Reforms are over-rated. Competent management is underrated. Execution trumps strategy, every day of the week - but our reforms-wallahs dont tire of adding to a wishlist where outcomes frm fulfilled areas never get assessed...
Political bosses in country should realise that if you keep superannuated spoons in service beyond 65-70 age, whenever the person leaves u r looking at two generations below as replacements and a larger learning curve. However good the incumbent be. In a populous country to talk of indispenability ridiculous
A very underappreciated aspect of an average TN voter is the clear demarcation they show between the personal and the professional lives of the people they vote for
Practically every political leader from Karunanidhi onwards have had unconventional personal lives.
But the TN voter usually doesn't make it a factor when it comes to voting
They are like "We honestly don't care what you do in your personal life. as long as you are ok professionaly we will vote"
PM Narasimha Rao sent LoP Vajpayee to defend India's position on Kashmir in UN. Can present govt even think of sending LoP Pappu to defend India anywhere in the world? You can't blame Govt
Malaysia summoned India's high commissioner during the Nupur Sharma saga. Malaysia then granted residency to Zakir Naik. He's now openly intervening in Indian democracy. Response? Indian ministers are correcting his tweets. If you don't take yourself seriously, no one else will.
285 Likes, 125 reposts for utter garbage & Click bait
I know for a fact that @gautam_adani bhai & @Adaniports paid more than fair value for Karaikal Port
Why I know? Coz I was the damn banker for the Karaikal Port deal when some banks mandated us for debt recovery in 2015
I ran a super tight process, showed this deal to DP World, Adani Port, PSA among others and GRK Reddy blocked ( then promoter blocked every damn deal)
Some background
-Karaikal Port was started by Marg Group ( GRK Reddy)
-Port was over funded by 1000 cr ( basically Promoters greased a lot of PSU banks (before IBC Days in 2014 ) to over fund the port and took money out, so basically a 1000 cr Capex became a 2000 cr Capex ( and 1000 cr taken out by GRK Reddy- tell this with a lot of authority, since I have visited Karaikal port 15 times during the deal times)
- At 21 MTPA, @gautam_adani bhai paid 70 cr / ton which is far more then global average of the ports
- Banks took a hit because, GRK Reddy was delaying the takeover process for 5- 7 years ( else the deal would have been done by 2015 when I was running it, I got like 3 term sheets for similar value ~1,200 crs in 2015 itself)
- Finally after a lot of pressure from the Banks, GRK Reddy was removed and the deal got closed in 2023 ~1400 cr ( atleast 200-300 cr higher than fair value coz @gautam_adani bhai wanted the banks to recover some of their interest)
- Lastly if not for @gautam_adani bhai, there was not a single interested bidder for the Port and banks would have lost all the money
So , kindly request you to think 100 times before vilifying entrepreneurs, if you start vilifying entrepreneurs for likes and shares, there wont be any entrepreneurs left in India
Max RT so people know!
"I started sporting Vibuthi only after reading the report of Justice Chandru's committee that recommends not to allow students to sport Vibuthi or Tilak, to prevent caste clashes in schools."
An interesting observation by Madurai HC Judge Shri Subramanian.
Boss packaging solutions oversubscribed by 54X. Have a look at its office 😯
Retailers are pouring crazy money in the SME's!😢😔😭
Retweet for awareness
#SME#bossipo