[lioncityftw]

Japanese media dug up more dirty laundry in India...

According to a Nikkei calculation using data from QUICK FactSet,l Adani's liabilities are attributed to 10 of Adani's listed group companies which add up to 3.39 trillion rupees (US$41.1 billion), .  That puts Adani's total debts at 1.2% of South Asian nation GDP.

https://asia.nikkei.com/Business/Compani...an-economy

So this Adani CB kia CECA snake is the one who will bring down India's economy and yet he has the cheek to accuse Hindenburg of doing so. It's a matter of time Adani empire will collapse once the debts piled up and become unsustainable just like Hyflux, LOL. 

So in fact Hindenburg is merely doing its job to sexposed this CECA snake earlier to prevent more harm to India, LOL.

[cityhantam]

https://m.timesofindia.com/business/indi...754950.cms
. 
.

[cityhantam]

围猎亚洲“首富”，美元屠刀血洗印度！
.
.

[debono]

So this Adani CB kia CECA snake is the one who will bring down India's economy and yet he has the cheek to accuse Hindenburg of doing so. It's a matter of time Adani empire will collapse once the debts piled up and become unsustainable just like Hyflux, LOL. 

So in fact Hindenburg is merely doing its job to sexposed this CECA snake earlier to prevent more harm to India, LOL.

Hindenburg has sexposed this CECA in order to prevent further damage to India's image...............

[Manthink]

围猎亚洲“首富”，美元屠刀血洗印度！
.

Interesting view - Didn't know USD and FED high interest rate become a chopping knife on the heavily in-debt Adani group.
Adani's debt exposure is public...only got supported since Modi became PM because US played nice to the South Asian country to gain favor in it global drive to contain China's clout. Sadly  $ still talk and Indian gov is forced to face some reality...What makes Hindenburg's report more damaging is it come at a worst time just as China reverse its Zero-COVID - lightning move that few expected..

Will Indian continue to be a pawn of Western powers?  I think so as India's dependency on US grows..

https://www.globaltimes.cn/page/202212/1282286.shtml

[teaserteam]

U kept posting fake news. ST did not say Adani do this and tt. They just reporting what others said. ST can sue.

[lioncityftw]

U kept posting fake news.  ST did not say Adani do this and tt. They just reporting what others said.  ST can sue.

Not really. Under POFMA laws, even if you repost fake news on your facebook and social media is considered as offence as it means you advocate it's contents, unless the poster specifically puts a disclaimer to distance itself from the article, so you will be taken as advancing it cause. Many people, esp. opposition party members like Lim Tean, GMS already tio this method of POFMA already.

Hence TS is technically still not wrong.

[p1acebo]

Good to work in Temasek. Can lose tonnes of money still can idle and laugh and be contrarian

[Manthink]

U kept posting fake news.  ST did not say Adani do this and tt. They just reporting what others said.  ST can sue.

Ayoyoh...What "fake news" - ST editors has the choice not to print this Story. But then the allegations has become an INTERNATIONAL sensation for any major paper to miss. Perhaps u missed my previous reply to u:

That is the rub - That "unknow who or one man show" coy not only had single-handedly destroyed over US$50billion from the (once) richest guy in Asia, but also demolished Modi's credibility in the eyes of many Indians.
Even ST's own CECA journalist is forced to admit there were already "many red flags" from Adani's debacle of fake shops. I guess pride and prejudice still plays a huge part in India's cooperate and political culture...

What we see in last few weeks is a text book e.g. of how Billions-$ House of Cards can collapse quickly by a single blow from a One-Man Pvt Ltd...

Never before in corporate history has the net worth of a single individual fallen so much in one week. The chairman of India’s Adani Group, Mr Gautam Adani, lost US$52 billion (S$68 billion) between Jan 25 and Feb 1....

https://www.straitstimes.com/opinion/les...ni-debacle

[lioncityftw]

Satki reply from moi AI bot...:


https://www.bloomberg.com/news/articles/...dani-links
https://www.ft.com/content/474706d6-1243...1d4c5d528b
.
.
.
.
Shows Modi is super corrupt and yet our kum gong PAP-Gov still wants to sug India cock and embrace CECA.

