Hitesh

Engineer (IIT Delhi) Economist (IIM Bangalore),
Life is a journey, searching for the destination

[Hitesh @hi_tesh]

Sanju samson doesn't do well in situations where he knows someone is waiting to replace him, by his own admission he does well when he is picked as the last resort, just like in T20 WC @GautamGambhir @ShreyasIyer15 @BCCI

[Thierry from arvy 🇨🇭 @ThierryBorgeat]

SpaceX just bought a $60 billion company without spending a dollar.

The deal for Cursor, the AI coding tool, is all stock. No cash. SpaceX prints new shares, hands them over, done.

Now connect it to what happened last week.

SpaceX went public by floating just 4% of itself. 556 million shares against 13 billion. The tiniest free float a mega-cap has ever listed with. Index funds were forced to buy it. Retail piled in. Tiny supply, enormous demand, and the stock rocketed past $200.

Here's the part that should make you sit up.

The price SpaceX pays for Cursor is set by its own share price in the seven days before closing. The higher the stock, the fewer shares it has to print to cover $60 billion.

So the engineered scarcity that pumped the stock now makes the acquisition cheaper. The squeeze pays for the shopping spree.

A company losing $4 billion a quarter is now buying AI startups with paper it manufactured out of a 4% float.

This isn't aerospace. It isn't even AI.

It's the finest financial engineering of the century, and it's only getting started.

[Shashi Tharoor @ShashiTharoor]

I welcome the pushback to my post and interview on the #CockroachJantaParty phenomenon. Many users dismissed it as a Pakistani-manufactured conspiracy, but that is too simplistic: there are also counter-claims by @abhijeet_dipke that 94% of his followers are based in India. Whatever be the truth (and perhaps @Instagram should put the record straight), my point is that suppressing it is foolish in a democracy. Democracy’s great virtue is the outlets it provides for public sentiment, frustration and grievances. Letting these be aired on a satirical site IS in the national interest.

Whatever be the founders’ motivations, there is no denying that they have tapped into an important strain of national sentiment among our youth. As custodians of our democracy, both Government and Opposition need to sit up, listen and tackle the underlying discontent. Ignoring it, denying it and worst of all, suppressing it would be disastrous.

Such movements serve like the valves on a pressure-cooker, letting off steam. If the valves were closed, the cooker would explode under the pressure. I prefer satire to chaos, anarchy or revolution. I also feel it is our job to identify and deliver solutions to the problems of Young India. Let’s lift the ban and tune in!

https://t.co/ASpCV6nBje

[Hitesh @hi_tesh]

https://t.co/JVpKggXaA0

[Shashi Tharoor @ShashiTharoor]

Bursting with pride and relief for @IamSanjuSamson after his superlative innings in today’s virtual quarterfinal against the WestIndies. I had suffered for him as earlier setbacks saw him lose his place in the side. Today he showed the world why he deserved to be there in the first place. Proud of Thiruvananthapuram’s native son, the Pride of India, #NammudeSanju! 🇮🇳
#WorldCup #INDvWI

[Harsha Bhogle @bhogleharsha]

If we ever needed reminding, #SanjuSamson has reminded us that you never write off class. He is a very special cricketer but today the quality lay in his maturity, in the responsibility to be there at the end

[Hitesh @hi_tesh]

Icc no.1 ranked team, no.1 batter, no.1 bowler, this is the situation, because in the WC, cricket is a mental game, not skills game #T20WorldCup2026

[Kiran Kumar S @KiranKS]

In 2024-25, India's states allocated ₹4,70,000 crore for subsidies and freebies. It was 2.5 times the 2018-19 figure.

Compare this to India's total defence budget of ₹6,22,000 crore for the same year.

How soon would the freebies budget overtake the defence budget? 😔

[Hitesh @hi_tesh]

@arunbothra Divide and conquer

[Gautam Gambhir @GautamGambhir]

You have not just created history, you’ve created a legacy that will inspire generations of girls! #LegendsForever 🇮🇳🇮🇳🇮🇳

[Sundar Pichai @sundarpichai]

That was a nail biting women's world cup cricket final, memories of 1983 and 2011 indeed. Congrats to team India, am sure will inspire a whole generation. Great tournament from South Africa too!

