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Done Over 40 PCR Covid-19 Tests: Agarkar
It’s been one hell of a run of routine COVID 19 tests international cricket teams have had to take and enter bio-secure bubble life in order to play a Test, ODI or Twenty20 match. All this began from the England-West Indies series in the 2020 English summer. Not only the players, but people involved in the conduct of an international match, or even for that matter the IPL in UAE and the Syed Mushtaq Ali Twenty20 held by the BCCI recently, have had to go through this short procedure called polymerase chain reaction (PCR) test.  Ajit Agarkar, the former India seamer, revealed that he has gone through close to 40 PCR tests starting from the pre-boarding flight to Abu Dhabi for the 13th IPL in the United Arab Emirates last year. Agarkar was part of the Star TV Network commentary team in the Emirates.  Agarkar, like all others who were part of the IPL, took regular PCR tests in Abu Dhabi and Dubai, was also part of the Sony Pictures Network for the India- Australia series.  And now he is holed up in his hotel room in Chennai for five days, all part of the bio secure bubble requirement, before the start of the first Test against England set to start on Friday, February 5. “I can leave my room only on Friday,” he said.
Big Tech & The Globalization of Protest
“I’m just a phone call away,” said PM Narendra Modi to the agitating farmers, while expressing pain over the vandalisation of Mahatma Gandhi’s statue in the U.S.; and assuring the law will take its own course in the Republic Day Tractor Rally violence that injured about 400 cops in New Delhi. What the government received was a Tweet from Hollywood pop star Rihanna on #farmerprotest: “Why aren’t we talking about this?” Soon, this became a synchronised tweet assault from other international influencers – with Indian celebrities and politicians joining in, taking their own ideological positions. Shouldn’t the government dismiss this tweet-burst as an innocuous thing? They didn’t. Minister of External Affairs Subrahmanyam Jaishankar’s office issued a statement: “Temptation of sensationalist social media hashtags and comments, especially when resorted to by celebrities and others, is neither accurate nor responsible.” Let’s accept that the Globalization of Protest is on the ascendency – while the other real trade Globalization is weakening. With the Big Tech providing megaphones to new Transnational entities and Influencers, the George Floyd protest riots in the U.S. became a massive global BLM campaign. And Turkey President RT Erdogan’s call for a boycott of French goods triggered massive anti-French rallies.
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LIC: The Much Awaited IPO
With the stock market booming and indices touching lifetime highs, the investor’s appetite seem to be growing even bigger. Many are keenly awaiting the IPO of the state-run Life Insurance Corporation Of India. Set up in 1956, the LIC is the jewel in the government’s crown. The state insurer has smartly competed with 23-odd private sector players to command a market share of 70.21%.  With assets over Rs 31.96 lakh crore, the LIC manages 28.92 million customers through a network of 12,08,826 agents and 144,498 employees. Such impressive numbers have made the government plan a mega IPO in 2021. The government hopes to raise around Rs 70,000-100,000 crore by diluting a 10% stake. Based on this figure, the valuation of the LIC works out to around Rs 13-15 lakh crore. Experts say that the IPO could attract a large number of retail and institutional investors. The IPO dates are not finalized neither has the Red Herring prospectus been filed with the SEBI. Reportedly, Edelweiss Financial Services and Deloitte have been appointed as pre-IPO advisors. Now, the Finance Minister Nirmala Sitharaman in her Budget Speech has indicated that LIC IPO could hit the market in FY21-22. The good news for LIC policyholders is that up to 10 per cent of IPO may be offered to them.

TRENDS & VIEWS

Editor’s Note: Short Post Is Here To Stay…

Time, they say, flies—and how true that is. Here we are celebrating our 5th Anniversary. Five years ago, when Covid-19 was wreaking havoc across the globe, I took a leap of faith and launched Short Post, India’s first website for Authentic Gossip. That was on January 31, 2021. I was convinced there was a clear gap in the market for gossip that was credible, sharp, and impactful—especially if told in just 250 words.

In this, I was fortunate. Scores of senior editors across diverse verticals bought into the idea and, in the process, gave wings to my dream. Quite honestly, Short Post could not have crossed these milestones without the unflinching support of its contributing editors. Like all start-ups, we have seen our share of ups and downs, but these editors have stood by us like a rock. I take this opportunity to doff my hat to them.

Thanks to their commitment, we have published close to 5,000 stories spanning politics, business, entertainment, and sports. I say this with pride: we made our mark as people who matter read us. “Small packs, big impact” truly captures the essence of Short Post.

We all know that Covid-19 has reset businesses worldwide, and the media sector is no exception. In the post-Covid era, investors have become more cautious and selective—and advertisers too. To compound matters, the entry of AI has disrupted the media landscape in equal measure. So far, we have managed to hold our ground, hopeful that some angel investors will take a shine to us.

What gives me confidence is this: AI cannot smell news—especially the gossipy kind. In other words, AI cannot churn out Short Post-type stories, no matter the prompt. That puts us in a safe zone. As someone rightly said, “AI is a co-pilot, not a pilot.”