Indian Economics Thread II

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CMP

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I'm not sure Hindenburg or even western firms can even short Adani or other Indian companies, I thought India's financial economy is pretty closed and had capital controls.

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Hindenburg bet against India's Adani puzzles rival U.S. short sellers​

I can't recall the term as it's not my industry, but there are indirect ways of achieving the same effect by shorting their business partners, both upstream and downstream. Given they are a multinational conglomerate, they likely have very many foreign business partners outside of India that have a huge stake in their success and can be targeted for short selling.
 

Abominable

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Bellum_Romanum

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Why the sad face? I don't know why some of us here still act surprised when announcements like this are made when we should all expect this sort of stuff to be made and many more now and in the near future.

China has no choice but to continue it's goals in dealing with these changes clearly aim to destroy it's ascent.
 

Bellum_Romanum

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A more nuanced, critical assessment of China VS US relationship within the context of India's role along with countries such as Singapore in dealing with this new growing reality.

An all encompassing talk from Singapore's former Ambassador and High Comissioner to Australia, Bilahari Kausikan.

 

siegecrossbow

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Adani reacted to the report with
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, saying the company was “shocked and deeply disturbed” by the allegations launched by Hindenburg, who it called the “Madoffs of Manhattan,” referring to the late financier and fraudster
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. “The document is a malicious combination of selective misinformation and concealed facts relating to baseless and discredited allegations to drive an ulterior motive,” the company said, calling it “tremendously concerning” that an investor sitting on another continent could have caused “serious and unprecedented adverse impact” on investors. Adani said Hindenburg’s report takes aim at India as well. “This is not merely an unwarranted attack on any specific company but a calculated attack on India, the independence, integrity and quality of Indian institutions, and the growth story and ambition of India,” the company said.

Surprised they didn’t say that China bought the Hindenburg group off in an attempt to undermine India. You know they wanted to. When India ranked lower than North Korea and all South Asian countries in the World Hunger Index Indian officials seriously dismissed it as a Chinese conspiracy.
 
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