Dabur did the same thing during #covid. Do these brands have any Moral ethics ? Here is my #thread on #DaburChyawanprash disputing what they claimed about the product.
Today LIC owns 45.8mn shares of #AdaniEnterprises worth 18000cr making them the Single largest Buyer and Single Biggest Non-Promoter Holder with 15% of the Free Float. Return on this holding is STELLAR.
So what was the Rs10,800cr Mistake ?
Back in 2017 March, LIC owned ~28mn Shares (Worth Rs11000cr at todays CMP of Rs3961).
By June 2017, LIC holding was REDUCED TO ZERO and it netted LIC just Rs235cr (Rs2.35bn) at an appx price of Rs84/sh
#EVMs#Elections: When does your vote eventually get recorded? Ran a poll & 187 people participated across 2 instances. 55% voted in favor of VVPAT. Remaining 45% for other 3.
Take a DEEP BREATHE - ALL 4 Options ARE WRONG.
Why? Vote get recorded ONLY on CLOSURE of EVM
These machines comes with 1 TIME WRITE CHIP. Once the EVM runs out of either vote capacity or the voting booth has to be closed, the final tally of the Votes that have been cast get recorded ONCE & FINALLY on this Chip and Cant be changed.
So how can EVMs Malfunction? 2 ways
Understand why i used the word malfunction
1) Every EVM comes with a RESET button for testing it machine before its used. RESET button resets the "Test Votes" that are cast during testing exercise on the day the votes are to be cast. You can think of how this can be misused.
I did an analysis of the 2014 and 2019 constituency analysis. It takes just a switch of 2.5% of votes from one candidate to another candidate implying a 5% DELTA which changes a Minority Party to a Majority Party.
I have a fundamental mistrust of anything Digital especially EVMs #regardless of the Vote #outcome
Why ? (1) I used to be a high end communication tech engineer. (2) Precisely why countries that had EVMs went back to Paper Ballot.
There is NO EVIDENCE Yet that #China is removed the Covid lockdown . It’s increasing becoming evident that Xi is using this as a method to #control#Anger & #Protests.
Democracies like Canada and India are also moving in the same direction.
#FX#THREAD#STUDENT
Bank of Interenational Settlements BIS just published thier 2022 #BISTriennialSurvey (took place in April 2022).
This is what I learnt....
In 2022, Global foreign exchange (FX) market turnover/day breached $7.5 trillion/day on a Net Basis Value.
This growth was entirely due to Inter-dealer activity rather than end customers.
Share of SPOT transactions in Global FX market turnover fell from 30% to 28% over the past few years. Rest was made up by Fwds. Swaps, etc
SPOT transactions could include Trade Related, Foreign Portfolio Buying/Selling (Equity & Debt), Interest Payments on loans, Remittances inbound (NRIs) /outbound (Education, Holidays, Medical, Overseas investments etc). So in effect, just TRADE RELATED Sport FX is barely…
This reminds me of the #TelecomScam... only thing is that this is #REALASSETS. Ideally allowing this USE change should be ONLY in the case of AUCTIONED mines. No prizes for guessing which of the 4 OLIGARCHs will benefit
EXISTING REGULATION, captive mine operators can sell 50% of the annual output from their mines but only after meeting the entire needs of the end-use plant for which a mineral block was originally allocated by the government.
WHAT WILL CHANGE ? Proposed amendment further blurs the distinction between captive and commercial mines. Captive mines producing major minerals may soon be allowed to sell half their output in the open market even if they are not able to supply to their existing facility.