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Advait Palepu Profile
Advait Palepu

@advait_px

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Wealth Reporter at Bloomberg News India @business . Views are personal.

Mumbai
Joined June 2021
Don't wanna be here? Send us removal request.
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@advait_px
Advait Palepu
1 month
New Role Starting today I am the Wealth Reporter for Bloomberg News India I will be tracking India's billionaires and multi-millionaires, their businesses and interests, investment and wealth firms, money trails. personal finance as well as inequality If you have any
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Advait Palepu
2 years
Journo’s make mistakes, you can be fooled by sources and biases lead to assumptions. The Meta reports had too many holes, so this was inevitable. The Wire is an important independent news org, they require our support. This is a lesson for all of us
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@advait_px
Advait Palepu
6 months
In a strongly-worded editorial this week, the Lancet said that India’s health care record under Prime Minister Narendra Modi has deteriorated and the government’s lack of credible data is hindering policy making
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Advait Palepu
2 years
@logic and @digitaldutta have been warning about this: India’s digital payments infrastructure can be used as a kill switch for anyone the state Doesn’t like.
@AltNews
Alt News
2 years
An update for those who have reached out to us regarding sending donations:
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Advait Palepu
2 years
@MorningContext peered through company filings in Mauritius. We found that 13 Mauritian funds invested in Adani Enterprises’ Rs 20,000 crore. Of these, six funds have common directors with links to the Adani group
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Advait Palepu
2 years
Received today. Thank you @mumbaipressclub
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Advait Palepu
3 years
For Journalists In light of #PegasusProject Here are some tools to use to protect yourself Start with a strong anti-virus software McAfee, Norton(or whatever firm you are comfortable with. Buy a total protect package to be installed on multiple devices ie laptops, phone
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Advait Palepu
1 year
Today was my last day @MorningContext I have done the best reporting of my career over the past 1.5+ years at The Morning Context, all thanks to the team @akm1410 @PRINCE0879 @Harveen_A @Meanderingways @tsurendar @AshwinM_ @imFmoharkan @nihargokhale @Pranavenstein & others
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Advait Palepu
3 years
Super chuffed that I am now a Writer with the @MorningContext . I will be covering the Banking & Lending industry, the wider Fnancial Services space and Fintechs. Extremely Grateful that I am a part of incredible team of fantastic journalists
@akm1410
Ashish K. Mishra
3 years
Extremely glad to welcome Advait @advait_px to the team @MorningContext . With his addition, we now have some serious talent covering the financial services industry in India. There's @artijourno + @jaysh88 and now Advait.
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@advait_px
Advait Palepu
2 years
Life Insurance Corporation of India issues a statement on Adani Group Exposure. Total investment till date is Ra 36,474 crore and market value at Rs 56,142 crore. Adani Group exposure represents 0.975% of LIC’s total assets under management
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Advait Palepu
2 years
Humbled and honoured by the nomination for this years’ Red Ink Awards by @mumbaipressclub . Congratulations to all the other nominees
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@advait_px
Advait Palepu
3 years
Pine Labs is now valued at $3 billion, having recently raised funds from domestic and foreign institutional investors, apart from venture capital firms. How has a card machine operator grown into a software powerhouse? What are its plans going forward?
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@advait_px
Advait Palepu
2 years
We @MorningContext published a two-part story on Adani Ports and Special Economic Zone. Here's a thread on all that is happening with the company 🧵
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@advait_px
Advait Palepu
2 years
Hacker claims access to HDFC Bank data 7.5 GB worth of Data from May 2022 to Feb 2023
@FalconFeedsio
FalconFeeds.io
2 years
An unknown user claims to have leaked a database from a major private bank in India, including personal details such as names, ages, ph nos., emails, gender, addresses, etc. The authenticity of the data has yet to be verified. #India #databreach #DarkWeb #DeepWeb #cyberrisk
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Advait Palepu
2 years
Adani Group is evaluating the relevant provisions under US and Indian laws for remedial and punitive action against Hindenburg Research.
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@advait_px
Advait Palepu
2 years
OMG NEW DBIE (mainsite) from @RBI
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Advait Palepu
6 months
They say never connect to public WiFi cause you never know.....scammers and hackers are lurking. They never tell you DPI-Non-Profit-Volunteer-Only-Benevolent-Mandatory-But-Voluntary Inc. is also hoovering your personal data.
