I think a lot of Texans would be surprised by some of these numbers. We hear all the time about the benefits of living in a state without income taxes, but there's a lot more to the picture. I put this together because I think we should all know how these policies affect us, especially when we're deciding who represents us.

Early voting ends October 30, and Election Day is November 3. Find your polling place at https://www.votetexas.gov/voting/where.html. Please get out and vote!

Trump supporters getting robbed while cheering for it. He tells them were making so much money. he means he and the insiders, not you. While everyone is paying +50% more on gas and diesel. Trump and his friends are using the war to make themselves rich.

Trump has no real reason to stop the war. the longer it goes the richer they get.

the us gov spent $45B of taxpayer money to recover $5B in taxes. and oil companies pocketing the rest.

If youre not willing to invade iran with infantry and tanks there is no chance that irans government will collapse. and that is another 20+ year war.

the last time ayatollah khomeni accepted a ceasefire after the iran-iraq war in 1988 he said later that it was "worse than drinking poison". he said that about a cease fire, not a surrender.

what deal do you think the new ayatollah will make after the US and israeli government killed his father and his entire family.

Allowing corporate money equal standing as individuals have led us here. We allow them to buy elections, why are we surprised when the people they get elected do everything for them to accumulate more money on our backs. Why are we surprised that socialism for the people is despised by half the population but socialism for corporations, giant agriculture and many non producing states is ignored. I’m not a Christian, but the Bible warned against money exchangers and that kind agreed and it looks like it was right.

Ola Electric lost ₹1,833 Cr in FY26 and is now asking shareholders for ₹1,000 Cr through a rights issue. I went through the full 340-page annual report to see where the money goes. Every point below has a page reference, so you can check it yourself.

**1. Customer money sitting with a promoter-group company**

When customers buy an Ola scooter, part of the payment is collected by Ola Financial Services, a subsidiary of ANI Technologies (Ola Cabs). Both are Bhavish Aggarwal’s other companies. At 31 March 2026, ₹79 Cr of that customer money was still with them. A year earlier it was ₹76 Cr. (Note 8(d), p.190)

Add a ₹25 Cr trade receivable, and Ola Financial Services owed the listed company ₹104 Cr at year-end. Ola Electric also booked ₹64 Cr of commission income from it during the year. (Note 35, p.222–223)

**2. Growing payments to Krutrim, the founder’s AI startup**

That’s ₹88 Cr of Ola Electric’s money with Krutrim at year-end. (Note 35, p.222–223)

**3. The context**

* Revenue fell 50%, to ₹2,253 Cr
* Net loss was ₹1,833 Cr
* The auditors listed going concern as a key audit matter (p.149)

**4. Revenue that isn’t cash yet**

₹96 Cr of PLI incentive was booked as operating revenue while the government’s techno-commercial audit is still in progress. The full ₹96 Cr is still receivable. (p.189)

**5. Controls**

* No audit trail at database level for the general ledger and revenue software (p.156)
* Qualified opinion on internal controls over inventory verification at a subsidiary (p.159)
* No internal auditor during FY26; one was appointed after year-end (p.29)

**6. Regulatory**

* SEBI issued a show cause notice in April 2026 over disclosures on the sales network, vehicle sales figures in press releases, and Roadster delivery timelines. The company filed a settlement application without admitting or denying. (p.37)
* Three vendors have filed insolvency petitions against the main operating subsidiary at the NCLT. (p.37)

**One correction to something widely repeated:** the ₹177 Cr ANI Technologies balance in the related-party note is money Ola Electric *owes* ANI, not money ANI owes Ola Electric. ANI owes Ola Electric only ₹36 Cr.

None of this proves wrongdoing, and related-party transactions aren’t illegal in themselves. But when a loss-making listed company is raising money from shareholders, it’s fair to ask why customer money sits with one founder-linked company and growing advances go to another.

Curious what others make of this, especially anyone who has looked at the Krutrim numbers in earlier years.

I posted the same breakdown as an X thread with highlighted screenshots of each page: [https://x.com/SamarthBatra19/status/2115371194270826793\](https://x.com/SamarthBatra19/status/2115371194270826793)

I regularly go through annual reports and filings of Indian listed companies and break down what the numbers actually say. If you want to understand Indian markets beyond the headlines, follow me here on Reddit (u/@samversee39\]) and on X (@SamarthBatra19).

Fundamentals aren't the problem. Capital is.

Right now, three giants are fighting over the same shrinking pool of liquidity:

• A U.S. government borrowing $2T/year
• AI data centers spending trillions on infrastructure
• Consumers squeezed by war and rising energy costs

That’s why bond yields are surging. And in a leveraged system, nothing works when yields stay above 6%.

Wall Street thinks Fed Chair Kevin Warsh will stay hawkish forever. He won't.

Neither the government nor the Fed will let the AI revolution fail when the solution is doing the one thing they do best: printing money.