BC BUSINESS
Saved by @SteveeRogerr

Sources : This author has been continuously maintaining that the Brahminical hegemonic forces are surrounding Tamil Nadu from all sides and they are seeking revenge for Periyar’s social justice.

One Sridhar Vembhu, @svembu is the CEO of Zoho Corporation. He is 1/n

 High Net Worth individual. He is the founder and CEO of Zoho Corporation. According to Forbes, he is the 59th richest Indian in the world with a net worth of US$2.5 billion as of 2020

Vembu runs the in-house Zoho University, which provides training to students who have 2/n
completed 12th grade and have certain math and tech skills.
Vembu has a Ph.D. in electrical engineering from Princeton and started his career at Qualcomm in 1994. Zoho is building a new 375-acre campus in Austin, Texas, which will also house its Zoho University. 3/n
Recently, he announced the release of a new Messaging App called “Arattai” and said this is an alternate to WhatsApp. 4/n

https://t.co/WuaUrn4PHp
Vembhu owns a palatial house in Pleasanton California. With such huge money and wealth, the said Vembhu is purchased 4 acres land in Mathalamparai, Tenkasi under the guise of improving villages. In an interview to Forbes India, the said Vembhu had this to say 5/n
“I always thought that people migrating from villages to cities is not a good idea,” Vembu told Forbes India in a relaxed conversation over Zoho Meeting on a mid-May morning from his Tenkasi home. “About a year or two ago, I decided that I want to do something new. 6/n
I want to go to the smaller villages and set up what I call satellite connected office centres where 10 to 20 people will work.”

In the name of village development he is spreading communal hatred in Tenkasi district. 7/n
He regularly attends all @RSSorg Shakhas that are being held in Tenkasi. Why Tenkasi of all the districts ?

Tenkasi is a communally sensitive district and as recent as 15 September 2018, Tenkasi witnessed communal clashes. 8/n

https://t.co/HSBLZcu9Ji
Note : Sridhar Vembhu is a Thanjavur Iyengar.

This author would like to repeat, that Brahmin Hegemonical Lobby wants to go for the kill.

Recall the words of Mylapore Broker Gurumurthy voiced through @rajinikanth “Now or never” “இப்போ இல்லன்னா எப்போவுமே இல்ல” 9/9

More from Savukku_Shankar

Savukku_Shankar
Savukku_Shankar
@savukku
Sources : TN CM Edappadi Palanisamy, who claims to run “Amma’s government” has decided to accord the ceremonious farewell parade to disgraced police officer Jaffar Sait, who retires on 31.12.2020. While all DG level officers are eligible 1/n

for this parade on their retirement, no such honour was accorded to the DGPs who had retired in the recent past. A few of them are Ashok Kumar, SR Jangid, S. George, Ashish Bhengra, Asuthosh Shukla, Sri Lakshmi Prasad, RC Kudawla etc. 2/n

Rehearsal for Jaffar Sait’s ceremonious farewell parade is being held from 21.12.2020 at Avadi TSP Battalion grounds till date and the rehearsal would continue till 30.12.2020 say sources.

Edappadi Palanisamy should remember that Jayalalitha, 3/n


in 2011, immediately on assumption of her charge as CM in 2011, transferred Jaffar Sait to a post in the rank of Sub-Inspector of Police – Special Officer Mandapam Special Camp for Sri Lankan Refugees. 4/n

DVAC registered two criminal cases against Jaffar Sait on 23 July 2011 and he was suspended on 1st August 2011 and his headquarters was fixed as Ramanathapuram. Jayalalitha didn’t even allow him to come to Chennai. 5/n
GOVERNMENT
Savukku_Shankar
Savukku_Shankar
@savukku
Sources : Rathinasabapathy, a retired rogue police officer is planning to create caste clashes in western belt.

Following the announcement of a committee by TN govt for finalising the modalities for caste census, this Rathinasabapathy a fanatic Gounder has formed 1/n

a new outfit called, “Rights of Backward Communities”. Rich Gounders, retired Gounder officers are part of this outfit. The said Rathinasabapathy in a meeting of this outfit, said, “the castes of enumerators who would visit households for census should be made public. 2/n

If a particular caste person (implying dalit) is sent for enumeration, he will give wrong data”

This outfit also demands removal of creamy layer for OBCs.

