Sunil Singhania. 🔥
Joined Reliance MF in 2003 When It Had Under ₹100 Cr In Equity Assets.
Grew it to ₹80,000 Cr & 100x in 22 years.
Left In 2018 & Built Abakkus From Scratch
Some Of Abakkus Big Hits
AGI Greenpac: 8.3x
Anup Engineering: 8.3x
HG Infra Engineering: 8.1x
Technocraft Industries: 7.6x
Ion Exchange: 7.2x
Currently Manages ₹40,795 Cr At Abakkus & Personal Portfolio Worth ₹2,100+ Cr Across 20+ Stocks.
Respect For Such Conviction In Indian Markets. 🔥
He is Rajesh Sharma from HP
He is A Hardcore BJP Supporter
He Supported ISRAEL in the War Against Palestine.
He Wanted ISRAEL to Completely Wipe Out the Muslims from Gaza
He Supported the Massacre of Innocent Childrens
Now, His Only Son Was Kil'ed on a Ship in the Strait of Hormuz by a US and Israeli missile.
His Son Aditya Sharma Was on the Ship duty that time.
Perhaps This is What is called God's Justice.. I'm Really Sad About
Aditya's Death..
But So Angry about His father's Mentality..
If You Are A Modi Supporter
And A ISREAL Supporter too
Please do Not Abandon Humanity
GADKARI'S ETHANOL GENIUS?
Grow rice with 25 irrigations using taxpayer electricity, then sell it to ethanol plants at ₹22 -half the ₹42 production cost.
India is the only country in the world doing this.
Video Clip: Ashok Gulati via ET
Important: So @ECISVEEP stays ‘silent’, doesn’t respond to Cong demand to reconsider Meenakshi Natarajan nomination for Rajya Sabha from MP when all the available evidence suggests that prima facie this was hardly a case which required a nomination rejection. At the very least, one would have expected clarity from a top constitutional body. Meanwhile, all 3 BJP candidates declared unopposed. Matter will now be heard in SC only tomorrow and expect ‘tareek pe tareek’ and a prolonged hearing. Yet another nail in the coffin of an institution one looked upto as a neutral umpire. 🙏
Exclusive: ‘Both foreign and domestic investors aren’t putting assets on the ground.. that is suggestive that they see something that is not reflective in the headline GDP numbers.. what does India stand for economically.. talking of 2047 is irrelevant if you don’t chart a clear path for today.. how are you going to provide jobs to millions of young Indians ..’ Raghuram Rajan does some plain speaking here. Worth a listen.
India's GDP growth claims are False & the Govt needs to wake up. Otherwise it will never even begin to understand why jobs aren't growing.
Renowned economist Santosh Mehrotra has explained this tracing the reasons from 2016 - DEMONETISATION & GST.
Next part Covid mess🧵 1/2
Indian IT services model:
Sell 3 smart people bundled with 7 absolutely sub-mediocre people to clients and bill all 10 at the same rate.
This business model is set to collapse
Now, the new business model: 3 smart + 2 mediocre + AI tools to deliver the same service in half the time
Revenue loss: 5 people billing + job getting done in half the time
It means a million-dollar project to be priced at less than $400K
This is a common practice in India. People make compromises they think they can get away with. When tens of thousands of parts are involved disasters are inevitable. The end result is that India cannot make even decent bikes.
🚨Income Tax Is Sending Notices To ..........
1. Invested in Foreign Stock (Not Reported in ITR)
2. Dividend income from Foreign Stock
3. Having Foreign Assets
4. Claiming 80G Deduction in 80GGC (Vice Versa)
5. Falsely Caliming 80G & 80 GGC Deduction
6. Donation to Rupp & Claim Deduction
7. Not Filled ITR Despite of High Turnover
8. Not Reported Income in Correct Head
9. Filling Wrong ITR Form
10. Significant Transaction in AIS & TIS
11. AIS & TIS & 26 AS Mismatch
Last Year Income tax send Bulk Notices for above Transactions.
So be Carefull while Filling this Year ITR & Verify These Transactions.
Resident Indians have to deposit an unfair 20% TCS on forex spends (above a certain limit) under so called 'liberalised' remittance scheme. Then claim back in IT returns
BUT now..
NRIs can make ~ 15-20% dollar returns BECAUSE RBI/GoI is going 2 bear cost of forex hedge
.. 1/2
Morgan Stanley exec gave her honest Bitcoin forecast through 2030.
"No J-curve. No magic moment. Just continued grinding adoption. The same pattern we've watched for a decade." - Amy Oldenburg
Honestly the most credible thing I've heard in a while. Zoom out enough though and Bitcoin's growth does look like a J-curve.
@natbrunell CoinStories podcast.
