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It is no secret that Odisha chief minister Naveen Patnaik has successfully run the state with a clutch of hand-picked trusted bureaucrats. These bureaucrats are so well entrenched that senior ministers take instructions regarding line of action or policy decisions from them. That’s Naveen babu’s style of empowerment. The continuance of bureaucratic top down decision-making has come with a price, a few days ago thereby forging unity amongst Opposition parties. The issue pertains to Odisha Housing Minister Usha Devi who was clueless about immediate cabinet decisions pertaining to her own department where she said she will check with the Principal Secretary while addressing the Media. The minister’s self-confession brought in a barrage of criticism over Patnaik’s style of running Odisha wherein the Cabinet Ministers are clueless about their own ministries. BJP Leader of Opposition Jaynarayan Mishra said “It is pathetic to see senior ministers standing in front of bureaucrats with folded hands for a darshan only to be heard.” BJD says, here lies Naveen’s unique brand of managing politics converging the think tank mind of bureaucrats and the party leaders working together assuring Odisha’s growth and development. The government and the bureaucrats complement each other where the CM’s work performance speaks for itself.
The Tamil Nadu Governor sits on the horns of a dilemma. The Bill against online Rummy was brought to the Assembly again by the Chief Minister MK Stalin and will be with the Governor soon for signing into law. As per the Constitution, R N Ravi is duty bound to sign it even though he passed judgment on it by saying that the original law as passed the first time in the Assembly was against the Constitution. He had questioned the legislative competence of the Assembly to pass such a law when the Supreme Court had consistently ruled that rummy is a game of skill and not of chance. But, being a stickler for going by the Constitution, the Governor cannot refuse the Bill once it is passed by the Assembly a second time. However irritated the State government may be by the Governor’s reluctance to sign Bills passed by the Assembly, it is true that Governor Ravi has gone by the Constitution in dealing with legislation. While there are Governors who simply sit on Bills without saying yes or no for an interminable time, Governor Ravi at least makes his case against legislation he believes goes against the grain of the Constitution and returns it to the State Assembly. The big question now is whether the Governor will precipitate another crisis by not signing the Bill into law.
In a surprise move, the Narendra Modi Government decided to go by the law and disqualified Rahul Gandhi following his conviction by the Chief Judicial Magistrate, Surat in a criminal defamation case on March 23 for his remark on the “Modi surname” while addressing an election rally in Karnataka in 2019. The Wayanad MP will be the second member after Lakshadweep Lok Sabha member PP Mohammed Faizal, who was disqualified within two days after his conviction in an attempt-to-murder case on January 11. Interestingly, Faisal’s disqualification by the Speaker was not revoked even after he appealed to the Kerala HC for a stay on his conviction and sentence, which the HC suspended on January 25. Official sources said the government felt encouraged to move against Rahul after several legal experts including Kapil Sibal pointed out that he stands automatically disqualified as an MP and getting only the jail sentence suspended was not enough. Rahul could have continued as an MP only if his conviction was stayed. That’s why eyebrows were raised about his visit to Lok Sabha a day after his conviction. In being convicted by a court, Rahul joins his grandmother Indira Gandhi who was convicted of election fraud in 1975. While Rahul’s legal team is confident of overturning the Surat court’s verdict in higher courts, party circles have begun to think of facing 2024 polls without Rahul. But then is Priyanka Vadra ready to helm the party at this crucial juncture?
While the Supreme Court has dismissed a petition over the renaming of Aurangabad saying it would be heard in the high court in Mumbai next week, over a lakh objections have been filed against the change though the number of supporting applications is less than 1300. The last date for filing objections or supporting applications in the Divisional Commissioner office is March 27. On March 23 alone, over 46000 objections were filed to oppose the rechristening. So far, around 115,000 applications against the renaming have been received. The total number of supporters was less than 1300 till last evening. Despite spirited speeches and demonstrations by the pro-renaming groups, those in favour of changing the name to Chhatrapati Sambhajinagar are much less as compared to the opponents. Some supporters have announced that 30,000 postcards to support the renaming will be sent to the authorities. A similar scenario is seen about the renaming of Osmanabad to Dharashiv. About 20,000 objections have been received but the number of supporting applications could not be ascertained. It is believed to be just a couple of hundred. The renaming issue is becoming political and the final court verdict will determine the direction in which it will be exploited by either side. The state government had attempted to rename Aurangabad in 1996 but the court had issued an order to maintain the status quo.
Congress President Mallikarjun Kharge is a very worried man these days. He feels he doesn’t enjoy the heft of being party president even after his election was duly ratified at the AICC Plenary Session in Raipur in February this year. He is at the receiving end mainly from those who belong to his home state Karnataka. They give him a short shrift most of the time as they keep him waiting even after fixing appointments. Partymen from his home state who seek time to meet him in Delhi do not show up at the appointed hour and it is left to Kharge’s office to find out why they have not turned up. Another major worry for the new party chief is that he is not able to get his way even in reshuffling the AICC. Party sources said he has not been able to get either his favourites like R S Surjewala as general secretary (organisation) or give more responsibilities to Pawan Khera. He finds he is getting stymied by the elephant in the room — Rahul Gandhi — who is not allowing him to move out a K C Venugopal or a high profile Jairam Ramesh.
The ICC World Cup is only a little over six months away and the first alarm bells have been heard by India after Australia trounced the Rohit Sharma led home team 2-1 in the three match series. This was Australia’s sixth ODI series win in India’s backyard since 1984 when Kim Hughes led Australia beat India 3-0, with two matches ending in a no result show. It was also India’s first ODI series defeat in India in 48 months. A nervous top and middle order came a cropper to left arm fast bowler Mitchell Starc in Mumbai and Visakhapatnam, but the Hardik Pandya led side rallied to put it across the visitor in Mumbai. Pandya’s stock appears to have gone up after his bowling and batting display at Chennai’s Chepauk. Dropped from the Test team for the last two matches of the Border-Gavaskar Trophy, KL Rahul topped the batting average with 116 runs in three matches, but others did not reach the three figure aggregate. Apart from its powerlessness to deal with Starc, India’s new ball operators could not stop Mitchell Marsh’s “go after the bowling” approach and his 194 runs. It’s going to be a long drawn out World Cup in the October heat and a bit of cooler weather in November, but it looks as though India would like to look at itself as the underdog, not the favourite!
The uncertainty in Maharashtra is straining personal relations among political relationships. Every cursory visit or comment is viewed with suspicion and tends to create much speculation about the future political direction of every political leader. Visits by chief minister Eknath Shinde to the deputy chairperson of legislative council Neelam Gorhe raised eyebrows forcing her to clarify her position stating that “Even earlier chief ministers would visit and confer with the presiding officers of the legislative council or assembly for official purposes. Be it our earlier chief ministers Uddhav Thackeray or Devendra Fadnavis who would confer with the then speaker Ramraje Naik Nimbalkar. Our earlier speaker Shivajirao Deshmukh also received chief ministers regularly over official matters. These are routine procedures and should not be viewed beyond that.” Gorhe has her loyalties with the Uddhav Thackeray faction of Shiv Sena, whose 16 legislators are being wooed by the Eknath Shinde-led Sena that enjoys the support of over 40 legislators. Though Maharashtra has a history of political leaders maintaining civil relations beyond party lines, this political culture of civility is now clearly under strain in the new political atmosphere. Former chief ministers Shiv Sena’s Uddhav Thackeray and Bharatiya Janata Party’s Devendra Fadnavis’ warm greeting when they happened to enter the assembly together by chance, also created much flutter.