A background about this Rathinasabapathy. He belongs to of 1976 batch of Sub-Inspector. 3/n

In the year 2000 he was AC Intelligence Services (IS) in Coimbatore. It was just two years after the 1998 Coimbatore bomb blast. This Rathinasabapathy sent a false report to govt, just ahead of budget session that there is going to another serial blast in Coimbatore. 4/n

Following the serial blasts in 1998, intelligence and security apparatus was strengthened and there was absolutely no possibility of such an incident. The said Rathinasabapathy, sent this false report with an intention to get medal. 5/n
INDIA
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Savukku_Shankar
Savukku_Shankar
@savukku
Sources : A senior journalist with very good political connections, suddenly went out of job. He is a person capable of getting info from any political party over phone. He didn’t even call me. 1/n

I found this issue and called him. I asked him plainly, is he in search of a job.
At that time, @IndianPAC was recruiting furiously.

I spoke to a leader in DMK, who is very senior has some clout. 2/n

Do you know, what is the response of @IndianPAC ? They said, we don’t recruit, any one above 35. The reason they stated is, people above 35 years of age, don’t work hard.

The @IndianPAC thinks number crunching alone will elections. 3/n

People watching TN politics know very well that TN is a unique state. How would a Bihari Brahmin with prime ministerial ambitions be true to DMK, a party which flourished on anti-Brahminism.

Sources say, Prasanth Kishore, 4/n

around one year back, called all those who were active in anti CAA/NRC protests for a meet in Delhi and offered them money and asked them to work for 10 years, when a 3rd front will come to power. 4/n
INDIA
Savukku_Shankar
Savukku_Shankar
@savukku
DMK President MK Stalin after presenting a detailed complaint to Governor Banwarilal Purohit, speaking to media said, the complaints that have been given to the governor had already been given to DVAC, but to no avail. Since the DVAC failed to take action, 1/n

the DMK had moved court and Madras HC had ordered a CBI investigation against CM Edappadi Palanisamy, which was subsequently stayed by HC. The Governor has the power to order a probe, and told the media that Governor said “he will take appropriate action”. 2/n

Stalin also said, DMK will take these charges to people’s court.

However, Stalin should be aware that, Banwarlial Purohit’s only interests in Tamil Nadu is to protect the interest of Brahminical forces. 3/n

Sources say, apart from, supporting Anna University VC Soorappa, an RSS stooge, to protect him from a Commission of Inquiry, Banwarilal has been pressurizing EPS, to convey the land encroached by SASTRA University, for more than three decades. 4/n

In a detailed order, Madras HC has categorically rejected SASTRA’s request to re-convey and regularize the encroachment of more than 50 acres of government land and the appeal of SASTRA to Supreme Court has also turned down. 5/n
GOVERNMENT
Savukku_Shankar
Savukku_Shankar
@savukku
Sources : Do not under estimate the power of a poisonous snake – Mylapore Broker Gurumurthy. In an order issued today, government of Tamil Nadu appoints former HC Justice S Baskaran as Chairperson of Tamil Nadu Human Rights Commission. 1/n

This S Baskaran, is a native of Thiruthuraipoondi and belongs to the community of “Mudhaliyar” He was a puppet of notorious judicial broker “Judicial Krishnamurthy”. This, S Baskaran, as long as he was a High Court Judge, 2/n

was a ‘string puppet’ of the said judicial broker ‘Judicial Krishnamurthy’.

S Baskaran is an alcoholic and also an ardent Hindu devotee (???) At the end of every Friday, he would start on a spiritual tour to worship Hindu gods, in his official car. 3/n

All logistics for his temple visits would be arranged by the said broker ‘Judicial Broker’. When Justice S.Baskaran retired, he had hundreds of “orders reserved cases”, add sources. 4/n

To quote an anecdote, when DVAC office staff ask for leave to visit temples, a senior police officer, whom this author personally know, use to say “work is worship”. 5/n
INDIA

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Anurag Singh
Anurag Singh
@anuragsingh_as
#PolicybazaarIPO Long thread: There is monetary printing by RBI, there is lending by banks & finally there is the Indian IPO. “Foreign owned” company with ~1 Bn investment is selling “Indian” unicorn to “savvy” Indians for $ 6.2 Bn. Want to know how this printing works? Let’s go-

The basics: Rs 6017 Cr being raised by new shares (Rs 3750) & re-selling (Rs 2267). Face value Rs 2 offered at Rs ~1000 per share is one of a kind. Who decides the price? Examine the valuation ladder below.
With ~$ 150 Mn invested till 2017, we see $ 525 Mn rushes in after 2018


So, a company valued $1 Bn in 2018 & $ 1.5 Bn in 2019 by key investors like Tencent, suddenly “needs money” in March 2021. Falcon Edge “invests” all of $ 75 Mn in March at valuation of $ 2.65 Bn.
Enter IPO bankers a couple of months later & they value the company at $ 6.2 Bn

Why does PolicyBazaar need $ 75 Mn just 6 months before IPO & give away 2.5 times in returns? And it doesn’t even use that money as the B/S reflects appx Rs 1000 Cr in cash lying around.
What kind of a favor is that? Why do they need US investment bank for this just before IPO?

