#AdaniEnterprises
Unfortunately for Adani Enterprises, it is still in the news. Cancellation of a fully subscribed (with a little help from fellow industrialists) follow-on public offer – to ‘insulate investors’ – hasn’t helped. S&P has announced that Adani Enterprises will be off the Dow Jones Sustainability Index, effective 7 February, following “Media & Stakeholder Analysis triggered by allegations of stock manipulation and accounting fraud.” This will go down as a case study on how (or how not) to handle such a crisis from a communications point of view not just for Adani, but also SEBI, LIC and several others. As most news involving the high and mighty, it has also sparked memes and jokes online. Do not read on if your national pride is fragile.
Sept 1994
Adani Enterprises IPO, ₹10 per share at a premium of ₹ 140 on Sept 1994
Price of a share, rounded off, as on January 1.
2014 – ₹ 41
2015 – ₹ 76
2016 – ₹ 46
2017 – ₹ 43
2018 – ₹200
2019 – ₹160
2020 – ₹ 200
2021 – ₹ 480
2022 – ₹ 1700
2023 – ₹ 3800— ParanjoyGuhaThakurta (@paranjoygt) February 3, 2023
Hindenburg Report Vs Adani Group of Stocks so far 😂#Adani #AdaniEnterpriseshttps://t.co/XHIwvZrcJU pic.twitter.com/xmlJgHCrWK
— 𝐃𝐞𝐞𝐩𝐚𝐤 𝐤𝐡𝐚𝐭𝐫𝐢 (@Deepakkhatri812) February 3, 2023
State-controlled LIC is spending about 300 crores as an anchor investor in a $2.5 billion new share sale by Adani Enterprises Ltd, even as LIC loses 20K Crs on it’s Adani investments. This is our money. The Directors of LIC must be brought to accounthttps://t.co/wADcb7QdSD
— Prashant Bhushan (@pbhushan1) January 29, 2023
#HindenbergResearch vs #AdaniGroup
The Rebuttal: Part II#Adani #AdaniEnterprises #GautamAdani #HindenburgReport #SEBI #stockmarketindia #nifty50 pic.twitter.com/Bpd85e0xTC— Hot Talks With Arnav😁 (@ArnavHot) January 31, 2023
#Budget2023
Satish Acharya nails one yet again that should make everyone smile even while reading about a budget that gave us little to smile about. Supposedly good news on infra, railway and some other fronts and an incentive (reduced surcharge) to encourage the super rich to choose the new regime. For a lay middle class person assimilating the information through media reports, this seems to be a thanda thanda budget that’s cool in parts. The most impactful of the announcements for me was on putting an end to manual scavenging. Even if lives are not lost, it has to stop to ensure human dignity and demonstrate equality.
Historic Budget, says PM. @moliticsindia cartoon #Budget2023 pic.twitter.com/X9wbnnXQYR
— Satish Acharya (@satishacharya) February 1, 2023
Income Tax Announcements
1. People earning up to 7 lakh will not have to pay any tax under new tax regime
2. New tax regime slabs reduced to 5
3. Standard Deduction 52.5k in new tax regime
5. Highest surcharge rate from 37% to 25%
6. New Tax Regime default #Budget2023— Kajal Vithalani (@VithalaniKajal) February 1, 2023
There can be no excuse for forcing people to live and work in such danger and indignity. This terrible practice should have ended a long time ago. Absolutely essential that the law to prevent #ManualScavenging is implemented in both letter and spirit. –Sg #Budget2023 https://t.co/DnyOJHR0TJ
— Sadhguru (@SadhguruJV) February 1, 2023
#BorderGavaskarTrophy
There is of course the IndVsPak high, but there is also something special about an IndVsAus cricket series, especially of the Test variety. As Andrew McGlashan summarises in his ESPN CricInfo curtain raiser: “Dramatic, unpredictable, controversial – for over two decades now, the Border-Gavaskar trophy has been one of cricket’s great rivalries.” A fantastic piece that celebrates the cricket rivalry, recounts unforgettable matches and performances, and sets us up for the Border-Gavaskar Trophy 2023 starting 9th February. The five-day fare will keep cricket lovers engrossed for over a month, across four matches.
