been a sea of change concerning the global attitude towards cannabis. Countries all over the world have started to legalize marijuana both medically and recreationally as they have understood that banning cannabis does not stop the production but just helps the black market. Does future look “green” for India?
Since the beginning of time, exploring the Universe has been a dream of us humans. Human curiosity has fuelled interest in exploring and discovering new worlds, pushing the boundaries of the known, and expanding scientific and technical knowledge. The first space launch led to the first human space flight, which led to the first moonwalk. Now the focus has changed to other areas of space exploration thanks to the added interest of private companies and eccentric billionaires like Bezos and Musk. Thanks to this the space industry has seen a shift in the way it does business, with newer players looking to capitalize on different markets and more ambitious projects in an area where most of the money was made from military contracts or expensive communications satellites.
The result has been an explosion of growth within the commercial sector. It’s allowing for easier access to space than ever before, with both positive and negative results. Such growth is providing the commercial space industry with lots of momentum coming into the 2020s Today at the Financial Pandora we look at the different businesses that involve space and the future of this sector.
In these tough times, the only good thing has been live sports and now with the Premier league back in action and IPL starting in a few days we could expect more fun to come our way. These leagues not just bring the excitement of the game but also the thrill of making your own fantasy team or betting who will win , who will score and so on. This business is huge internationally with estimated revenue being close to $700 billion a year. Just like the Warren Buffets of the world who made their bucks on the market, they are Parlay Patz of the world who have made a handsome sum of money betting on sports. Sadly, this cannot be achieved in India as betting is labelled Illegal in India. We at the financial pandora, put forward an argument on the need to legalize sports betting, the advantages that would come with it and also how we could actually implement it.
India’s credit industry has gone through a rapid evolution over the last decade and has experienced a transformation of the consumer mind-set from a savings-focused and debt-averse country to a more consumption-focused, leveraged economy. Owing to the recent push towards digital payments and the intentions of the government to move India towards a cashless society, the Indian Credit Card industry has witnessed an impressive y-o-y growth during the last two years. We have indeed seen around 27% growth in the previous year with the number of Credit Cards rising from 38 million to 49 million. With the constant rise in the number of Credit Card providers as well as Credit Card users, it is well expected that the industry will keep showing the rising trend in the coming years as well. To get a detailed analysis about the credit card industry in India and its future aspects click on the link below-
We’ve all seen the mounting power of China especially under Xi’s leadership and it is one of the most potent powers with clandestine methods. Though India seems to be preparing for a long-protracted tussle with the dragon, but is it a plausible act to isolate ourselves completely from the dragon?
Let us shed some light on astounding revelations of India’s dependence on China.
With the rout in crude prices, Oil producing Middle East is looking for alternative energy sources which could suffice its energy demands and also be profitable. Enter Solar Power. So as solar energy rises in the Middle East, will the sun set on oil & gas? Read more as we decode this transition the region is in.
The debate of OTT vs Cinemas has been prevailing since Netflix and Prime have gone on to become giants! With more players entering the OTT market and the Covid fear restricting people to go to theatres.Is this really the end of cinemas? Read the article to find out!