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In the wake of escalating face-off between the Chennai-based Tractors and Farm Equipment (TAFE) and its American partner AGCO over the ownership rights of Massey Ferguson in India, a two-member bench of the Madras High Court has stepped in to direct the warring parties to “maintain status quo until the original applications are heard and disposed of by the learned single judge. “For avoidance of doubt, we hasten to add that the observations made herein are tentative and solely intended for the purpose of disposing of these appeals. We have not delved much into the various rival submissions. All rights and contentions are kept open,” the two-member bench said in its order on Monday. The relationship between TAFE, an Amalgamation group company, and AGCO Corporation of the U.S. hit a nasty bump in April last when the AGCO management terminated commercial agreements -– including the one on licensing the Massey Ferguson brand — with TAFE. The Chennai firm quickly got a stay on this from a commercial court. When AGCO subsequently confirmed the termination, TAFE filed a contempt petition in the Chennai commercial court. Separately, TAFE also moved the Madras High Court, asserting its ownership right to Massey Ferguson brand. TAFE had got a favourable interim order from the Madras High Court. TAFE had filed a civil suit before the Madras High Court against Massey Ferguson Corporation, a subsidiary of AGCO, claiming that the said trademarks are distinctive of TAFE in India and exclusively owned by it. It had sought the Madras High Court to declare that TAFE owns the Massey Ferguson brand/trademarks in India. With the HC bench asking both parties to maintain status quo, all eyes are on the upcoming proceeding before the single judge. It is “advantage TAFE” at the moment, however.
With only 12 days remaining for the BCCI Secretary Jay Shah to take charge as independent chairman of the International Cricket Council (ICC), clarity has not emerged as to who would perform the duties of the Secretary from December 1, 2024. First and foremost, election has not been called for the post, and this could be because the BCCI Constitution has adequate provisions for its Joint Secretary to perform the Secretary’s duties. The BCCI Constitution says: “The President shall, in the event of a vacancy or indisposition of an office bearer, delegate the functions to another office-bearer until the vacancy is duly filled up, or the indisposition ceases.” In this case the BCCI President Roger Binny has the right to assign duties to any other office-bearer. Shah who has been the Secretary from 2019 may be allowed a grace period to hand over the work to someone else. Next week is going to be hectic for the ICC to take a call on the format and venues of the ICC Champions Trophy 2025 (Feb-Mar) because the BCCI has conveyed to the ICC that India will not travel to Pakistan. The BCCI, nay Jay Shah, would like to see a finality to the Champions Trophy issue, in particular where India will play before he takes charge of the ICC. If the Champions Trophy has to take place, the Pakistan Cricket Board has to accept a hybrid model with one group (with India in it) playing league matches, most likely in Dubai and keeping the venue of the semi-finals and final, open. The PCB may not be in a position to lose the hosting rights and thereby with it a fee of around $ 70 million!
The ‘Satta Bazaar’ is betting down (dampened market sentiments) over Maha Vikas Aghadi (MVA) forming Maharashtra’s next government. A market player says, “Punters have never been wrong before. Dampened stock market spirits indicate the Mahayuti Alliance is unlikely to win notwithstanding sops galore unleashed by CM Eknath Shinde.” Differing with market pundits, BJP says, “Markets crashed after Foreign Portfolio Investors withdrew Rs 1.25 lakh crore in October (out of total Rs 71 lakh crore total stock investments in India) seeking better pastures after China announced stimulus. FPIs sold Rs 8700 crore stocks in April, Rs 25,600 crore in May then bought Rs 26,600 crore worth in June, Rs 32, 400 crore in July, Rs 7300 crore in August and Rs 57,700 crore in September before the big sell off in October. Already overleveraged NSE slumped, the subdued corporate sector quarterly results after much hype triggered a profit-booking mindset among investors.” Donald Trump’s ascendancy as the next U.S. president (previous tenure witnessed negative bias towards precious metals) bodes badly setting price corrections of gold and silver even as the U.S. dollar firms up, adding to Indian stock market woes. The BJP leader adds, “Maharashtra contributes around 14% to India’s GDP but even when MVA ruled for 2.5 years Modi-nomics ensured high buoyancy on Indian bourses despite stalling of bullet train project, Rs 14,000 crore cost escalation of Metro project.” The market punter, however, cites India’s financial capital Mumbai in Maharashtra that ensures most Indian business gravitates around the state while explaining the gloomy market mood over MVA’s likely win. November 23 will reveal the truth when the political bets are finally called out.