Notice 50% rise in shareholding of promotors here & a 1: 500 bonus share issue. After all, how do you print money & still keep share price at “reasonable” Rs 1000?
Without bonus issue in June 2021, each share would have costed Rs 50,000. Heard of circular valuation?
BUSINESS , POLICYBAZAAR
Kostas on FIRE \U0001f525
Kostas on FIRE 🔥...
@itsKostasOnFIRE
The Mother of All Squeezes

How Volkswagen went from being on the brink of bankruptcy to the most valuable company in the world in two days

/THREAD/


1/ At the peak of the 2008 financial crisis, Volkswagen was considered a very likely candidate for bankruptcy.

Heavily indebted and already financially struggling before 2008, with car sales expected to plummet due to the ongoing global crisis.


2/ With GM and Chrysler filing for bankruptcy in 2009, shorting the VW stock would seem a safe bet.

If you are not familiar with stock shorts and short squeezes check my thread


3/ On October 26, 2008, Porsche announced it had increased its stake at VW from 30% to 74%.

This was a surprise to many who were led to believe that Porsche wasn't planning a takeover of VW, based on the company's announcements.


4/ Before the announcement, the short interest was approximately 13% of the outstanding shares, a number considered relatively low.

Porsche had a 30% stake, the Lower Saxony government fund held 20% of the shares, and another 5% was held by index funds.
BUSINESS
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Nick Huber
Nick Huber
@sweatystartup
A THREAD on how most real estate folks structure deals with outside investors.

Most people utilize the "preferred equity" structure when they raise money from outside investors. They "syndicate" deals.

Here's the basics:

The person (or team of people) putting the deal together is the "sponsor". Also called general parter. Referred to on twitter as the GP.

They find the property, do all the work, hire the management company and take fees. They often co-sign debt and always secure the financing.

The investor is generally passive, doing no work and putting in cash. This is the "limited partner". Referred to on twitter as the LP.

They don't co-sign debt. They simply read reports and ask the sponsors questions and cash checks every month (if the deal is going well).

There are two equity classes.

"Preferred equity" belongs to the LPs. Cash talks, so this is a higher class of shares. They are first in the "capital stack" behind the debt (bank loan).

"Common equity" belongs to the sponsor. They are generally last in the capital stack.

Sponsors generally co-invest. That means they hold both equity classes. A 10% co-invest is standard.

That means the GP has skin in the game. His 10% co-invest makes him both an LP and a GP.
BUSINESS , REAL ESTATE
Craig Forman
Craig Forman
@cforman
There are so many #HotTakes on the future of news and tech and digital this week. Now nearly half a year distant (and what a year - 2020, ugh!) from CEO and board @mcclatchy, I'd like to add a few thoughts: 1/


As @jbenton said in @NiemanReports : @mcclatchy transformation shows it STILL is possible NOW 'to be operationally profitable while still doing good journalism.' Not easy; Covid made it harder. But POSSIBLE and DONE by the great team in 2020 @mcclatchy. 2/

As @jbenton wrote: the #DIGITALTRANSFORMATION @mcclatchy 'shows a company that has managed the digital transition better than most; at last public count, it was making nearly half its ad revenue in digital and digital subscriptions were up 45% year-over-year.' Such focus 3/

On the future is digital is the SOLE way the still-powerful brands of local news and information will be able to have a business in the inevitable 'printless' future (Not today, not tomorrow, but printless someday) 4/

And the crisis in local news is relentless, unabating and by most measures WORSENING. More titles going dark; huge losses to our communities, because solely a blend of new digital startups AND existing footprint offer the scale 5/
BUSINESS
Ky Nguyen
Ky Nguyen
@keywinhomes
@ReformedTrader That is a long post, but well written. Real estate is a claim on the future prosperity or ruin of a geographical location. Real estate intrinsic values is its ability to generate cash or similar costs to rent in that area. Intrinsic value is above zero in most cases.

Ironically enough, the location that benefits most from property ownership are places where rising living costs expand faster than rising middle income wages. Deflationary areas are hostile to property ownership as price is falling make collateral and borrowing difficult.

