Adani group, an Evil corp?
- Thread starter Pyception
- Start date
But tickets are always sold out for a showman performance, not for the silent performer (unless you are Teller).
Anyway supporters/opponents may paint whatever picture, Indians voted for Modi in 2019 only because of two reasons:
1) Hindu Muslim polarization. (build an atmosphere of fear in the majority and then appease them, and the democratic process shall automatically bestow with power)
2) Image of arrogant (some may call it proud) semi-dictator (which this country has been desiring since Indira Gandhi) who can cock a snook at Goras and Cheenis and Porkies and ...
In fact have a look at all Modi's photos, you will find the same expression: eyes narrowed slightly, brows knit, constant frown, menacing glare
If Adani is able to support Point No.2 above, then Indians actually won't care (so what if this kind of crony capitalism is going to harm Indian public in the longer run)
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Owner of Adani Power’s Mauritius investor a ‘single person company’
In July 2020, Adel also became a director of Opal Investments (Mauritius) and is recorded with the address of Trustlink International, a corporate service provider.
indianexpress.com
Lets continue to praise and support the nation builders.
www.ft.com
The mystery of the Adani coal imports that quietly doubled in value
Analysis of customs records suggests Indian conglomerate has been inflating fuel costs using offshore middlemen
Mr.J
Innovator
Coal comes from Adani's mines, shipped to Adani's ports, sold by Adani's company. Pretty sure I'm missing more chains in this link. But whatever. Sab changa si.Lets continue to praise and support the nation builders.
The mystery of the Adani coal imports that quietly doubled in value
Analysis of customs records suggests Indian conglomerate has been inflating fuel costs using offshore middlemen
chetansha
Juggernaut
Scam explained:
Buy coal for $1
Over invoice it at $3
Charge for electricity based on triple price.
Tax liability reduced
Make super profits
Billion transferred to offshore entities.
Invest in own shares to drive up price
Use overpriced shares to loot public banks.
Buy coal for $1
Over invoice it at $3
Charge for electricity based on triple price.
Tax liability reduced
Make super profits
Billion transferred to offshore entities.
Invest in own shares to drive up price
Use overpriced shares to loot public banks.
Billionaire Gautam Adani’s Wealth Jumps After India’s Supreme Court Says Hindenburg’s Report Not Credible
Tuesday’s buying frenzy pushed up Adani’s net worth by $6 billion and his estimated net worth now stands at $57.1 billion.
www.forbes.com
Adani Hindenburg : No Material To Doubt SEBI Probe & Impartiality Of Expert Committee Members, Says Supreme Court; Reserves Judgment
The Supreme Court on Friday (November 24) reserved its judgment in a batch of Public Interest Litigations (PILs) seeking a Court-monitored investigation into the allegations made by US-based...
‘Should SEBI now follow journalists?’ SC reserves verdict in Adani-Hindenburg case
The top court reserved its verdict on the pleas seeking an examination into the allegations against Adani.
The problem is that SEBI had raised its hands saying that it is unable to dig deeper than the first level in order to determine the related party transactions via shell companies.Billionaire Gautam Adani’s Wealth Jumps After India’s Supreme Court Says Hindenburg’s Report Not Credible
Tuesday’s buying frenzy pushed up Adani’s net worth by $6 billion and his estimated net worth now stands at $57.1 billion.
Adani Hindenburg : No Material To Doubt SEBI Probe & Impartiality Of Expert Committee Members, Says Supreme Court; Reserves Judgment
The Supreme Court on Friday (November 24) reserved its judgment in a batch of Public Interest Litigations (PILs) seeking a Court-monitored investigation into the allegations made by US-based...www.livelaw.in
‘Should SEBI now follow journalists?’ SC reserves verdict in Adani-Hindenburg case
The top court reserved its verdict on the pleas seeking an examination into the allegations against Adani.www.newslaundry.com
Adani Stocks rally up to 20% as US agency DFC finds Hindenburg's 'irrelevant' - Adani Stocks rally up to 20% as US agency DFC finds Hindenburg's 'irrelevant' BusinessToday
Shares of Adani Enterprises surged more than 6 per cent to Rs 2681.75 on Tuesday. The flagship firm of Adani Group's total market capitalization topped Rs 3 lakh crore mark once again.
eternoMind
Herald
Good. The US recognises the geopolitical significance of the situation. Though given how multiple factions/actors are involved within the US, the statement by the said US official is very smartly worded. Most people who bought into the allegations against Adani wholesale, without an iota of scepticism, seem to have a very 90s and 00s worldview. Can't blame them as that's the period most of us grew up in, a unipolar world whose geopolitics was largely shaped by Trans-Atlantic countries. You don't have to give Adani a clean chit, just retain your scepticism for every actor involved.Adani Stocks rally up to 20% as US agency DFC finds Hindenburg's 'irrelevant' - Adani Stocks rally up to 20% as US agency DFC finds Hindenburg's 'irrelevant' BusinessToday
Shares of Adani Enterprises surged more than 6 per cent to Rs 2681.75 on Tuesday. The flagship firm of Adani Group's total market capitalization topped Rs 3 lakh crore mark once again.www.businesstoday.in
ashokbishnoi
Explorer
It's more of a practical move. Everyone knows how these crony capitalists in India have the dispensation in their pocket, and the current dispensation looks set to stay in power for the foreseeable future. So, why not give a clean chit and invest in the growth story and earn some bucks instead of getting involved in fight with them. We have already seen how the US capitalists funded the growth of China (communist, socialist, anti-democratic) by making it the global manufacturing powerhouse just to have higher profits.Adani Stocks rally up to 20% as US agency DFC finds Hindenburg's 'irrelevant' - Adani Stocks rally up to 20% as US agency DFC finds Hindenburg's 'irrelevant' BusinessToday
Shares of Adani Enterprises surged more than 6 per cent to Rs 2681.75 on Tuesday. The flagship firm of Adani Group's total market capitalization topped Rs 3 lakh crore mark once again.