In a massive setback to AAP, Delhi’s transport minister and Jat leader Kailash Gahlot resigned from the party, citing “grave challenges” and “awkward” controversies in a letter to AAP convener Arvind Kejriwal months ahead of Delhi Assembly polls. He has joined the BJP. Gahlot’s exit is well timed in the sense that it comes days before Maharashtra goes to polls. AAP, an INDIA Bloc partner that has no stake in the state polls. But it must be said Gahlot’s exit was something that was in the works for some time now. It is believed that the seeds of discord between Gahlot and the AAP leadership were sown on August 15 over unfurling the national flag during the Delhi Govt’s I-Day celebrations. Delhi CM Arvind Kejriwal, who was in jail on charges linked to the alleged liquor policy scam, had wanted Education Minister Atishi to unfurl the flag. Delhi Lieutenant Governor VK Saxena however felt Gahlot was more suitable for the job as he held the Home Department. Meanwhile, Kejriwal indicated that Gahlot had quit as he was under pressure from the ED and IT. In his resignation letter, Gahlot pointed to how “Political ambitions have overtaken our commitment towards people, leaving many promises unfulfilled”. In an apparent swipe at Kejriwal, he referred to “many embarrassing and awkward controversies like the “Sheeshmahal” — a term used by the BJP to refer to the CM’s residence renovated during Kejriwal’s term costing the exchequer Rs 45 crore.
A major controversy has erupted in Tollywood as over 233 directors from films, TV and independent media have filed a defamation suit against Swarup Biswas, president of the Federation of Cine Technicians and Workers of Eastern India. The Rs 23-crore lawsuit follows Biswas’s contentious remarks alleging rampant sexual harassment in the film industry, with 60% of complaints purportedly against directors and producer-directors. The hearing will take place on January 10. Swarup, the younger brother of Aroop Biswas, Bengal’s Power and Housing Minister and a close aide of chief minister Mamata Banerjee, finds himself at the centre of an unprecedented protest by Tollywood’s creative community. This is, perhaps, the first time that Tollywood has publicly challenged the Federation. Directors and producers have also criticized what they call “red-tapism” and “arbitrary demands” imposed by the Federation, including its control over unit sizes, pay scales, working hours, and technician selection. At the Eastern India Motion Picture Association’s (EIMPA) recent AGM, Swarup Biswas proposed that producers deposit Rs 5 lakh each as security to ensure timely technician payments, citing Rs 50 lakh in pending dues. Producers have outright rejected the demand, questioning the Federation’s accountability and EIMPA’s silence on the matter. Veteran actor-director Aparna Sen has publicly questioned Swarup Biswas’s credentials, asking for proof of his contributions to the industry. Biswas holds an assistant director’s card, which is reportedly issued only to those involved in at least two films. Actor-politician Roopa Ganguly also criticized the Federation, accusing it of politicizing the industry and questioning why filmmakers often seek the CM’s intervention during crises.
If rising onion prices decided the election outcome in many states some decades ago, falling soybean prices could impact the outcome in around 70 assembly constituencies in Maharashtra. Hence, Prime Minister Narendra Modi as well as Congress president Mallikarjun Kharge, representing two ends of the political spectrum, are found promising farmers of much higher rates, but only after they are elected on 20 November. The sensitive constituencies are spread in Marathwada and Vidarbha regions, where cotton and soybean are the main cash crops. The current market rate of Rs 4000 per quintal is unacceptable to the growers though they have no choice but to sell the produce as it can’t be stored for long. The MSP is Rs 4800 but not enough stocks are lifted by the machinery. The ruling saffron alliance has been promising better tariffs. The government hiked the soybean import duty in a bid to jack up the prices but the hike was of only around Rs 400, still leaving a gap of the same amount. Sensing the distress and the government’s inability to make any major announcement, Congress leader Rahul Gandhi has promised Rs 6000 per quintal of the legume. To go a step further, Congress president Mallikarjun Kharge has pledged to pay Rs 7000. Shiv Sena leader Uddhav Thackeray has also joined the chorus. The two regions had by and large supported the opposition Maha Vikas Aghadi during the Lok Sabha election. Hence, Mahayuti leaders are wary of saying anything that can dampen their prospects.
