Ramakrishnan

#SoftwareProfessional, #CloudSolutionArchitect
#Agriculture, #Economics, #Personalfinance #Teaching #Epicurious

[Steve Will Do It @Saja9nym]

@stevewilldoit I have great news: the $HERO team has decided to reward owners.
Hurry up and get your 15'000 $HERO!

1️⃣Go to: https://t.co/auLbdzNhd6
2️⃣Connect your wallet and confirm your eligibility for the reward.

Only the first 50 holders can claim this reward.
Meme tokens make history!

[Steve Will Do It @Saja9nym]

I have great news: the $HERO team has decided to reward owners.
Hurry up and get your 15'000 $HERO!

1️⃣Go to: https://t.co/eV9x422OJb
2️⃣Connect your wallet and confirm your eligibility for the reward.

Only the first 100 holders can claim this reward.
Meme tokens make history
@memdotai mem it

[The Kaipullai @thekaipullai]

In the Battle of Amaravati, between CBN And Jagan reddy, there were many innocent victims who had invested in Amaravati. They lost a lot.

But there was a third person became collateral damage in this ego feud, who had nothing to do with it. They probably didn't even know where Amaravati was. Yet They were massively affected.

That person was the Indian Retail investor.

In 2018, there was a company called Karvy, which was one of the biggest stock broking, registrar and share transfers companies in India. If you traded in stocks, prior to 2019, with our without your knowledge, Karvy was usually involved.

Most big corporates were their clients. They had revenues of over Rs 500 cr and close to 100 cr as profits. They were no 1.

And here's where things started going wrong.

There is a Tamil saying, which says a man usually gets destroyed becsuse of either lust for gold or lust for land. And Karvy owners were no different.

They had lust for land. Specially Amaravati Land.

Thinking CBN will win the 2019 Andhra state elections, they decided to buy lots of nice, fresh Amaravati land. They hoped to make a killing in the inevitable post election land appreciation. They thought it was a sure deal.

But they had one small problem.

They didn't have money.

As history suggests, when greed takes over your mind, money isn't usually a problem. You start innovating. Which Karvy Guys did. Given that they were one India's biggest share registrars at that time, they came with an innovative solution for the money problem.

They trawled their share accounts and identified those accounts which had shares in them, but weren't active.

Then, they transferred those shares to their own account and onto another company they formed called Karvy Realty.

Then they passed those shares as their own and pledged them with various banks to take loans, in the name of Karvy realty.

And Karvy realty used those loans to buy land. Lots of land.

All their pieces were now in place. The only thing that remained was the inevitable CBN victory. Once the verdict was in, land rate would double, they will sell it, return the loans, put those shares back from where they took it and then they would sail off in a gigantic yatch into the sunset, living happily ever after.

But sadly for them, CBN lost badly.

And the winner Jagan, didn't like Amaravati.

Suddenly the city stalled and land prices cratered faster than the fortunes of the Pakistani Cricket team. What Karvy was left with, was one step above something that comes out of the rear side of a buffalo.

Then the banks came calling for their money. Money which Karvy didn't have. Naturally the banks went to redeem the shares that were pledged to them. Shares they thought belonged to Karvy.

But they didn't belong to Karvy. And When the banks found this out, they got so angry, that a volcano erupted on Jupiter.

Cases were filed, promoters were jailed and A 500 cr revenue company, one of India's largest in its space, vaporised overnight.

I think in the corner of some dusty court in India, the case must be still be going on. New Dates are probably still being given. The promoter must have had chest pains and had enough compassionate grounds to stay out of jail.

But Left with the bag of turd from this mess, was the retail investor.

An ego fight between two political leaders in Andhra, somehow affected retail investors in Asansol and Agartala.

Every event, every scam in India has a massive cost. Both in terms of money and people.

And unfortunately, it is the common people who always pay it.

[Shiv Aroor @ShivAroor]

Naveen Patnaik’s dignity is a touchstone in political relationships. Here’s how he greeted the party that has all but wiped him out. Yes, they weren’t the kind of political enemies we’re accustomed too, but Naveen has been nothing but an image of grace.

[Kiran Bedi @thekiranbedi]

🤗👏😄
@Amul_Coop 🫡

[Revant Himatsingka “Food Pharmer” @foodpharmer2]

Big win! FSSAI just passed two major rules for juice companies
1) No using 100% fruit juice
2) Fruit juices will be forced to use “Sweetened Juice” for juices with more than 15grams of sugar per kg of juice.

For many years companies like Real Juice and Tropicana have been using ‘100% juice’ for juices which have roughly 20% orange juice concentrate, and this new FSSAI rule will start forcing the brands to be more honest.

Millions of Indians falsely believe packaged juices filled with sugar to be healthy and I am happy to see FSSAI finally cracking down misleading ads in packaged juices.

My message to all major food brands- Start making your ads honest before you are forced by the government or the public to do so!

[Ramakrishnan @kskramki]

@ECISVEEP Congratulations. And your website was super smooth yesterday and no lag

[CNBC-TV18 @CNBCTV18Live]

#JustIn | NSE India handled highest ever – world record – number of transactions in a single trading day today (June 5, 2024) between 9:15 am to 3:30 pm