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Mukesh Ambani and Gautam Adani are at a crossroads in their battle

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Mukesh Ambani and Gautam Adani are at a crossroads in their battle

Adani, the world’s sixth richest man, has increased his fortune by nearly $30 billion this year, more than any other billionaire. His net worth of $106 billion is less than half that of Tesla Inc. co-founder Elon Musk, but it is $10 billion higher than that of Ambani. While both would like markets to reward them for writing India’s renewable energy future, what’s ticking for them right now is all the polluting stuff that’s in short supply: coal, palm oil, gasoline, and construction materials. Adani is favoured by investors simply because he is the more daring of the two.

With his $27 billion fundraising in the middle of the 2020 Covid-19 disruption — first from the likes of Facebook (now known as Meta Platforms Inc.) and Alphabet Inc. for his digital business and then from Silver Lake Partners, KKR & Co. Inc. and others for his retail chain — Ambani, who turned 65 last month, was the toast of the global M&A market. Adani, who will celebrate his 60th birthday next month as India’s newly anointed cement king after purchasing Holcim Ltd.’s business in the country for $10.5 billion, appears to have inherited that zeal.

According to Bloomberg News, Adani has spent $17 billion on 32 acquisitions in the last year and shows no signs of slowing down, despite the fact that his listed companies’ combined net debt is nearly $20 billion, or more than four times annual earnings before interest, taxes, depreciation, and amortisation (Ebitda). In a tightening global interest-rate cycle, that’s a lot of leverage to carry.

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Compare this to Reliance Industries Ltd NSE 1.00 percent, Ambani’s flagship. Its planned annual capital expenditure is estimated to be $13 billion. However, as competition in India’s telecoms market has dwindled, the data Ambani sells has become more expensive. The state-mandated price cap on the natural gas he produces in India has risen by 62 percent. The world’s largest refinery complex, in Jamnagar, is benefiting from a fuel shortage. All of this could keep Reliance’s net debt-to-Ebitda ratio at 0.7 this fiscal year, according to Fitch Ratings, which rates the conglomerate’s foreign-currency creditworthiness at BBB, one notch above India’s sovereign debt.

Ambani’s fortress-like balance sheet, however, isn’t exactly igniting the stock market: The Reliance NSE 0.96 percent stock, which reached a high of 29 times forward 12-month earnings in 2020, is now trading at a multiple of 21. Adani Enterprises Ltd NSE -0.05 percent, which closed the valuation gap with Reliance around Prime Minister Narendra Modi’s reelection in 2019, now trades at a PE ratio of 124.

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You actor Penn Badgley grooves to Hrithik Roshan’s Kaho Naa Pyaar Hai? Watch the viral video

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You actor Penn Badgley grooves to Hrithik Roshan’s Kaho Naa Pyaar Hai? Watch the viral video

A viral video of American actor Penn Badgley, known for his roles in You and Gossip Girl, dancing to Hrithik Roshan and Ameesha Patel’s song “Kaho Naa Pyaar Hai” has gone viral. The video, posted by a meme page on Instagram Reels, has sparked a stir among Indian fans. The actor, who is currently promoting the final season of Netflix show You, also danced to.

ANXIETY by Sleepy Hallow during his appearance on The Jennifer Hudson Show. The video has sparked a lot of retweets and comments on the social media platform. Some users have even compared the edited video to the hookstep of the song, causing a stir on the platform.

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The video has been praised for its witty references to the characters from the films and has been a hit on social media A new viral video has taken the internet by storm, featuring American actor Penn Badgley best known for his roles in Gossip Girl and You dancing to the iconic Bollywood track “Kaho Naa Pyaar Hai.” The clip showcases Badgley in a beige suit.

While the original footage features Badgley dancing to Sleepy Hallow’s “Anxiety” during an the video has garnered millions of views. Fans, especially from India, are loving this appearance on The Jennifer Hudson Show, the viral video cleverly syncs his movements with the Bollywood classic, creating a delightful fusion that has captivated audiences worldwide. ​

Fans, particularly from India, have expressed their joy and surprise at seeing the Hollywood star embrace Bollywood culture. One Twitter user remarked, “THE Gossip Girl dancing to a Bollywood song is all I needed For those interested in viewing the original dance segment, it is available on Reddit. Additionally, the edited version that has gone viral can be found on.

This unexpected cross-cultural moment highlights the universal appeal of music and dance, Instagram bridging gaps between Hollywood and Bollywood in a fun and engaging way A new viral video has taken the internet by storm, featuring American actor Penn Badgley—best known for his roles in Gossip Girl and You—dancing to the iconic Bollywood track “Kaho Naa.

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Pyaar Hai.” The clip showcases Badgley in a beige suit, effortlessly grooving to the song originally performed by Udit Narayan and Alka Yagnik, and composed by Rajesh Roshan. The video, shared by the Instagram page @qualiteaposts, has garnered over 1.9 million views within hours of its release While the original footage features Badgley dancing to Sleepy.

Hallow’s “Anxiety” during an appearance on The Jennifer Hudson Show, the viral video cleverly syncs his movements with the Bollywood classic, creating a delightful fusion that has captivated audiences worldwide Fans, particularly from India, have expressed their joy and surprise at seeing the Hollywood star embrace Bollywood culture. One Twitter user remarked.

THE Gossip Girl dancing to a Bollywood song is all I needed For those interested in viewing unexpected cross-cultural moment, with many expressing their joy over seeing TO dance the original dance segment, it is available on Reddit. Additionally, the edited version that has gone viral can be found on Instagram This unexpected cross-cultural moment highlights the universal appeal of music and dance, bridging gaps between Hollywood and Bollywood fun.

A viral video featuring Penn Badgley, the actor from You and Gossip Girl, has taken the internet by storm. In the clip, Badgley is seen grooving to Hrithik Roshan’s iconic Bollywood track, “Kaho Naa Pyaar Hai.” The video cleverly syncs his dance moves, originally performed to Sleepy Hallow’s “Anxiety,” with the classic Bollywood song. Shared widely on Instagram.

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