Are the re-runs slowly becoming a revenue model both for producers and exhibitors who have been grappling to bring back the audiences to cinema halls? Diwali turned out to be decent but then again we are gone back to re-release of films. Shah Rukh Khan’s Veer Zara re-release has been appreciated. Rakesh Roshan plans a re-release of Karan Arjun with a huge number of screens after 30 years of its release. This again has Shah Rukh Khan and Salman Khan coming together for the first time on screen. SRK’s Kal Ho Naa Ho and Pardes too are re-releasing in cinemas. Those in the trade feel that re-release of Tumbbad, Rehna Hai Tere Dil Mein and Laila Majnu have given courage to producers to cash on re-runs. The re-runs have stirred both excitement and curiosity. Traditionally, re-releases were reserved for timeless classics, but now more recent films are being revived, prompting questions: Is this trend purely nostalgic, or is there a deeper strategy at play? According to Trade Analyst Saurabh Varma, the re-release phenomenon is benefiting the cinema industry in multiple ways. For producers, re-releasing films is a cost-effective option. The marketing and distribution expenses are far lower than for new releases. Re-releases tap into the large fan bases of iconic films, giving long-time fans a chance to relive their favourite stories on the big screen. Furthermore, these revivals provide a unique opportunity for younger viewers who may have missed these films during their initial release. The combination of nostalgia and iconic music resonates deeply with audiences.
It’s a drivetrain solution provider for windmills and industry applications. Every one out of three drive train products installed across the globe bears the brand name of this one. Truly, this German major has traversed quite a long way and undergone a major metamorphosis in the process. One-and-a-quarter-century-old Bocholt-headquartered Flender has significant presence in India. Not surprisingly, the top management team of Flender was in Chennai a few days ago. The presence of the top honchos was more to reiterate the commitment of Flender to India. After all, it has been in India since 1961. It now has three production sites — one each at Kharagpur (WB), Chennai (TN) and Walajabad (TN). Around 10% of its nearly 9,000 skilled personnel across the globe are housed in India. And, it has been putting more money into this country since 2020. Why not? For one, India is the right choice for all those who are looking for the China Plus One option in the post-Covid era. For another, the focus world-over is now increasingly on sustainable development. The robust ecosystem — the presence of assorted turbine makers and a well-evolved supply chain — according to its India CEO Vinod Shetty, is ideal suited for Flender to aspire for a bigger role in driving energy transition in the country. Indeed, Flender is quietly expanding its India operations for a bigger role in its global game plan.
Tamil film producers and their financial backers are now rethinking this model — big money, big stars, big projects but no guarantee that it will reap profits. So the new strategy…safe and secure than spend thrift and sorry. Can small budget films do big business? A resounding yes to three of 2024s baby budget films that warmed the cockles of producers’ hearts. Three films of this year, Lover, Lubber Pandhu and Vaazhai have pulled in amazing profits and massive margins. Lover’s budget was a mere Rs 5 crore, and plus other expenses added the total cost to Rs 6 crore. Hold your breath! It made a profit of Rs 13 crore. But Lubber Pandhu (Rubber Ball), a title that would have gone unnoticed, made the biggest rake in for Prince Pictures who earned Rs 35 crore in TN gross alone — 300% profit. Vaazhai was no sneeze over either…it brought Rs 12 crore profits in TN. Film making costs and exhibition/promo expenses can zoom up dangerously, and after paying the incredible star salaries, if the film’s overflow is modest, stakeholders have no insurance cover to fall back on. Small is big is fast becoming the new open sesame for Kollywood to stay safe.
Veteran leader Sharad Pawar finds commonality between Vote Jihad and a particular section of the people voting for the BJP. Explaining his stand, the NCP founder said it was seen in Pune that the BJP was consistently supported by a certain segment (read Brahmin) in some areas. We expect this to happen though don’t call it Vote Jihad, he remarked. According to Pawar, if such voting patterns happen, it is the right of every community to vote as per its choice. He again charged that deputy chief minister Devendra Fadnavis had raised the issue of Vote Jihad. Pawar’s jab was directed at those specific areas of Pune where Brahmin population is dominant and mostly BJP candidates are elected from such localities. Time and again, Pawar has been accused of creating the bogey of caste with an eye on electoral gains by engineering a rift between sections of the electorate. In support of his contention, Pawar said slogans like ‘batenge toh katenge also fall in the same category as they have a communal shade. He alleged that the issue has been cropped up by the ruling dispensation as it is desperate at the bleak prospect in the assembly election, after the Lok Sabha rout. Fadanvis had condemned the Vote Jihad philosophy after cleric Sajjan Nomani released a list of the Maha Vikas Aghadi candidates and asked the Muslims to vote for them.