The Congress party launched a nationwide campaign over a Surat court order that sentenced Rahul Gandhi to two years in jail in a criminal defamation case for his remark on the “Modi surname” while addressing a poll rally in 2019 in Karnataka. Based on a complaint filed by Gujarat MLA Purnesh Modi, Congress leaders have begun to privately admit that the latest legal development could prove to be a blessing. Many party leaders feel the Surat order could at least help Rahul Gandhi win sympathy among people if he fails to secure any relief in the higher court. Party veterans feel the Surat case could help in boosting the Wayanad MP’s image. For a change he may appear like a victim and probably help his sagging career take off. “Just as Marxist veteran Jyoti Babu had helped in building up Mamata Banerjee by targeting her. Or for that matter the Congress had helped in building Narendra Modi’s image by attacking him, I guess PM Modi is also helping Rahulji via this Surat order,” said a Congress veteran from Bengal. Apparently, BJP leaders are not happy with the latest legal twist. Aware that the Surat order could give the Congress leader an advantage, the BJP has mobilised support of the OBC “Teli” community against Rahul’s remark.
West Bengal Chief Minister Mamata Banerjee has taken the lead to create a new Regional Party front sans Congress to give a tough fight to BJP in the 2024 Lok Sabha elections. Taking a cue from her previous slogan of “Khela Hobe” (There Will Be A Game), Didi has sounded 2024 poll bugle with her new slogan “Abar khela hobey (We Will Play Again). Recently, Samajwadi Party chief Akhilesh Yadav came calling to Kolkata and has expressed his party’s whole-hearted support to whatever Didi does for a BJP-mukt India. Taking the regional pact a step forward, Mamata visited Odisha to meet her counterpart Naveen Patnaik. She will host former Karnataka chief minister HD Kumaraswamy at her residence. It is learnt that the TMC supremo will be staging a sit-in dharna near Ambedkar Murti in Kolkata from March 29 till the night of March 30. This is against the pending dues of the state and excesses by the central agencies. According to political observers, instead of calling for a Third Front, Mamata has floated the idea of Regional Front as there are around 200-250 Lok Sabha seats where powerful regional parties are in direct contest with the BJP. TMC insiders say that Mamata is critical about Congress stating that “PM Modi cannot be dislodged if Rahul remains the leader of the Opposition because Rahul is Modi’s biggest TRP and the saffron camp uses the Congress scion for their own good”.
This filmi family is constantly in the news by design or by accident. Last month, Tamil star Dhanush was in the news for his newly built Rs 150 crore home in Poes Garden, close to his father-in-law Rajinikanth’s oft vaunted residence. The latest news is about Dhanush’s estranged wife, the feisty Aishwarya who lodged a complaint at the Teynampet police station in February about valuables –jewels, silver utensils, gem stones — missing from the locker. Apparently, it was discovered by her, four years after her sister Saundarya’s wedding when the jewels were worn. In her complaint Aishwarya mentioned that the valuables had moved lockers and locations three times as she had moved from their family home to her current apartment and frequent visits to parent’s home. Naturally, suspicion for the theft pointed towards house maid Eashwari and driver Venkatesh. Both have been grilled by police, in the course of which some suspicious real estate deals and jewellery pledging trails have been unearthed. Reportedly, her maid has bought a plot worth Rs 95 lakhs at Sholinganallur with a bank loan. The police are investigating the money trail. Meanwhile, Aishwarya is busy producing-directing Lal Salaam in which Daddy dear is doing a cameo, rumoured to be fast emerging as more substantial.
Generally Rs 10 paid-up stock that carries a dividend of 1725% (Rs 172.50 per share) would have commanded a price of not less than Rs 2000. Taparia Tools, which earned more than Rs 200 per share from its operations and distributed Rs 172.50 as dividend for fiscal 2022, was quoted on March 20, 2023 at just Rs 10.50. At this price the dividend yield works out to 1643%! The company has now proposed a first interim dividend of 775% as against 700% first interim last year which indicates that in all probability current year’s yield may shoot up beyond 1700%! The Nasik-based Taparia Tools Ltd has been manufacturing hand tools in technical collaboration with a Swedish company since 1969. Its financials have been very impressive with topline growing from Rs 475 cr in FY20 to Rs 670 cr in FY22. In FY23 it is expected to touch Rs 750 cr. Likewise net profit more than doubled from Rs 30 cr to Rs 65 cr during the same period and expected to exceed Rs 75 cr in FY23. Why is the stock quoting so low? It has a small equity base of Rs 3.04 cr with promoters holding 69.73%, directors & relatives 13.72%, two corporate bodies 10.56% and 229 shareholders 3.84%. In the last 21 years, TTL was traded only on 39 days. In the first three months of 2023, the stock has been traded for 5 days. By arrangement with https://investlive.net/.
Even as the Congress MPs are stalling the Parliament and pushing for a JPC into Hindenburg report on Adani companies, the Congress leadership itself is quite divided on the issue as it doesn’t seem to strike a chord with the general public. In fact, a section of leaders close to Rahul Gandhi is coming around to the view that only those in the stock market may be interested in the Adani issue and the rest of the public may not be concerned with stock price manipulations. It is also felt that after a series of developments following the collapse of Silicon Valley Bank in the U.S., the Congress could be simply flogging a dead horse in India. Party sources also point out that Rahul’s London trip was a big hit as huge crowds had turned up to hear him because of Bharat Jodo Yatra. Everyone wanted to watch and hear the new Gandhi. At the same time what has foxed Congressmen, how did the government come to know of what exactly Rahul had spoken at Cambridge? Wasn’t it supposed to be in-camera? Congress leaders close to Rahul were flummoxed that the BJP was making such an issue of Rahul’s speech in the UK. Looks like TMC supremo Mamata Banerjee was perhaps right when she said the BJP was keen on making Rahul Gandhi a hero for PM Modi’s “TRP”.
The embattled Adani Group has been provided with much-needed relief by the Maharashtra government, which has strongly defended its decision to entrust the Dharavi redevelopment project to the giant. Disregarding a demand to drive the conglomerate away in view of the clouds hovering over it due to the Hindenburg disclosures, deputy chief minister Devendra Fadnavis made this clear in the state assembly. Dharavi’s Congress MLA and former minister Varsha Gaikwad had demanded that the project should be handed over to some other reputed firm by taking it away from Adani. Maintaining that the group had won the bid in open competition, Fadnavis said unless Adani Group fulfilled all the legal and financial formalities, the government would not issue it with a letter of intent (LoI). If financial institutions were satisfied with Adani’s status, they would extend the funding. In such a situation, there was no reason for the government to intervene. Former finance minister Jayant Patil reminded the government that Adani had recently withdrawn from a huge power project buyout in Central India and asked what was the timeline for completion of the project?. It will be completed within seven years, Fadnavis assured him. The project was originally conceived nearly three decades ago. Redeveloped Dharavi will absorb the overflow into the Bandra-Kurla Complex (BKC) and add billions to the government’s coffer.
