Adani group, an Evil corp?
- Thread starter Pyception
- Start date
Sincere apologies for the brain-fart moment. I meant to say 3rd largest in purchasing power parity terms but for some odd reason, ended up writing per capita. Thanks for pointing that out too.
List of countries by GDP (PPP) - Wikipedia
Hindenburg responds to SEBI Chief Madhabi Puri Buch’s statement, raises new questions:
Ssreek
Herald
Strange language:
'The firm also called for a full, transparent, and public investigation into these issues, citing Buch’s promise of a “commitment to complete transparency.”'
Is this really coming from an American firm or is some local business rival using Hindenberg as a front end? Remember the Mauha/Hiranandani case.
Yes, but that is far far less important. If my enemy is paying a professor to teach me important things I don't know, I'm not wasting time investigating the sources of funds of the professor. Especially if the teachings are proving true immediately.
alekhkhanna
Innovator
Did you read his other tweets? All of them sound like low-blows directed at Modi and co. Prob a guju-vs-guju battle.
Here is another gem from this gentleman's (Mar 25th)
"To those who ask, “If not Modi who?” I respond: “Even a lamppost will be acceptable! At least it will not destroy India”."
Is it that difficult to find a sane commentator on this issue?
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alekhkhanna
Innovator
Did you read his other tweets? All of them sound like low-blows directed at Modi and co. Prob a guju-vs-guju battle.
Here is another gem from this gentleman's (Mar 25th)
"To those who ask, “If not Modi who?” I respond: “Even a lamppost will be acceptable! At least it will not destroy India”."
Is it that difficult to find a sane commentator on this issue?
Nah. Randomly showed in my timeline. Honestly, how does it matter if he’s pro or anti Modi or what his other tweets say ?
As it is, X is filled with either side extremism, so not surprised.
Mr.J
Innovator
Sincere apologies for the brain-fart moment. I meant to say 3rd largest in purchasing power parity terms but for some odd reason, ended up writing per capita. Thanks for pointing that out too.
List of countries by GDP (PPP) - Wikipedia
en.wikipedia.org
List of countries by GDP (PPP) per capita - Wikipedia
India - Rank 125.
Off course the per capita number is small even adjusted for purchasing power, but it doesn't nullify the fact that the economy is too large in total to be derailed by one corporation facing scrutiny, or for that matter failing (although failure is not my base case). That is particularly true because a lot of Adani group's debt is from foreign lenders, so their credit risk is not entirely on Indian banks/Mutual Funds.List of countries by GDP (PPP) per capita - Wikipedia
India - Rank 125.
Emperor
Juggernaut
The US will provide $553 million in financing for a port terminal in Sri Lanka’s capital being developed by Indian billionaire Gautam Adani, as New Delhi and Washington look to curtail China’s influence in South Asia. https://www.livemint.com/industry/u...counter-china-s-influence-11699415179739.html
U.S. DFC will Finance Adani. UDFC run by US State Government. https://infra.economictimes.indiati...3million-to-adanis-colombo-terminal/105049223
When asked about the DFC’s decision to invest in a project led by the Adani Group, tainted by serious corruption allegations this year [Hindenburg report in January 2023 and the Organized Crime and Corruption Reporting Project’s findings in August], the top official appeared to underplay the allegations. “I don’t think Adani Ports, the subsidiary, was implicated in any of the allegations you mention,” Mr. Nathan told a group of foreign correspondents on the sidelines of the event.
The United States and the DFC, he said, are “committed to high standards that includes transparency and due diligence of partners.” https://www.thehindu.com/news/international/adanis-sri-lanka-port-terminal-project-to-get-funding-from-us-government/article67512233.ece#:~:text=The%20U.S.%20International%20Development%20Finance%20Corporation%20(DFC)%20has%20announced%20a,largest%20con%20in%20corporate%20history%E2%80%9D.
U.S. DFC will Finance Adani. UDFC run by US State Government. https://infra.economictimes.indiati...3million-to-adanis-colombo-terminal/105049223
When asked about the DFC’s decision to invest in a project led by the Adani Group, tainted by serious corruption allegations this year [Hindenburg report in January 2023 and the Organized Crime and Corruption Reporting Project’s findings in August], the top official appeared to underplay the allegations. “I don’t think Adani Ports, the subsidiary, was implicated in any of the allegations you mention,” Mr. Nathan told a group of foreign correspondents on the sidelines of the event.
