Anand JC

✍️ Transport and energy reporter @ Informist | Formerly @EconomicTimes @CNBCTV18Live

[Shashank Mattoo @MattooShashank]

BREAKING: Zohran quotes Nehru in his victory speech

"I think of the words of Jawaharlal Nehru. A moment comes but rarely in history when we step out from the old to the new. When an age ends & the soul of a nation finds utterance. Tonight we step out from the old to the new"

[Divyushii @divyushii]

this is the grind culture in mumbai i’m so proud of

got in the back of a local black and yellow cab and saw a qr code hanging from the front seat

i assumed it was a payment code and was already impressed with the efficiency so i asked the driver

turns out it’s his kid’s youtube channel where he makes rap music.

let me remind you he doesn’t come from privilege, probably not v educated, but he took what he got, and maximised it into a distribution channel on wheels

now everytime his dad carries a curious passenger, kid gets views

so simple yet so enterprising

this is agency.

[Anand JC @1996_ajc]

Shocking perspective. Leaders don't lead anymore.

[ANI @ANI]

Bengaluru | On his meeting with BJP MP Tejasvi Surya, Deputy Chief Minister DK Shivakumar says, "He gave a few suggestions. He said instead of a tunnel road, a Metro line should be built. We are already working on Metro construction, but we need funds too, right? He also suggested allowing private buses and introducing BML feeder buses. I asked how much money has come from Delhi. I told them I will also come, meet the Prime Minister, and get funds sanctioned...If you don’t have a car, you won’t get a bride at home, that’s the mindset...The PM should be approached to get the funds. Everyone gives advice, but funds are necessary. How many people travel by bus anyway? For everyone, status matters, even officials travel by car"

(Pic Source: DCM office)

[Anand JC @1996_ajc]

Oh my...

[DK Shivakumar @DKShivakumar]

It was a pleasure to meet Ms. @kiranshaw, entrepreneur and Founder of Biocon, at my residence today. We had an engaging discussion on Bengaluru’s growth, innovation, and the path ahead for Karnataka’s growth story.

[Anand JC @1996_ajc]

Reminds me of when Ola's Bhavish asked Kamra to come fix his companies' issue. Except this is a 1000 times worse.

Something about Bengaluru air maybe

[TOI Bengaluru @TOIBengaluru]

Kiran Mazumdar Shaw has not spoken to me. But I will invite her for discussion & whatever the complaints, let her give it in writing. If she wants to develop roads, ready to hand over them for development: K’taka DyCM DK Shivakumar responding to Shaw’s recent tweets.

[Anand JC @1996_ajc]

Both approaches right, but ET's seems a little better. Here's why

O2C earns RIL 62% of its topline, retail is second biggest, and i think it's around 30%? Close to that figure. So yea, weakness in oil biz won't necessarily tip the scales heavily

[Dr. Rakesh Bansal @iamrakeshbansal]

Reliance
2 different business news paper

[CBIC @cbic_india]

The Central Board of Indirect Taxes and Customs @cbic_india has received the factual enquiry report from the Department of Revenue (DoR), which was mandated to undertake a fair, transparent and fact-based enquiry into the allegations made by M/s Wintrack Inc. regarding alleged irregularities in Chennai Customs.

👉Based on the prima facie findings, a thorough vigilance investigation is being initiated, which is proposed to be completed in a time frame of 4–6 weeks.

👉To ensure the investigation is credible, free and fair, CBIC has relieved the officers identified in the report of their present responsibilities with immediate effect and posted them out of the jurisdiction.

👉The report also indicates the possibility of cheating and private fraud by the importer’s own agents and intermediaries.

👉License of the Customs Broker Agent named in the report has been suspended under regulation 16 of Customs Brokers Licensing Regulations, 2018 pending the final outcome of the vigilance investigation. Also, police complaint has been lodged against the unauthorised intermediaries.