@digitaldutta
Srinivas Kodali
6 months
Digi Yatra Foundation is collecting your data when you connect to Wi-Fi at all airports.
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Advait Palepu
2 years
Thread 🧵 In just a few years, the Adani Group has built a serious manufacturing base in the defence industry encompassing drones, electronics, radars and arms.
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@advait_px
Advait Palepu
10 months
Thank you to @mumbaipressclub for the nomination, editors and team @MorningContext @seekingsrishti deserves much praise for an excellent job collecting stories from Dalit women across Punjab
@mumbaipressclub
Mumbai Press Club
10 months
Presenting #RedInkAwards2023 #Shortlist for Category : #BusinessAndEconomy (Print) Srishti Jaswal & Advait Palepu | Morning Context | 𝐀𝐰𝐚𝐫𝐝 𝐏𝐚𝐫𝐭𝐧𝐞𝐫: 𝐋&𝐓 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 @seekingsrishti @advait_px @MorningContext
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@advait_px
Advait Palepu
2 years
A peculiar securitisation deal has come onto the market. Byju's has packaged and sold some Rs 1,000 crore worth of receivables (course fees to be paid) to investors since March 2020. @akm1410 and I unpack these deals and why Byju's is offloading the risk
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Advait Palepu
1 year
New Lok Sabha website Whoever built the new search function, you deserve special gift
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Advait Palepu
3 years
ICICI Bank is not the same entity it was three years ago. Under Sandeep Bakhshi the bank has undergone massive changes and could very well be called a supersized Neobank.
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Advait Palepu
2 years
Holy Moses Adani Enterprise has decided to refund the FPO proceeds
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Advait Palepu
5 months
The Modi government added more billionaires during its tenure than previously. But beyond well known names like Ambani and Adani are dozens of silent, hidden billionaires who have seen their businesses and personal wealth balloon in the last decade.
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@advait_px
Advait Palepu
2 years
Our deep dive into India’s prolific data-broking industry. For less than Rs 5,000, you can buy millions and millions of sensitive customer data. If you can think of the target group, you could find a database on sale via the open web.
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Advait Palepu
2 years
US-based short seller Hindenburg Research published a long report on the Adani Group accusing the Gautam Adani led conglomerate of stock manipulation, accounting irregularities and misappropriation of funds. Here are the top 3 takeaways
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@advait_px
Advait Palepu
2 years
Adani Enterprises FPO subscription Day 1
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Advait Palepu
7 months
Adani Group acquired NDTV for $100 million and has launched 3 channels in the last year. But… “A standoff grew within NDTV... Several reporters said the new managers micromanaged coverage, dropped sensitive stories and instead opted for soft features.”
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@advait_px
Advait Palepu
3 years
Which of the two brothers wants to keep this ass-et?
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Advait Palepu
2 years
The discourse about Byju’s is and has always been entirely about money. From how much it raises, how much it spends to buy out the competition to its financial results, everything is about $ ₹. Who gives a **** about education outcomes, labour practices, leeching of parents
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Advait Palepu
1 year
The Indian government is looking to buy new spyware software. A clutch of firms are in the race to win the £120 million contract. Earlier, the Supreme Court committee submitted an inconclusive report on the Pegasus malware
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Advait Palepu
5 months
Best book I’ve read on understanding modern propaganda machines The PM-EAC paper is wrapped as academic analysis but is intended to fuel existing folklore and fallacies. The shoddy media analysis is a part of the subterfuge, not an externality
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Advait Palepu
3 years
After a spate of suicides in late 2020, RBI and the police took action against Illegitimate and predatory loan apps. Google and the fintech industry also made some changes. But nothing concrete was implemented. And so, these apps are back in full force
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Advait Palepu
3 years
I’m up tomorrow. Keep an eye out for @MorningContext
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Advait Palepu
2 years
**Typo: invested in Adani Enterprises’ Rs 20,000 crore follow on public offer. The 13 funds invested Rs 1728 crore as part of the FPO anchor round
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Advait Palepu
2 years
A moment of silence for the last TV News channel this country could place its hopes in.
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Advait Palepu
2 years
More than 2 weeks after ⁦ @HindenburgRes ⁩ published its report on the Adani Group, the conglomerate has hired US law firm Wachtell, Lipton, Rosen & Katz
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@advait_px
Advait Palepu
7 months
Inside the Adani Groups’ takeover of NDTV “An exodus of star anchors. Fawning coverage of India’s political leaders. Newsroom censoring of reporters who ask the government tough questions on the economy, public policy and conflict.
