Impt announcement from RBI on Friday evening that can strengthen rupee:
-RBI limits NOP-INR positions of banks in the onshore market to $100 mln
-Alert: NOP-INR means net open dollar-rupee positions of banks
-RBI directs banks to bring down their open positions to $100 mln by April 10
-Bankers say banks may be holding long $ positions much more than $100 mln
-Sale of the excess long dollar position can lead to a sharp rise in the rupee on Monday dealers say.
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Yesterday, Adani bought Jaypee Group for Rs 14,535 Cr
But Vedanta had bid around Rs 17,000Cr, over Rs 2,000 Cr MORE than Adani
Yet their higher bid lost and Adani won the bid despite a lower bid!
So how did the lowest bid win one of India's largest bankruptcy deals?
1/16
Bhavish Agarwal till date has raised about Rs 54,000 cr ($6 Billion) for all his businesses, ranging from AI to Second Hand cars.
To put this in perspective this is what Rs 54,000 cr does for you
1. The total cost of installing the Mk3 Water pump, that greatly alleviated India's water problem - Cost Rs 50,000 Cr
2. Our Entire Rafale deal, was about Rs 58,000 cr
3. The entire first 83 jet order for Tejas, was Rs 50,000 cr
4. ISRO's annual budget, is Rs 18,000 Cr. 33% of what Bhavish raised.
5. The total earnings of Hindi Movie industry, from 2021-2025, was Rs 21,000 cr. Less than 50% of what Bhavish has raised.
6. With Rs 54,000 cr, you can setup
11 Lakh Idli / Dosa outlets
27 lakh Vada pav stalls
36 Lakh Bhel puri stalls
With the amount of money he has raised, one could have
Setup up a functioning Air Force with advanced Fighter jet
Funded ISRO for three years
Supplied all the Villages in the country with Bhel Puri or Idli
He raised more money than what India's biggest movie industry in 5 years.
With Rs 54,000 cr you can do anything.
But somehow, Bhavish Agarwal has not been able to setup a functioning, profitable, stable business with that money.
Once you cross a certain threshold on X, you can easily scale it rapidly by playing (tweeting) to the general sentiments. The average investor sentiments are fickle and larger in number.
But the question is - do you want to be in an echo chamber or an independent voice of reason. Else what's the point of the reach the platform gave you?