⛔ Boundaries didn’t work

Plus: Why ‘Bad’ Workouts Are the Most Important Ones, Adani pulls back on grand ambitions.

Author

Chai Sip
March 30, 2023

ISSUE #040

☕ Good Morning! Sippers,

At the ‘Most Powerful Women in Business’ awards event held in Mumbai by Business Today, Mamaearth’s co-founders Ghazal and Varun Alagh shared their insights on work-life balance and the company’s long-term plans.

In today’s Issue 📥 :

  • Boundaries didn’t work.

  • Why ‘Bad’ Workouts Are the Most Important Ones.

  • Adani pulls back on grand ambitions.

SIP WORTHY

Boundaries didn’t work said Mama Earth Cofounders

Varun Alagh shared that they tried to set boundaries between work and home for a year, but it didn’t work out as they realized their daily lives were intertwined. Therefore, they stopped making boundaries and treated work conversations as exciting.

💼 Prioritizing different aspects of life is key to balance: Ghazal Alagh believes that balance is a myth, and prioritizing different aspects of life is key. They learned that micromanaging things daily isn’t necessary as long as everything gets due attention by the end of the month.

📈 Long-term plans for Mamaearth: The entrepreneur couple wants to focus on giving their customers the best experience and continue doing so for the next 10-15 years. Recently, there were reports of Honasa Consumer, Mamaearth’s parent, delaying its IPO due to weak market conditions. The Alaghs did not confirm or deny the claims but stated that they were in the game for the long term and would continue to own a 97% stake in the company.

📝 The statement clarifies IPO delay: In a statement, the Alaghs clarified that they were still engaging with Sebi on their DRHP and awaiting formal approval. They would have 12 months to file RHP and take the company public post-approval, which they would do in consultation with their bankers. They emphasized that neither their largest investor nor the promoters were selling a single share, and they had no interest in optimizing for short-term valuations.

IMPROVEMENT SIP

Why ‘Bad’ Workouts Are the Most Important Ones

We’ve all been there, waking up with low energy and dreading the thought of hitting the gym or going for a run. It’s tempting to skip the workout altogether, but what if we told you that those “bad” workouts might be the most important ones?

When we show up and push through a workout, even when we don’t feel like it, we reaffirm our identity as someone who prioritizes their health and fitness. As fitness coach Amber Karnes puts it, “You’re not just doing a workout, you’re making a statement about who you are and what you believe in.”

But it’s not just about identity. The “bad” workouts can also be the most beneficial for our bodies. They challenge us to work through the discomfort, build resilience, and improve our mental toughness. As fitness trainer Bret Contreras explains, “It’s the workouts you don’t feel like doing that will make you stronger.”

There are countless examples of athletes and fitness enthusiasts who have seen the benefits of pushing through the “bad” workouts. Take Serena Williams, who famously said, “I’ve had to learn to fight all my life – got to learn to keep smiling. If you smile things will work out.”

Or Dwayne “The Rock” Johnson, who has said, “Success isn’t always about ‘greatness’, it’s about consistency. Consistent hard work gains success. Greatness will come.”

Even in the realm of fitness influencers, there are examples of individuals who preach the importance of pushing through tough times. Crossfit athlete Katrin Davidsdottir has said, “It’s those tough days that define us. Anyone can go to the gym and have a good day, but what about the days when you’re tired, you’re sore, you’re feeling weak?”

So next time you’re tempted to skip a workout because you’re not feeling your best, remember that showing up and pushing through might be the most important thing you can do.

HOT SIP

Adani pulls back on grand ambitions after Hindenburg bombshell

Photographer: Kobi Wolf/Bloomberg via Getty Images

What’s sipping? ☕ In January, Hindenburg Research released a report accusing Gautam Adani’s Adani Group of corporate fraud, wiping out $125 billion in market value. This led the billionaire to pull back from expanding into new sectors, including petrochemicals and a planned $4 billion coal-to-polyvinyl chloride project in western India. Adani will now focus on core projects like power generation, ports, and green energy initiatives.

🎢 Shift in Funding and Investment Strategies: To insulate the empire from volatile market movements, Adani will rely on private bond placements and equity stake sales to specific investors instead of high-risk financing. This shift in funding and investment strategies is crucial to restoring confidence.

🔑 Reputation is Key: Adani is expected to draw back a bit in order to focus on damage control and other shareholder and wider investor concerns. Reputational considerations are critical, according to Michael Kugelman, director of the South Asia Institute at the Washington-based Wilson Center.

❎ Denies Allegations: Adani has denied all allegations made by Hindenburg, characterizing it as an attack on India. Last week, the group announced it expects to fund for the coal-to-polyvinyl chloride project to be arranged in the next six months.

🔥 Fire-Fighting Moves: The Adani Group has taken several steps to shore up investor sentiment, including pre-paying $2.15 billion of debt to stem a selloff in stock and mounting a six-city roadshow to rebut the short seller’s claims. It has also sold stakes in four companies to top emerging-markets investor GQG Partners.

SMALL SIPS

Desi: Actress Maisie Williams, who played Arya Stark in the series Game of Thrones, is in Mumbai and she shared her excitement on social media. Maisie will be joining actress Freida Pinto for the fashion brand Dior’s Fall 2023 show at the Gateway of India on Thursday.

Mothership: A Harvard scientist and a Pentagon official have authored a research article that suggests the possibility that there could be an alien mothership in our solar system, sending out probes to explore Earth and other planets.

Infosys: in a social media post on Wednesday, said it hopes to start operations in Calcutta soon and will give updates, including job openings.

Indian Rupee: is now going global as 18 countries have agreed to trade in Rupee. The world is trying to de-Dollarize the international market amid a global economic slowdown and India is turning this into an opportunity.

Worst: Samantha Ruth Prabhu has spoken about being diagnosed with myositis. She said that it is ‘probably the worst thing to happen to an actor’.

With CHAI ☕

↩️Ceo: South India Bank CEO Quits, Negating Market Expectations of a Turnaround.

⌚ How to: encrypt your entire life in less than an hour.

🐘 Aww: This elephant pretends to eat a woman’s hat… but then gives it back.

🛶 It’s Interesting: At more than 1,100 miles, the Grand Canal of China is the longest human-made waterway in the world.

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