The Sagardighi bypoll results which went in Congress favour seems to have jolted the West Bengal chief minister Mamata Banerjee. To keep anti-incumbency at bay during the General Elections in 2024, Didi quickly called for a meeting of senior party leaders and categorically told them that TMC lost Sagardighi seat not because of minority vote bank shift but because of the party’s “internal weakness”. To keep the minority vote bank intact, Mamata has rejigged the party’s minority cell by appointing youth leader and MLA Mosaraf Hossain as the new president. The incumbent president MLA Haji Nurul Islam has been elevated as chairman. It may be recalled that Didi had formed a five-member committee headed by Bengali-speaking muslim leader and ex-president of Jamiat Ulema-e-Hind within the TMC and a legislator Siddiqullah Chowdhury to prepare a report on the bypoll loss. Now, Chowdhury has been given the responsibility of three minority-dominated districts — Malda, Murshidabad and South Dinajpur. Interestingly, Didi’s close aide and state cabinet minister Firhad Hakim, who is an Urdu-speaking muslim, seems to have been sidelined by taking away his responsibility for the districts of Murshidabad, Howrah and Hooghly. For the panchayat election TMC has aligned with Jamiat, a grassroot organization. Many senior leaders and state cabinet ministers have been given additional responsibilities thus bringing back Mamata’s old guard rule replacing her nephew and second in command of the party Abhishek’s youth policy.
In this election season, has Rahul Gandhi’s utterances during the UK tour become a liability for the Congress? Well, the speeches delivered by him at a number of events in London have been a flashpoint between the BJP and the Congress and have led to the stalling of the Parliament for the 7th day in a row during the Budget Session. Rahul may have asserted that criticizing PM Modi or his government is not an “attack on India”, but party sources admit that his Cambridge speech where he spoke about “democracy in India” is under attack has not been liked by people at large. In fact, Congress leaders say at a time when the party is in a good position to win the Karnataka assembly elections, Rahul should not be “visible” during the election campaign. “The more Rahul Gandhi campaigns, Congress will stand to lose,” points out a party strategist. There was poor public response to his first rally in Belagavi on March 20 where he announced a series of sops such as Rs 3,000 to every unemployed graduate every month for two years as is done in Chhattisgarh. In contrast to the kind of reception PM Modi recently received in Belagavi, the crowds were simply not enthusiastic about Rahul. Besides, many in the Congress felt the Chhattisgarh model of unemployment dole cannot hold well in a progressive state like Karnataka where more educated jobless youths will be found.
The back ailment to fast bowler Jasprit Bumrah and middle order bat Shreyas Iyer has affected India’s groundwork for the ICC World Test Championship final to be played at The Oval, London from June 7 to 11. Bumrah has played nine Tests in England and has taken 37 wickets at 26.27, but a surgery in New Zealand to alleviate his nagging back has virtually ruled him out of action for an unspecified period of time. He has not played a Test match and ODI for India since last July and a T20 since last September. Bumrah will not be seen in action in the IPL-16. India is now accustomed to going into a match without Bumrah and everyone is keeping his fingers crossed of his availability for the ICC World Cup in India this October- November. Without him, India’s pace department will only be at half its strength. Iyer’s back problem is much more than a niggle; India’s captain Rohit Sharma pitied Iyer’s plight after the Ahmedabad Test, saying: “Poor guy. It just was such an unfortunate incident.” Iyer had established himself as a key batsman in the middle order and it looked as though he would be in rehab for a long period of time. Insiders say Mumbai’s Sarfaraz Khan will finally make the India squad for the WTC final and for the series in the West Indies.
It is being stressed that the Tamil Nadu alliance of the AIADMK and the BJP is intact. The local BJP chief K Annamalai may not think so, but he has been told to lay off from spreading any disaffection in the ties and to be prepared to work with the Edappadi Palaniswami group into the 2024 Lok Sabha polls. This is a decision taken at the highest levels of BJP and is way beyond Annamalai’s status in the party to change anything unless the AIADMK feels it can risk dropping BJP. After defeats in 2019 and 2021, the AIADMK has been tending to blame its loss of vote share on its association with BJP, which doesn’t jell with the voters in Dravidian Tamil Nadu. And the recent bypoll to Erode East was further indication of where voter sentiment lies. Annamalai has been a proactive local chief who has given the party some presence on the ground where he has shown organising ability to gather forces for protests, etc. Yet, it is a far cry for the BJP to go independent in a land that will not openly recognise Hindutva or far-right views. Unless the top two in the BJP decide otherwise, Annamalai will have to buckle down and work with EPS regardless of his personal opinion on the prevalent cash-for-votes brand of politics.
There is nothing wrong with newcomers and start-ups tapping the capital market. Take the case of the Davangere-based Udayshivakumar Infra Ltd which has filed a Red Herring Prospectus. It has evolved from a proprietorship firm in August 2002 to a public limited company in September 2022. But, according to the official website of the company (www.uskinfra.com), Udayshivakumar Infra Ltd was incorporated in the year 1995! The prospectus says Udayshivakumar was appointed as the MD of the company for a period of five years with effect from January 1, 2020 but did not draw any remuneration for the fiscals 2021 and 2022. Pursuant to a resolution passed by the board of directors and approved by the shareholders at the AGM held on September 19, 2022, the new terms of remuneration for the MD would certainly raise many eyebrows. The company, whose average annual employee cost was around Rs 3.5 cr during the last three fiscals, has proposed a basic salary of up to Rs 50 lakh per month (Rs 6 cr per annum) with an annual increment of Rs 10 lakh for its promoter-MD besides other perks. But, what’s more baffling is that his 24-year-old daughter Manjushree with experience of just two years as manager with the company, has been promoted as executive director and offered the same level of remuneration as her 53-year old father. Clearly it raises the question of corporate governance. By arrangement with https://investlive.net/.
The buzz around why Superstar Rajinikanth called on the Thackeray family at Matoshree is as audible as crickets chirping in a forest as night falls. It is well-known that intense activity, public profiling, media mentions, are all activated before a Rajini film release, and the legion of crazy (though now disillusioned ) fans lap up every bit and byte. Yes, his upcoming film Jailor’s publicity machine is on overdrive currently with news of mega stars joining the Jailor bandwagon. After all, the focus is that Jailor should overtake Kamal’s Vikram’s box office success, and so every appearance helps. Even a hint that yet another go at politics could set off clanging fan bells. So is Rajini’s alter Shivaji Rao Gaekwad creating more impact by calling on a bruised Uddhav? How easily this could be interpreted as a Marathi Manoos assuring Thackeray of his support! Did Uddhav take the lead? In politics, resurrections and relevance come in many packages. Uddhav needs a big jolt of support. So was the meeting for mutual advantage? Tamil Nadu whispers point to another direction. Rajini, the superstar, is a canny businessman, practical and political. It is well known that much of his huge net worth is invested in Karnataka and Maharashtra real estate and a token invested in TN. Is he buying insurance to protect his properties because of the sudden clash between Kannadigas and Maharashtrians over the age-old border issue?
The recent scandal linking a designer-bookie’s daughter Aniksha Jaisinghani with Amruta Fadnavis, wife of Maharashtra’s deputy chief minister Devendra Fadnavis, was viewed as an opportunity lost by the Opposition party Maha Vikas Aghadi (MVA). Leaders of MVA regret that they have been unable to put the ruling dispensation on the mat or demand their resignations. “Had the BJP got such a chance, they would have raised a ruckus enough to get the entire government to resign on this. Our ministers have had to put in their papers for much smaller errors. Vilasrao Deshmukh lost his chief ministership over film director Ram Gopal Varma’s visit to Hotel Taj post the 26/11 attack, while Union minister Shivraj Patil was made to resign for changing his clothes multiple times during serial blasts in Delhi,” said a former MVA minister. Referring to a stricture passed by the High Court against chief minister Eknath Shinde for reversing his deputy cooperatives minister’s decision, Opposition leader Ajit Pawar had said such HC strictures would have been enough reason for a minister to resign earlier, but not anymore. Not surprisingly, the ruling Fadnavis-Shinde government ministers seem quite lackadaisical skipping legislative discussions over catching up at the lobby instead. The Opposition had to tell the CM to instruct his ministers to attend the house so that they could hear Opposition leaders’ various demands including that of holding civic polls in the state immediately.