Over the last two decades, the rivalry has grown into one of the dominant duels in the game #INDvAUShttps://t.co/VGSPrhgjtQ
— ESPNcricinfo (@ESPNcricinfo) February 4, 2023
That’s why it’s called a “TEST” I suppose.
Must say The Aussies have come well prepared!!!
With their excuses of course🙃#INDvsAUS #BorderGavaskarTrophy #IanHealy https://t.co/0CyY7TOf5X
— DocPhoenix ☀️ (@LetCorona) February 4, 2023
When you know that #BorderGavaskarTrophy is less than a week away!! pic.twitter.com/IbrTyZYxPb
— Langda Tyagi 🇮🇳 🚩 (@BlackRumAndCoke) February 4, 2023
#SiddiqueKappan
An excellent piece by Puja Awasthi of The Week spotlights the journalist from Uttar Pradesh who furnished the bail bond for jailed fellow journalist Siddique Kappan’s release. The latter’s walking out only after 850-odd days in jail has been criticised. But there are some who point out that not everyone is even this ‘lucky’. Some critics of government/s including journalists will be tempted to steer clear of the ruling establishment/s lest they meet the same fate. Elsewhere, TOI’s Pinaki Chakraborty speaks with former vice-chancellor of the University of Lucknow Roop Rekha Verma, a veteran crusader for justice and social equality, who stood surety for Kappan. It is people like her who ensure that a semblance of justice remains
Well-known names in the legal and larger fraternity were scared to furnish bonds for him for fear of how the state government might react.
Meet Kumar Sauvir the journalist who stood up for #SiddiqueKappan. By @pujaawasthi #Respect #Salute https://t.co/sf7NZOIEsz
— Shabbir Ahmed (@Ahmedshabbir20) February 3, 2023
Amended UAPA is menace to democracy: Tharoor on Kappan release https://t.co/n6XblmdFkY #SiddiqueKappan #ShashiTharoor #UAPA
— Mathrubhumi English (@mathrubhumieng) February 3, 2023
#MahsaAmini
So this has become the anchor for the column. And why not? As long as the #IranProtests continue, we should keep a watch and lend a voice. A young man and woman, aged 22 and 21, have been sentenced to spend over 10 years in jail for dancing as part of the ongoing #WomanLifeFreedom revolution. The ruling regime might benefit from some fresh air on a stroll along Bandra bandstand.
For the crime of dancing, these two young Iranians have been sentenced to 10 years and 6 months in prison.#AstiyazhHaghighi 21 & #AmirMohammadAhmadi,
22 danced in the streets in support of #WomanLifeFreedom revolution in Iran.
They don’t deserve such brutality.#MahsaAmini pic.twitter.com/Bs9VxqnxFV— Masih Alinejad 🏳️ (@AlinejadMasih) January 30, 2023
President Biden! I don’t need you to do something after I get killed by Iranian regime on US soil. I need action now.@POTUS #MahsaAmini @NicolleDWallace @MSNBC
— Masih Alinejad 🏳️ (@AlinejadMasih) February 3, 2023
“There are so many brave girls and boys inside Iran.” CNN exclusive interview with Ashkan Morovati, a protester who was shot many times amid the protests & miraculously survived. He is now out of Iran. Powerful reporting. Thanks @jomanacnn/@ArtemisChats. #MahsaAmini #مهسا_امینی pic.twitter.com/GWsw4TJMBE
— Omid Memarian (@Omid_M) January 31, 2023
I strongly support the Biden Administration’s newly-announced sanctions against the Islamic Revolutionary Guard Corps, the Iranian regime’s right hand in oppression. “Woman, Life, Freedom” is not just a chant—it’s a call to action. #MahsaAmini pic.twitter.com/x96c5TM4o1
— Rep. Katie Porter (@RepKatiePorter) January 30, 2023
(The author observes Tweets @Goks140.)