Homes are bought using leverage with agencies loan subsidies by the governments. As long as you have fixed rates, the costs of living expenses for your housing is set for 30 or 15 years which allow family to budget. Wealth can be accumulate over time as asset and income risen.

Time passed, real estate become detach from intrinsic values. Monthly mortgage rocket pass incomes and growth in the area. Quick money into real estate turn into a landmine. The 2007 fiasco could have been better or worst, but the free market is effectively dead as an ideology.

At the time, investors attack the institutional that vulnerable to the MBS and structured derivatives linked to real estate bubble risks. Since many financial institution owned the agencies MBS, defaulting on these security means downward spiral for M1 and M2 in developed nations
BUSINESS

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LACHIT BORPHUKAN : AN UNSUNG WARRIOR OF THE AHOM KINGDOM & THE GREAT BATTLE OF SARAIGHAT

Originally named as Lachit Deca, Lachit Borphukan, the fierce and invincible Ahom Commander, was born during the early 17th century at Betioni in the Golaghat district of modern Assam.


His father, Momai Tamuli Borbarua was the ‘Governor’ of the kingdom and also ‘Commander-in-Chief’ of Ahom army under King Pratap Singha during his reign starting from 1603 to 1639. Lachit received military training from an early age and joined the Ahom King Jayadhvaj Singha...


...(1648-1663) as a scarf-bearer.  The post ‘scarf-bearer’ or ‘Soladhara Barua’ is considered as a part of the incumbent king’s personal staff. Owing to his military training Lechit was appointed "Ghora Barua", Supdt. of the Royal horses. When Chakradhwaj Singha became king..


..of Ahom dynasty in 1663,he appointed him Suptd. of The Royal Guards &finally he was appointed as Borphukan by the king.Then onwards,he was known as Lachit Borphukan.Borphukan used to be top councillor in Ahom Kingdom. This position was embedded with executive & judicial powers.


Assam was facing incessant Islamic invasion since Jan1662, when Mughal General Mir Jumla II attacked Ahom capital Gargaon. He never defeated Ahom king Jayadhwaja Singha as king retreated to hill &continued Guerrilla warfare.Prolonged fight &prospect of stalemate disturbed Jumla.
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Guillaume Chaslot
@gchaslot
The YouTube algorithm that I helped build in 2011 still recommends the flat earth theory by the *hundreds of millions*. This investigation by @RawStory shows some of the real-life consequences of this badly designed AI.


This spring at SxSW, @SusanWojcicki promised "Wikipedia snippets" on debated videos. But they didn't put them on flat earth videos, and instead @YouTube is promoting merchandising such as "NASA lies - Never Trust a Snake". 2/


A few example of flat earth videos that were promoted by YouTube #today:
https://t.co/TumQiX2tlj 3/

https://t.co/uAORIJ5BYX 4/

https://t.co/yOGZ0pLfHG 5/
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After 17 years and more than 300 races, it could be @alo_oficial's last F1 race on Sunday 😭 He's given us a lot over the years... including some superb GIFs!

Here we have a rare example of a GIF you can actually hear. TOMA. 💪


The Spanish Samurai


Never give up. 💪 #GraciasFernando


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Seth Abramson
Seth Abramson
@SethAbramson
(THREAD) Pre-election Russia collusion may take down Trump. It's equally possible the Trumps' pre- and post-election collusion with Saudi Arabia, the UAE, and Israel will do it—a course of collusion also connected to the Kremlin. I explain here. I hope you'll read on and retweet.


1/ I must stress how unbelievably complex the "Grand Bargain" theory of the Trump-Russia case is—a different thing from saying it's not substantiated. It's substantiated in *almost every single particular*—it just *also* happens to be very confusing. Not byzantine—just confusing.

2/ The basics: Saudi Arabia, Israel, and the UAE all view Iran as their chief regional enemy. Iran is propped up by Russia. Therefore the Saudis, Israelis, and Emiratis all need a US government willing to find a way to get the Kremlin to *stop* supporting Iran in the Middle East.

3/ The best way to get Russia to stop supporting Iran—or reduce support—was/is to drop all sanctions on Russia over its 2014 annexation of Crimea, as that'd be worth *trillions* to the Kremlin over the next decade. Everyone knew that Clinton wouldn't do this—and that Trump would.

4/ Per the NYT, on August 3, 2016, Donald Trump Jr. met secretly at Trump Tower with a Saudi and Emirati emissary, George Nader, as well as an Israeli intelligence expert, Joel Zamel, with *significant* ties to both Israeli intelligence *and* Russian oligarchs allied with Putin.
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