The daughter of Cyril Shroff but his daughter is married to Gautam Adani’s son. Cyril Shroff serves on SEBI’s Committee on Corporate Governance & Insider Trading. If SEBI listens to people and is examining Adani issue, Shroff should not be involved at all, anywhere. more
Adani Ports Investors Panic - Bond yields drop to junk status. Investors anxious over billionaire Gautam Adanis's business empire have sent some of his companies bond yield above 10%, a milestone typically reserved for junk-rated debt. Adani Ports & Special Economic Zone Ltd., which is scheduled to pay a total of $24.7 million in interest on three- dollar bonds are being quoted well into distressed territory. Adani Ports,India's largest private sector port operator with 30% market share - its bond yields have soared since US-based Hidenburg Research's scathing report, well over the 8.5% rate of junk bonds. The US based short seller accused the Adani conglomerate of `brazen' stock manipulator and accounting fraud - allegations that the group rebutted in a 413-page response, but couldnot stem the rout. The business's market capitalization have lost more than $100 billion since the report was published, one of the biggest wipe outs in India's history. The rout worsened after the decision not to go ahead with a follow-on public offer of shares. It has been returning funds to investors that had participated in it. Veteran emerging-market investor Mark Mobius passed on share sale due to concerns over Adani empire's debts. Billionaire Adani, who started as a diamond trader in Mumbai in the 1980s, now helms a conglomerate spanning ports, airports, coal mines, power plants and has more recently diversified into in renewables, cement, realty and media. more
India's public financial institutions are robust. Concerns should not exist from the point of view of financial stability, either for depositors or for policy holders, or for anyone holding shares in these institutions. The stock prices of Adani Enterprises has fallen considerably - these gyrations have little or nothing to do with macro-economy at all. Its the creation of right investment environment, sustaining a well regulated set of financial markets, while making sure that transparency of required quality exists and market functions well, information asymmetry, if any reduced/removed and making sure that government's own macro-economic policy are sound. more
A quick summary of the Sebi interim order on Zee business 'experts' these experts would give stock recommendations and make money with the stock move. Never ever buy stocks based on someone recomme...
We in India talks very long talk on corruption. Matter of fact corruption has increase every Step when you go out of your house and start walking corruption start at lowest level and highest level...
The sale of tickets this World Cup will be one of the biggest scams if investigated! It says SOLD everywhere but there’s obviously no full house as we see it on TV. Wh...
14 oct Ahmedabad, IND v PAK VIP box tickets .. Black market price 1.5 Lakhs !!! Is the Govt permitting these black marketers or they are ok to operate. Where to complain?
NMC says Doctors cannot receive cuts and commissions from labs and chemists. Howevwr I have noticed that in many cases these are opened by Doctora directly or at an arms length operated by a relati...
Rs.2,09,144 lakh crore loans written off by banks in just 1 year. Over 2 lakh crore. Let that sink in But that's not all Remember how the previous govt used to be c...
Gujarat ACB traps District Inspect of Land Record. I suggest district inspector of land records across India must be investigated in a special drive and 90% plus would be corrupt. Also this way the...
So Logix group transferred 261 flats to Mayawati’s brother and his wife at a 45% discount. It was likely bribe to be paid to madamji for doing something illegal be it allotting pub...
Dear Jeep India, You had plans to discontinue the Jeep Compass Petrol models as on May 2023, and in March 2023 you aggressively sale pitched me by sending your Sales Executive to my hous...
By Tarit MOHAN
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