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Advait Palepu
3 years
The Ruchi Soya saga and its stock price This piece by @jaysh88 is pure 🔥🔥🔥🔥
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Advait Palepu
2 months
+ Inside the Adani Group Bloomberg's Anto Antony sat down with the Adani Group's founder and its four successors. While the infrastructure conglomerate continues to grow and invest in new projects, Gautam Adani says he’ll shift control to his scions in
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Advait Palepu
2 years
Helped by Adani Enterprises’s balance sheet, Adani Defence has managed to acquire several companies and partner with foreign firms.
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Advait Palepu
3 years
Where is Ankhi Das now ? The former Facebook India head of public policy had a controversial tenure at the social media giant. But now has discreetly got back to work. @Harveen_A finds out
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Advait Palepu
2 years
From fake enrolments, leaks and identity theft to now fraud on the Aadhaar Payments system, #Aadhaar is rife with problems. The world's largest biometric identity system is a singe point failure in terms of privacy and data security of ordinary people
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Advait Palepu
3 years
The government loves foreign donors, as long as money flows to political parties and NGOs furthering their agenda. But those tackling human rights and environmental issues are persona non grata The attack on NGOs continues By @DeshmaneAkshay and @sahaprd
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Advait Palepu
2 years
As I told someone recently, any counter argument is not allowed. Leave alone opposing ideas. You cannot counter the states’ argument, you lick boots and vomit the same line. More power to @shreya_jai
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Advait Palepu
2 years
“When the CJI or top judges start saying the right things, run the other way” — Lawyer
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Advait Palepu
11 months
A global anti-money laundering body is poised to examine whether India’s government under Prime Minister Narendra Modi is misusing local laws to crack down on non-profit organizations, like Amnesty International and policy think tanks. @sudhiranjansen
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@advait_px
Advait Palepu
3 years
Jignesh Shah's 63 Moons is making a play in the crypto asset space, with content platforms. The platforms will be launched tomorrow and is being run by Tickerplant (newswire) @imFmoharkan , @akxnksha and I do a deep dive into 63 Moons and its new venture
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Advait Palepu
1 year
NDTV plans to start nine news channels in multiple local languages. Company board will seek approvals from I&B Ministry
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@advait_px
Advait Palepu
2 years
The company says has an order book of Rs 8000 crore, of which Rs 3500 crore came in the last fiscal. Impressive for a company that had little footing in the industry a few years ago. Its drones and arms divisions are presently in the running for new defence contracts
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Advait Palepu
3 years
Many moons ago they were a commodity exchange. Now 63 Moons is getting into crypto content Credit to @jaysh88 for correcting me
@datta_arvind
Arvind Datta
3 years
Now a Crypto University, A Crypto TV and a Crypto Wire. All from 63 Moons.
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Advait Palepu
3 years
Guess who ? I'm up tomorrow Keep an eye out @MorningContext
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Advait Palepu
2 years
A day after securing investors for its Rs 20,000 crore FPO, Adani Group stocks get hammered Adani Enterprises 28% lower at Rs 2128, down by 44.7% over the last month Adani Power 19.7% lower at Rs 492, down by 39.5% over the last month
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Advait Palepu
5 months
The majority of this country wont qualify to pay an inheritance/wealth tax, but with the right messaging they oppose any form of it. And the less than 900 individuals to whom it should apply can continue their party
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Advait Palepu
2 years
Hindenburg Research says it would welcome a lawsuit by Adani Group. The firms’ report ends with 88 questions to the Adani Group which so far has not been addressed.
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Advait Palepu
10 months
Raghuram Rajan and Rohit Lamba in conversation with @menakadoshi At Bloomberg India offices Subscribe to India Edition on @business
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Advait Palepu
3 years
I can’t believe I have to handover my income to THIS Govt every goddamn year
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Advait Palepu
3 years
Vinod Rai was appointed on the board IDFC Ltd in 2015 as the financial conglomerate began to restructure its operations. Yet, he was booted out by shareholders last month. @imFmoharkan delves into what happened and why
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Advait Palepu
3 years
A tense legal battle is underway between the Tata and Adani groups for a Rs 7,000 crore underground electricity transmission cable in the heart of Maharashtra. Here's all that has happened.
