A disclaimer is in order before I venture into the rest of this piece. These days, any hack of standing has to begin with a disclaimer to show that he is someone to be reckoned with, that his background is of interest to his readers, that he is pure as the driven snow, and that… Read More Avay Shukla: Of puppets, surrogates and the real Mccoy : a ‘crash’ course on the Indian stock market
J Jagannath US short seller Hindenburg Research fired another salvo at Adani Group and it involves Vinod Adani, the elder brother of Gautam Adani. “Forbes is out with a major article evidencing hidden Adani promoter pledges: A private Vinod Adani-controlled Singaporean entity pledged Adani promoter stakes for $240m in loans from a Russian bank. Zero disclosure of these… Read More Hindenburg alleges Gautam Adani’s brother pledged Adani Group promoter stakes for $240-mn loans from Russian bank
Bharat Bhushan If Adani was allegedly just another rogue businessman, a discussion in the Parliament and the institution of a transparent inquiry into allegations of market manipulation should have been the order of the day. However, the demand for an enquiry was stamped down in Parliament by the power of the presiding officers last week.… Read More Censoring debate in Parliament will not help the government
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Bharat Bhushan Narendra Modi’s blame avoidance has been made possible not only by his oratorical skills, but by televised proceedings of Parliament. Live-streaming allows soap-box oratory to supplant accountability Prime Minister Narendra Modi refused to address in Parliament the controversies and allegations surrounding businessman Gautam Adani’s meteoric rise and, now, his perceptible decline. By removing… Read More A masterclass in blame avoidance
Raksha Kumar Adani Watch is a unique news organisation. Its only goal is keeping tabs on an Indian conglomerate from outside the country. There are three reasons for this. The first one is the crisis in business journalism. “Business journalism in India is not investigative. It is mostly reliant on information leaks,” says Seshu from… Read More Indian business journalism in crisis
the Enforcement Directorate, the Central Bureau Investigation and the Serious Fraud Investigation Office are silent. The overwhelming signal that the Adani imbroglio sends to international investors is that India lacks effective regulatory mechanisms. Bharat Bhushan The Indian government will not remain untouched by the slide of Gautam Adani. This is evident from the video appearance… Read More Will India remain untouched by the slide of Adani?
Opposition parties on Sunday stepped up their attack on the Modi government over the Adani issue, with the Congress alleging that its “silence smacks of collusion”. Ahead of the party’s planned nationwide protests on Monday, Congress General Secretary (Communications) Jairam Ramesh said they will pose three questions a day to Prime Minister Narendra Modi over… Read More Opposition raises pitch on Adani issue; Congress to launch nationwide protests on Monday
THE NEW INDIA WHINING This last fortnight has not been a good one for the BJP or its bhaktiveers, even if we discount the irony of an autocratic despot being invited as the Chief guest at our Republic Day function. One would have expected that the wiseacres of MEA would, in between rejecting assorted documentaries… Read More Avay Shukla: A week of conspiracies, nationalism, and delusions
The upheaval rocking the Adani business empire is one of the dramatic global developments of the last week. I was delighted that The Wire saw fit to pick up and republish Chartbook #190. I’ve long harbored a secret ambition to join the ranks of the Wire-wallahs. Cam and I also featured the Adani story on the Pod… Read More Adam Tooze: Indian nation-building, Modi and Adani / Mihir Sharma: What Worries Indians About Adani’s Empire
After the truth-shower 