Adani group, an Evil corp?

Kilroyquasar said:
perhaps a hint to that is in the answer given by TVS group chemplast amalgamation chairman who was posed similar question years back reg. the ambanis, and he replied that the other business-groups dont have that "risk-appetite" to venture into big-ticket businesses, and they are more of "conservative business families", while ambanis/adanis are able to take high debt/equity ratio (and the latter also using more community & co-businessmen funding than the former). most of the traditional business houses are not taking risk to go and invest in unchartered territories and domains whereas ambanis and adanis are ready to take higher risks and proved that they can be successful with their models.
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To some extent there is self-confidence, but to another extent there is confidence in crony capitalism.
In today's world financing becomes the major roadblock and the best business-man is the one that can convince the entire world to give him loan.

Anyway, the issue with this approach is that you are effectively reducing competition (long term inefficient means of running economy) and you are creating huge risk for retail investors (and retail debtors - like savings bank holders) who have no idea about the thin ice on which these business fundamentals stand (for such enterprises)
 
I must have missed the part when Dr. Manmohan Singh handed over this nation's valuable assets to his corporate masters.

And he also gave press conferences instead of holding chitchat with Bollywood actors.

Conservatives know there's nothing to defend when it comes to Adani-Ambani-Modi nexus so the next best thing they can do is post the same old shi**y whatsapp forwards. On every metric, Dr. Manmohan Singh was better prime minister than current ****, except number of cultists and fools following him. Current one has him beat on that one.
 
Mr.J said:
I must have missed the part when Dr. Manmohan Singh handed over this nation's valuable assets to his corporate masters.

And he also gave press conferences instead of holding chitchat with Bollywood actors.

Conservatives know there's nothing to defend when it comes to Adani-Ambani-Modi nexus so the next best thing they can do is post the same old shi**y whatsapp forwards. On every metric, Dr. Manmohan Singh was better prime minister than current ****, except number of cultists and fools following him. Current one has him beat on that one.
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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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www.forbes.com

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 www.forbes.com

www.livelaw.in

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 www.livelaw.in


www.newslaundry.com

‘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 www.newslaundry.com
 
TEUser2K1 said:
www.forbes.com

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 www.forbes.com

www.livelaw.in

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 www.livelaw.in


www.newslaundry.com

‘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 www.newslaundry.com
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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.
 
www.businesstoday.in

Adani Stocks rally up to 20% as US agency DFC finds Hindenburg report 'irrelevant'

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 www.businesstoday.in

www.bloomberg.com

US Examined Hindenburg Allegations Before Giving Loan to Adani

The US government concluded that short-seller Hindenburg Research’s allegations of corporate fraud against Indian billionaire Gautam Adani weren’t applicable to his conglomerate’s ports subsidiary before extending his firm as much as $553 million for a container terminal in Sri Lanka, a senior...
www.bloomberg.com www.bloomberg.com
 
TEUser2K1 said:
www.businesstoday.in

Adani Stocks rally up to 20% as US agency DFC finds Hindenburg report 'irrelevant'

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 www.businesstoday.in

www.bloomberg.com

US Examined Hindenburg Allegations Before Giving Loan to Adani

The US government concluded that short-seller Hindenburg Research’s allegations of corporate fraud against Indian billionaire Gautam Adani weren’t applicable to his conglomerate’s ports subsidiary before extending his firm as much as $553 million for a container terminal in Sri Lanka, a senior...
www.bloomberg.com www.bloomberg.com
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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.
 
TEUser2K1 said:
www.businesstoday.in

Adani Stocks rally up to 20% as US agency DFC finds Hindenburg report 'irrelevant'

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 www.businesstoday.in

www.bloomberg.com

US Examined Hindenburg Allegations Before Giving Loan to Adani

The US government concluded that short-seller Hindenburg Research’s allegations of corporate fraud against Indian billionaire Gautam Adani weren’t applicable to his conglomerate’s ports subsidiary before extending his firm as much as $553 million for a container terminal in Sri Lanka, a senior...
www.bloomberg.com www.bloomberg.com
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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.
We will continue to see foreign investments into these Indian companies as long as there's a govt that heavily favors them.
 
TEUser2K1 said:
@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' :happy:
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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 said:
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.
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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.
 
Obviously, if business and politico leaders can do this, that is lot of inspiration for every tom, dick and harry...
That which is good for goose is good for gander too.
And people wonder why world is in general, on a marathon towards shit drain hole.
 
This is just laughable, this guy was also questioning adani ;)
indianexpress.com

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 indianexpress.com

Some of his tweets

Here he is badmouthing ED, incometax etc
https://twitter.com/i/web/status/1536973541354405888

here he is defending the idea of India
https://twitter.com/i/web/status/1730558722009965028

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.

photo_2023-12-10_12-57-42.jpg


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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