The Mumbai cricket fan deserves a pat on his back for thronging the Wankhede Stadium at Churchgate for the India-Australia one day international on Friday (Mar 17). The Mumbai Cricket Association (MCA) must be thrilled seeing a near full house, all having a gala time for seven hours; the mischief mongers tried to spoil MCA’s party by posting fake pictures of shabby seats at a popular stand. The MCA Secretary Ajinkya Naik said officials visited the stand and found everything spic and span. The spectators got their money’s worth too, seeing the ebb and flow of fortunes before KL Rahul and Ravindra Jadeja got involved in a rescue act initially, steering their team out of troubled waters and then finally giving the finishing touch in the 40th over. But there was so much excitement packed after India chose to bowl winning the toss, all started by the bang-bang going Mitchell Marsh. Then Shane Warne’s ‘Rockstar’ Jadeja rose to the occasion with the white Kookaburra. The match appeared to have swung in Australia’s favour when classy left arm fast bowler Mitchell Starc removed three in his opening burst before Rahul and Jadeja responded with barndoor defence and attractive stroke play. The spectators could not have had a better fill. Looks like the MCA went out of the way to roll out a super pitch that afforded the batters and bowlers a chance to shine.
A tacit message by Maharashtra Deputy chief minister Devendra Fadnavis that he has in his possession the names of some top politicians and police officials in connection with an attempt to implicate his wife Amruta in a bribery trap has cast a pallor of apprehension since many heavyweights would face trouble, if his threat becomes a reality. The disclosure by Amruta that a designer, Aniksha, had tried to offer her a bribe of a crore of rupees in return for protecting her father Anil Jaisinghani who is a bookie, shook the political circles in the state. Immediately, guesswork began about the different angles of the serious matter. Fadnavis himself explained later that there was truth in the complaint and many prominent names could tumble out during the investigation. Aniksha has been arrested and sent to police custody till March 21. In the special court, Mumbai Police said that they have added charges of extortion against Aniksha, for demanding Rs 10 crore from Amruta. While most political leaders desisted from commenting upon the shocking development, Uddhav Thackeray’s follower Priyanka Chaturvedi, a Rajya Sabha member, was engaged in a Twitter war with Amruta. She wondered how Aniksha could obtain access to such an important household. In retaliation, Amruta has castigated Priyanka for doubting her honesty.
A swanky new pavilion to complete the total renovation of the MA Chidambaram Stadium was his pet project. His dream has been fulfilled, but on the day of fruition, the progenitor of the project will remain a detached figure. N Srinivasan will be at the inaugural of the brilliant new pavilion structure, including one for the ancient Madras Cricket Club, but only after having given away the top post at the TNCA and asking his daughter also to resign so that the association may be handed over to a representative of the ruling DMK. At a time when even the Prime Minister has a stadium named after him, the architect of Indian cricket administration in its most modern avatar will see the pavilion named after one of his close friends who was the patriarch of the DMK family, M Karunanidhi. Cricket lover that he was, the litterateur may deserve the honour. But suffice it to say that Srinivasan deserved the honour more. Maybe, one day, the MA Chidambaram Stadium will be renamed after N Srinivasan who ruled Indian and world cricket like a czar but fell to his own hubris, leaving space for him to be derided as a South Indian who dared to rule the national sport. No one could have used cricket’s riches to better serve the game and its players. Alas! today he resembles Ozymandias.
With the Enforcement Directorate telling the Calcutta High Court that the volume of the school recruitment scam in West Bengal may reach up to Rs 350 crore, the ruling Trinamool Congress (TMC) has gone all guns out to find out those from the Opposition involved in the scam. Several TMC leaders including former second-in-command of the party Partha Chatterjee have been arrested in connection with the scam. TMC for the first time expelled two youth leaders who had been arrested by ED for their involvement in the scam. Earlier, it had suspended senior leader Partha Chatterjee and legislator Manik Bhattacharya, but did not expel them from the party. TMC has alleged that Leader of Opposition Suvendu Adhikari was directly involved and demanded his custodial investigation in the case. Recently, the court dismissed the appointment of over 800 candidates out of which 55 people were recommended by Adhikari, claimed TMC. The series of dismissals from the job of candidates have left Didi worried since the Panchayat Election is knocking at the door. She has even made a fervent appeal to the court to punish ‘culprits’ in the recruitment scam but reinstated “legally” those who are losing their jobs. Political observers believe in the light of the recruitment scam TMC may lose a few districts in the Panchayat Poll to be held in May. If that happens it will give an impetus to BJP in West Bengal.
Must give it to Rajya Sabha Chairman Jagdeep Dhankar for bringing lighter moments to house proceedings while recording praise for Oscar winners. He even acknowledged that had he not become a lawyer he could have become an actor. He got the House to appreciate India’s mega double-win at the Oscars with MPs across the political spectrum praising the achievement. While Union Minister Piyush Goyal lauded the role of women in ‘The Elephant Whisperers’, LoP in Rajya Sabha Mallikarjun Kharge said “This award is given to Naatu Naatu and The Elephant Whisperers. Both mostly come from South India. It is a great pride for us.” His only worry was the Centre should not take “credit” for directing the film. His quip left the House in splits with senior ministers S Jaishankar and Piyush Goyal enjoying it. Goyal was quick to point out that V Vijayendra Prasad, “RRR” scriptwriter, was a President’s nominee to the House from July 2022. Danseuse Sonal Mansingh reminded about the genesis of the word “Naatu Naatu (Dance,Dance) and said it gets its roots from Nataraj. The entire world is singing to the tunes of the song. Secondly, the award won by the documentary, ‘The Elephant Whisperers’, we are devoted to Ganesha, he is Prathamesh and the elephant is extremely auspicious for us.” The MPs may get to see the Oscar winning films as I&B minister Anurag Thakur assured the House to arrange for their screening.
For the second consecutive day both Lok Sabha and Rajya Sabha were adjourned soon after they met as the heated exchange between the BJP and Congress over Rahul Gandhi’s remarks. It was quite clear that the Parliament was following the agenda set by PM Narendra Modi who took on Rahul for his remarks on India. Speaking in Karnataka, Modi had warned people to be wary of those “who raise questions about Indian democracy”. At a London event Rahul said India’s institutions are under attack and a large chunk of Indian democracy has “come undone” and are not likely to end any time soon. The BJP has demanded an apology from Rahul Gandhi. The Congress has trashed the ruling party’s allegations and said “those crushing democracy are talking of saving it”. The party also dubbed it as an attempt to divert attention from its demand of a JPC into the Hindenburg report on Adani. “A member of the House goes to foreign country and talks against the democracy of India. I am shocked that some parties are also backing him. I appeal to all parties to criticise how a senior MP tried to defame Parliament on foreign land,” said Rajya Sabha Leader Piyush Goyal. Congress leader Shaktisinh Gohil has filed a breach of privilege notice against Goyal for criticising a Lok Sabha member “without truth and was intentionally going on with derogatory remarks”.