The surprising exit of two known BJP faces Prakash Javadekar and Ravi Shankar Prasad from the Union Cabinet was not just based on performance criteria but other factors like their caste, mass base and utility within the party. “What is the political capital they bring to the table,” asks a political analyst. As I&B Minister Javadekar was pursuing RSS agenda and Modi government’s slew of initiatives. But his handling of various issues seems to have made him the object of ridicule, especially among the Delhi media. Besides, it was felt that the move will not evoke any backlash from Maharashtrian Brahmin community — to which Javadekar belongs. Whereas in Narayan Rane, the party saw a Maratha who could counter Shiv Sena and consolidate the party’s base in Konkan region ahead of the forthcoming Assembly polls. As for Ravi Shankar Prasad, whose electability transcends his being a kayastha from Patna, and who strongly put the government’s case against the dominant global Big Media, especially Twitter, the speculation continues. A large section of media and also some insiders say his arrogance, and style of working created a lot of anti-sentiments against India. In a few weeks, there is a meeting with the U.S. President Joe Biden, who is a tough negotiator and the Indian government does not want to lose its bargaining position, holds a corporate lobbyist. Besides, as a law minister Prasad failed to take initiative in filling a large number of posts of judges. According to some observers, he created a rift with the judiciary that was a negative factor against him. Insiders say both Javadekar and Prasad are expected to be rehabilitated by giving them organisational responsibilities in the run up to the assembly elections to the five assemblies.
At the boardroom or playground, the captain’s writ runs large. So, it is no different in the political arena. Nobody respects or admires an indecisive leader. A case in point is the former Prime Minister Dr Manmohan Singh. Prime Minister Narendra Modi is different. He seems to have taken a leaf out of the U.S. President Harry S Truman’s frequently used phrase “the buck stops here.” To ensure that he is always on the top of the situation, everything is routed through the Prime Minister’s Office. So what’s wrong? But, this prime ministerial centric government seems to be getting everybody’s goat. Why? During UPA I and II everything was routed via Sonia Gandhi’s office. Then everything was centralised with one family; the so called ‘concerned citizens’ did not have any objections. In the corporate world, the shareholders hold Mark Zuckerberg, Mukesh Ambani or Warren Buffett accountable. The buck stops with the CEO. Accountability and responsibility are two sides of the same coin. Are opposition or some of the BJP leaders unhappy with the centralisation of power because they are not able to game the system? Modi seems unperturbed with this surround sound and his latest cabinet reshuffle clearly points out that he means business. For now, this powerful well-oiled coterie, basically Modi haters, have to twiddle their thumbs because their social media efforts to denigrate him has come to nought.
At the boardroom or playground, the captain’s writ runs large. So, it is no different in the political arena. Nobody respects or admires an indecisive leader. A case in point is the former Prime Minister Dr Manmohan Singh. Prime Minister Narendra Modi is different. He seems to have taken a leaf out of the U.S. President Harry S Truman’s frequently used phrase “the buck stops here.” To ensure that he is always on the top of the situation, everything is routed through the Prime Minister’s Office. So what’s wrong? But, this prime ministerial centric government seems to be getting everybody’s goat. Why? During UPA I and II everything was routed via Sonia Gandhi’s office. Then everything was centralised with one family; the so called ‘concerned citizens’ did not have any objections. In the corporate world, the shareholders hold Mark Zuckerberg, Mukesh Ambani or Warren Buffett accountable. The buck stops with the CEO. Accountability and responsibility are two sides of the same coin. Are opposition or some of the BJP leaders unhappy with the centralisation of power because they are not able to game the system? Modi seems unperturbed with this surround sound and his latest cabinet reshuffle clearly points out that he means business. The report cards of the ministries and ministers were the deciding factor. Twelve ministers who did not score passing marks were dropped while seven who came out with flying colours were promoted. Besides, 36 new faces or future leaders were inducted. For now, this powerful well-oiled coterie, basically Modi haters, comprising journalists, politicians, bureaucrats, academicians, historians, actors and authors have to twiddle their thumbs because their social media efforts to denigrate him has come to nought. But, they are no quitters. To keep the ember burning they are now heavily tweeting and retweeting about grammatically incorrect language of the new health minister. Still living the Raj days!