[KILLjoy]

[Poomer]

400 pages of Kay leng kia language also couldnt prevent anything. And we let so many indians in Singapore be lawyers.

Swear it has something to do with their heard spinning that mesmerizes others in believing their csb.

[Pass-by]

Hopefully GIC & Temasek not involved.

[lioncityftw]

Hopefully GIC & Temasek not involved.

According to moi AI bot (ChatGPT Killer) ish Hong Kanz already...:

https://www.bqprime.com/business/temasek...dia-report
https://www.livemint.com/companies/news/...58838.html

[Manthink]

According to moi AI bot (ChatGPT Killer) ish Hong Kanz already...:

https://www.bqprime.com/business/temasek...dia-report
https://www.livemint.com/companies/news/...58838.html

Too bad currently ChatGPT can only process Text content...I can't wait for its output when OpenAI enable its image processing algorithm when I feed them this image...

.

[lioncityftw]

Too bad currently ChatGPT can only process Text content...I can't wait for its output when OpenAI enable its image processing algorithm when I feed them this image...

.

Will become rike that lor...:



https://www.amazon.in/-/hi/Cow-Dung-Cake/dp/B098XSL5F8

[Pass-by]

Oh no DBS $1.3B exposure to Adani??

[A2Z]

Now you know why Piyush is recruited. He knows best how to twist and turn with them tongues. Spore has to get into India otherwise will be left behind generating meagre returns for a sovereign fund. Desperate move no choice. Here gone our cpf $ again.

[Truebluesg]

Now you know why Piyush is recruited. He knows best how to twist and turn with them tongues. Spore has to get into India otherwise will be left behind generating meagre returns for a sovereign fund. Desperate move no choice. Here gone our cpf $ again.

If Adani falls, India will follow soon. As paper cannot wrap fire. 
The entire world will see them for snakes they are
little red dot investment in india will evaporate

[lioncityftw]

If Adani falls, India will follow soon. As paper cannot wrap fire. 
The entire world will see them for snakes they are
little red dot investment in india will evaporate

Correct, as mentioned before, WTO should totally ban India from trading with other countries due to snakey uncouth behaviour.

The world don't need them.

At least Communist China still can provided the world with quality and cheap goods, India is only a freaking burden to the whole world giving nothing but trouble and irritation.

[lioncityftw]

https://www.breakingviews.com/considered...ith-adani/
Piyush Gupta shines his risk appetite with Adani

13 Feb 2023 | By 
Una Galani
Follow @ugalani

Piyush Gupta is burnishing his reputation as banking’s boldest boss. The chief executive of $70 billion DBS, Singapore’s largest lender by assets, spoke out mostly in favour of Indian industrialist Gautam Adani at Monday’s fourth quarter earnings presentation while he touted record total income, net profit and return on equity. The comments put his risk appetite into sharper focus.

In his typically candid fashion, the former Citigroup banker laid out DBS’ sizeable “tightly managed” exposure to Adani’s eponymous empire and why that financial risk is acceptable. DBS holds about S$1 billion, about $750 million, of bridge financing for the conglomerate’s acquisition last year of Holcim’s Indian cement business, plus an additional S$300 million of loans to a range of the tycoon’s companies. These are ring-fenced, secured, and in Holcim’s case, made to cash-generating entities that are debt-free. Gupta explained that DBS could, if needed, hold onto the M&A debt and that the EBITDA – a proxy for cash flow - generated by the assets would cover the liability within five years.