[Harsha Bhogle @bhogleharsha]

World Champions. At the stroke of the midnight hour India awakes to history. This is a moment in time that will change the course of the women's game.

[Saketh R @saketh1998]

In July, just three months before the IPO, Piyush Bansal took a ₹200 crore loan to buy Lenskart shares at an ₹8,500 crore valuation.

Now, in November, he is selling those same shares to the public at a whopping ₹70,000 crore valuation and is expected to cash out ₹850 crore himself.

What exactly changed in three months? How did the valuation jump 8X

Maybe it’s time we put on a different lens to see the real picture

[The Kaipullai @thekaipullai]

The Lenskart promoters are not targeting public money. They are targeting the 65-lakh crore that the public has invested in mutual funds and other financial instruments.

It is very difficult to convince 1 lakh investors to part with 1 lakh rupees to collect 1000 crore

But it is very easy to convince 100 fund Managers to Part with 10 crores to reach the same objective.

So, it doesn't matter how much we protest or how much we shout on social media. Because the deal for the IPO has already been made in 5-star hotels and luxury bars.

The IPO will sail thru, the investing MFs will prop the price up for six months, and when the lock in period ends, dump the share on retail investors and run away to Switzerland for a seven-star holiday.

I mean if the promoters really want to raise money from the people for business operations, they won't give reserve only 10% of the offering for the public na?

Previously, when a company used to an Initial Public Offer, it was a public offer because the public was actually involved.

Today, there is no more public in an IPO.

It is only a closed network of MFs, Banks, Financial Institutions and HNIs connected to these institutions.

Kind of defeats the whole purpose of an IPO na?

P:S: If you want to do something, clearly write to your MFs not to invest in this cash grab that is disguised as an IPO.

Your voice will be dismissed faster than a govt babu dismisses a file for which they have not taken a bribe. But you at least will have the satisfaction that you have done something.

[Hitesh @hi_tesh]

The Aus Ind series loss is entirely due to selection issues. From 23 WC heights we have dropped to new lows @BCCI @imAagarkar @GautamGambhir

[Shashi Tharoor @ShashiTharoor]

So Xavier Bartlett took just four balls to show the Indian selectors the idiocy of their decision to leave out the most potent match-winner in their squad, @imkuldeep18, in favour of a journeyman pacer like Rana. It was wrong to omit Kuldeep in England & it is absurd not to pick him in Adelaide. Awful!
#IndianCricket #IndvAus #KuldeepYadav

[Shashi Tharoor @ShashiTharoor]

This is truly dismaying. Corruption remains rampant across the system and most companies simply comply as part of the “price of doing business”. It doesn’t have to be this way. Indeed it must not be like this if the country is to grow and prosper.

[Ajay Bagga @Ajay_Bagga]

Chinese Foreign Minister Wang Yi told the European Union’s top diplomat that Beijing can’t accept Russia losing its war against Ukraine as this could allow the United States to turn its full attention to China.
Wang’s private remarks suggested Beijing might prefer a protracted war in Ukraine that keeps the United States from focusing on its rivalry with China. They echo concerns of critics of China’s policy that Beijing has geopolitically much more at stake in the Ukrainian conflict than its admitted position of neutrality.

[Mufaddal Vohra @mufaddal_vohra]

Washington Sundar alone scored 39 in the 10th wicket partnership which helped India set 374 target.

- One of the most underrated contributions from Washi. 🙇‍♂️

[BCCI @BCCI]

𝗕𝗲𝗹𝗶𝗲𝗳. 𝗔𝗻𝘁𝗶𝗰𝗶𝗽𝗮𝘁𝗶𝗼𝗻. 𝗝𝘂𝗯𝗶𝗹𝗮𝘁𝗶𝗼𝗻!

Raw Emotions straight after #TeamIndia's special win at the Kennington Oval 🔝

#ENGvIND