About Adani Group The Adani Group is a diversified conglomerate of companies headquartered in Ahmedabad, Gujarat. Gautam Adani, the founder of the group, had dropped out of college in the second year while pursuing a bachelor’s degree in commerce. Before, starting his business venture, he worked as a diamond sorter…

Here is a brief timeline of the Adani Group’s journey so far – 1988: Gautam Adani starts the Adani Group as a commodity trading business. 1990: The enterprise enters into the import-export business, with products such as frozen foods, dyes, plastic products, agricultural products, etc. 1991-92: Expansion into agri-storage and…

(Disclaimer: This article has been written based on the report by Hindenburg Research on the Adani Group. All facts, disclosures, observations and allegations presented or mentioned in this article are taken from the same report.) Adani vs Hindenburg We often hear stories about how zealous entrepreneurs turn dust into gold…

(Disclaimer: This article has been written by a human. We tried to assign the task to a bot, but it failed miserably :D) Introduction In 1999, when personal computers were the latest trend, a science fiction movie by the title ‘The Matrix’ garnered a lot of popularity. If you haven’t…

Introduction Jack Ma, the Chinese business magnate, a teacher turned billionaire, and the founder of the Alibaba Group, has finally waved the white flag in his struggles with the Chinese Government. The Ant Group in its latest statement has announced that Jack Ma would no longer be the control person…

Introduction The business of second-hand goods has grown exponentially over the past few decades. This is the result of the participation of large organised corporates, as against the traditional times when the industry usually consisted of unorganised dealers. Goods such as used cars, vehicles, mobile phones, televisions, laptops, watch, handbags,…

Background It’s been more than five years since the implementation of the new Goods and Services Tax (GST) law in July 2017. The new regime of indirect taxes brought a paradigm shift in the way businesses conduct their operations across India. However, the journey has been full of uncertainties and…

Background Amazon, Airbnb, Blinkit, BlueStacks, BYJU’S, Cars24, Cineplex, CityMall, Clear, Coinbase, Conde Nast, DiDi, Ford, Furlenco, HP, Klarna, Lido Learning, Meesho, Meta, MFine, Microsoft, Netflix, Noom, OkCredit, Peloton, Primark, Robinhood, Royal Mail, Rupeek, Spotify, Shopify, Tesco, Tesla, TikTok, Trell, Twitter, Uber, Udaan, Unacademy, Vedantu, Walmart, Zomato, Zillow – This is…

Liberalised Remittance Scheme (LRS) The administration of foreign exchange transactions in India is guided by the Foreign Exchange Management Act, of 1999 (FEMA). Under the FEMA law, all transactions involving foreign exchange are classified either as capital account transactions, or current account transactions. Transactions by residents which do not alter…

How is the value of currency derived? Currencies are traded in Foreign Exchange Markets, a global decentralized market for currencies. Simply put, one currency is traded against another currency at a particular rate. This rate at which currencies are traded is known as Currency Exchange Rate. The exchange rate does…