[kiku007]

This joke was going around last month after FTX collapsed and Sam Bankman-Fried was arrested.

Q: What do you call a crypto billionaire who's suddenly wearing a suit?
A: An Accused.

Background for those who don't know: Bankman-Fried usually dresses up in a loose t-shirt/shorts but he turned to wearing suits after the debacle.

Yesterday, someone usually wearing suits swapped that for Indian formal wear in the video explaining their reasons for something they did.

The small yet significant things.

[aim120]

Lots of reasons, linked to India-russia sanction proof ties.
https://www.nakedcapitalism.com/2023/01/246260.html

[fhdowntheline]

Infrastructure investment promotes job growth if channelised correctly. It also enables the formalization of labour in a big way. I am all for it as long as they strike a balance with environment. That said, I would like to also study how many 50 cr annual turnover firms have become 500 in the last 10 years and how many 1000 cr firms have become , say 10000 cr. There may be interesting data to see if this corroborates with the increase in the numbers for the large/ giant corporates.

[volkman10]

More on the enterprise:

S&P Dow Jones Indices will remove Adani Ent from Dow Jones Sustainability Indices, effective prior to the open on Tuesday, February 7, 2023.

[trippytragopan]

The turmoil has not only hammered Adani Group shares but is also hitting banks that have given loans to the companies. Government-controlled State Bank of India has tumbled 11% since the Hindenburg report came out. Foreign institutional investors pulled a net $2 billion out of India’s stock market from the country Jan. 27 through Jan. 31, the biggest three-day selloff since March, according to data compiled by Bloomberg.

https://www.livemint.com/companies/n...387431951.html

[dailydriver]

Originally Posted by kiku007

The small yet significant things

Speaking of suits and boots, by the time this whole saga sees a semblance of a conclusion, we are bound to find the emergence of a lot of turncoats. For, friends with benefits are bound to hop on to the next big benefactor.

The change in external appearance seems to be the handiwork of an overenthusiastic PR agency, trying to whip up sentiments while hoping to extricate the principal characters out of the impending quagmire with minimal damages.

The government's response, specifically in the ongoing Parliamentary session, is much awaited. It will be an early indication on how things would likely proceed in the future.

[theabstractmind]

Zerodha's founder says:

https://www.businesstoday.in/markets...641-2023-02-02

Kind of makes sense why there would be a bias.

On the sane side of things, the markets are always insane. There many stocks which defy logic. Trading at a PE of 30, 40 or above. The dividends are also very low in most cases. As an investor, I personally wouldn't invest in companies with such high debts and PE. It's ultimately Caveat Emptor. No point crying foul of such companies.

In the financial world, any company with investors from Cayman Islands or Mauritius is approached with suspicion. A lot of money laundering happens through these shell companies incorporated in these states. So, there could be truth in the reports. However, the agency publishing the report could also be considered a suspect as they only have gains to make. I don't buy the argument of bringing the bias against nation, though. It is too far fetched. All that has happened or is happening is a purely commercial and market manipulation.

[poloman]

Adani was down more than 35% today at some point. But market is up. This is really heartening to see the wider market disassociating itself from such stocks. Earlier any such scams would have resulted in a big wipeout.

There may be other reasons for this like the losses limited to one section who pumped the stock and now dumping it in panic. Overall the impact on larger financial system seems to be limited.

[download2live]

Originally Posted by poloman

But market is up.

Jerome Powell has used the word "Disinflation" 15 times in his speech. Market has interpreted it as there will be one more hike and a pause. And then rates will be cut.

[warrioraks]

I must confess there is some sadistic pleasure in seeing Adani stocks facing the rout day after day. But for the sake of the country, I hope he manages his debt well and does not default. We definitely don't want another problem to handle at this point within our financial system.

Really don't care about the share price though, let the market discover the optimal price point.

I was also wondering what could be a good way for Adani to re-build the trust and confidence with his investors. Maybe he can announce a buy-back of shares. Usually an increase in promoter holding is taken a big positive by the market. But then it leads to another question, does he have the funds to do something like this?
Oh man, what a circus!

[avishar]

Originally Posted by theabstractmind

Zerodha's founder says:

https://www.businesstoday.in/markets...641-2023-02-02

In the financial world, any company with investors from Cayman Islands or Mauritius is approached with suspicion. A lot of money laundering happens through these shell companies incorporated in these states. So, there could be truth in the reports. However, the agency publishing the report could also be considered a suspect as they only have gains to make. I don't buy the argument of bringing the bias against nation, though. It is too far fetched. All that has happened or is happening is a purely commercial and market manipulation.

It's not that unusual. Just yesterday RBI approved Hinduja's increase in stake in IndusInd Bank. The money is being routed through Mauritius.

https://www.business-standard.com/ar...0201347_1.html

"The Hinduja group is planning to raise its stake in Indusind Bank from 15 per cent to 26 per cent with an investment of Rs 10,000 crore.

A banking source said the Hinduja’s Mauritius-based promoter entity had received the Reserve Bank of India’s (RBI) approval to raise the stake. In November 2021, the RBI had allowed promoters to own as much as 26 per cent in a bank."

[udzgodfather]

Adani Enterprises and Adani Ports on the green side of the market today, IMHO price movement of Adani's Enterprises and Ports is operators gameplay, other companies of Adani are not seeing much volume at all. Chances are he himself could have shorted the companies to make up the lost capital from FPO and will re-route the capital from Foreign companies.

Adani will claim that the downfall was because of the reports released. Investors trust our companies that's why the prices of the shares are back to there original level and he will end up having more money than the FPO itself.
*Typing from mobile, apologies for any mistakes*

[Sebring]

When Cadbury landed a can of worms, Amitabh Bachhan came out in every media and said they're absolutely safe to consume and pointed out the steps taken to ensure just that. So celebrity endorsement could be one way.

Originally Posted by warrioraks

I was also wondering what could be a good way for Adani to re-build the trust and confidence with his investors

[NH08]

In all this chaos, got my hands on Adani Ports at 400 today, the only company in Adani stable with a decent PE ratio. Now, keeping a watch on Adani Wilmar and Power. Hope these also become attractive enough.

Thank you Mr. Hindenburg.

[warrioraks]

Originally Posted by Sebring

When Cadbury landed a can of worms, Amitabh Bachhan came out in every media and said they're absolutely safe to consume and pointed out the steps taken to ensure just that. So celebrity endorsement could be one way.

That’s already being done. Post 282 (US-based firm Hindenburg alleges Adanis are pulling the world's largest con in corporate history) on this thread.