Rohit Sharma — as he would do to a wayward delivery around his pads — deflected a sensitive question related to Virat Kohli being sick while he scored his Test century No 28 at the Narendra Modi Stadium on March 12. Sharma said “It’s funny what people talk about on social media. For us, we don’t really respond or look into what’s happening (in social media). I don’t think he’s sick, he was just coughing a little bit. He’s not that bad health-wise.” He also went on to say that the splendid century Kohli scored (after more than three years) in Test match cricket did not in any way was like getting the monkey off his back. Kohli himself was thrilled to play a big part in India outsmarting Australia in the first inning of the fourth Test of the Border-Gavaskar Trophy. Sharma endorsed Kohli’s classy eight and a half dig saying: “He’s just enjoying his cricket at the moment. Obviously, he wants to put up big performances for the team which he has done in the past so many years. He just wants to do that every time he plays for India.” The question raised at the post match media interaction was a reference to Kohli’s wife Anushka Sharma’s social media post that stated: “Playing through sickness with his composure, inspiring me always.” All that can be said about the drawn Test is that Kohli gave a solid masterclass on slow and drab pitch.
Former chief minister Uddhav Thackeray’s right hand Subhash Desai’s son Bhushan’s entry into the Shiv Sena is likely to create a political clash between the two parties running the Maharashtra government. The BJP’s Goregaon unit leader Sandeep Jadhav has strongly objected to the development. In his letter to CM Eknath Shinde, he says, “Bhushan is afraid of getting implicated in some economic transaction and hence has joined the Sena to protect himself. Entry to such a tainted person can adversely affect the BJP’s alliance with the Sena.” Desai’s political career of over four decades shaped in Goregaon, is now the BJP’s stronghold. Although Desai has politically disowned his son, the local BJP’s anger against Bhushan can’t be overlooked by the party, it is felt. As Shinde himself welcomed Bhushan into the Sena fold on Sunday (Mar 12), all eyes are now on deputy chief minister Devendra Fadnavis, who will have to douse the sparks which threaten to erupt any moment in an inferno. Uddhav’s spokesman Sanjay Raut recalled that industry minister Uday Samant, earlier with Uddhav, had levelled serious allegations against Bhushan in the past. “The CM has cleansed him through his washing machine,” said Raut. Explaining his decision, Bhushan has said that he decided to support Shinde who was following the path laid down by Balasaheb Thackeray.
Opposition leader Ajit Pawar has hinted that Maharashtra chief minister Eknath Shinde misused the state financial allocations to pressurise legislators from the Uddhav Thackeray faction of Shiv Sena to quit their party. Pointing out that only 52% of last 2022-23 budgetary allocations had been utilised, Pawar stated that soon after assuming power, the Shinde government had stalled funding for developmental works in constituencies of the Opposition Maha Vikas Aghadi legislators. While a few legislators from the Nationalist Congress Party and the Congress did manage to get their way subsequently after meeting up with Shinde, those supporting the Uddhav Thackeray faction, had it really bad. Pawar alleged that the Uddhav’s MLAs were told that disbursal of funds for their projects was simply subject to their decision (to shift their allegiance). Pawar also pointed out that the state had failed to utilise 67% of the Rs 13,290 crore allocated by his government district development works. Pawar, who had presented over 9 budgets in the state, termed the 2023-24 Devendra Fadnavis’ maiden budget as finance minister as an election-oriented one lacking vision and peppered with unrealistic promises.
Bollywood queen Kangana Ranaut has the art of staying in the news. Recently when the Khalistan movement played up in Punjab she took to social media to say she had predicted this problem two years ago. A hardcore Modi supporter, she has been nursing political ambitions and reportedly made it known that she was not averse to standing for elections from her home state, Himachal Pradesh. Her outspokenness cost the 35-year old actor dearly when the Maharashtra Vikas Aghadi government headed by Uddhav Thackeray gave orders to demolish her house. Even her reel life role has been reflecting her political ambition, the kind of role she cherry picks or produces. She has played the role of modern leaders like Indira Gandhi and Jayalalithaa. Besides, she has also donned the role of legendary and religious characters in movies like Manikarnika 2, Sita: The Incarnation. Kangana is now busy shooting for Chandramukhi 2, a sequel to Rajnikanth’s horror comedy directed by P Vasu. Of late, she is more focused towards the south film industry. In Bollywood where she is known for not mincing words, she gets along with people who are right-winger like Anupam Kher; but one was surprised to see her making fun of Selfiee which had Akshay Kumar. And another surprising factor was her support for Nawazuddin Siddiqui and it may be because she is working with him. After fighting courting too many battles including a defamation suit filed by Javed Akhtar, Kangana, according to industrywallahs is now careful and measured in her talks and social media message. Is it?
The Vadodara-based Styrenix Performance Materials Ltd is a strange company in many ways. In the last three decades, the company has changed its name as many as seven times. Its original promoter sold the company on the eve of its Silver Jubilee and bought it back on the eve of its Golden Jubilee. Surprisingly, MNC INEOS Styrolution sold its stake to the Indian promoter at a time when the company had achieved its best performance. What’s more, the MNC sold its stake at less than one-third of the peak price. Just before the MNC sold its stake, the company, for the first time, came out with bumper special and interim dividends aggregating to Rs 297 per share which benefited the MNC to the tune of Rs 253 cr. The acquirer, whose net worth was less than Rs 60 cr, committed to buy the MNC’s stake for a consideration of more than Rs 600 cr. The transaction between the MNC and the Indian promoter triggered a mandatory tender offer to the non-promoter shareholders. The quarterly disclosure filed by Styrenix on January 18, 2023 presented SPML’s holding of 62.73% as promoter’s stake. But on February 9, 2023, the company made a revised filing which lists SPML’s stake under the `Public’ category! How has the promoter become a `public’ investor? The company is yet to reply to the e-mail sent in this regard. By arrangement with https://investlive.net/.
Ever wondered why the Congress stayed out of the Opposition’s open letter written on March 5 to PM Narendra Modi, alleging “blatant misuse of central agencies”, citing the CBI arrest of Delhi’s former deputy CM Manish Sisodia? The missive, believed to be the brainchild of Telangana CM K Chandrasekhar Rao was signed by AAP supremo Kejriwal, Punjab CM Bhagwant Mann, West Bengal CM Mamata Banerjee, Bihar deputy CM Tejashwi Yadav, Samajwadi Party chief Akhilesh Yadav, National Conference chief Farooq Abdullah, NCP supremo Sharad Pawar and Shiv Sena (UBT) head Uddhav Thackeray. While the Congress itself was sending out mixed signals on action against Sisodia, Delhi Congress leaders are happy that party chief Mallikarjun Kharge took a firm stand against AAP. Congress leaders feel now is the time to put AAP in its place and regain lost ground in the national capital. Besides, the letter made no reference to the National Herald case which had badly hit the Congress. Interestingly, most signatories seemed like affected parties — that is either they had been investigated or their kin have been under ED/CBI scanner. Congress sources said the party was in somewhat august company as JD(U) leader Nitish Kumar too did not sign. As for the Left parties, Kejriwal flaunted a letter from Kerala CM Pinarayi Vijayan expressing concern for Sisodia.
BJP MLA Madal Virupakshappa, whose son V Prashanth Madal was arrested by the Lokayukta police for taking a bribe of Rs 40 lakh, may have secured conditional anticipatory bail from the Karnataka High Court. But, his political future remains under a cloud, notwithstanding his proximity to veteran BJP leader B S Yediyurappa. It was his mentor who urged him to surrender to law. It is more likely that the BJP may not retain him. Party sources say, even before Rs 8 crore cash were recovered by Lokayukta police from his son last week, Virupakshappa had made it known that he would not contest this year’s assembly election. The high court has asked the MLA to surrender before the Investigation Officer within 48 hours after receipt of the anticipatory order. The judge also told him not to tamper with evidence and not to enter the office of Karnataka Soaps and Detergent Ltd Virupakshappa, an MLA from Channagiri in the Davanagere district, was booked in a bribery case in which his son was caught red-handed while receiving a bribe of Rs 40 lakh. Lokayukta then registered an FIR in the bribery case and named Virupakshappa as the number one accused.
