Dinesh Burad

Faithfully Optimistic | Adventurer @cadburad

[Dinesh Burad @cadburad]

It isn't the mountain ahead to climb that wear you out; it's the pebble in your shoe - Muhammad Ali
#MotivationalQuotes @LewisHowes @cadburad

[Narendra Modi @narendramodi]

I welcome the understanding reached between the United States and Iran on ending the conflict in West Asia, which has caused serious economic disruption across the world and led to loss of life in many countries.

India hopes that the implementation of this understanding will help restore peace and stability in the region and ensure the freedom of navigation and commerce.

We look forward to deliberations on the remaining issues reaching a sustainable final agreement.

[The Kobeissi Letter @KobeissiLetter]

Absolutely incredible.

SpaceX, $SPCX, is now trading above $220/share in overnight trading.

This makes SpaceX worth nearly $2.9 TRILLION, less than $100 billion away from surpassing Microsoft.

This also puts SpaceX up +63% from its IPO price of $135/share.

Furthermore, the combined market cap of both SpaceX and Tesla is now at a record $4.4 trillion.

That’s bigger than the market cap of Apple and roughly equivalent to the market cap of Google.

To top it all off, SpaceX raised a record $85.7 billion after underwriters exercised the "greenshoe" overallotment.

Never in history has an IPO ever come remotely close to what we are seeing right now.

Truly incredible.

[Tukaram Mundhe @Tukaram_IndIAS]

मी स्वतःच स्वतःला

नागरिकांच्या अपेक्षांनी

आणि

त्यांच्या संघर्षांनी…

#inspiration #leadership #society #FDA #TukaramMundhe

[RedboxGlobal India @REDBOXINDIA]

GOVERNMENT NOTIFIES FEMA RULES TO EASE FOREIGN INVESTMENT IN INDIAN STOCKS

Key changes include:

Individual Persons Resident Outside India (PROIs) can now invest directly in listed Indian equities through the Portfolio Investment Scheme (PIS), a facility previously limited to NRIs and OCIs.

Individual investment limit increased from 5% to 10% in any listed company.

Aggregate limit for all individual PROIs increased from 10% to 24%.

Move is aimed at attracting larger and more stable foreign capital inflows into Indian equity markets.

[Arpit Shah @arpitsinger]

Did you know that a #Jain shravak donated ₹1 lac each to 7,000 needy Jain families all across India (₹ 70 crores). He is considered an epitome personality in Sadharmik Bhakti ~meet “Kalyug ka Chamatkar” ~ Shri Kalpeshbhai V Shah. Read his complete story in the thread
#Jainism

[Emmanuel Macron @EmmanuelMacron]

🇮🇳🇫🇷

[Muthukrishnan Dhandapani @dmuthuk]

Right from the recent killing of three Indian sailors in a US strike on an oil tanker to the strong headed behaviour of the Trump administration - its arrogance is not surprising. What is surprising is why we are becoming so meek?

[Uday Kotak @udaykotak]

SpaceX IPO, listing, and beyond, is a true test for capitalism. The valuation does not fit any traditional matrix and is a huge bet on the future course of planet earth. Only time will tell whether we, the human race, have arrived into the fairy tale world we grew up in as children, or are in a mega bubble. Either ways, kudos to the man who came as an immigrant, and to the country that has allowed such boundless creativity to flourish despite all the risks it embeds.

[Dinesh Burad @cadburad]

Be forgiving with your past self. What’s done is done. No sense in beating yourself up to it - @JamesClear 🌟

[Narendra Modi @narendramodi]

Thank you, President Trump, for your warm wishes.

I look forward to working with you to further advance the India-US Comprehensive Global Strategic Partnership, for the benefit of both our nations and the world.

@POTUS

@realDonaldTrump

[CA Bimal Jain @BimalGST]

🔥🟥 SC dismissed Revenue’s SLP; Affirms No GST On Assignment of Leasehold Rights in Industrial Land

⚠️ The Hon’ble Supreme Court in the case of Assistant Commissioner (Anti Evasion) & Anr. v. Aerocom Cushions Private Limited [Special Leave Petition (Civil) Diary No. 26041 of 2026 dated May 22, 2026] dismissed the Special Leave Petition (“SLP”) filed by the Revenue against the judgment of the Hon’ble Bombay High Court.

📚 Read Detailed GST Newsletter at: https://t.co/JQDMcdsrq0

[Reads with Ravi @readswithravi]

I'm in love with this sentence:

“Forgive yourself for not knowing earlier what only time could teach.”

[SecuritiesandExchangeBoardofIndia @SEBI_updates]

#SEBIOrder: SEBI issued an interim order against Rajesh Exports Limited and its Promoter and Executive Chairman Mr. Rajesh Mehta relating to prima facie violations under SEBI Act and PFUTP Regulations. The prima facie violations relate to inducement to investors to deal in scrip of Rajesh Exports Limited by presenting false financials through inflated consolidated revenues, fictitious standalone transactions, incorrect consolidation. There are also prima facie violations relating to misutilization of funds through personal accounts. There are also allegations of non-cooperation with investigation and forensic auditor.

