India

[Spekulatius]

This perhaps could deserve its own thread but HDB (HDFC bank) looks interesting according to this writeup from valuepunks :

https://valuepunks.substack.com/p/hdfc-bank-an-update
 

I don’t know much about Indian banks, but HDB stock does look like a decent opportunity.

[Xerxes]

2 hours ago, Haryana said:

 

This is from your most trusted news agency = Al Jazeera.

 

"Qatar has released eight former Indian naval officers previously sentenced to death on charges of spying for Israel."

 

https://www.aljazeera.com/news/2024/2/12/qatar-releases-eight-ex-indian-navy-officers-after-commuting-death-sentence

 

My most trusted source … lol. 

you got to be kidding me. 
 

[Munger_Disciple]

From a slightly more trusted source (FT):

 

https://www.ft.com/content/18a264f6-2205-47fa-88f3-4f351edfc01e

 

[Xerxes]

30 minutes ago, Haryana said:

 

Of course, kidding but for some reason or maybe it was only the second paragraph that you loved so much.

 

 

 

 

I think we are talking pass each other. or I am not getting the subtle jabs. 
 

Like it or not, the media in India has tons of propaganda and biases, like everywhere else.
 

Qatar’ Al Jazzera has its own agenda: the soft power of Qatar making waves against its rivals. 
 

Where the difference is that WION (or whatever is called) and the likes of it are there to “influence” the thinking of the domestic audience. In contrast, Qatar is an absolute monarchy. So they are in little need of local domestic brainwashing. So the intended audience is outward and they are more subtle. And more factual given their fractured foreign audience. 
 

Have you noticed that all (or most) of the English speaking hosts/journalists in Al Jazeera speak with the English accent. To capture the BBC aura, which is a global outlet. 
 

By the way, Modi is not perfect. Perhaps he is the leader that India needs at the moment but he is not infallible. And I realize I cannot be saying these things. 

 

And since you asked: I enjoy brainwashing myself on a weekly basis with The Economist. I read and watch a lot, but the subtle but yet decisive influence in my thinking comes from The Economist. 

 

[Xerxes]

2 hours ago, Haryana said:

 

 

 

The two of them make a great couple !

[Hektor]

https://fortune.com/asia/2024/03/01/byju-raveendran-byjus-downfall-valuation-shareholders-ceo/

 

 

Quote

He was the billionaire founder of India’s most valuable startup. Now that his firm has lost 95% of its value, shareholders of Byju’s, the edtech firm that was once India’s most valuable startup, did what once would have been unthinkable: They voted to oust founder and one-time billionaire Byju Raveendran as CEO, accusing him of mismanaging the online tutoring company into a downward spiral that has nearly stripped it of its unicorn status and made it India’s quintessential pandemic-era flameout. 

 

Audited financials by Deloitte cast doubt on its past claims of supersonic growth. It clashed with lenders who, in September 2023, claimed that Byju’s had hid half a billion dollars in a hedge fund that was once registered at a Miami IHOP. Its auditor quit last summer, as did three board members representing Byju’s investors Sequoia Capital India, Chan-Zuckerberg Initiative, and Prosus. And Byju’s first-ever CFO, who was supposed to steer the startup through financial tumult, resigned in October after six months on the job.

 

 

[ICUMD]

12 minutes ago, Hektor said:

https://fortune.com/asia/2024/03/01/byju-raveendran-byjus-downfall-valuation-shareholders-ceo/

 

 

 

 

Sounds like the  WeWork fiasco.

[Hektor]

This seems to have a cascading effect 

 

Quote

Byju’s financial and regulatory woes have spooked foreign investors who are the primary source of funding for India’s startup ecosystem, the third-largest behind China and the U.S. Last year, funding for Indian startups reached its lowest level in five years, according to Tracxn, an intelligence provider. As of Dec. 6, Indian tech startups had received $7 billion in funding for 2023, a 72% drop from 2022. Investing in startups is down globally, but not as sharply; U.S. startups garnered 30% less funding in 2023 from the year prior. Byju’s distress has weighed on India’s edtech industry in particular. The sector received $712 million in funding in 2023, down from $2.9 billion in 2022 and $5.3 billion in 2021. Since schools reopened in 2021, demand has plummeted, causing startups to lay off workers or shut down completely.

 

[Spekulatius]

4 minutes ago, Haryana said:

 

They let the failing companies fail in their version of capitalism.

No ZIRPing or bailouts.

 

Startups fail in the US as well without much fuss. It’s the legacy companies with a vast economic infrastructure around them that tends to get help.

[Haryana]

 

 

[Hektor]

https://www.thehindu.com/news/national/karnataka/air-india-and-bial-sign-agreement-to-make-bengaluru-premier-aviation-hub-of-south-india/article68042257.ece

 

Air India and BIAL sign agreement to make Bengaluru premier aviation hub of south India. 
 