The Congress candidate winning the Sagardighi Assembly seat in West Bengal in alliance with CPM has put both the parties in a dilemma. The arch rivals are now thinking hard whether to forge an alliance officially in the run-up to the Lok Sabha Elections 2024. Interestingly, Berhampore MP and President of West Bengal Pradesh Congress Adhir Ranjan Chowdhury has categorically stated that his party is keen to fight future elections in the state in an alliance with the Left to take on the Trinamool Congress and BJP. Moreover, with this result, Congress gets one representation at the Assembly. Chowdhury, who happens to be close to the Gandhi family, has made it clear that lower-level party cadres are keen on this alliance contrary to some top Left leaders thinking otherwise. The senior Congress leader said that he had requested CPM Politburo member Biman Bose and State Secretary Md Salim not to field any candidate for this seat. However, previous attempts at similar alliances backfired during State Assembly Elections in 2016 and 2021 and both were unable to even win a single seat. Insiders said that Chowdhury had expressed his concern to Wayanad MP Rahul Gandhi to speak against TMC. Gandhi’s statement against TMC in Meghalaya campaign results from that request. Incidentally, both Rahul and his mother Sonia Gandhi enjoy an excellent relationship with Mamata Banerjee.
Malayalam superstar Prithviraj Sukumaran, who was supposed to direct and act in the web series Biscuit King, a biopic on Rajan Pillai, seems to have put the project on the back burner. Yoodlee Films, a subsidiary of Saregama, had announced in December 2021 that it was backing the project on Rajan Pillai who died a gruesome death in Tihar jail in 1995. Recently, when Prithviraj and actor Suriya got together for a photo shoot it was speculated that the Tamil superstar was in discussion to act in the biopic. However, Prithviraj’s PR team has now clarified that there is no biopic project and that the director’s next two projects are Empyrean and Tyson. Suriya is now expected to do a cameo role in Empuraan or Prithviraj could star in the Tamil actor’s upcoming movie. It may be recalled that in 2021 when the web series Biscuit King was announced, Prithviraj had said, “This story has it all; ambition, success, a jet-setting lifestyle and then a hubris-induced fall. It will be very interesting to discover what made this charismatic personality tick and to relive his intriguing, complex life”. It now looks like the project has been dropped. The biopic since its announcement had his critics as it was not clear whose version it was — Rajan Pillai’s wife Nina, Nusli Wadi/Sunil Alag combine who dethroned him or Rajan’s brother Rajmohan Pillai.
Sustainability of any family business is a tough challenge. When family expands, it gets even tougher. More than anything else, the challenge lies in keeping the interest alive among the GenNext in the family. The story is different here, however. A member of the fourth generation, Devaki Ashwin Muthiah has just joined the board of AM International Holdings. She is the eldest of the two daughters of Ashwin Muthiah, the son of indefatigable AC Muthiah. As a part of the leadership team, Devaki will drive the group’s strategic growth plans across Singapore, India and the UK to accelerate its future-readiness. She had earlier interned in global luxury firms such as Joseph and Chopard in the UK. She has been a mentor and university liaison for the GAIN (Girls are Investors) charity in the UK. Devaki is already on the boards of Penn Globe Ltd and Notedome Ltd, subsidiaries of Manali Petrochemicals. Her induction into the holding company board sets the succession line clear. Her brief is clear: to prepare the group future-ready. For a group that traces its history to the launch of the country’s first motor scooter Lambretta by Automobile Products of India (a group company then) half-a-century ago, the entry of a fourth generation member invests this iconic traditional industrial family business group with a sense of freshness and energy to move forward.
Edappadi Palaniswami is a man in a hurry. He would like to use his de facto position as chief opposition to the DMK government by getting himself elected as General Secretary of AIADMK, a post previously held by the likes of J Jayalalithaa and her super ambitious aide VK Sasikala. EPS would like to take advantage of all court rulings having come in his favour after fending off challenges from OPS, who was seeking to exert the influence of the Thevars. To prepare the ground for his election as General Secretary, EPS has called a meeting of office-bearers at various levels on March 9 and 10. After the passing away of Jayalalithaa in 2016, her close confidante Sasikala became the General Secretary by calling the general council that chose her to the top post though the party constitution framed by MGR clearly states that the General Secretary could be elected only by the primary members. Much of that is water under the bridge now as EPS pushes on to be recognised as the second biggest force in State politics after DMK’s MK Stalin. Having tried to steer a course midway between surrendering to the BJP and retaining some political independence, EPS would like to keep himself in a position strong enough to negotiate the terms on which the AIADMK-led alliance will be formed with the BJP ahead of the 2024 Lok Sabha polls.
At last, the DMK had to get realistic; even reckless election promises need money to be fulfilled. The pink coloured free buses for women, free rides for old, infirm, transgender, subsidised travel for students, monthly bus passes can no longer subsist on ideology. The DMK has announced a plan to allow private bus operators to own and run buses on MTC routes under a Gross Cost Contract (GCC), which would factor in adding 500 vehicles for 2023, and increase it by another 500 by 2025, on a per km rate revenue sharing model. Is this a creative public-private partnership model? Or is it mandated by the World Bank funded C-SUSP (Sustainable Urban Service Program)? The announcement was not happily received by the MTC workers who see in it a diabolical plan to gradually hand over the bus transport to private operators. K Arumuga Nainar, General Secretary of the Federation of Transport Workers has opposed the move as do other CITU unions. Interestingly, the Indian Express carried a stout denial by the Transport Minister SS Sivasankar, claiming that the government had only undertaken a feasibility cum revenue study. “Private operators will likely be allowed to run buses only on routes that have high patronage.” MTC is the lifeline of Chennai which operates 3436 buses over 625 routes, and is used by 30 lakh people every day.
Three Test matches have been played in the four-Test Border-Gavaskar Trophy and the pitches at all three venues have been damned by the International Cricket Council (ICC) Match Referees. Zimbabwe’s Andy Pycroft gave an “average” rating for the pitch at Nagpur’s Vidarbha Cricket Association Stadium and New Delhi’s Feroz Shah Kotla, and England’s Chris Broad did not hesitate to give a “poor” rating to the Holkar Stadium pitch, Indore. The ratings were as good as anyone, from a fan to official, would have imagined after seeing the behaviour of the pitch right in all three Tests put together, but the moot point is which entity should take the blame for the quality of the pitches for international matches played in India. Officials of the Madhya Pradesh Cricket Association (MPCA) were peeved that it had to face the flak, when fingers should have been pointed at the BCCI pitch and ground committee representatives who supervise the pitch preparation. The team management would not admit, but the officials of the BCCI member associations have divulged that the pitches have been prepared at the behest of an influential support staff member in order to suit the team’s spinners. The Indore pitch has been given three demerit points and the MPCA is fuming because they are not at fault. What’s in store in Ahmedabad is anybody’s guess!
