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Adani-Group
Adani Stocks: What’s The Further Downward Risk?
From a peak of Rs 24.33 tn (Rs 2,433,000 cr) last year Adani group’s market capitalization has already nose-dived more than 70% to Rs 7.16 tn (Rs 716,000 cr). Is this the end of the slide, or is it going to fall further? A close study of the Adani group stocks reveals that, in the first decade during which the group had just one listed company, Adani’s P/E multiples were in single digit which was far below the market average. In the second decade, when the group started unlocking the value of its closely-held companies, the discounting vastly improved.  In the third decade, when the count of the group’s listed entities increased from 3 to 10, the P/E multiples shot up to three digits which were many times more than the market average. The current slide has corrected the group’s P/E from 147X to 43X. However, this is still far higher than the current market composite P/E of 25X. At the current market composite P/E, the Adani group’s market cap should be about Rs 4.2 tn (Rs 420,000 cr). In other words, the group’s market cap may possibly contract another 40% (about Rs 300,000 cr) under the present circumstances. By arrangement with https://investlive.net/.
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Preoccupation With Adani Issue Robs Cong Session Of Any Focus, Agenda
For all the hype about celebrating Bharat Jodo Yatra somehow there is no enthusiasm for the upcoming 85th AICC plenary session at Raipur among Congress leaders. No, it has nothing to do with the ED raids on Chhattisgarh Congress leaders. It is because party leaders feel the Congress is not able to set a strong political narrative and is forever getting bogged down in responding to the agenda set by PM Narendra Modi. Party sources feel there are so many issues affecting the common man but the Congress got trapped into focussing on just one issue – the Adani Group. It was perhaps just as Modi wanted.  “We have wasted an entire Parliament session on Adani. Our AICC session will also be lost in the haze of the Hindenburg report. It is possible that there will be no substantial message from the plenary for the cadres,” observed a Congress leader from South. Besides, there is no clarity if elections would be held for 50% of positions in the Congress Working Committee – that is for 12 positions in the policy making body. “It will all depend on what is decided at the steering committee meeting on February 24,”says a party leader. Predominance of the Adani issue has also hit the drafting of AICC resolutions. That is, subjects committees for various resolutions did not even meet once to finalise resolutions.
Rahul Gandhii
Rahul Gandhi Uses Lok Sabha Floor To Make Libelous Charge Against Adani, Rail Against PM Modi
After stalling Parliament for a few days over the Adani controversy, the Congress finally got back to work on January 7. Rahul Gandhi took the Lok Sabha floor to make allegations linking PM Modi to billionaire Gautam Adani, perhaps hoping he would be spared legal consequences. An MP enjoys the privilege to speak freely and what is spoken inside the House is not liable for any scrutiny. Oddly, Rahul’s speech did not evoke much response by way of cheering or thumping of desks even from Opposition benches as states like West Bengal and Tamil Nadu have projects that are being executed by the Adani Group. But then so do Congress ruled states like Chhattisgarh and Rajasthan. He wanted to know how Adani’s net worth had increased from $ 8 bn to $140 bn between 2014 and 2022; how the businessman had gone from 600th to second rank when the BJP came to power in 2014. He wanted to know from Modi “How many times did Adaniji join you later on your foreign trip? How many times has he reached you after you landed in a foreign country?”. He also asked how much money Adani gave to the BJP in the last 20 years. He seemed most upset that GVK-GMR, who controlled airports under the UPA era, were forced out using agencies like ED and I-T. Six airports including the Mumbai airports were” handed over” to Adani after 2014.
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Dharavi Redevelopment On The Horizon, May Take 7 Years To Complete
The ambitious Dharavi Redevelopment Project (DRP) appears to be finally taking off after official procrastination of over three decades to launch it. The estimated time to complete the massive scheme is around seven years. Bids for DRP have been submitted by three giants – DLF, Adani and Naman. This was in response to a tender published by the state government on October 1. Soon, the technical bids will be examined. The next step will be to open financial bids. Officials feel that it will be possible to wrap up the bidding process by the end 2022. Actual working on the project can start early next year. According to previous projections, the DRP would have cost around Rs.23000 crore. However, now the picture will be clear only after financial quotations are examined. The DRP’s highlight is rehabilitation of nearly 68,000 families by offering each a minimum of 400 sq ft apartment. In return, the developer will be able to exploit 4 FSI on the land mass admeasuring almost 210 hectares. DRP was originally conceived nearly 30 years ago. It was revised in 2004. Its focus remains resettling about 68,000 families and a large number of commercial establishments already existing for decades. Dharavi is planned to be redeveloped as a counter to the sprawling Bandra Kurla Complex that is almost saturated. Dharavi can pour billions in government coffers if the project is implemented professionally, officials feel.
FC2007097
Are Adanis Using Foreign Route To Acquire Ambuja Cements, ACC In India?