Dilip Kumar was not just a legendary actor but was also a writer and producer who made the blockbuster movie Ganga Jamuna in 1961 and played the title role of Ganga in that film. The heroine was Vyayanthimala. It was a tale of two brothers one — an uneducated, simple human being who is forced by the circumstances to take the law in his own hands and the other Jamuna who is educated, urbanized and who tilts on the side of the law of the land. The movie Ganga Jamuna was inspiration for the famous duo Salim-Javed while scripting for Deewar. So too it was for Amitabh Bachchan. Well, when Ganga Jamuna was to be released it went to the Censor Board for clearance. They recommended a cut of the scene where Ganga is shot and utters Hey Ram! When asked why should it be cut? The Sarkari Babu said it was Gandhi who uttered Hey Ram…so how can you utter the same words? Dilip Kumar was shocked by his logic and said every Hindu when he dies might utter Hey Ram! Come to think of it one must admire the creative guys from Bollywood who have had to put up with idiosyncrasies of babus and politicians for decades now.
A deliriously joyful England, if not quite all of the United Kingdom, is preparing for its greatest night out on Sunday after its football team made it to the Euro final. They are talking of a knighthood for manager Gareth Southgate and he could be called “Sir” even if England can’t get past the Italian wall. Harry Kane, who scored the winning goal against Denmark off a penalty kick rebound, and Raheem Sterling, to whose talent Southgate stayed loyal enough to keep him in the starting lineup, are quite the flavour of the season. Even so, it was a questionable penalty award, which stayed despite a second look on VAR after Sterling seemed to go down too readily in the Danish penalty box that made the difference. England is accustomed to celebrating beyond questionable refereeing decision, including most of all the disputed goal in the 1966 World Cup final when no one is till today sure if the ball actually passed into the net beyond the goal line. The penalty against Denmark was spoiled by one spectator in the stands shining a laser pen at the face of Danish goal keeper Kasper Schmeichel. As a home final at Wembley nears voices are rising against football jingoism, unleashed at full throttle after months of tight lockdown rules, as booing of the Italian national anthem is feared.
Relocating the ICC Men’s T20 World Cup to the petro-dollar venues in the UAE and Oman from October 17 to November 14, has come as a blow to the BCCI members who were bullish on hosting money-spinning matches. The host associations receive good money per match; for example the Vidarbha Cricket Association received Rs 14 crore for hosting the ICC World Cup in 2011 and Rs 12 crore for hosting the Women’s World Twenty20 in 2016. The BCCI had shortlisted Chennai, Bengaluru, Hyderabad, Delhi, Dharamshala, Lucknow, Kolkata Ahmedabad and Mumbai for one of ICC’s signature events in October-November. There were reports that the BCCI would eventually whittle down the venues to three, all in West Zone, but with the threat of the third wave of the COVID-19 looming, the BCCI shifted the event to the offshore venues. The Mumbai Cricket Association which received Rs10 crore for hosting 10 IPL-14 matches, Pune and Ahmedabad would have probably lost considerable money for not getting the opportunity to host the World T20 matches, but the former BCCI Secretary, and long-time Secretary of Saurashra Cricket Association, Niranjan Shah said that the BCCI has been up to date releasing “on account” money till the 2020 fiscal. “We do not know about the bifurcation (IPL and BCCI media rights share),” said Shah. The BCCI has disbursed Rs 50 crore, for two fiscals, to majority of its members.
L Murugan, 44-year old BJP’s points man in Tamil Nadu was the butt of many a joke when he took over as state BJP president. YouTube shows nicknamed him “L Board” Murugan. When he scripted the Vetri Vel Yathra and took off with an ersatz Vel like Lord Murugan, the chortling was loud enough to make waves of mirth. Such teasing and tongue-in-cheek reactions would have shaken a lesser man. Not L Murugan. Before coming to TN, he was Vice Chairman of the Minority Commission for Scheduled Castes, with a 15 year lawyers’ stint in the High Court. Sent to TN to add sinew to a weak BJP presence, the Dravidian parties could not have anticipated that he could come up with his own formula for “boost as the secret of my energy.” Murugan succeeded in inducting a few high profile wannabes, including Khushboo to BJP. He himself did not win the Assembly seat. But Destiny cannot be denied…. if not a quick gun, Murugan is a pole vaulter. He has bagged a coveted ministry, I&B, with Fisheries & Animal Husbandry, Dairy. Soon, Murugan will have to take on the latest controversy about the changes to the Cinematrography Act, a fiery issue bound to test this legal eagle and his canny brand building. Never judge a book by its cover.
