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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 five-year term of the 14th President of India Ram Nath Kovind ends on July 24, 2022. So, who will be the next President? Intense speculation was around Maratha strongman and NCP supremo Sharad Pawar considering his several rounds of meetings with Prime Minister Narendra Modi and Home Minister Amit Shah. But, Pawar stumped everybody by formally announcing that he will neither contest 2022 Presidential elections nor be the PM face in 2024 Lok Sabha polls. Now, the other name that is doing the rounds is that of Bihar Chief Minister Nitish Kumar. It is seen as a quid pro quo arrangement. Once Nitish Kumar moves to Delhi, then the next Chief Minister will be from the BJP, some suggest. In Maharashtra, BJP is running with the hare and hunting with the hounds to regain control. It is reliably learnt that BJP has been talking to both Shiv Sena and NCP. Apparently, Sena is asking for the moon – three Cabinet ministers and Deputy CM’s post. As of now the BJP top leadership is not willing to relent to Sena’s demand. But, the party’s big objective is to regain control of States where they have lost out before the next General Election in 2024.
It is the mystery of the century. The disappearance of Netaji Subhash Chandra Bose and death of Lal Bahadur Shastri. Reams and reams have been written on the subject but still there is no finality. The latest book His Holiness The Fourteenth Dalai Lama: An Illustrated Biography written by Dalai Lama’s trusted companion and aide for over four decades, Tenzin Geyche Tethong, touches on a subject that Indians have been seeking an answer – death of Shastri. The book throws light on Shastri’s equation with the Dalai Lama. According to RSS mouthpiece Organiser, which has exclusive access to this chapter in its latest edition, writes: “On an early day of January 1966, the Dalai Lama received a message from WD Shakabpa, his representative in New Delhi, which carried the news which he has been longing to hear since the day he had entered India in 1959 after his 17-day long daring escape from the guns of Chinese Army in Tibet. Shakabpa informed the Dalai Lama that “the Indian government was prepared to recognize the Tibetan government in exile and that he would receive a definite answer once the Prime Minister (Lal Bahadur Shastri) returned from Tashkent.” Unfortunately, Shastri, according to reports, died of a heart attack in Tashkent. But, this biography published by Roli Books, will once again stir debate about Shastri’s death and the hand behind it.
For Kerala-based Kitex Garments chairman & managing director Sabu M Jacob, moving to Telangana was an easy decision. “If I invest Rs 1,000 crore in Telangana, over the next 10 years, the government there will pay me back almost a similar amount via capital subsidies, payback incentives etc. But if I invest Rs 1,000 crore in Kerala, I need to shell out another 100 crore to deal with ‘other expenses’ here,” Sabu said. Kitex is investing in an apparel park at the Kakatiya Mega Textile Park in Telangana’s Warangal district. He has also made it clear that the existing facility that gives employment to over 15,000 people will continue to operate in Kerala. Just that the expansion plans will be moved out of state for operational reasons. Sabu says this decision to relocate expansion plans to another state is purely a financial decision and nothing to do with politics. This comes after media speculation that the ruling Communist Party of Kerala thought it was high time to clip his wings after Sabu’s political entry via his CSR arm 20:20 started making an influence in the electorate. The 29-year-old company, part of the Anna-Kitex group, is the largest private sector employer in Kerala. Being an employment generator saw many States willing to roll out the red carpet to the company.
UK’s new cricket competition – The Hundred – kicks off July 21, seeking diversity among its audience. It aims specially at the inclusion of Asian Brits who are not so much into the county game, which is mostly white, in fact 94%. Eight teams based on city lines for tribal loyalties as in the IPL, a draft system and a focus on overseas players as Afghans, Pakistanis, Nepalis and five Indian women cricketers swing into action. England and Wales Cricket Board’s 100-ball competition borrows heavily from IPL thanks to PIO Sanjay Patel who is its MD. English cricket is looking seriously at attracting more South Asians not only as spectators but also players. Take the case of Moeen Ali, who had to move to Worcestershire from Warwickshire to take off on his career. He grew up on tape ball cricket near Edgbaston before becoming a sought after T20 player currently with Chennai Super Kings. The Hundred is hoping to bridge the gap between English cricket and Asian spectators, mostly from the subcontinent. No Indian men are allowed to participate yet by the BCCI but that could change when there is less international cricket during the summer for India. Tactically, it is only a little different from T20 but a bowler can be kept on for ten balls at a time rather than stop with five balls.
Popular Tamil star Suriya’s Soorarai Pottru boldly released on Amazon Prime in November 2020 brought him and his home production house, a number of accolades. While most were left trying to understand the esoteric Tamil title (Hail The Brave), the film’s treatment of the subject Simply Fly and its impact on the audience was terrific. Suriya played the role of Capt GR Gopinath, who introduced the concept of low-cost flying experience to the not so well-heeled, his struggles for raising the money, get the needed approvals to get Air Deccan on flight mode. Suriya struggled just as much with his ambitious movie which Sudha Kongara Prasad directed so brilliantly. Apart from Paresh Rawal and Urvashi, the other actors were not so well known. Suriya has just announced a pan Indian Hindi version, with Kongara to direct this intense subject that has transited to cinema with telling impact. So far, the cast and other components have not been finalised. May be he wants to keep it a suspense and reveal all once the project is buttoned up. Sudha Kongara had a fully ready script before shooting started for the Tamil version. The Hindi version of Simply Fly, Capt Gopinath’s dream airline will take off before long with Suriya’s determination and passion for perfection. Any takers for a campaign to guess the cast from Bollywood?
Under fire from the international community for allegedly creating the pandemic, bruising the global economy, bringing the fun-filled and joyful lives of the world to a standstill, China will send a record 431 vaccinated athletes (for an overseas multi-event games comprising 298 women, 133 men) for the Summer Olympics celebrations in Tokyo in its 125th year. In all, the dragon country will send a jumbo delegation of 777 athletes and officials. The quadrennial showpiece event founded by the Frenchman Pierre de Coubertin, known as the father of the modern Olympic Games, has acquired the moniker “COVID Games” because of the contagious nature of the virus that has caused millions of deaths, postponed the games by a year, and forced top-notch sportspersons to drop out. Japan (population: 13 crore) has already spent around $16 billion to keep the Olympics going ahead, in spite of a stout local opposition. A little over three hours flight from Beijing to Tokyo, that cost upwards of $ 1730 (Rs 1.3 lakh), China had the financial muscle to fill the 42 venues with cheering crowds, and look to grab much of the 339 glittering gold medals across 33 events. But Tokyo has made the 18-day event a TV-screen games. China’s youngest participant in Tokyo will be 14, and the oldest, 52.
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.