How the $120 Billion Adani Scandal Shook India
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- Опубліковано 17 кві 2023
- When short seller Hindenburg Research took aim at Adani Group, it triggered a financial earthquake for tycoon Gautam Adani and his empire. What happens now could alter the future of India, and affect the prospects of Prime Minister Modi. Jeanette Rodrigues and P R Sanjai report.
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Invest in Indian stock market. Average growth is 15% per year annually compounding.
Lol nothing has shook anything. The market's stronger than ever.
I don’t think it shook India Bloomberg! Care about the shock came in the banking sector in West rather!
you support frauds like adani and modi? People like you're real problem of India
@@aj-ne8yd You need mental help, bro.
It definitely shook our stock market 😭
Says a bhakt he lost 6 billion dollar a day people who invested in his companies were shocked
@@junaidkhan-vz5br dobara uth jayega woh, andhanamazi
Tata and Ambani works in sector of cars and electronic, but adani has ports and airport which has no competition against him so he is growing that fast. Mainly he is focused on raw business like transport and manufacturing, builder group, more focused on green energy.
There are lots of competitors of Adani..But,Current BJP govt provided unconditional support to build-up.
@@muktar.webdev govt has nothing to do here. Your name justifies why you'd target BJP in between all this.
@@ishantkumar5423 Bhai mere airports aur ports ke tender kon deta hai government na ?
Both Tata & Ambani are also in the power and infrastructure business. Infact, these two conglomerate are somewhat direct competitors. Adani does have a fair amount of political backing. Tenders are provided by the government only.
@@kai2690 Bhai deti to govt hi hai I agree but jaha govt ko achi deal milti hai vahi deti hai
proper bid process se deti hai
If you think you can offer a better deal than adani group then I think you should also join the next bidding process in your favourable sector
India's political funding is always opaque but when modi came to power there is an added level of opaqueness? What a joke of journalism!
As an indian, I'd like to confirm that nothing is shaken here.
ofcourse not,whole india is full of scammers
what a joker!
@@chayanvohra yea like your daddy 😂
@@aestheticshivametw how do you know his dad🤨📷
@@sora6244because he is one of them
Self made and yes with a little help from his powerful friends
Shook India? We didn't even felt any tremors. The market responded vigorously after that .
After shock coming soon
@@joexavier4070 lol doesn't matter. India has known 256 billionaire. Do you think attacking one will do any harm to us lol🤣🤦 our one temple has nord money than many developed countries GDP🤣🤦 go n check how much wealth padmanabhaswamy temple has🤣🤦
they are trying to say credit suisse and svb were in india when they crashed in the same quarter and showcasing hidden relationship between adani and the failed banks 🤣
@@joexavier4070 look after your banks... They are collapsing like dominos 🤣🤣
@THE ZOLDICS please give me a specific data point from which derived the word "jobs to masses". You people worship everyone when told by your skewed and tainted leaders.
What really happened is that you can buy Adani shares now.
It is yet to shake up the nation!
That much money is capable of silencing A lot of voices through sheer power... It is valid to worry about their intentions...
like google
microsoft, apple.
Yes adani took too much debt to expand his business. That's the main allegations. As for stock value isn't Tesla, apple and few others over valued as well. Elon Musk raises his stock value with random tweets. How is it any different from adani using shell companies to do the same? Different means to the same end.
From an individual point of view is it any different from a person taking loans and selling his vehicles to start a business?
@@saladmancer8151 exactly.
India's ambition and adani's ambition are different
He is a pvt individual and The govt wants the benefits of the citizens and I can say that they are making the right decisions (atleast to business cities like our town)
Ada i ambition tie with indian , adani is investigating in everything india need , the logistics of India , which was the only thing preventing India's growth .
@@anksssssssss Exactly.. This is the one thing that I really LOVE the most of BJP govt
They provide a conducive environment for businesses to flourish and infra scale is on another level
@@hk-ll2kv gov is writing off massive loans of him and modifying the tenders for him, now a recent Fanatical times reports has exposed him further
The rates of electricity, petrol and high gst are on people so that BJP can write-off massive loans of them and support them, BJP is not providing conducive environment for businesses as most startups of India are register themself in Dubai or Singapore
Thanks 🙏
It took 150 years for TATAs to build such a massive empire, 2 Generations of extremely aggressive business from Reliance Group to build the empire. But Adani is bigger than both of these mighty men. And this is without any tech companies. Only from traditional businesses. There is something bad.
No, it's just called a lot of debt.
@@qwertyca debt doesn't explain why they had an P/E ratio 3x that of Tesla. They were definitely pumping up their numbers
when quicktech will make a video on the severe banking system failure following svb collapse in the US?
Classic example of you having the government of a country in your pocket!