Celebrities across the world have to put up with pesky paparazzis. Bollywood is no different. Recently, a freelance Paps clicked Aliya Bhatt sitting by the window in her house. It was not scandalous but Alia raised ‘the right to privacy’ stink and it became a headline. Interestingly, sometimes back when Alia told Paps to avoid taking photos of her daughter they readily agreed. But Anushka Sharma was not that lucky, her child’s photo went viral. And everybody knows Jaya Bachchan’s aversion for Paps. Do Bollywood stars have love-hate relations with paparazzis? In Bollywood there are two kinds of Paps: professional, organized ones and freelancers (mobile phone wielding ones). The organised ones are officially tipped by the PR guys about film stars’ schedules like visits to malls, theatres, restaurants or airports. But, freelancers are not part of this loop. Since they are paid only if they deliver. And their KRA is how far you can go to get those exclusive photos/videos. This sheer fight for survival to take money home sees them break barriers of decency; at times pass lewd remarks against female stars. Basically, they lack etiquettes and manners. In the last three years, especially after Covid-19 pandemic, some of these freelancers have crossed the Laxman-Rekha and have intruded into the star’s privacy. This has irked many female stars.
For reasons best known to it, the Congress decided to toast and celebrate its by-election wins even though it was decimated in the North East. Party leader Jairam Ramesh went on to emphasize how the Congress had wrested the Kasba Peth assembly seat in Pune after 33 years and managed to make a debut in West Bengal assembly by winning Sagardighi seat after 51 years. In the last West Bengal assembly elections, the Congress had drawn a blank. Congress sources, however point out that winning Kasba Peth was more due to inept handling by state BJP; the assembly seat was handed on a platter to the Congress. Pune MP Girish Bapat reportedly wanted the seat for his daughter-in- law but he had failed to get Deputy CM Devendra Fadnavis’s backing. When the party leadership refused to oblige him, Bapat sulked and did not push for a BJP win. Even as PM Modi vowed to expose the CPM-Congress alliance in Kerala, Jairam explained how the tie-up proved to be a face-saver – it had helped the party get at least 5 seats, in 2018 it was zero. In Meghalaya, of course after its entire team of 21 MLAs led by Mukul Sangma joined TMC, the party had reasons to be happy that it had won 5 seats. But then the Congress doesn’t realise that exodus to the TMC wouldn’t have happened if it had not handed over the PCC to Lok Sabha MP Vincent Pala– he lost the assembly elections.
The Adani group and its shares have been under tremendous pressure over the last five weeks since the report from Hindenburg hit the markets. 2nd March was a great day — a big comeback of sorts for Adani. GQG Partners Emerging Markets Equity Fund invested Rs 15,500 cr approx. in four of Adani’s companies. These shares were bought from the Adani family. The price at which these shares were bought are Rs 1,408.25 for Adani Enterprises, Rs 504.60 for Adani Green Energy, Rs 596.20 for Adani Ports and SEZ, and Rs 668.40 for Adani Transmission. These prices at which the deal was done would become a benchmark for valuation going forward. In the near foreseeable future these prices would not break unless a new disaster hits the stock markets. On the same day, the Supreme Court appointed a six-member panel to look into the allegations against the group and submit a report in a sealed cover within two months. This would clear doubts raised by Hindenburg, the continuous disruption in Parliament would now stop and alleged cronyism, a charge raised by the Opposition would also be resolved. The proof of the pudding is in the eating and at the time of writing this article the share prices of three of the four stocks mentioned have gained between 11.13% to 11.32% (as they are subject to a 5% circuit filter) and the fourth has gained a staggering 29.8%.
The USI Atma Nirbhar Bharat Initiative (USI-ANBI) has given new meaning has been given to the work of the United Service Institution (USI) of India in furtherance of its avowed objective of “furtherance of knowledge in the art, science and literature in the interest of national security”. Such initiatives bring defence industry players in contact with the Services departments dealing with procurement and indigenisation. In July 2022, for example, it had a panel discussion (PD) with Aditya Birla Securities Ltd on the impact of the geopolitical situation on global and India’s financial markets, followed by one with Microsoft on cybersecurity, where the apex cybersecurity officials were brought in. Start-ups are allowed to register and asked to join when there is a round table discussion (RTD), seminar or closed-door meeting on the issue relevant to them. USI of India is a strategic think tank with a wealth of retired officials from Services, IAS, IPS and IFS, explains Major General Dr Pawan Anand, AVSM (Retd), Distinguished Fellow and Head of USI-ANBI. “It is a great brand!” he says. “We are now planning on foreign industry offerings too at our RTDs.” Obviously, India’s role on the global stage continues to grow in its presidency of the G-20 which it took over in December last year.
Fatal attack by four unidentified assailants on MNS leader Sandeep Deshpande in the busy Shivaji Park area has fuelled a bitter political war as his party colleagues have demanded arrest of Aaditya Thackeray and Sanjay Raut. The police are treading cautiously as any wrong action by any side can potentially blow up in a serious law and order problem. Known as a politically mature state once upon a time, increasing incidence of violence has become the norm in recent times. Beating up of government officials and assaults on police personnel was never heard of in older times but even that scenario is changing for worse. Alleged involvement by ministers like Jitendra Awhad or Bachchu Kadu in thrashing political opponents and conviction of some of them has been becoming frequent. The sad part is that the political parties concerned avoid taking any disciplinary action fearing electoral fallout. Deshpande, a vocal critic of the Thackeray family and a confidant of MNS chief Raj Thackeray, has been in the forefront of exposing the BMC corruption. He has vowed to continue his crusade.
Emphatically returning to power on its own in Tripura in the face of the CPM and Congress alliance, there was a story waiting to spoil BJP’s party in Bengaluru. It all seemed well planned by the Congress and its cohorts of contracts. It was too much of a coincidence that the anti-corruption wing of Lokayukta should strike on March 2 evening. Prashanth Madal, a Karnataka Administrative Service officer and the son of BJP MLA Madal Virupakshappa was caught receiving a bribe of Rs 40 lakh from a contractor who supplied raw materials for the factory. Lokayukta Police were surprised when they found over Rs 6 crore from Prashanth’s residence. Following the recoveries, his father Virupakshappa quit as chairman of Karnataka Soaps and Detergents, the manufacturer of Mysore Sandal Soap. Virupakshappa is a MLA from Channagiri in the Davanagere district. Prashanth is the chief accountant at Bangalore Water Supply & Sewerage Board. Predictably chief minister Basvaraj Bommai asserted that action against Prashant could be taken only because the BJP government had appointed Lokayukta. Politically, the Lokayukta action against the BJP in South was planned by the Congress; it was essentially to help the Congress once again revive its PayCM campaign against Bommai. The Lokayukta action was possibly scripted by contractors who are pro-Congress. Interestingly, reflecting on squabble within the Karnataka Congress, a video has gone viral where potential CM candidate Siddaramaiah is heard saying bringing people to rallies by paying Rs 500.
Sometime ago, this one did an out-of-the box innovation to reward long-time loyalist-employees. This Chennai-based high-end product engineering company distributed 100 Maruti cars to staffers who have served the company for over five years. Now, it has come out with yet another innovative idea. With tech giants such as Google, Zoom and the like dishing out pink slips, Ideas2IT has decided to play Good Samaritan. It has now launched perhaps the country’s first proprietary up-skilling program. The idea is to help tech professionals bounce back from the adversity of recession and layoffs! “Pledge2Propel”, a career enhancement initiative, is primarily intended to help tech professionals affected by the economic slowdown and layoffs. This initiative aims to provide all the support they need to re-group and pursue new opportunities by means of up-skilling or venturing into entrepreneurship while prioritizing their mental health. To be sure, this initiative does not promise or guarantee a job. Along with IdeaRX, a HealthTech start-up, Ideas2IT hopes to help the laid-off professionals to navigate the psychological and professional challenges and guide them to reach a secure terrain. “With this association, we intend to transform the lives of many tech professionals through empathy, inspiration and empowerment,” says Gayathri, CEO of Ideas2IT. This non-profit program is available for free to all affected tech professionals across the globe. A twice-blessed initiative, indeed.
