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SEBI Finalising Guidelines To Allow Private Equity To Invest In Mutual Funds
SEBI is said to be finalizing revised guidelines to pave the entry of private equity firms in the AMC business. Currently there are two to three mutual funds which are reportedly looking to get out at a decent price. L&T Mutual Fund is one of them. The 12th largest fund by the AUM size, L&T Mutual Fund manages Rs 58,000 crore worth of assets. IDFC Mutual Fund is another fund which is being eyed by the entrants wanting to get into the mutual fund space. They reckon with ESG schemes picking up, investors will be keen to look at avenues to park funds in these schemes. One of the potential private equity companies looking keenly at getting into the Indian mutual industry is Blackstone. It is believed that once regulators permit, they will be moving quickly to take a stake in the AMC of L&T and IDFC.
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Rumour Mills Abuzz As Salman Khan Opts Out Of Bollywood Remake Of Tamil Hit Master
Tamil film Master with Vijay as a hero and Vijay Sethupathi as the villain directed by Lokesh Kanakaraj turned out to be the 2021 blockbuster despite the lockdown. A very restricted cinema release and the earliest to mount the OTT platform (Amazon Prime), Master grossed, according to industry sources, Rs 300 crore with its fast and furious story and screenplay that Kanakaraj penned. A tad lengthy, critics wished it could have been trimmed to match Vijay’s fit persona! This South Indian director is no flash in the pan, as his earlier movie Managaram (now shaping up in Hindi as Mumbaikar) and Kaithee’s success proved.  Salman Khan was approached for the Hindi remake of Master. Even as the pre-production details were sewn up, Salman Khan opted out.  Apparently, Salman Khan was not quite happy with the story and screenplay, and suggested some changes. But, director Kanakaraj, sources say, did not agree to be involved with the project after those changes. He has taken up another assignment to direct a film featuring Vijay, Kamal Haasan and Fahadh Faasil.  The producer who has the Hindi remake rights will have to wait for now. Post the release of Master, it is rumoured, Vijay’s earnings have skyrocketed to the Rs 120 crore fee bracket. Opportunity and luck do not knock often at the doors of supplicants.
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Cheteshwar Pujara: The Fulcrum Around Which Kohli, Rahane Have Flourished
The fault finding chatter about the snail-pace run-scoring of Cheteshwar Pujara has not stopped even after his bulwark-like 206-ball 45 in the second innings of the Lord’s Test that India won following unbelievable team heroics. The thickset looking one-drop in 132 innings so far of his 88 Test matches, has come under flak for his barn door defence at the crease ever since India’s campaign in the Border-Gavaskar Trophy that the Ajinkya Rahane-led team transformed itself from a down-and-out side in Adelaide into a gargantuan at the Gabba. The fact though is that right from the legendary opening batsman Sunil Gavaskar to the captain Kohli, vice-captain Rahane and the batsman in form KL Rahul have backed Pujara to the hilt. For long Pujara has been the fulcrum around whom Kohli has accumulated runs and has given substance to the third wicket stand (2,567 runs in 46 matches/56 innings). Rahane under the cosh has joined forces with Kohli, and amassed 2,933 runs in 38 matches/ 46 innings for the fourth wicket. Pujara and Rahane have made 1135 runs for the fourth wicket for a healthy average of 45.40. The numbers speak a lot, and the negative noise following the 100 run undertaking by the ‘targeted’ Pujara and Rahane at Lord’s, may have temporarily ceased. The Pujara-Kohli-Rahane combine has delivered aplenty for Indian cricket, including some splendid wins.
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Siraj’s Deadly Yorkers Unnerve England’s Batsmen
The son of an auto-rickshaw driver did not get his name on to the honours board at Lord’s but he led his fellow quicks to make that famous victory possible with eight wickets in the Test. Mohammed Siraj’s intensity has undone England’s Test batsmen as much as Jasprit Bumrah’s pace. His steep angles into the right handers, but more importantly away from the left handers have had a consistently unsettling effect as they are not able to pick him. Siraj, a champion bowler in tennis ball street cricket around Hyderabad, started bowling with a hard ball only after he was 20 when in 2015 he joined Charminar Cricket Club. And when the IPL bidding stopped at Rs 2.6 crores from Sunrisers, Siraj’s first instinct was to tell his father to stop driving his 3-wheeler for a living. Siraj will be one of the charged-up skipper Virat Kohli’s main weapons as Team India goes into the Headingley Test convinced that they are the better side and must press on to win the 5-Test series. A fuller length that suits English conditions best, a deadly yorker developed from bowling the tennis ball, stamina and persistence are Siraj’s plus points. As the 5-day format gives him time to work on the batsmen, his only regret is that his dad passed on before his Test debut.

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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.”