THE MAN BEHIND THE $50 BILLION SELL-OFF
We began 2023 with a short-seller attack on the Adani group. The conglomerate, whose owner Gautam Adani was Asia’s richest man till that point, eventually saw about $107 billion of its market value being eroded. The report, titled “How The World’s 3rd Richest Man is Pulling The Largest Con in Corporate History" was published by Hindenburg Research, a New York-based firm. It made allegations of corporate fraud, stock manipulation and insider trading. Given the impact it made on one of India’s largest conglomerates, we decided to peel the layers of the onion of who exactly is behind Hindenburg Research. Here’s the story of Nathan Anderson, the founder of Hindenburg, by Varun Sood.
AN IIT DEGREE GUARANTEES A GREAT PAY CHEQUE. WRONG
For decades the idea of graduating from one of India’s prestigious government-run professional institutes, the Indian Institutes of Technology (IITs) meant that one could look forward to a successful career, deeply correlated to earning well. However, Devina Sengupta gave this long-held notion a reality check. Her piece explores the two tiers that plague the IIT brand name, the difficult choices of taking student loans to attend coaching classes and IIT itself, and what the majority of fresh graduates earn across various industries. The reality is many graduates, especially for the perceived lower tier, do not get a job on campus.
WHY PRAMILA DEVI USES HER SLIPPERS SPARINGLY
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