The country’s fastest growing business house of the day, Ahmedabad-based Adani Group, is reportedly entering into the cement business by acquiring two major companies of the Indian cement industry from world’s second largest cement producer, Holcim of Switzerland. The deal is worth more than Rs 50,181 crore. Strangely, none of the India-based Adani Group companies is involved in the acquisition process. Interestingly, the net worth of the so called acquirer of the two large Indian cement conglomerates at the end of fiscal 2022 was less than Rs 20 lakh! To acquire Ambuja Cements Ltd (ACL) and ACC Ltd (ACCL), Adanis have adopted a complex route. The main face of the group, Gautam Adani, does not come into the picture. The takeover process is executed via elder sibling, Vinod Adani, a citizen of Cyprus, a resident of Dubai and Singapore and a director of dozens of companies & trusts spread across many tax havens like Mauritius and British Virgin Islands (BVI). The acquirer of ACL/ACCL is the Mauritius-registered Endeavour Trade and Investment Ltd which is 100% owned by another Mauritius-based company, Xcent Trade and Investment Ltd, which is again 100% owned by Acropolis Trade and Investment Ltd which too is a Mauritius incorporated company. Acropolis Trade is held 100% by Adani Global Investment DMCC, a UAE incorporated company. Adani Global is held 100% by AR Global Holding Ltd, a BVI incorporated company. AR Global is held 100% by another BVI incorporated company Amulya Resources Holding Ltd which is held 100% by Amulya Resources Family Trust, a BVI incorporated trust. By arrangement with https://investlive.net/.
Flemingo_Duty_Free_Shop_T2_0
With Adani Group Taking Over Trivandrum Airport, Duty Free Shops Reopen After A Gap Of Four Years
International travellers flying in and out of Trivandrum Airport in Kerala were deprived of duty free shopping for the last four years. With Adani Group taking over the airport in October 2021, things have changed for the better. The Customs authorities had shut down the duty free shop at the airport on the grounds of illegal sale of alcohol to the tune of Rs 6 crore.  The allegation was that the then Malaysia-based operator, Max Plus, was diverting foreign liquor meant for sale at the airport to the black market. Max Plus was using travel documents of passengers passing through Trivandrum without their consent for the illegal sale. Even after four years, the Customs Authorities and the then operator, Airport Authority of India (AAI), were least bothered to hasten the investigation and reopen the duty free shop. Adani on the other hand meant business. After all, the group paid Rs 476.10 crore to earn the right to operate Trivandrum Airport. They immediately got the Customs NOC to reopen the duty free shop with a new partner, the Dubai-based Flemingo. In fact, Flemingo also operates the duty free shop at Colombo’s Bandaranaike International Airport. With the footfalls expected to increase manifold, the Adanis are out to make a handsome packet. Incidentally, Adani is also the operator of the Vizhinjam sea port at Trivandrum.
HLL LIFECARE
Adani, Piramal In Race To Acquire Union Govt Stake In HLL Lifecare, Declined Kerala Govt May Decide To Play Unfair
The Rs 5,138-crore HLL Lifecare (formerly Hindustan Latex) headquartered in Thiruvananthapuram, Kerala is attracting many suitors. This follows the Government of India’s November 14, 2021 decision to hive off its entire stake in HLL Lifecare. Around seven suitors including the Adani Group, Piramal Healthcare, two Kerala based companies advised by two former CMDs of HLL Lifecare, a fund besides NRIs. HLL Lifecare, which started as a condom manufacturer sold under the brand name Moods, is today a health care company in the truest sense. It has a Pharma business, makes medical devices, runs diagnostic centres, manufactures sanitary napkins and blood bags etc. The company has seven factories, four in Kerala and one each in Belgaum, Manesar and Indore. Today the company operates 220 pathology labs, 47 imagery centres, six labs under the Hindlabs brand and 253 pharmacies across India. Both Adani and Piramal are keen to acquire it. The cash strapped Kerala government, however, could play spoilsport since it wants to take over the company although its offer was declined. The company’s turnover jumped three times from Rs 1739 crore in 2019-2020 to Rs 5138 crore, the profit marginally lower than the previous year. The jump in turnover was a result of enhanced non-core activities including huge purchases and supplies of Covid vaccines, surgical masks and gloves for various State Governments and hospitals.

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Editor’s Note: Short Post Noticed By People Who Matter

Four years have zipped by and we are crossing another milestone on 31st January 2025 – it’s our 4th Anniversary. It feels good.
Looking back at the 1460 days, I must say Short Post has made its mark with people who matter via 4000 stories published in the areas of politics, business, entertainment and sports. All made possible by the unflinching commitment and dedication of our senior editors, most of whom have been part of this journey from Day One.
Small pack, big impact is in essence the story of Short Post which was launched at the height of the Covid-19 pandemic in 2021. It shows our conviction. In all humility, I can say, we have created a new niche in the news segment space like Hindustan Unilever which created a new segment, when it launched CloseUp Gel.
Yes, we have created a brand (in a limited sense), created demand (readers) and created supply (senior journalists). But we are facing teething problems like all start-ups. What makes us happy and confident is the recognition of our efforts. For instance, we have an arrangement with the OPEN Magazine, part of the $4.5 billion Kolkata-based Sanjiv Goenka-RPG Group. This arrangement sees around 10 Short Post stories posted on OPEN Magazine website every week. This arrangement is testimony that our content has been well received! Also, I may add that the Maharashtra government has recognised Short Post and has allowed our senior editor to cover the Assembly sessions. Ditto: Odisha.
Our goal is to ensure that Short Post becomes a habit. I would like people to keep checking their smartphones to know the latest Authentic Gossip. As regards AI and the fear of it disrupting all businesses including media. On that, personally, I have no such fear as I am confident AI cannot smell news particularly Authentic Gossip. That’s the place we are well entrenched.