Indian Economy: News and Discussion

[Cheepek]

Adani pledges the shareholding of recently acquired ACC & Ambuja. Meaning he will take new loans against the pledging and then go on buying more companies. Then pledge those shares to buy new companies. Doesn't it look like a Ponzi scheme

He pledged shares to take loan from which bank?

 

[Kumata]

He pledged shares to take loan from which bank?

MUMBAI : Billionaire Gautam Adani pledged his entire stake in Ambuja Cements Ltd and ACC Ltd, worth as much as $12.5 billion, to foreign banks to fund his family’s $6.5 billion acquisition of the two cement makers.
The family’s 63.15% stake in Ambuja Cements and 56.69% in ACC (of which 50.05% is held through Ambuja Cements) have been pledged by Adani Group, filings made to BSE on Tuesday by Ambuja Cements said. On 16 September, the Adani family completed the acquisition of Ambuja Cements and ACC from Holcim India, making the group India’s second-largest cement maker after Ultratech Cement Ltd.
The transaction was funded by loans worth $4.5 billion from 14 international banks. Barclays Bank Plc and Deutsche Bank AG acted as advisers to the Adani family, with Standard Chartered Bank as the structuring adviser.

Adani  pledges  entire Ambuja,  ACC  stake to fund  $6.5  bn  deal

Currently, Ambuja Cements and ACC have a combined installed production capacity of 67.5 mtpa

www.livemint.com

 

[Cheepek]

Deutche bank Hong kong branch

So it's a foreign bank, then why are we so worried

 

[LondonParisTokyo]

Lumpy virus

Our dairy sector is taking massive hit.

So this is an endemic like thing going on in India, which is getting either no or little attention from online or any media, only PM and some CM's are giving attention to it, there have been thousands of deaths in one state alone when I talk about thousands means nearing 80 to 90, the figures could go to lakh's even just for an state and this problem is for many states, it is now reaching central India also.

In Indore district all cattle market's are closed and sale has been banned.
And Milk rates been raised by ₹4 in just one month by local vendors due to shortage and this virus.

This needs a vaccine like yesterday, there are some ayurvedic treatments which are working a bit but not fully.
__________________________

#WATCH | This is a serious issue and we will be fighting against it, just like the way we fought against COVID-19. We will save the lives of animals: Madhya Pradesh CM Shivraj Singh Chouhan on lumpy virus disease.

Explained | What is lumpy skin disease in cattle? Does it affect milk we consume?

The viral infection has killed nearly 75,000 cattle in India and spread to more than 10 States and UTs, hitting Rajasthan the worst

www.thehindu.com

Lumpy virus is a bioweapon. People have realized that they can engineer viruses to do whatever they want. I haven't figured out how to counter this. I'm 10000% serious. Indian government is behind and just giving "lip service". The only solution is to find bioweapons factories and destroy them.

 

[Star screamer]

the more i read abt adani from forum members and doing my little research (i have no knowledge regarding markets economics ) the more i am getting worried abt i just hope it proves everyone wrong
Otherwise our economy will suffer

 

[notaname]

Lumpy virus is a bioweapon. People have realized that they can engineer viruses to do whatever they want. I haven't figured out how to counter this. I'm 10000% serious. Indian government is behind and just giving "lip service". The only solution is to find bioweapons factories and destroy them.

There is an vaccine developed and more work is being done, that's why I pointed out only PM and some CM's are paying attention to it. PM have told in one of his speech about this.

ICAR develops vaccine for Lumpy Skin Disease in cattle

As of August 8, the disease has spread to Rajasthan, Gujarat, Punjab, Himachal Pradesh, Andaman & Nicobar and Uttarakhand

www.thehindu.com

 

[Kumata]

So it's a foreign bank, then why are we so worried

Apologies, It;s a consortium of 14 banks..

 

[Anibesh acharya]

Some points to look regarding Adani

net debt to Ebitda ( Earnings before interest, taxes, depreciation, and amortization ) ratio declining to 3.2 times from 7.6 times in the last nine years.

EBITDA has grown 22% CAGR in the last 9 years and debt has only grown by 11% CAGR during the same period

While loans from public sector banks in 2015-16 accounted for 55% of all debt of the group firms, in 2021-22, borrowing from PSBs made up for 21% of all debt

In FY2016, private banks accounted for 31% of loans, which has now shrunk to 11%. Money raised through bonds has jumped from 14% of all loans to account for 50% now.

