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

Sources : BJP / @RSSOrg makes deep inroads in Tamil Nadu.

TN Government started a local channel, named “Kalvi Tholaikatchi”. When the Channel was initiated on 27 August 2019, TN CM Edappadi Palanichamy said this : “Education is like eyesight. 1/n

The state government has taken this initiative to support students. The students can now learn from home,"

TN Government’s intention was to educate the children for NEET and other competitive exams. The broadcasts begin at 6 am and continue till 11 pm. 2/n

Entire cable distribution network in TN, barring a few districts partially are government controlled through a PSU called “Tamil Nadu Arasu Cable TV Corporation Limited (TACTV). 3/n

Jayalalitha mooted this and formed this to break the iron clout of KD brothers (Kalanidhi & Dayanidhi) in cable TV distribution. Earlier, KD brothers’ owned Sumangali Cable Vision (SCV) controlled entire distribution of channels. 4/n

One Thanjai Jeeeva, an ADMK man, is a benami of TN Animal Husbandry Minister Udumalai Radhakrishnan. He is the State General Secretary of Tamil Nadu Cable TV Association. He controls the entire cable distribution business across the state. 5/n

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

Thread #Hathras

Sources : The charge sheet filed by CBI in the #HathrasCase is filled with flaws and three innocents have been roped in as accused, in spite of them having strong alibis.

While the prime accused did commit the act and there is strong evidence against him, 1/n

the remaining three were implicated only based on their ‘tower location’ of their cell phones. Two of the accused who are implicated were employees of a dairy located a kilometre away from the scene of crime (SoC) and witnesses working in the dairy, 2/n

had given statements that the two accused were working in the dairy at the time of crime. The other innocent accused was present in a place away from SoC and witnesses had deposed that he too was not in the SoC.

CBI comprises fine officers with investigating skills. 3/n

They always do their job with due diligence keeping in mind the reputation of India’s premiere investigating agency. But, superiors, who are IPS officers on deputation to CBI always toe the line of the ruling regime and act as mercenaries. 4/n

Highly placed sources in CBI say, the Director of Prosecution of CBI, one Ms Sudha Rani concurred with the findings of the investigating officers that only one accused need to be charge sheeted. Ajay Bhatnagar, a 1989 batch officer of Jharkhand cadre, 5/n

Sources : We have been continuously maintaining that @ikamalhaasan is an @RSSorg product and he is a front of RSS. We also had earlier stated that Kamal’s party MNM is funded by Mukesh Ambani 1/n

Kamalhassan released a video supporting a fanatic sanghi – Soorappa, VC of Anna University. Why would Kamal release a video in support of Soorappa ? 2/n

One Dr Karthick Sridhar is the Vice Chairman of Indian Center for Academic Rankings and Excellence. ICARE This Karthick Sridhar, This is a Right Wing institute under the garb of “merit & excellence”. 3/n

Following the order of Commission of Inquiry against Dr Soorappa, this Karthick Sridhar took Soorappa to meet Kamal and promised funding by Mukesh Ambani. Only after this, Kamal came out in support of Soorappa. Subsequently Soorappa thanked Kamal too. 4/n

The Chairman of the Board of Governors of ICARE is one venomous sanghi named Mohandas Pai. This Mohandas Pai is funding two poisonous right wing portals which not only spew venom on minorities but also spreads fake news. The two portals are “Opindia and Swarajya” 5/n

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

#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?

It's endlessly fascinating how economic datapoints get interpreted.

When I was in charge of a P&L, the guy who ran Finance for us and I had what we called the 'shelf plan.'

There were maybe 3-4 of us who knew it existed.

What's a shelf plan?
1/

Well it's a plan you keep on the shelf (full FP&A model), that you hope you never have to use.

It reduces forward hires, cuts back various line items (typically ad spend, travel, that sort of thing).

Oh, it also has a big fat RIF in there.

That's why we don't talk about it.
2/

Why have a plan instead of winging it?

Because this is where companies (particularly young companies) sometimes err. They do little cuts - 2-3% here and there, preserving as much headcount as they can, that sort of thing.

This is incorrect.
3/

If you're at the point where you need to make material changes to your forward P&L, at 2-3% RIF will be followed by another.

And another.

And this series of progressive cuts will cripple morale, incrementally reducing the productivity of the staff you retain to survive.
4/

And so the shelf plan cuts deep.

Your goal is to go from being a peacetime machine to a wartime machine, so you gotta lean out quick. Can't do that without a plan, hence the need to have one.

~30% cut is what you need.

And then you need to tell everyone left they're safe.
5/

Thanks to the growing number of people who @getMaiar & engage with the @ElrondNetwork ecosystem, the number of accounts doubled to over 320k & we’re over 2.5M TXs, an unprecedented adoption level for a 6 months-young mainnet.
#hypergrowth100 Day 40
Weekly #elrondtech ⬇️

1/ The Delegation Manager toolset has been released for testnet integrations, ahead of our imminent mainnet upgrade. It enables staking providers to set up & manage staking pools, nodes, fees & other parameters for their

2/ We updated the libp2p libraries to the latest release & found out that they work seamlessly with their old counterparts. Congrats @libp2p team for the effort put in backward compatibility. We know how complex that is.

3/ Redesigned the async call & token transfer syntax in our Arwen WASM VM. Interactions between contracts are now “return types”, which makes execution flow more intuitive. Callbacks have also been

4/ Arwen WASM VM updates continued:
- Integrated new Arwen and new features of Arwen into elrond-go. Added a set of integration tests for different scenarios.
- Fixed a bug in Arwen VM which did not let one contract to deploy multiple contracts.

Good news everyone, Jay Hoag gave us the simple 5 point playbook for finding Magical Companies in consumer technology.

1. product offers combo of value, convenience, selection
2. there's tremendous engagement
3. a virtuous cycle
4. tremendous execution
5. kinda crazy leader

Obviously Jay Hoag on ILTB is as self recommending as it gets