This includes strengthening the group’s presence at Kempegowda International Airport (KIA) through an enhanced network and establishing a dedicated domestic lounge for premium and frequent travellers of Tata Group airlines Air India and Vistara.

 

 

[Spekulatius]

Noticed that a couple of documentaries about Modi dropped. I found this one from Bloomberg quite good. In a nutshell, it seems to me that Modi is a Hindu populist who actually delivers for most of his constituents and that’s why he is so popular:

He is probably the most important politician in India after Gandhi.

Edited May 18, 2024 by Spekulatius

[Hektor]

Also this.

 

https://www.nytimes.com/2024/05/18/world/asia/muslims-india.html

[Dinar]

15 minutes ago, Hektor said:

Also this.

 

https://www.nytimes.com/2024/05/18/world/asia/muslims-india.html

You mean the Muslims in India are treated the way Muslims treat Christians and other minorities in Muslim majority countries?  Actually, Christians and other minorities in Muslim majority countries can't even dream of being treated the same way that Muslims are treated in India.  How are Christians and Zoroastrians and Bahai of Iran treated?  Christians of Iraq?  Christians of Lebanon and Egypt?  You cannot build a church in Saudi Arabia.  How are Christians treated in Chechnya?  

[Hektor]

I intend to mean nothing. I came across the NYT article, thought that painted another side of recent India, and felt others might be interested in reading it. 

[Haryana]

Democracy: India vs Germany 

 

 

[Hektor]

https://www.bloomberg.com/opinion/articles/2024-05-26/modi-s-india-state-owned-companies-are-outperforming-private-firms

 

India’s State Sector Is Thriving. That’s a Problem

The fact that government-owned companies are outperforming private firms is nothing to celebrate. 
 

 

[whatstheofficerproblem]

On 5/18/2024 at 7:14 PM, Dinar said:

You mean the Muslims in India are treated the way Muslims treat Christians and other minorities in Muslim majority countries?

 

Umm no they are not. If that was the case, muslims would not have become the second biggest majority in India, Muslims also have the privilege of their own personal law board shielding them from the IPC (Indian Penal Code) & guess what, the Waqf Board of India, which is a literal islamist organization is the second biggest land owner after the Indian govt. They literally own 70% of Delhi! The propaganda against India to make it seem like a fascist state is so laughable.

 

@Hektor totally understand, just saying that the western media incredibly loathes India for not being an American puppet, most of what they post about the country is blatant misinformation.

 

Please compare the birthrate/population growth of Muslims in India vs. the population of Hindus, Sikhs, Parsis, Jains, Buddhists & even Christians in the neighboring countries, they have a very insidious scheme.

 

Being called strangers in their own land after owing land only less than the govt and having partial 'Sharia' which they dream about in EU is disingenuous.

Edited May 29, 2024 by whatstheofficerproblem

[Hektor]

https://www.wsj.com/world/india/to-understand-indias-economy-look-beyond-the-spectacular-growth-numbers-31f5dd11

 

To Understand India’s Economy, Look Beyond the Spectacular Growth Numbers

Economists are trying to gauge the Indian economy’s true strength, as several weak indicators tell a different story than the headline numbers

[Hektor]

https://www.bloomberg.com/news/articles/2024-06-01/initial-india-exit-polls-show-modi-s-party-set-for-majority-win

 

Early India Exit Polls Show Modi Set for Another Big Win

Several exit polls show BJP-alliance winning majority. Official results scheduled for release on Tuesday, June 4

 

"A win for Modi would be historic: no prime minister since Jawaharlal Nehru — who ruled India for 17 years after independence — has managed to secure three consecutive terms in power."

 

Nehru was the first prime minister of India.

 

[Gamecock-YT]

On 6/2/2024 at 7:30 AM, Hektor said:

https://www.bloomberg.com/news/articles/2024-06-01/initial-india-exit-polls-show-modi-s-party-set-for-majority-win

 

Early India Exit Polls Show Modi Set for Another Big Win

Several exit polls show BJP-alliance winning majority. Official results scheduled for release on Tuesday, June 4

 

"A win for Modi would be historic: no prime minister since Jawaharlal Nehru — who ruled India for 17 years after independence — has managed to secure three consecutive terms in power."

 

Nehru was the first prime minister of India.

 

 

 

[Hektor]

[Hektor]

So much for the accuracy of the exit polls 

[Gamecock-YT]

Kohli with a golden duck was quite impressive. If the US beats Ireland and they are shockingly into the Super 8 and guarantee themselves a spot in the 2026 world cup. 

Edited June 13, 2024 by Gamecock-YT

[whatstheofficerproblem]

3 minutes ago, Gamecock-YT said:

US beats Ireland

 

You mean the India H-1B team.