Skip to main content

Adani saga and my personal views.


IMHO,before adversely or favorably commenting on any business group on SocialMedia, all shd make disclaimers that they have not profited from their exposure directly or indirectly thro MFs etc w.r.t that Group of Cos.!!!

How do you say crony capitalism in India, when the biggest loss making Public Sector enterprise Air India was sold to Tatas?or becoz Marxist Communist party ruling Kerala wants Adani to complete the port project in Kerala?or becoz Mamata has givena project to Adani in west Bengal?

Even though I agree that alleged stock manipulation &violations accusations  are against Adani and not on India, but why #Hindenberg report says India's capital markets r in broken state and that journalists r murdered or imprisoned for writing against country's businessmen. Is it not attack on India? See below



H report saying this with a judgmental tone and spreading fake info as if India has slid on civilized capitalist culture has not gone down well with many neutral observers H report also screams this alleged Adani scam is  "Biggest con in history". Had Hindenberg brought out a report after 2 months of research against FTX crypto Sam Bankman Fried before his ponzi scheme collapsed I would have appreciated the title "biggest con in history" as appropriate since this real scam happened right under Hindenburg's nose in USA ! Yet, Nobody is questioning why Hindenburg wants to short sell Adani shares and why their motive to profiteer thro this report is not questioned?

I have a strong suspicion that the profits from this short selling could round trip back to India for funding General elections expenses of Opposition in India.
Sebi in its wisdom can bring in Additional Surveillance Measures probably when PE ratios of particular co.shares,exceed threshold limits ,similar to the one it brings in when share prices crash leading to excess volatility
This is only good news as this confirms he has repaid US$1.1 billion loan- whether due to Margin call or not.Nobody has denied his repayment of loan.Only if had evaded and had taken flight to UK,you can accuse him.Don't ridicule if someone repays or prepays his loan.
 Adani's financial problems are only pertaining to Overleveraging where Debt to EBITDA ratio is more than 3 and his Debt Service Coverage Ratio is less than 3. As per Rating Agencies and Banks there are no Short Term Cash problems as Major Loans are maturing only in late 2024 or in 2025.



Comments

Post a Comment

Popular posts from this blog

India's Semiconductor play-now only semi-final!

India's Semiconductor Manufacturing in 2026–2030: PLI Impact, Global Standing, and AI-Era Policy Needs How India's PLI scheme is building semiconductor capacity, what it means for global supply chains, and what government must do next as AI demand reshapes the industry. 14 min read Modern semiconductor fab with Indian innovation flags and growth trajectory Semiconductors-Policy in India India's PLI scheme commits $10 billion to build semiconductor manufacturing capacity over 5 years, with TATA and Micron fab projects expected to deliver 1–2 million wafers monthly by 2027. By 2030, India could claim 2–3% of global semiconductor production - a major jump from today's <1%, though still far behind Taiwan and South Korea. Geopolitically, this matters: as supply chains de-risk away from Taiwan and China, India becomes a critical third hub for mature-node and memory-chip manufacturing. However, success hinges on three critical gaps the government must address. First...
Post a Comment
Read more

Why Indian Rupee is falling steeply against US dollar?

  The Indian Rupee recently crossed the 97 mark against the US Dollar, and it doesn't seem to be slowing down. If you've been tracking exchange rates or planning a trip abroad, you've probably felt the pinch. Everything from imported electronics to cooking oil is getting more expensive. And your money just doesn't stretch as far as it used to. This isn't a one-day blip. The rupee has been on a steady downward slide for months, and the reasons go deeper than most headlines suggest. It's a mix of what's happening inside India's economy and what's happening across the globe. Trade deficits, foreign investors pulling out money, rising oil prices, the US Federal Reserve keeping interest rates high — all of these are pulling the rupee in the wrong direction at the same time. In this post, we'll break down the key domestic pressures weighing on the rupee and the global forces making the US Dollar stronger. We'll also look at what the Reserve Bank ...
Post a Comment
Read more

How to prepare for the consequences of Iran war

  The COVID-19 pandemic has taught us valuable lessons about resilience in business. One key takeaway is the importance of conserving cash and other resources that may become scarce during challenging times. Businesses must prioritize financial prudence to sustain operations and navigate uncertainties effectively. This approach not only helps in weathering immediate crises but also positions organizations for long-term stability and growth. Reflecting on these lessons can guide future strategies and enhance preparedness for any unforeseen events.
Post a Comment
Read more