@@NotKimiRaikkonen They bought (using shadow/shell companies they created) up to 90% of their own shares creating lot of demand but no availability of shares. The law is that you cannot hold more than 75% of your own stock. This inflated the stock price so that they can secure more debt from the banks.
Is it illegal - yes. is it as worse as Bloomberg is making out to be? No.
How many people did the Adani group fire or asked to resign like google, Facebook and other big companies are laying off people
this very point of the big tech firing people is absolutely baseless. firstly its a highly elastic employment market. today they get fired and forget tomorrow, in the next one hour these techies get jobs elsewhere. That's how lucrative their Resumes are and hence, the tech companies don't worry about firing them...(only in the USA) second, tech companies don't fire people, the fire projects. tech is so dynamic and changes so fast, unlike the business of adani or TATA's where work is industrial and requires patient capital and labour. so don't compare adani to facebook and google. blue collar jobs to white collar. and to answer your question of 'How many".i don't know... do you? does it even matter.
@@mihirrao9537 seems you didn't understand his Statement. He is asking all these companies after recent revenue loss laid off thousands of people compared to that after such a huge loss how many employees did adani layoff? I don't so think many🤣🙌
@@shasha0076 i never said adani laid off workers after its devaluation. i didn't even imply . infact i meant the exact opposite. seems like you did not understand what i was trying to build on.. all the best to you Mr 'I think so"
@@mihirrao9537 konsa nasha kiye ho bhai....??😂😂
@@jj5302 abbey mazak thodi hai. yahan toh me competition ke bare me baat bhi nahin kiya. wo angle add kiya toh aur bhi redundant hai ye comparison. chalo koi nai...lage raho tum sab.
Even before Hindenberg came out with the details regarding Adanis people knew that there was a high P/E problem with the group. After the report more problems with the group were highlighted. Subsequently the group lost half in paper value. But the overall impact on the Indian Stock market as a whole has been nearly zero in the last 3 months.
lol, now what happened?
@@abhijeetshetty5950it think it's coming back to old price totaly Heavy priced It's like staying in Worlds Poorest countries but paying Like they live in the US or other costly countries
@@SuperiorCake386 Lol Adani Wilmar is finished
Thanks to hidenberg i could buy adani share at low prices , all of the adani companies have strong balance sheet and business model . Nothing to worry here .
abe chup ! propaganda nahi chalegi . he is doing fine😊
Hi Bloomberg, just a quick correction, the bar chart at 6:40 states a company named Verdanta, it's actually Vedanta. Would request you to please see if a correction is possible.
An investigation should be done how demonetisation helped adani to amass wealth For Modi. The master brain of demonetisation is Adani not any economists or experts from the government.
Crony capitalists fund political parties and in turn political parties help cronies through the back door.
For money these days newspaper can write anything.
Horrible
I love how she changed her name to Rodriguez lol
its not a scandal ..its an agenda
How declare it's scandal? Bloomberg?
Shook India? Nothing can shake apes. Apes strong together.
yes, shook it so much that credit suisse went down in switzerland
😂😂😂😂these Lundberg journalists sudhrenge nhi
@@dancingcar8974 Lekin Kat to humara Raha hain na🤦. Utho chutiyo utho
Not sure about adani but banking crisis has surely shoked USA 🤣🤣 and europe... Bloomberg should study that 1st😂😂
There is No scandal.. Adani Group will grow stronger.. India need more Adani , Ambani Tatas .. there are business people.. they contribute lot to Devlopment of the nation.. India need more Large scale companies who can take risk and take ambitious projects and implement for better India
These are oligarchs not regular businesses just like in Russia family owned controlled oligarchs
It's a complete scam with people. Selling everything is not the way businesses work
@@B21_raider Adani Group as not achieved growth overnight... It's in Business since 1988
@@B21_raider same goes for what is Samsung or Hyundai and sony or is American military companies..sorry but this is what it is
yes,whole india is full of scammers
❤Make a video on dedollarization❤
lol it shook India? seriously? 😂😆
Reminds me of 2g Cag reports
No such thing as self made billionaires. No man is an island. He had to have a mother and father and community and environment.
@thezoldics7648proud of fraudsters?.The amount of money he frauded can serve nation for years but of course you guys wound want that adani money should travel in selected pockets which is people money so to speak
Adani is not Tata. Tata might be noble. Adani certainly isn't. Also, capitalists should only be respected if they pay their taxes and stop getting subsidies by the government.
The last statement made by the lady , is the crux of this entire adani conspiracy
Corrupt!
India PM behind Adani's ,success.
India Investigation agencies like CBI and ED worked hard to get him all those properties.
Maybe but i doubt it will fall a company with such strong fundamentals and a heavy cash flow it's doubtful if it will fail.
It's becoz they have their own pm to support his wrongdoing
@@joexavier4070 not really this is neither Soviet Russia or communist china there are no princelings here.