👉Further, CBIC is constituting a Task Force under Member (Customs) to take further corrective operational measures. These include:

• A comprehensive review of all pending cases to ensure consistent, transparent and legally correct application of regulations, with particular attention to MSMEs and small-scale importers;

• ⁠Ensuring that there is no scope for misuse of authority or retribution against complainants, with close monitoring of such cases for fair and expeditious disposal as per law;

• Implementation of complete anonymity in faceless assessment by masking additional details and issuing appropriate instructions to all officers;

• Strictly enforcing access to Customs locations to only authorised CHAs (Custom House Agents);

• Strengthening grievance redressal mechanisms through parameterised monitoring and regular review with field formations; and

• Public disclosure of updates on action taken through relevant customs portals.

👉These measures underscore the Government’s commitment to ensuring integrity in Customs administration, strengthening systemic processes, and facilitate seamless trade and commerce.

@FinMinIndia

[Anand JC @1996_ajc]

@johnstanly This was a pleasant read Stanly. Great stuff

[शिक्षित बेरोज़गार @kaul_vivek]

Another week, more IPOs – LG Electronics India Ltd plans to raise ₹11,607.01 crore and Tata Capital Ltd ₹15,511.87 crore.

But before you get too excited, note the fine print: 100% of LG’s issue and 56% of Tata Capital’s are offers for sale.

And then there is WeWork India Management Ltd. 100% of its Rs 3,000 crore issue is an offer for sale.

In plain English, that means existing shareholders are cashing out, not raising money for growth and building new businesses.

The great Indian equity market – where your hard-earned money, flowing directly or indirectly into IPOs, isn’t really building businesses. It’s just funding someone else’s exit. In other words, you’re buying their freedom.

Now, the real question: how many retail investors investing in IPOs actually know what an offer for sale really is?

[Informist Media @InformistMedia]

On Tuesday, Informist Media was ahead of competition to report Federation of Automobile Dealers Association sales data for September.

At 0900 IST, Informist was 15 minutes ahead of Reuters and more than two minutes ahead of Bloomberg to report that retail sales of automobiles in India rose over 5% on year in September.

Reported by @1996_ajc

You can read the story here:
https://t.co/icnXAtuuZ1

[Anand JC @1996_ajc]

@Nigel__DSouza @CNBCTV18News @CNBCTV18Live Congrats Nigel! Thoroughly deserved

[Anand JC @1996_ajc]

Quite silly. Totally avoidable

[Narendra Modi @narendramodi]

#OperationSindoor on the games field.

Outcome is the same - India wins!

Congrats to our cricketers.

[Arattai @Arattai]

We’re officially #1 in Social Networking on the App Store!
Big thanks to every single Arattai user for making this possible. 💛
#StayConnected #Arattai

[Anand JC @1996_ajc]

Suhel needs some sole searching

[Shashi Tharoor @ShashiTharoor]

Dear @Suhelseth, if the Oxford English Dictionary is my ‘sole mate,’ then I suppose I walk in well-defined shoes. Better that than barefoot in banality! So I'm guilty as charged. And if you meant the OED is my 'sole' mate, I must say being wedded to the dictionary beats being shackled to clichés. At least my ‘sole mate’ knows the difference between ‘disinterested’ and ‘uninterested'....

[News Arena India @NewsArenaIndia]

"I urge people, specially leaders to not put up posters on walls even if it is mine."

- Delhi CM Rekha Gupta

[Anand JC @1996_ajc]

Coupe***

[Anand JC @1996_ajc]

Great time for auto cos to launch a coup in Nepal

[RedboxGlobal India @REDBOXINDIA]

TVS MOTOR CO: CO STRENGTHENS PRESENCE IN NEPAL WITH THE LAUNCHES OF TVS APACHE RTR 160 2V FI AND TVS RAIDER IGO

[Anand JC @1996_ajc]

@WeekendInvestng @nitin_gadkari "Tested for real world conditions"

[Anand JC @1996_ajc]

@AaratiKrishnan On the balance, I'd like to know your perspective of not-so-crazy AI investments by Indian cos. Especially Infy which is facing flak for its buyback right now

[Anand JC @1996_ajc]

@1shankarsharma @bsindia Quite a fascinating read Shankar. A treat for history-finance buff like myself. Keep these coming!