The United States and the DFC, he said, are “committed to high standards that includes transparency and due diligence of partners.” https://www.thehindu.com/news/international/adanis-sri-lanka-port-terminal-project-to-get-funding-from-us-government/article67512233.ece#:~:text=The%20U.S.%20International%20Development%20Finance%20Corporation%20(DFC)%20has%20announced%20a,largest%20con%20in%20corporate%20history%E2%80%9D.
tantrikt
Contributor
I don't know if Buch is involved or not.
But the trend everywhere, is to implicate the refree as soon as possible. The moment the 'chor' is uttered a purported media trial begins and unlike in judicial courts, in media you are guilty until proven innocent. It's a classic diversion and delay tactics.
By the time we find who really did it...the culprit is already long gone with the money beyond the reach of any law enforcement.
There is no way Adani is innocent I think. But at that level and scale I don't think any business man is. They all do shady stuff. You are only guilty if you get caught.
But the trend everywhere, is to implicate the refree as soon as possible. The moment the 'chor' is uttered a purported media trial begins and unlike in judicial courts, in media you are guilty until proven innocent. It's a classic diversion and delay tactics.
By the time we find who really did it...the culprit is already long gone with the money beyond the reach of any law enforcement.
There is no way Adani is innocent I think. But at that level and scale I don't think any business man is. They all do shady stuff. You are only guilty if you get caught.
Emperor
Juggernaut
Billionaire Gautam Adani’s flagship Adani Enterprises Ltd could launch its maiden public offer of non-convertible debentures (NCD) this month, maybe as early as next week, to raise Rs 600 crore from the public, people familiar with the matter said.
Adani Enterprises’ plan to raise equity capital of $1.5-2 billion is also at an advanced stage, and a qualified institutional placement (QIP) offering is likely to be launched in the first half of September, the people cited above said, requesting anonymity. https://www.moneycontrol.com/news/b...is-month-qip-in-early-september-12796583.html
Adani Enterprises’ plan to raise equity capital of $1.5-2 billion is also at an advanced stage, and a qualified institutional placement (QIP) offering is likely to be launched in the first half of September, the people cited above said, requesting anonymity. https://www.moneycontrol.com/news/b...is-month-qip-in-early-september-12796583.html
alekhkhanna
Innovator
India regulatory chief earned revenue in potential rules violation, documents show
Madhabi Puri Buch, head of India's SEBI, faced allegations of earning revenue from consultancy firms during her tenure, potentially breaching regulatory rules. Involved in Adani Group investigations, Buch denied conflict of interest claims. Public records revealed her firm's earnings, raising...
Yes, Reuters has joined in the evil anti-India mission of relentlessly accusing our saintly chief of Sebi without rhyme or reason. Sebi fulfilled their duty to delay the matter enough so that elections pass peacefully. Sebi has already investigated Sebi and found that Sebi is awesome. Enough, I say.India regulatory chief earned revenue in potential rules violation, documents show
Madhabi Puri Buch, head of India's SEBI, faced allegations of earning revenue from consultancy firms during her tenure, potentially breaching regulatory rules. Involved in Adani Group investigations, Buch denied conflict of interest claims. Public records revealed her firm's earnings, raising...m.economictimes.com
Companies bought over by the Adani Group got ‘haircut’ of 96% to 42% on loans from public sector banks: Congress
Congress reveals public sector banks took a 74% "haircut" on dues after Adani Group acquired financially stressed companies.
Banks that had claims of ₹62,000 crore from 10 financially stressed companies had been made to settle for just ₹16,000 crore, Congress leader Jairam Ramesh alleged
alekhkhanna
Innovator
blr_p
Oracle
Anger against Adani from certain quarters is understandable.
Adani, who supplies a large portion of Bangladesh's electricity, may be able to force the interim govt to protect the Hindus. This, obviously, has upset manyimported "indians" and their handlers.
In another news, he signed a deal with the Kenyan govt for Nairobi airport.Western funded agitators "Human rights groups" have been activated
Adani, who supplies a large portion of Bangladesh's electricity, may be able to force the interim govt to protect the Hindus. This, obviously, has upset many
In another news, he signed a deal with the Kenyan govt for Nairobi airport.