Gupta, though, went much further than just laying out his institution’s exposure. He said that he sees no evidence of Adani committing the fraud that U.S. short-seller Hindenburg Research alleges and which the Indian group denies, “other than maybe propping up stock prices”. If a bank is close to the cash flows, he added, there’s no reason for it and other lenders not to look at opportunities. Overall, the DBS boss is saying in public what his foreign peers are saying in private: the financial risk of bankrolling Adani is acceptable and there won’t be a spill over in refinancing hazard for other big Indian conglomerates which, he notes, already borrow at rates well below India’s sovereign.

There are other reasons for Gupta to be chipper, too. It isn’t exposed to Adani’s shares, which had shed some $110 billion in value in less than three weeks, nor to the first-generation entrepreneur’s own share pledges, which have faced margin calls. Of course, that hasn’t stopped credit ratings agencies including Moody’s and S&P turning negative on the outlook of some of the group’s bonds because of governance or refinancing risks – or both.

Ultimately, Gupta’s straight-talking fits a pattern of brutal pragmatism that is perhaps required for a pan-Asian lender with big growth ambitions. DBS’ pending acquisition of Citi’s consumer arm in Taiwan, a geopolitical hotspot, hammers home that the Singaporean bank is ready to combine an opportunistic eye and political smarts with nerves of steel as it ventures further out into its backyard. While many of the governance concerns around the Adani group that have roiled its shares were in foreign banks’ plain sight and will be less comfortable to shake off for Western banks, DBS is reminding the world that it’s cut from a slightly different cloth.
-------------

[Manthink]

https://www.breakingviews.com/considered...ith-adani/
Piyush Gupta shines his risk appetite with Adani

...Adani’s businesses lost $108 $118 billion in a week—the crisis has shaken investor faith in India. Ren says that it’s acting as a “wake-up call for global investment banks and blue-chip credit funds.”  “If you just look at Adani’s financing, half of the money came from international investors....Those of us in Asia knew about all of these allegations against Adani over the years, a lot of the investors in New York and London have been sleeping at the wheel. "

https://www.bloomberg.com/news/audio/202...ld-podcast

[Dan]

He shouldn't worry too much he has the backing of Temasek, Ho Ching and our Indian President.
If in doubt please refer to DBS Ah Neh.

[lioncityftw]

...Adani’s businesses lost $108 $118 billion in a week—the crisis has shaken investor faith in India. Ren says that it’s acting as a “wake-up call for global investment banks and blue-chip credit funds.”  “If you just look at Adani’s financing, half of the money came from international investors....Those of us in Asia knew about all of these allegations against Adani over the years, a lot of the investors in New York and London have been sleeping at the wheel. "

https://www.bloomberg.com/news/audio/202...ld-podcast

Nothing unusual.. only siao lang would invest in this s.hithole (literally) country.

https://vimeo.com/799511883

[cityhantam]

围猎亚洲“首富”，美元屠刀血洗印度！
.
.

 
Kena censored liao! 

[aiptasia]

Nothing unusual.. only siao lang would invest in this s.hithole (literally) country.

https://vimeo.com/799511883

Excellent statistic.  Thanks for sharing!

[cityhantam]

https://amp.scmp.com/news/asia/south-asi...ce-critics
. 
.

[Manthink]

Almost 4 weeks later, the diarrhea continues...

Feb 20 - Adani Group’s market capitalisation has slipped below $100 billion today, a fall of more than $135 billion since January 24, the day US-based Hindenburg Research releases a report alleging ‘fraud’ by Gautam Adani-led group.

https://www.cnbctv18.com/business/compan...980911.htm

[Manthink]

ADANI CFO flew to SG this week


https://youtu.be/rB9RPAfcwFw

[aiptasia]

ADANI CFO flew to SG this week


https://youtu.be/rB9RPAfcwFw

Those lifts in the background of the video looks like the capital tower building where GIC’s offices are. When the entire group the size of Adani is audited by a 11 man audit firm with a 24 year old so-called partner signing off the audit papers, only cockheads of the highest level of stupidity would invest in this scam of a ceca shitehole company. MIW would of course duly qualify for that!