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Advait Palepu
4 months
BJP workers outside the party’s headquarters in New Delhi remain confident and upbeat about a victory in India’s 2024 General Elections They tell @business that once sworn in the Modi government will plan big structural reforms
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Advait Palepu
1 year
"A nationwide crackdown by the Goods and Services Tax authorities uncovered tax evasion to the tune of ₹30,000 crore, allegedly carried out via stolen identities including as many as 18,000 Permanent Account Number (PAN) and Aadhaar cards"
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Advait Palepu
3 months
India's government is expected to start buying HPV vaccine shots in bulk by the end of this year If successful, a single-dose HPV vaccine from Serum Institute will extend supplies and cut the cost of the government’s plan to vaccinate about 68 million
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Advait Palepu
2 years
The other thing going for the Adani Group is its partnership(s) with the Defence Research and Development Organization Adani Defence holds DRDO development/production contracts for laser guided bombs, anti-aircraft weapons, UAV guided missiles and a counter drone system
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Advait Palepu
2 years
“Only advised to exercise normal prudence” sums up what Govt thinks about privacy and data security. PIB Bengaluru office acts in public interest. PIB Delhi acts on whose interest ?
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Advait Palepu
2 years
With the government expected to place Rs 4.5 lakh crore worth of defence contracts over the coming years for indigenous manufacturing, the Adani Group looks well placed to grab a chunk of these contracts. Will Defence become Adani's next big moneymaker?
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Advait Palepu
3 years
I'm up tomorrow Watch @MorningContext
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Advait Palepu
2 years
Within the private defence industry Larsen & Toubro, the Mahindra Group, Tata Advanced Systems, Ashok Leyland and Bharat Forge are among the biggest contractors. Adani's penchant for acquisitions has propelled the company up ranks of the private defence industry in India.
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Advait Palepu
3 years
Aggressive growth comes back to bite the company. I’m up tomorrow. Keep an eye out for @MorningContext
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Advait Palepu
3 years
Credit and Buy-Now-Pay-Later could be the next big feature on UPI Fintechs are pushing for it since UPI is quicker and cheaper compared to the current lending infrastructure Can NPCI navigate around a minefield of risks to enable credit on UPI?
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Advait Palepu
3 years
Star Health is going to be the first standalone health insurance company to list on the exchanges in the coming days. It's bound to be the third largest IPO' this year, yet it's DRHP has largely escaped public attention. Read @AshwinM_ debut piece
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Advait Palepu
1 year
Delloite Haskins & Sells, auditor for Adani Ports and SEZ, issued a qualified opinion on the port company's finances stating insufficient disclosures over transactions with certain entities and a lack of independent review.
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Advait Palepu
2 years
We @MorningContext wrote about LICs’ investments in Adani Group stocks last year. As of Nov 2022, the market value of Adani investments stood at Rs 78,000 crore and accounted for 9.4% of LICs equity book and 1.9% of its policyholder book.
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Advait Palepu
3 years
Which TV channel will bag the VC vs Founder showdown at BharatPe?
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Advait Palepu
2 years
A federal money laundering investigation has led to a public spat between the founders of WazirX and Binance . For the government, this episode substantiates everything they do not like about cryptos. @Harveen_A and I explain @MorningContext
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Advait Palepu
2 years
Documents show that the ultimate beneficial owner of Amubja Cements and ACC is Vinod Adani, the older brother of Adani Group founder Gautam Adani. @nihargokhale and I write about the ownership structure of the two companies acquired by Adani last year.
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Advait Palepu
2 years
RBI publishes a comic booklet on financial frauds. Next step should be publishing in all languages
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Advait Palepu
3 months
Whether it’s Modi’s terminal or MMS’, Praful Patel or Scindia/Sinha/Puri is irrelevant Airport Authority of India is responsible since it signed the concession agreement with GMR and it directly runs Jabalpur Safety audit reports? Inspections? Indian Building Code?
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Advait Palepu
3 years
Policybazaar has it's sights on the next phase of growth. The company wants to shift from a pure insurance marketplace to building a network of retail stores. This shift isn't going to be an easy journey for the fintech that is going public soon
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Advait Palepu
2 years
On Wednesday, Adani Enterprises called off it’s Rs 20,000 crore equity fund raise despite the participation from global funds and family offices. Why was the FPO called off? What happens now ? With @imFmoharkan @MorningContext
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Advait Palepu
3 years
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Advait Palepu
2 years
Your subscription payments are going to fail once again Between a regulator that is insistent on a swift transition and an unprepared payments industry, thousands of businesses are staring at millions of dollars in failed transactions and lost revenue.