@@Organic.Mechanic there is strong political connections between Modi and Adani..that is a street secret in india
@@joexavier4070 nah if it was true he would have already failed every indian govt supports its industrialists because its in their national intrest. Its similar to america their corporations donate to both political parties its the same story in india. But the markets are the most democratic of all places if his positions were truly weak everything would have collapsed like daewoo in korea or luking cofee from china. You cant fool the markets ever.
@@Organic.Mechanic everyone with brain cells know inability and silence from government sponsered adani scandal from government agencies
US itself banned any report of Hindenburg 🙄why we should trust 😂
I'm not sure how it impacted India in any way. Mr. Adani started working with over a $1.50 in hand in the streets of Mumbai and his business and company is robust even with immense debt. He is trying to buy his comperitions using those debt. There is no law saying that you can't buy your own shares to keep the prices. This is usual tactic of public companies. Just think of Rockerfellar family. How many offshore companies and trusts and funds have their money distributed. Another thing to notice is that every nation and their ministers needs entrepreneurs to build a nation. Have Hindenburg invested a single dime in India? They are only known for shorting. They would short their own stock if they want to.
Nothing! I say nothing has changed for common Indians. Adani lost money, that's it!
I couldn't agree more, analysis of current events is always spot-on. he really knows how to break down complex issues and make them accessible to the average viewer.
I agree with the video on almost everything except the part where Indian account books need to be open to the west.
Account books need to be transparent as needed not open for Western entities. There's a difference in how it's worded.
This wording is why people hate hindenburg and support adani.
There's a Indian idealogical demography called collaborators :- these collaborators helped few thousand British rule millions of Indians. These collaborators shot and killed Indian before 1947 and became part of bureaucracy after independence.
The collaborators seek eternal approval from the imperial Whiteman.
The present ruling party hates these collaborators. So whenever you see news on India try to look at this perspective. An ideological war between the old establishment and new political power.
The video was not even detailed about the fraud and praising themself as if they have done big scam exposed. prove in court or be ready to pay fine for defameation case.
Here come the Indian express with their takes
Go an check Adani stock prices today.
One does not become this filthy rich without a few skeletons in their closet.
We Indians actually dont mind a few skeletons, but looks like there are many here!
So what are they then?
Care to elaborate on them? Like a few of them... lets see what insider information you have?
@THE ZOLDICS They are into making profit by creating negative buzz by putting random allegations and then having their clients short sell the stock to earn profit. They aren't some righteous investigation agency most in India think they are. They are just into money making
He is still richer, it doesn't effected much, his shares are raising again
Not entirely self made...
All those classy Airports built during UPA by GVK, GMR. Adani just used power and grab them at dirt cheap rates.
No he didn't dude, GVK went bankrupt first of their own accord. Adani just picked up the pieces.
@@qwertyca GVK was arm twisted to hand over reigns to Adani, it is a known fact in the market.
Chutiye, 3 Guna operation bidding ki he adani ne. Agar malum iska matlab tho nahi tho angutha choos
@@cerenosimoes1587 See GVKs statement
@@LetsbeHonest97 There is a reason why he needed to make a statement like that in the first place. Everyone in the market knew there were arm twisted. It is clearly a cover-up statement.
For those who really believe that adani is helping India.
Biggest taxpayers in India are tatas, Ambanis , mittals but adani is nowhere in the list despite being the richest.
Country is run by taxes not promises 😅
Behind every fortune there’s a crime.
No there isn’t. What crime did Elon musk or Jeff Bezos commit? Nothing
Sorry but it would be true in ur Country but not in other nations
Look there is something called STOCK MARKET BUBBLE 😊
As an Indian, I’m ashamed.
Why? Did your balls drop off or something ?
Khangressi r always ashamed
@@χσχσ-ν3χ yes. Especially with these gujjus
Gujus will never be a desh bhakt.
@@χσχσ-ν3χ beggar pajeed
Adani has been paying price for not payinh foreign nexus.
What are the facts? Some shady investigators have succeeded in overturning the price of the shares of the person somehow connected with mr. Modi. The behaviour of mr. Adani himself is perfect - he`s not run away like a con from Wall Street but is fighting with new debts.
Big talk.Can not read the financials of their own banks and talking about the financial status of others.Big joke😂😂😂😂.They are going to shake the world.
Adani is no where in the highest TAX contributors in India.
Lol. The crusaders are out in the comments to prop up a company that will never make them a single rupee...
That tells how much filth they have in their mind.
Their ego is so high that they won't say wrong as wrong.
All filth comes from the ideology of ruling party. Fake nationalism, communalism, casteism, etc.
They bootlickers , won't get single penny or job but they are always high with blindness.
Indians like modi need western investment but won't promise security of the assets that it being invested.
neither will credit suisse
@@studytime2570 who's defending Credit Suisse?
basically the whole of Collective West.