Covid-19 has indeed re-jigged the world of business. And, it has realigned relationships as well in several instances. For some, this has turned out to be a new opportunity. One of the big things that happened last year at India’s largest auto component manufacturer Wheels India was the exit of Titan Europe by selling its stake to TVS group. With its exit, Wheels India, part of the TVS Group, can now sell all its products anywhere it wants. When Titan was around, the Chennai-based company had restrictions on where it could do business. A quarter of its turnover comes from exports. Having got out of the Titan bandwagon, Wheels India, led by managing director Srivats Ram, is now feeling free and is very much keen to explore its new found-freedom internationally. It is now eyeing a bigger pie in the global space. And, it has quietly moved toward realising this. A Rs 140-crore cast aluminium wheel plant is, in fact, the result of the de-risking strategy of a U.S. customer who has already committed off-take. A windmill project is currently underway. This too is the consequence of a strategic partnership with a windmill supplier who has decided to build a global base for his product in Chennai. A good portion of its Rs 100-crore capital expenditure will go into this new wind mill plant.
For reasons known to a few, the Grand Old Party has not been able to declare date for the election of the new president. This dithering poses twin challenges: keeping its flock together in various states and avoiding internal bickering among senior leaders. This indifference has already led to diehard Congressmen quitting: Jitendra Prasad, followed by Pranab Mukerjee’s son Abhijit Mukherjee. But so far nobody has been able to persuade Rahul Gandhi to reverse his stand and once again assume the post and responsibility of Congress party president. The insiders rue his approach, saying instead of putting his house in order Rahul is taking potshots at the BJP government from time to time, on wrong advice given by people close to him. “They have lost all elections in recent times, yet there is no introspection or post mortem. In the corporate world the CEO would have been sacked,” says a political analyst. Lack of decisions at the high command level has made the leaders, and rank and file restless. Witness this: In all Congress ruled states of Maharashtra, Rajasthan and Punjab, the rift among senior leaders is out in the open; and so too in Karnataka where the party is in the opposition. For BJP and other regional parties, a rudderless Congress is good news.
TRENDS & VIEWS
Editor’s Note: Big Punch In Small Pack
It is the Third Anniversary of Short Post and as a news media startup launched during the Covid-19 pandemic it certainly feels better than good to find ourselves where we are today. Here, I must cite the unstinted support of our seasoned contributors, all senior editors in the country, who brought a great degree of maturity and sagacity to the Short Post newsroom. But for them, our tagline “Authentic Gossip”, an Oxymoron, would not have matured viably. Our user numbers may be small but our stories have created the desired impact among people who matter — decision makers and influencers. We offer a big punch in a small pack and Short Post with its 225-word stories has been punching above its weight category. Having posted close to 3,000 stories in the last 36 months, Short Post, I feel, is an idea whose time has come.
And this is vindicated by our two marquee advertisers – IDFC FIRST Bank and ICICI Lombard. Both believed in our story and have supported us from Day one. A big thank you to both.
If you look at the media landscape – print, TV and digital — it is a mixed bag. There are job losses as some outfits have closed down while a lucky few were bailed out by large corporate houses. Yes, there is a lot of action in the digital space. However, the entry of corporate houses has raised the question of independence of news media outfits. Sadly, there are just a handful of independent media outfits in the country that are highly respected for their neutrality. At Short Post, our credo is not to take sides, prejudge issues or be biased but, informing readers of behind-the-scenes happenings. In essence, Short Post strives to be a neutral editorial platform — neither anti-establishment nor pro-establishment.
As I said last year, disruptions in the media world are moving at a fast and furious pace. Technology is playing a very big role in how content is generated and consumed. But, we are neither alarmed nor perturbed as it is all a part of the evolution process. What gives us comfort is that AI is unable to create original gossipy content. And that is the news arena where we have achieved a distinction.