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Advait Palepu
3 years
Thank you @baxiabhishek
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@sahaprd
pradip
3 years
bad photo, lovely gift. thank you @akxnksha
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Advait Palepu
3 years
MobiKwik wants to list on the stock exchanges. But something has spooked investors about fintechs with complicated business models. @akm1410 and I report that at least two investors are pulling their commitments to MobiKwiks IPO
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Advait Palepu
6 months
Interesting tidbit CAG says Future Gaming got contracts for conducting lotteries, without a tender process CBI and ED both start investigations and by Dec 2021, they attach Rs 277+ crore in assets over PMLA charges He goes onto to keep buying electoral bonds through to 2024
@advait_px
Advait Palepu
6 months
Lottery king Santiago splurged on all parties Of the Rs 1,368 crore bonds purchased, , over Rs 540 crore to AITC, Rs 509 crore to DMK, Rs 159 crore to YSR Congress, Rs 100 crore to BJP and various others
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Advait Palepu
3 years
The shock of the pandemic is still playing out across the economy, and now inflation is rising. Healthcare bills are eating savings, food has become more expensive and the spike in fuel prices has led to a chain reaction across value chains
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Advait Palepu
3 years
This is Crypto Wires' board of directors How??? Just how ?????
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Advait Palepu
2 years
Horse Trading is an insult to horses
@ndtv
NDTV
2 years
#Vlog | How did Shiv Sena MLAs go to Guwahati? NDTV's Saurabh Shukla reports #MaharashtraPoliticalCrisis
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3 years
With financial system liquidity reaching historical highs last year, the Adani Group and its various entities started to raise funds through bonds at extremely favourable rates. @tsurendar and I delve deep into the debt strategy @MorningContext
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Advait Palepu
2 years
Adani Group’s debt grew by 40% to over Rs 2.2 lakh crore at the end of 2021-22. Much of higher borrowings is to fuel the expansion plans in renewable energy, roads, airports and other new infrastructure. My story today on ⁦ @MorningContext ⁩ the
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Advait Palepu
2 years
Dubais’ Seclink Corporation was going to be awarded the rights to redevelop Dharavi. But then political winds shifted. Now the slum redevelopment contract has gone to the Adani Group and it’s real estate arm. ⁦ @MorningContext
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Advait Palepu
1 year
The CoWIN server was probably not breached, more likely Third party apps and hospital servers Reporters covering this, ask: 1) Which private company developed CoWIN? Which govt entity bought it ? 2) Who developed the security standard for the vaccine certificates?
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Advait Palepu
3 years
Please welcome @MahimaKapoor12 to the @MorningContext team Mahima will work closely with @Harveen_A , the editor of our Internet vertical, to tell better stories and build on our coverage of large tech companies.
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Advait Palepu
3 years
Work Fam ❤️
@akm1410
Ashish K. Mishra
3 years
Meet the kickass @MorningContext team.
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Advait Palepu
3 years
Special kind of hurt and sadness when you lose your wallet
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Advait Palepu
3 years
This week @MorningContext will host @anandkbajaj , CEO of PayNearby. We will be discussing fintech, payments and financial inclusion in a post pandemic world. This event is open to free and paying subscribers. Sign up on our website:
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Advait Palepu
1 year
"Keeping potentially malicious foreign actors out of its domestic capital markets is very much in India’s national interest. If institutions of the government can’t or won’t uphold it, parliament must step in." By @andymukherjee70 @business
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@advait_px
Advait Palepu
2 years
Fintech Weekly #11 by @MorningContext The never-ending problem of fake finance apps run by Chinese nationals leads me to conclude that there is institutional support. Is this a massive Fi-Op run with state blessing?
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Advait Palepu
2 years
A RBI circular sent out last week sent many fintechs in the Buy Now Pay Later space for a tailspin. Some of them have halted their pay later services, while others are looking to quickly pivot to a new model. @AshwinM_ and I write about the fallout
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Advait Palepu
2 years
Sensitive Customer Data on Sale for Cheap!!! @MorningContext purchased three databases from online vendors and received 57.8 million customer records all for just Rs 4,500. A thread on the data broking industry 🧵
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