We will continue to see foreign investments into these Indian companies as long as there's a govt that heavily favors them.
@eternoMind @ashokbishnoi
A pragmatic win for business-politico nexus not only beyond international borders, but against giants like George Soros and a now not so imperial USA.
So, now business ethics can go for 'thel lene'
A pragmatic win for business-politico nexus not only beyond international borders, but against giants like George Soros and a now not so imperial USA.
So, now business ethics can go for 'thel lene'
eternoMind
Herald
Geopolitics and foreign policy are amoral. Not immoral, mind you, but amoral. When even what's considered 'human ethics' (the Princess Latifa episode is a very minor example of this) is a mere instrument in the pursuit of those goals, 'business ethics' is just a matter of convenience, at this level.@eternoMind @ashokbishnoi
A pragmatic win for business-politico nexus not only beyond international borders, but against giants like George Soros and a now not so imperial USA.
So, now business ethics can go for 'thel lene'
ashokbishnoi
Explorer
True, in business and international relations the meaning of the word 'ethics' changes as per convenience.
For businesses, it's defined by the market and its stakeholders (govt, regulators, public) they operate in. We have numerous examples.
1. How Apple, the so called and self-touted user privacy-champion company refused to entertain FBI's request to decrypt a mass shooter's smartphone.
This same company gladly obliged to have different data storage and user data sharing arrangements with govt in China. Better to have some business than nothing at all.
2. How automobile companies have had been resisting to build safer cars for Indians, while complying with tighter European regulations, as if we have some magical powers to survive accidents.
3. There was this Haldiram's snacks episode too, in which it continues to use ingredients which are banned in USA.
4. How Indian pharma companies deal differently with inspections by US FDA and its Indian counterpart.
This is just laughable, this guy was also questioning adani 
indianexpress.com
Some of his tweets
Here he is badmouthing ED, incometax etc
here he is defending the idea of India
Oh and the irony, he is talking about black money here. Look at the words, almost as sincere as any top leader of congress does.
So many more gems. And all congressi's are in hiding. Not a single person talking about it or made a threat about it when he is caught red handed with CASH.
Problem is, congressi's think running campaign, and targeting by media trail by them will somehow make public fool into getting them not to vote BJP. Imagine the money they spent doing hit job on adani only for supreme court to tell prashant bushan. Imagine the time wasted by congressi's here on this thread only to know 3 states easily won by BJP and now 2024 got even more easy than 2019 and BJP is on route to win even much bigger majority compared to 2019.
Congressi's, a piece of advice. People are not stupid! People are not fools. The whole adani saga is a ploy to extort money(for elections) from adani by strong-arming him and defaming him.
What a downfall for congressi's. Don't forget their attempt on polarizing politics in the name of caste by requesting caste census.
At the centre of ‘highest-ever’ I-T seizure, Dhiraj Sahu, country liquor baron, Cong three-term MP
Flagging these I-T dept raids, PM Modi took to social media to say he would 'guarantee' that every penny of the 'money looted from public will be returned'
indianexpress.com
Some of his tweets
Here he is badmouthing ED, incometax etc
here he is defending the idea of India
Oh and the irony, he is talking about black money here. Look at the words, almost as sincere as any top leader of congress does.
So many more gems. And all congressi's are in hiding. Not a single person talking about it or made a threat about it when he is caught red handed with CASH.
Problem is, congressi's think running campaign, and targeting by media trail by them will somehow make public fool into getting them not to vote BJP. Imagine the money they spent doing hit job on adani only for supreme court to tell prashant bushan. Imagine the time wasted by congressi's here on this thread only to know 3 states easily won by BJP and now 2024 got even more easy than 2019 and BJP is on route to win even much bigger majority compared to 2019.
Congressi's, a piece of advice. People are not stupid! People are not fools. The whole adani saga is a ploy to extort money(for elections) from adani by strong-arming him and defaming him.
What a downfall for congressi's. Don't forget their attempt on polarizing politics in the name of caste by requesting caste census.
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Mr.J
Innovator
Advantage Adani: Power industry lobbies, coal ministry unlocks dense forests for mining
Coal ministry over-rode environment ministry and its mining experts to do away with ban on mining in the densest forests in the country
www.reporters-collective.in
Coal Reform Overturned: After Failed Auctions, Centre Hands Out Coal Blocks At Discretion
When auctions fail, the Centre decides if lone bidders should get the coal mines anyway. Twelve private companies have benefited so far, including the Adani Group
www.reporters-collective.in
Overpricing of Coal Imports By Adani Group Led to Higher Profits, Customers Overcharged for Fuel: FT
A detailed FT investigation points to Adani’s use of “offshore intermediaries” to import $5 billion worth of coal at prices that were at times more than double the market price. One of these firms is owned by a Taiwanese businessman who was named by FT as a hidden shareholder in Adani firms.
Ironically reminds of:
en.wikipedia.org
during earlier Congress rule which was a big issue then. Now, probably concern is not there because everything is legally white ?
Indian coal allocation scam - Wikipedia
blr_p
Quasar
Soon it will be a year and I was told to expect a rebound a year hence from one commentator last Feb
www.ndtv.com
Adani Bond Rebound Helps Erase Short Seller Hit: Report
A rally over the last week was powerful enough to erase some losses on a series of dollar bonds tied to the conglomerate of billionaire Gautam Adani, debt that had dropped after a short seller accused firms owned by him of fraud.
www.ndtv.com