Shook only u not india
Western ways of business...lol. We have seen FTX, wework, bank collapsing one after another 😂
you support frauds like adani and modi? People like you're real problem of India
And what has that to do with adani?
@@akarshansuryavanshi7256 nothing she was suggesting the Western way of business
already saying scandal shows your biased reporing
Spend their all time speaking heal about China, but this guy should clean up in front of their door.
Only Western countries Shock 😂😂😂😂 It's normal in India 🇮🇳
Since 2008 banking collapse is normal in USA 🤣🤭 They wont get shocked for that
7:44 his third term in office will change dharawi slum and adani bad fortune...... In a month
Propaganda, what about America national debt 31trillian, which are greater than their gdp 22 tri USD is it scam and it going sake US 😅😅.
People talk about adani enterprise's financials but most of them don't talk about their projects and the amount of corruption happened to give him those projects ,like land acquisition for ports , government changed rules to give adani airport management contracts , coal purchased by government from adani on inflated prices , government owned LIC 's investment in adani theres corruption happened everywhere but no one questions about it and those who questioned got raided and questioned by ED, CBI ,police and even courts in case of Rahul Gandhi (opposition leader)
maybe but who cares we need massive infrastructure push and very few companies in India are capable of doing that. Adani is one of them. We need more Adanis.
In a capitalist economy, high-class people network. Middle-class people invest, and low-class people spend. These are the basic facts of a capitalist economy!
Idea of a middle class is a myth. A country where a person earning/~₹25k is in the top 10% earners then it's middle class would be way below even that. What you are referring is just the upper echelon of the earners.
Poor people have to spend to literally survive & have no capital to invest for creating wealth.
People living on majority % of their paycheck are just on edge of getting stuck in poverty trap.
Majority of the people will never ever get a chance to rise up let alone becoming a millionaire or billionaire.
it's a rigged economy
Fact : The Rich get richer & the poor get poorer
@@Dolphins_are_our_Overlords compare the situation with 10-20 years ago. And see what the economy will look like in 2030s and 40s. Even a small 10% is more than 14cr (Half population of US)
@thezoldics7648even Vijay Mallya gave jobs!
Adani shares helped me cover my previous losses.
Thank you hindenberg for making adani stocks cheap.
Hey will bounce back
Shook India?
exaggeration to rake in the views.
West will never want India to rise. This event has increased trust on Adani.
meanwhile mukesh kaka is having a great time in his bandra skyscrapper, he'd be like india ka richest admi banne chala tha sala chutiya!
scandal ?? really ? 🤣🤣 tragedy is that your propaganda isn't even interesting 😂
Nothing more than a clickbait
It's a genuine business, no scandal here
You hypocrite foreign media , so eager to defame other countries and persons , first learn to respect his achievements
3:11
evident accent
crony capitalism thrive in all developing countries. Basically political power need finances, and finance people need political lobby to remove the bureaucratic hurdles. Basically it's a simbiotic relationship.
west is so concerned about india😂
There was no scam here
Hidenburg slept instead of alerting US banks failure
As an Indian, I can testify we did not even felt the slightest of the tremors. Unlike you guys our banks don't collapse.
what nonsense dude
librals burning
allegation*
Gautam sir will bounce back soon and will gain more than 250+ Billion $ within 8-10 years
modiji hai toh obviously mumkin hai
Adani cleared ! Never trust Hindenburg again.
Not really, Adani might have shaken but India is bigger than Adani.
Thank you Nathan Anderson for Hindenburg report. Aap ne BJP aur Godi media k opor hag diya. Netanyahu ko bhi zaroor onka hissa mil gaya hoga Khun ki Aap Israel k hain
Some dogs are braking from bhot side why Indian has not job capability and on other side same dog braking why he is developing so fast 😂
One of the worst analysis by Bloomberg...
Short seller game !
Something on Colonial time?
are you still living in colonial times? get over it
@@prshantmalodia my question says am not. What about ur hangover of that
@shlokpaatni3229 but they havent moved on. bbc wale. Thats the point.
"mate" there are other ways in 21st century. Look up "offshore investment heavens" panama paper revealations. New ways of third world exploitation.
Racist Americans scared from progress of india and Indian companies .. nothing is shaken except usa and now uk & EU with energy crisis and inflation 😅😅
get of your break and make my iphone
@@RobertPlaysRS yeasss saar I make u gud iPhone just send me googaal play gift card. Please saar. I love white people. 🧑🏼❤️💋🧑🏻🇮🇳🙏💪
I thought this saga was over.
It was purely a game of Market manipulation & short selling by a soros sponsored outlet. Nothing has shaken india. It's not a scandal
Shook India🇮🇳😂😂😂😂😂.
Adani will come back strong💪..... Because he has real estate assets
He is the king of india
So Bloomberg has a big office in India?
Don't need
Far more better than DEEPSTATE