Directions have been passed restricting Mr Rajesh Mehta to deal in scrip of Rajesh Exports Limited. Company is directed to cooperate with investigation and forensic auditor and provide all the information sought for.

Details at: https://t.co/7xtcxN1wcN

[Moneycontrol @moneycontrolcom]

SEBI flags Rs 15.15 lakh crore revenue misstatement in interim order against Rajesh Exports

@BrajeshKMJi with details 👇
https://t.co/NWBRCMaUbN

[Muthukrishnan Dhandapani @dmuthuk]

The AAP MP who spoke about the pains of salaried class in parliament almost every other day, is now completely silent on most critical CBSE issue affecting the same class of people.

There are only few countries in the world where there is absolutely no corruption. Every other country has it in varying degrees. The day to day corruption encountered by people in India is very high.

The solution would not be offered by any political party or movements like IAC.

RTI was a right step. Outsourcing passport processing to TCS was a right step. Laws and processes need to be such that there is a reduced scope for corruption.

Moral outrage alone would not work. Some political party would simply reap the benefits. Or the anti corruption movement would become another political party which is no different from existing ones.

Need to replace bureaucrats arbitrary personal approval with automated, rules based procedures. Personal approval should only be for exceptions.

We've to start somewhere.

[Lalit Rathi - LKR @lalitinvestor]

My mind is blown away reading the 109 page SEBI order on Rajesh Exports… not that its surprising given some in last few yrs had called it a fraud but shocked on the size of it and how a Rs 3,000 crore market cap company may potentially be heading towards ZERO.! 😲

This is not a normal accounting issue. This is SEBI practically alleging that out of nearly Rs 15.45 lakh crore consolidated revenue reported over 5 years, close to Rs 15.15 lakh crore revenue itself may have been misrepresented. Yes, you read it right - lakh crore.

And the most shocking part?
The core operating subsidiary, Valcambi SA, whose numbers supposedly drove the entire global scale of the group, reportedly showed only a few hundred crores of standalone revenue annually in audited Swiss accounts. Meanwhile, the holding structure above it magically showed revenues running into several lakh crores.

SEBI’s allegation is brutally simple in layman terms: A refining business which allegedly earned only processing charges/value addition was shown at group level as if the company owned and traded the entire value of gold flowing through the system.

Imagine a toll booth operator claiming ownership of every car crossing the highway and booking the value of all cars as its own revenue. That is broadly what SEBI is questioning here.

The order repeatedly mentions:
• No proper invoices
• No customer/vendor level breakup
• No ERP access
• No journal dumps
• No confirmations
• Missing subsidiary financials
• “Swiss confidentiality laws” being cited to deny information

SEBI has also highlighted that even the forensic auditor BDO India faced severe non cooperation.

What makes this even more serious is that this is an ex parte interim order. Meaning SEBI has passed the order based on its own investigation and material gathered, without relying on cooperation from the company side. Regulators generally do not go this aggressive unless they believe the findings are extremely serious.

The statutory auditor named in the order is BSD & Co, a mid sized Bengaluru based audit firm along with P V Ramana Reddy & Co. SEBI has specifically mentioned non submission of working papers and missing subsidiary records.

Another fascinating angle:
The annual reports reportedly show borrowings of around Rs 1,000 crore, but there is very limited clarity on which banks gave these loans and against what underlying audited cash flows.

This may go down as one of the most dramatic accounting fraud allegations ever seen in Indian capital markets post Satyam..

If even a fraction of SEBI’s findings sustain, this is not just a corporate governance failure. This is a complete collapse of reported financial reality.

Absolutely insane reading.!

You can read the order here - https://t.co/RWP594BT2r

#Rajeshexports

[Dinesh Burad @cadburad]

@dmuthuk FIIs will keeps offloading the stocks and the govt will keep celebrating the retailers buying and monthly SIP 🙈😂😅

[Muthukrishnan Dhandapani @dmuthuk]

Marico Rubio says soon US would stop allowing India to import Russian oil. Already we are going through big crisis. Bloomberg reports RBI sold $12 billion worth of gold to buy forex.

The decision to pledge gold in 1991 is still being criticised. But it was only pledged and came back to country.

Even a poor household in India only pledges gold. Rarely they sell it.

Why we are in a situation to sell our gold reserves?

Despite importing from Russia and not paying in dollars, our situation is bad. If we are going to listen to the dictum of US and stop buying Russian oil, where are the dollars to buy from America and it's allies.

For now, there seems to be no resolution in sight for US Iran conflict. Even Prime Minister has warned how severe impact it would create for our economy.

Again 2013 fragile five status of India is repeatedly criticised. Even economists close to government like Surjit Bhalla now says we are now the most fragile economy in the world. And he said, may be Turkey can be added to it to call as fragile two.

PV Narasimha Rao acknowledged the crisis in 1991 and worked towards bring India out of it. What are we going to do now?

[Uday Kotak @udaykotak]

Google which is cash surplus, just announced an additional capital raise of $80 bn.
Google annual profit is $160 bn, last quarter $62 bn, and market cap $4.5 trillion. That is close to total profits and market cap of all Indian listed companies put together.
It’s a wake up call to all companies to invest into the future, whatever the present maybe.
Now that IPL is done and dusted, time for India to focus on business of business.