 

[Kumata]

In FY2016, private banks accounted for 31% of loans, which has now shrunk to 11%. Money raised through bonds has jumped from 14% of all loans to account for 50% now.

Curious .. Who owns these BONDS ...

 

[Anibesh acharya]

Curious .. Who owns these BONDS ...

Global investment companies .

 

[Kumata]

Global investment companies .

Looking at reports, IMO they are heavily borrowing from domestic bonds market as well...I could not find any exact data as who is the Lender ..

 

[Suryavanshi]

Saw people arguing that Elon is league above Adani as he is a innovator. I do not find any substance in this argument.
His dad had a private plane a ruby mine that made him millions each year. Adani was son of some common mooks with his brother foraging into a niche business sector.
Elon made his rise by acquiring and managing companies like ZIP2 and he did not make pay pal like they say he was onboarded much later.
He did his fair share of strong arming where he worked and his colleagues at the time said so too, so he is anything but a nice guy. You cannot be nice guy in business specially here in India where there are several hyenas out to get you in your nascent stage.
Tesla he bought from another CEO that went bunk.
Space X is itself built on Vertical Integration which he said so himself and he continues to do vertical integration even now.
Elons shares are bloated as well.
Elon too enjoys cotton glove treatment from the gov.
I do not hate on elon and I do not see a reason to hate on Adani too. On hindsight Adani seems way more humble in baground an actual nothing to everything.

Our socioety is full of pajeet thats the problem.
Adani has taken risks and made outlandish moves that the common estrogen sniffing Pajeet cannot fathom so he lashes out of his insecurity.
Adani > Every Sarkari Leech.

Its like seeing people hating on david for fighting golaith.

 

[Suryavanshi]

it does not make sense to hate on a guy who pushes his limits.
Its like society of fat people laughing at a nigga working out and sweating the fat.

don't be like those retarded western communists with I phone and a degree lesbian dancing theory.
life is short do you always want to live as the victim

 

[Abdus Salem killed]

it does not make sense to hate on a guy who pushes his limits.
Its like society of fat people laughing at a nigga working out and sweating the fat.

don't be like those retarded western communists with I phone and a degree lesbian dancing theory.
life is short do you always want to live as the victim

I don't hate the guy but you just have to be cautious around the super rich they have a knack for screwing the poor
Don't hate on him but he cautious don't want another Vijay Malaya

 

[sauntheninja]

Lumpy virus is a bioweapon. People have realized that they can engineer viruses to do whatever they want. I haven't figured out how to counter this. I'm 10000% serious. Indian government is behind and just giving "lip service". The only solution is to find bioweapons factories and destroy them.

If you are pointing at one country which could have made this Bioweapon similiar diseases are killing a lot of farm animals in China as well

UPDATE 1-Chinese poultry farmers in coronavirus stricken province destroying birds

* Transport restrictions hit farms in province at core of outbreak

www.reuters.com

Science | AAAS

www.science.org

 

[jadoogar]

Someone plz summarize adani and his ambitions some says he is a scamsters who will flee to uk some says he is doing good work

I don't know much to comment.

However, on the question of pledging his shares - holdings can be pledged only once... so no Ponzi here... though there is a risk of a sort of margin call ... if the stock price drops, then does his loan get called or is it based on operating metrics of the particular company. If the latter, then presumably no issues

 

[NutCracker]

US Fed Rate Hike: US Federal Reserve delivers big rate hike, sees another large move higher this year | International Business News - Times of India

International Business News: The US Federal Reserve raised its target interest rate by three-quarters of a percentage point to a range of 3.00%-3.25% on Wednesday and signaled mor

timesofindia.indiatimes.com

brace yourself boys.. rupee surely will stabilize beyond 82 . FinMin clowns cant keep burning forex like this.

 

[dfcool]

We found raghuram rajan replacement

 

[NutCracker]

We found raghuram rajan replacement

firse apology mangega 10 saal bad , if this guy lived to see himself proved clown again.

 

[Vinash]

Our socioety is full of pajeet thats the problem.
Adani has taken risks and made outlandish moves that the common estrogen sniffing Pajeet cannot fathom so he lashes out of his insecurity.

Crux of the matter!

Pajeets who like to play it safe can't digest the fact that an Indian can be so aggressive when it comes to business expansion.