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Aug 23, 2022 6 tweets 5 min read Read on X
#AdaniGroup sheds ₹94,000 crore in value after a report says it’s ‘deeply over-leveraged’

businessinsider.in/stock-market/n…

By @jainrounak
All the seven #AdaniGroup companies were hammered on the stock exchanges today after a CreditSights report outlined that it is ‘deeply over-leveraged.’

In the first half of trading today, Adani Group lost over ₹94,000 crore in value, with the top loser being #AdaniGreen.
#GautamAdani’s spectacular rise to the top of India’s richest man, is fueled by debt, the report said. Two years ago, his total wealth stood at a meagre $10 billion – in comparison to today when he is now worth $136 billion.

businessinsider.in/thelife/person…
The report said that most of #GautamAdani’s fortunes constitute ‘paper wealth’. His spot in the top richest men list is fuelled by the value of his stock holdings.

This #debt that could unravel Adani’s sprawling business empire, according to the report.
The report went on to point out that the group’s competition with #RelianceIndustries, low equity infusion as risks, while maintaining that the #AdaniGroup can gain from the Indian government’s massive infrastructure spends.
While today’s rout in the #AdaniGroup companies is big, investors who put their money in the Adani empire in 2020 have seen huge returns – every ₹1 lakh invested in the Adani Group in 2020 is now worth over ₹7 lakh.

Here are the returns of the seven Adani Group companies👇

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More from @BiIndia

Sep 9, 2022
#Brahmastra wipes out over ₹800 crore wealth of PVR and Inox #investors

businessinsider.in/stock-market/n…

By @jainrounak
Forget making back money, it looks like Brahmastra is taking down PVR & Inox investors with itself. With early reviews pouring cold water on #Brahmastra’s prospects, India’s largest theater chains PVR & Inox have cumulatively lost over ₹800 crore in market capitalization today.
In Indian mythology, #Brahmastra is known as a weapon of unstoppable destruction, which can only be stopped by its counterattack astra (weapon). Ironically, the movie could end up being a victim of the weapon it is named after.
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Sep 9, 2022
Britain's longest-reigning monarch #QueenElizabethII died on Thursday at England’s Balmoral at the age of 96.

The Queen ruled Britain for 70 years following her father King George VI’s sudden death in 1953.

#QueenElizabeth
The late #QueenElizabethII has visited India three times – in 1961, 1983 and 1997, each time accompanied by her husband and Duke of Edinburgh, the late Prince Philip. Her first visit came nearly 15 years after India's independence.

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Sep 9, 2022
From coins, notes to national anthem, here's how #KingCharlesIII will replace #QueenElizabethII

#QueenElizabeth

businessinsider.in/international/…

By @jainrounak
#KingCharlesIII takes over as the British monarch after the death of #QueenElizabethII, and that will lead to a demonetisation in the UK. New coins and currency notes will be minted and printed after the designs are approved.

#QueenElizabeth
The death of #QueenElizabethII has given the British monarchy its first King after over 70 years. The old coins and notes will be slowly phased out of circulation.

The old coins and notes featuring #QueenElizabeth II will continue to be legal tender for the time being.
Read 7 tweets
Sep 8, 2022
Here’s how much the #iPhone14, new Apple Watches and the #AirPodsPro 2nd generation will cost in India

#AppleEvent @Apple

businessinsider.in/tech/news/here…

By @sourabhjain24 Image
#Apple launched several new devices at its Far Out event, including the new iPhone 14 series, three Apple Watches and the AirPods Pro 2nd generation.

Here are the price and availability details of all the devices launched by the Cupertino giant today.

#AppleEvent Image
Apple iPhone 14

The #iPhone14 is the base variant and comes with a few upgrades over its predecessor, including the A15 Bionic chipset, upgraded cameras and longer battery life.

#AppleEvent Image
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Sep 8, 2022
Here’s everything new on the #iPhone14 and 14 Pro — Dynamic island, satellite connectivity, always-on display and more

#AppleEvent #iPhone14Pro @Apple

businessinsider.in/tech/mobile/ne…

By @sourabhjain24 Image
Apple has announced the much-awaited #IPhone14 series, the company’s latest flagship offering. In addition to the iPhones, the company also announced Apple Watch SE, #AppleWatchSeries8, Apple Watch Ultra and the AirPods Pro gen 2.

#AppleEvent
businessinsider.in/tech/news/appl…
Coming to the iPhone 14 series, the Cupertino giant has introduced four models – the base #iPhone14, iPhone 14 Plus, #iPhone14Pro and the top-end iPhone 14 Pro Max.

Apple has made significant changes to the iPhone 14 series.

#AppleEvent Image
Read 10 tweets
Sep 7, 2022
#JamesWebbSpaceTelescope's new photo of the Tarantula Nebula caught thousands of never-before-seen baby stars

#NASAWebb

businessinsider.in/science/news/w… Image
Astronomers focused the #JamesWebbSpaceTelescope on Tarantula Nebula, one of the brightest and most active star-forming regions in our galactic backyard, and found thousands of young stars they hadn't seen before, images released by NASA on Tuesday show.

webbtelescope.org/contents/news-…
The Tarantula Nebula, is an immense cloud of gas and dust about 160,000 light-years away in the Large Magellanic Cloud, a satellite galaxy of the #MilkyWay. The nebula has birthed some massive stars, a few that are more than 150 times the mass of our sun.

businessinsider.com/astronomers-sh…
Read 8 tweets

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