Bollywood’s most successful star Akshay Kumar is experiencing failures; all his releases in the last two years have bombed badly. His latest Selfiee collected just Rs 20 cr in the first four days of its release instead of earning at least Rs 20 cr per day. Selfiee made at a cost of Rs 150 cr and shot in 40 days could perhaps be Akshay’s biggest flop of his career. Shah Rukh Khan’s Pathaan in spite of controversy collected around Rs 70 cr per day to touch Rs 509 crore in 36 days. Earlier, Kartik Aaryan’s Bhool Bhulaiyaa2 broke the Bollywood jinx by grossing over Rs 200 cr. In comparison Akshay’s figures are: Bachchhan Paandey Rs 52 cr, Samrat Prithviraj Rs 68cr, Bell Bottom Rs 32 cr and Raksha Bandhan Rs 48 cr. Says an industry insider, Akshay Kumar needs to reinvent himself. Most of his choices of subjects have been super flops. Basically, his fans are showing him the mirror. But is he looking at it? In spite of back-to-back flops, the 55-year old is not being written off by the producers. He has a couple of big projects in the pipeline — Hera Pheri 4 (promo shot), Bade Miyan Chhote Miyan with Tiger Shroff, Capsule Gill completed in the UK, a remake of Sorarai Pottaru (under production). Currently, he has taken a short break for a show in the USA with four glamorous stars. Reportedly, the New Jersey show has been cancelled.
Given the option, India chose one of the black soil varieties and got the two ends of pitch (in front of the batter) scoured to the extent it desired, and yet got the taste of its own medicine in the third Test at the Holkar Stadium, Indore. It appears that a pitch of the red soil make-up was the initial preferred choice of the home team, but people privy to what goes on between the team management and the State association said that a black soil that deters consistent bounce was ordered to be prepared four days before the start of the Test. It was on a pitch of like texture that India dictated terms in Nagpur and New Delhi, but the team that was vanquished there hit back and outplayed India in the end by nine wickets. Pitches in India have always been tinkered with to suit its spin-strength with the ultimate aim of winning the home series. The last Test will be played at Motera in Ahmedabad, where the prime ministers of the two countries will be in attendance on March 9. The pattern of the black soil pitch is likely to be pursued for yet another time in the last Test. Two years ago England lost two Test matches in five days at Motera in Ahmedabad, but Australia turned out to be a tough customer in Indore and it will be tough to beat now in the series-ending match in Ahmedabad.
The DMK+ alliance won the bypoll to the Erode East with a whopping margin of 66,000 seats. Having played it safe by asking the senior Congress leader EVKS Elangovan to stand rather than let one of his sons do, the importance of winning had been anticipated by DMK. The verdict also settles the question of which is the Opposition party that can get the closest to the DMK and that is Edappadi K Palaniswami’s AIADMK. The result was a foregone conclusion but what it does is it adds to the stature of Tamil Nadu Chief Minister M.K. Stalin as a definitive national figure in any post-2024 Lok Sabha polls scenario. A man who can guarantee close to 40 seats for the combined opposition hoping to down the BJP on a national scale, the numbers assume great significance. And Stalin also presented the sanest view that it was more important to defeat the BJP than haggle over who can be Prime Minister in the unlikely but possible scenario of the combined opposition claiming the numbers. Given the sentiment of the occasion of Stalin’s 70th birthday, a gushing Farooq Abdullah tried to present Stalin as a PM candidate. Stalin brushed that aside while calling for unity in the Opposition ranks when just over a year remains for the crucial 2024 Lok Sabha polls.
Freebies have become synonymous with elections. Voters are really spoilt for choice. But, freebies during bypolls seems a bit unusual. That’s what happened at the recent bypolls held in Erode East, Tamil Nadu. According to a source, at least 18 gifts were given to each voter by various political parties. It was Diwali in February with smart watches, mini fans, pressure cookers and a host of consumer durables. Besides, liquor and biryani packs were distributed every day until the voting day. Attached ingeniously to the biryani packs were what is euphemistically called “sweet boxes” in TN; cash in disguise. The Erode voters felt wooed and wanted. Vikatan TV’s social media handle talked about Erode East’s “withdrawal symptoms” when the election campaigners packed up and left the constituency. A funny incident doing the rounds is one for the books. TTV Dinakaran who decided not to field his candidate in the final run up, had a huge stock of pressure cookers — his party’s symbol that was allotted to another. A DMK minister is said to have asked Dinakaran to sell the stash at 50% discount! His advice “the symbol itself is not yours. Salvage the cost of this huge consignment. Sell it at 50% to me.” Commerce is the one abiding force that moves both winners and losers.
Laissez-faire is a policy of minimum governmental interference in the economic affairs of individuals and society. This freedom is the fulcrum around the real competitive world. Yet, we have a Competitive Commission. This does not, however, prevent competitive cooperation in the business world. If proof was required, it is available in plenty in the Indian business world. Every December, car makers – one by one – come out with announcements of impending price hikes. One can easily sense a collective design in their individual action. This kind of cooperative competition has now spread to new-age entities. Online food ordering and delivery platforms Zomato and Swiggy are highly popular in India. No doubt, they are in a competing space. These new-age organizations often give a go by to the much acclaimed dictum `profitable growth’. Faced with the reality, Zomato and Swiggy appear to have struck an informal cooperation. So much so, you can now see a Zomato boy delivering an order placed with Swiggy! This kind of order diversion appears to be quite usual these days. None would like to lose out on business due to lack of network. Indeed, it is a sensible way to optimize each other’s network. Of course, they share their commission. Well, the survival instinct is at work indeed.
TRENDS & VIEWS
Technology Cannot Disrupt Original Content Provider: Short Post Editor
They say time flies. How true! Today is our #SecondAnniversary. Two years back at the height of Covid-19 Pandemic when lockdown was the way of life we took a leap of faith and launched Short Post (Jan 28, 2021), the first-of-its-kind website in the country that focuses on Authentic Gossip. The Oxymoron is deliberate. Well, the response has been quite encouraging. That’s what has kept us going. Till date we have posted close to 2000 stories in the areas of Politics, Business, Entertainment and Sports. Each insightful story of around 225 words has been contributed by Senior Editors. There is a sense of satisfaction of creating a new segment in the market – authentic gossip — and in the process creating a brand (in a limited sense), creating demand (readers) and creating supply (writers). Well known advertisers — IDFC FIRST Bank, ICICI Lombard – supported us. And that really boosted our confidence. Thank you!
So here we are raring to go. But, when I look at the media landscape the disruption is indeed fast and furious. Technology is playing a very big role in how content will be consumed. In the past, we have seen how social media has disrupted the media world. Now, everybody is saying the same thing about ChatGPT. It has reached 1 million users in five days. Its scorching pace of growth is indeed frightening and will disrupt the media industry big time. My limited argument is can it do investigative stories, write gossip items using the digital world ecosystem. Unlikely. Clearly, the original content has to be created first — only then can ChatGPT do the magic. That’s what we promise to do – focus on original content.
Before I sign off, I am reminded of an old advertisement of the early sixties: “Avis is only No.2 in rent a cars. So we try harder”. Likewise I can say, we are two years old and we are trying even harder to be relevant to you readers.