Father of Aditya Sharma was once celebrating and saying Kudos to Israel for killing lakhs of innocent people in Gaza including children
Today he is pleading to return his son's dead body who got killed in US Navy attack in Oman
Life is so unpredictable, never celebrate other's loss just because you like one specific political narrative
You never know what is waiting for you in future
RIP Aditya Sharma 🙏
15 years ago TCS (40-50 billion mcap)was 5 times bigger than NVIDIA ( 8-9 billion mcap)
Now NVIDIA( 5 trillion) is 25 times bigger than TCS (200 billion)
Tcs flushed with cash remained boot licking and consultancy with zero innovation
THE MAN WHO CALLED 1987, 1990, AND 2000: MARC FABER'S UNFILTERED WARNING ON RATES, BRICS, AND CASH
Marc Faber stands as one of the most respected and feared voices in global finance. With more than fifty years of experience that includes calling the 1987 crash, the Japanese asset bubble, and the dotcom mania, his words carry weight that mainstream analysts simply cannot match. When he speaks about the true state of inflation, the safety of American gold, and the future of money itself, smart money listens closely.
THE LEGENDARY TRACK RECORD
➡️ Marc Faber has more than five decades of stock market experience under his belt.
➡️ He not only witnessed but also predicted the October 1987 crash, the Japan bubble collapse in 1990, and the dotcom bubble burst in 2000.
➡️ As editor of the legendary Gloom Boom Doom Report, he continues to deliver unvarnished analysis to subscribers around the world.
THE INFLATION REALITY CHECK
➡️ Official statistics claim inflation runs at just 2 to 3 percent in the United States and Europe.
➡️ Faber cites rigorous calculations from Shadowstats showing actual consumer cost increases closer to 10.5 percent per year.
➡️ These hidden costs include insurance, housing, education, and automobiles that far outpace the manipulated official numbers.
THE FORT KNOX GOLD DOUBT
➡️ Faber harbors serious doubts that America's gold reserves remain safely stored in Fort Knox.
➡️ He wonders aloud whether past officials or presidents may have removed the gold without anyone noticing.
➡️ "Tell me, what is the word of an American worth?" he asks pointedly, referencing broken promises from Vietnam to questionable election results involving mail-in ballots.
THE RISING YIELDS AND LONG-TERM CYCLE
➡️ After four decades of falling interest rates from 1981 to 2020, a new rising trend has begun.
➡️ Faber expects this upcycle to last until around 2040 or 2045 and possibly exceed the 15 percent peaks seen in 1981.
➡️ Higher borrowing costs will feed directly into business expenses and ultimately higher prices for consumers.
THE BRICS AND THE UNIT
➡️ BRICS nations have launched a pilot gold-backed trading currency called The Unit to reduce reliance on the dollar.
➡️ This move follows repeated US seizures of foreign currency reserves held in America.
➡️ Faber advises central banks to pull their physical gold out of US custody because its very existence there remains unverified.
THE AI WINNERS AND LOSERS
➡️ Massive technological shifts driven by artificial intelligence will cause most companies to go bankrupt.
➡️ A select few survivors will make enormous amounts of money in the process.
➡️ Asia enjoys a structural advantage because it lacks the green activists and heavy socialist interventions that stifle growth in Europe.
THE CASH RECOMMENDATION
➡️ Faber strongly advises to diversify and avoid taking huge risks in the current climate.
➡️ Almost everyone is rushing into stocks, real estate, and collectibles, leaving cash with low returns and unloved by the crowd.
➡️ This very fact makes cash potentially interesting right now, precisely because nobody wants it.
➡️ When the risk-off moment arrives, cash becomes king, exactly as Warren Buffett has long described.
THE BOTTOM LINE
Marc Faber entered this interview with the same directness that has defined his five-decade career. He sees a world of eroding trust, hidden inflation, and dangerous policy interventions, yet he offers a clear path forward through diversification and a fresh look at cash that nobody else seems to want right now.
Cash is king when everyone else is chasing the next bubble.
HT: YouTube Kettner-Edelmetalle (Gold & Silber)
#MarcFaber #GloomBoomDoom #RealInflation #FortKnoxGold #BRICS #InterestRateCycle #CashIsKing
IMPORTANT: | 'Gross Abuse Of Law' : Delhi High Court Quashes FIR & ED Case Against NewsClick, its editor Prabir Purkayashta. Yet again, PROCESS IS PUNISHMENT! Yet again, state power used to target dissenting voices! 😡Are we surprised then to rank so low on global democratic indices?!😡 https://t.co/EH5oK3dKtU
Modi Govt's breaking down of existing iconic govt buildings, like Vigyan Bhavan, Udyog Bhavan (already gone), Krishi Bhavan, Nirman Bhavan
and Shastri Bhavan
(I worked for years in all, except Krishi & Vigyan)
is a RACKET and building stodgy buildings there is a BIGGER RACKET.
I have said it in the past that any transformational technology (from mechanization of spinning and weaving centuries ago to computerisation of banking operations in the 80's) is seen to take away jobs... and this does happen in the immediate aftermath but it always ends up generating much more employment.
Here is Mr. N Chandrasekaran setting out how AI may play out in the enterprise segment for IT services.
@firstglobalsec@fghumsmallcase@bsindia
#AI
#ITservices
PM Modi is saying 'thank you' to Trump.
Thank you for exactly what? For attacking ships with Indians on board and killing Indian nationals? The situation has become hopelessly embarrassing for our country now.
Modi ji has completely surrendered India's sovereignty, pride and the lives of its citizens to Trump. India needs a strong Prime Minister. Trump cannot be allowed to do whatever he pleases with our country and our people.