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Today, Adani's stocks are in the news for all sorts of wrong things. But this is not new.
Something eerily similar happend 25 years ago - thanks to a devious stock market operator - Ketan Parekh.
#TimeTravelWithMe to revisit a scam that brought India to a standstill
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Something eerily similar happend 25 years ago - thanks to a devious stock market operator - Ketan Parekh.
#TimeTravelWithMe to revisit a scam that brought India to a standstill
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The story begins in the late 90s when the Internet was a new phenomenon & people were waking up to its possibilities.
The stock market buzz for companies that dealt with the internet was crazy & there was a large demand for the next big thing in the country 2/n
The stock market buzz for companies that dealt with the internet was crazy & there was a large demand for the next big thing in the country 2/n
In this climate entered Ketan Parekh, a stock broker born into a family of brokers who operated both in Bombay & Calcutta stock exchanges. He was an upcoming star on Dalal Street & started building his own set of associates & followers 3/n
#OnThisDay 11th January 1966, India's 2nd Prime Minister Lal Bahadur Shastri died in Tashkent unexpectedly.
Was it a heart attack? Was he poisoned? Was foreign forces at play?
#TimeTravelWithMe to revisit the biggest unresolved Indian political mystery ever.
A chilling 🧵
Was it a heart attack? Was he poisoned? Was foreign forces at play?
#TimeTravelWithMe to revisit the biggest unresolved Indian political mystery ever.
A chilling 🧵
The story starts on May 27th 1964, when Pandit Nehru, India's 1st PM died. A succession battle ensued. A faction wanted Indira Gandhi to be named the PM.
But the Congress President Kamaraj intervened to name Lal Bahadur Shastri as the next PM. A silent kind personality.
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But the Congress President Kamaraj intervened to name Lal Bahadur Shastri as the next PM. A silent kind personality.
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Nehru had been a flashy, popular & charismatic world leader. Shastri, on the other hand, was a simple Gandhian who wore a traditional dhoti and stood 5'2 in height.
There was a shift in the leadership brand. And many people assumed simplicity to be same as weak. 3/n
There was a shift in the leadership brand. And many people assumed simplicity to be same as weak. 3/n
