Haryana Posted January 24 Posted January 24 8 hours ago, Spekulatius said: 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. Nothing to disagree there, article has covered a lot on the risks and opportunity. Another wise guy said the growth of Indian economy means growth in banks. HDFC is the largest bank of India and also among the top 10 in the world.
Haryana Posted February 10 Posted February 10 https://edition.cnn.com/2024/02/08/business/india-adani-hindenburg-report-aftermath-intl-hnk/index.html India’s Gautam Adani rebounds from Hindenburg attack with return to the $100 billion club [ A year on, Adani appears to have bounced back. Analysts are even saying the billionaire can give himself a pat on the back for the way he handled the crisis. “The group has done exceptionally well on various fronts since the Hindenburg report,” said Manish Chowdhury, head of research at brokerage StoxBox. “It is now better managed and they have learnt quickly from their mistakes and handled the media glare well.” Shares in most of Adani’s 10 listed firms have rallied this year, with some touching record highs recently. On Thursday, his wealth once again crossed the $100 billion threshold, according to the Bloomberg Billionaires Index. ]
Haryana Posted February 12 Posted February 12 On 12/7/2023 at 9:20 PM, Xerxes said: thanks. I ll try to listen to it in the coming days. understandably it is a YouTube channel and they get clicks by having outrageous video titles. 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
Xerxes Posted February 12 Posted February 12 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 Posted February 12 Posted February 12 From a slightly more trusted source (FT): https://www.ft.com/content/18a264f6-2205-47fa-88f3-4f351edfc01e
Haryana Posted February 13 Posted February 13 3 hours ago, Xerxes said: My most trusted source … lol. you got to be kidding me. Of course, kidding but for some reason or maybe it was only the second paragraph that you loved so much.
Xerxes Posted February 13 Posted February 13 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.
Haryana Posted February 15 Posted February 15 On 11/10/2023 at 4:46 AM, Xerxes said: Meanwhile looks like Modi is scrambling to save face with Qatar government after its sailors were caught spying. The eight are facing the death penalty. https://asia.nikkei.com/Politics/International-relations/India-lobbies-for-8-nationals-facing-death-penalty-in-Qatar but worry not a local YouTuber says it is masterstroke by Modi. Came up first on the search engine.
Xerxes Posted February 15 Posted February 15 2 hours ago, Haryana said: The two of them make a great couple !
Haryana Posted February 15 Posted February 15 2 hours ago, Xerxes said: The two of them make a great couple ! You may be exposing your bias which might be a compromise of objectivity.
Haryana Posted February 18 Posted February 18 SO WHERE IS THE BEST PLACE TO START A BUSINESS IN 2023? https://www.gemconsortium.org/file/open?fileId=51377 " Outside of the Gulf, India has a rapidly improving environment for entrepreneurship, as do Lithuania and China. Each may offer a relatively low-cost supportive environment in which to start a new business. " "The United Arab Emirates retained (and extended) its position at the top of the NECI league table, ... However, a handful of well-developed, high-income economies in Europe and North America saw their NECI scores slip from sufficient to less than sufficient in 2023, including Canada, the United States, Sweden, Norway and Germany." 99.pdf
Haryana Posted February 18 Posted February 18 17 hours ago, Haryana said: SO WHERE IS THE BEST PLACE TO START A BUSINESS IN 2023? https://www.gemconsortium.org/file/open?fileId=51377 " Outside of the Gulf, India has a rapidly improving environment for entrepreneurship, as do Lithuania and China. Each may offer a relatively low-cost supportive environment in which to start a new business. " "The United Arab Emirates retained (and extended) its position at the top of the NECI league table, ... However, a handful of well-developed, high-income economies in Europe and North America saw their NECI scores slip from sufficient to less than sufficient in 2023, including Canada, the United States, Sweden, Norway and Germany." 99.pdf 78.97 kB · 2 downloads As seen in the above attachment, India and Qatar are among Top Five of National Entrepreneurship Context Index, or NECI.
Haryana Posted February 24 Posted February 24 India Market Value to Reach $10 Trillion by 2030, Jefferies Says Continued reforms to drive economic India growth: Jefferies India market will be ‘impossible to ignore’ for investors https://www.forbes.com/sites/benjaminlaker/2024/02/23/india-to-become-third-largest-economy-by-2027-implications-for-leaders/?sh=180387744fd5 [Jefferies forecasts India’s GDP to reach $5 trillion within the next four years, aiming for nearly $10 trillion by 2030. This fiscal expansion, according to Bloomberg, is supported by an anticipated annual GDP growth rate of 6% over the next five years, surpassing the growth rates of most large economies. The investment firm also predicts significant growth in the Indian equity markets, expecting dollar-term returns of up to 10% over the next five to seven years.]
Hektor Posted March 1 Posted March 1 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 Posted March 1 Posted March 1 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 Posted March 1 Posted March 1 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.
Haryana Posted March 6 Posted March 6 After JP Morgan, Bloomberg index to include Indian bonds https://www.thehindubusinessline.com/money-and-banking/after-jp-morgan-bloomberg-index-to-include-indian-bonds/article67916521.ece “India’s continued emergence as a global financial centre promises to be one of the most significant economic developments of this decade, and Bloomberg is committed to bolstering it by connecting more investors to India,” said Michael R Bloomberg, founder of Bloomberg LP.
Haryana Posted March 6 Posted March 6 On 3/1/2024 at 3:43 PM, Hektor said: https://fortune.com/asia/2024/03/01/byju-raveendran-byjus-downfall-valuation-shareholders-ceo/ They let the failing companies fail in their version of capitalism. No ZIRPing or bailouts.
Spekulatius Posted March 6 Posted March 6 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 Posted March 6 Posted March 6 41 minutes ago, Spekulatius said: 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. Western colonial media will go crazy if that happened in India, will call them cronies and oligarchs.
Haryana Posted March 19 Posted March 19 (edited) RBI action against financial entities, and the bigger picture https://www.cnbctv18.com/finance/rbi-action-against-financial-entities-and-the-bigger-picture-19210821.htm “RBI has been pretty active..and what we are generally seeing is that strong and effective regulatory framework is actually a long-term positive for the financial sector, and for the financial entities- one, from an investor-confidence point of view, and second, for their ability to generate revenues and profits in a risk-controlled manner,” Saswata Guha, Senior Director & Team Head - Financial Institutions, India at Fitch Ratings said. Edited March 19 by Haryana
Hektor Posted April 8 Posted April 8 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.
Haryana Posted April 11 Posted April 11 Adani Group builds world's largest renewable energy park https://www.indiatvnews.com/gujarat/world-largest-renewable-energy-park-now-in-india-five-times-larger-than-paris-adani-group-guajart-khavda-region-all-you-need-to-know-2024-04-11-925811 In a remote area bordering Pakistan, multi-billionaire Gautam Adani's group has built the world's largest renewable energy park in Gujarat's Khavda region, as it has a massive 45 GW capacity to generate electricity largely from solar energy. This area, initially devoid of any infrastructure save for a portable toilet and a makeshift office in a container, caught the attention of Gautam Adani, then the second wealthiest person globally, in December 2022. Despite lacking basic amenities like a pincode and being situated amidst vast barren land, Adani recognized its potential. Initially, the land was barren, with little vegetation due to its highly saline soil and no human settlement nearby. However, boasting the second-best solar radiation in the country after Ladakh and wind speeds five times that of the plains, it presented an ideal location for a renewable energy park. A mere 18-kilometer drive from the airstrip leads to the Khavda renewable energy park, spanning 538 square kilometres, approximately five times the size of Paris.
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