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Adani’s Biggest Challenge
GOLD RUSH • GOLD PRICES CONTINUE TO RISE IN 2023 AFTER JUMPING IN 2022. AS A RESULT, DEMAND FOR THE YELLOW METAL HAS FALLEN, EVEN AS THE INDIAN ECONOMY REBOUNDS. A LOOK AT THE KEY NUMBERS
THE POINT HIGH STAKES • There has been a steady rise in the stakes held by promoters and institutional investors of various hues in a tough business environment. Latest shareholding data shows that promoters, domestic fund managers and global investors have raised their stakes in many companies in 2022 even as the domestic equity market was volatile due to the geopolitical crisis, rising interest rates and an exodus of FII money from India. A look at some relevant numbers:
Game of Estimation • Forecasts of GDP growth and inflation are risky and prone to major corrections over time
Wooing Private Capex • The Finance Minister has dropped a hint in her Budget speech about the creation of a framework to bring in large private sector investments into infrastructure. Will it work?
Eye on the Horizon • With a combined strategy of inorganic and organic measures, Dr. Reddy’s has chalked out a plan to sustain growth
Angel’s Pinch • The Budget’s move to include non-resident investors within the scope of angel tax has the start-up and investor communities worried
PUSHING BOUNDARIES • The inaugural edition of WPL is expected to bring in a seismic change in women’s cricket in India
Beyond the BLOODBATH • GAUTAM ADANI’S EMPIRE HAS BEEN BATTERED AND BRUISED BY ALLEGATIONS OF STOCK MANIPULATION AND FRAUD LEVELLED BY AMERICAN SHORT-SELLER HINDENBURG RESEARCH. AS THE BILLIONAIRE FIGHTS BACK WITH SEVERAL CONFIDENCE-BUILDING MEASURES, HIS COMPANY STOCKS CONTINUE TO WOBBLE AND GLOBAL BANKERS TURN WARY. CAN HIS MEGA PLANS SURVIVE THIS ONSLAUGHT?
THE ROAD AHEAD
FOLLOWING THE WHIRLWIND
A PERFECT STORM • US-based short-seller Hindenburg Research, led by Nathan Anderson, released a scathing report on the Adani Group on January 24, 2023. Here’s what followed
STRONG ASSET BASE • All Adani Group firms have more assets than debt
SKIRMISHES WITH SEBI
CAN MEESHO DELIVER PROFITS? • THE SMALL-TOWN WONDER HAS ACCELERATED TO NO. 3 IN INDIA’S E-COMMERCE PECKING ORDER ON THE BACK OF VC MONEY. BUT NOW, MEESHO NEEDS TO SHOW PROFITS FOR FURTHER GROWTH. IT WON’T BE EASY
THE MONEY TRAIL • Meesho, one of India’s most-funded start-ups, has raised over $1 billion till date
A SNAPSHOT OF MEESHO • It is one of the world’s most downloaded shopping apps, with 70 per cent of its users coming from smaller towns
PLATFORM KING • Meesho is India’s third-largest online marketplace in terms of total value of products sold annually
HEALTHY SIGN • Spurred by the Covid-19-induced tilt towards healthcare and pharmaceuticals, 13 health-related firms have gone public in the past two years. And many more are queuing up
ALIVE AND KICKING
HELLO ROBOT • BOTS THAT CHAT WITH YOU AND HELP YOU BUY STUFF ARE THE NEW RAGE IN E-COMMERCE
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‘Don’t get distracted by what you can’t control’ • Bob Moritz, Global Chairman of PwC, talks about dealing with the tough times, ESG and the role of India in the new world order
IN SEARCH OF GREENER PASTURES • IN A SCENARIO WHERE INTERNATIONAL MARKETS HAVE STARTED RECOVERING DUE TO A SLOWLY STABILISING OUTLOOK, SHOULD YOU INVEST IN FOREIGN STOCKS,...