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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.
Tata Sons’ bid for debt-laden national carrier Air India has much to do with its legacy, mostly linked to the group’s patriarch JRD Tata, than just being a business decision. But why did Tatas turn a Nelsons’ eye to Jet Airways, another beleaguered carrier which got all approvals overnight by the Civil Aviation to start operations from January 2022? That’s one topic on which many articles and books have been written on over the years. Even the movie Udaan (Soorarai Pottru in Tamil) had a passing reference. The story goes, in 1997, the then civil aviation minister CM Ibrahim scuttled Tata group’s plan to start an airline jointly with Singapore Airlines (SIA). This was allegedly to support Naresh Goyal’s Jet Airways. The blocking of its application by the minister surprised Ratan Tata as he was about to close the deal with SIA. Perhaps, that bitter experience may have kept the Tatas from bidding for Jet Airways, insiders say. The group already holds stakes in two carriers – 83.67% in AirAsia India and 51% in Tata SIA Airlines (operating as Vistara) – and the acquisition of Air India will help the group to dominate the skies. The group pioneered India’s aviation with Tata Air Service in 1932 which became Air India in 1953 after it was nationalised. If Tatas win Air India then the wheel would have come full circle.
Ever since DMK galloped to power in Tamil Nadu, some of its policy decisions have shocked and shaken many established institutions. Let’s just take one such incendiary issue. The recent decision of the Hindu Religious and Charitable Endowments Ministry (HR & CE) headed by DMK MLA PK Sekhar Babu has stirred a hornet’s nest over reclamation of temple lands from “encroachments”. When the minister announced that Kishkinta Amusement Park, one of the most popular mass attractions theme park and water world is built on 130-acre of temple land belonging to Pappachathiram Kasi Viswanathan temple, he might as well have bunged a Molotov cocktail at the park. This park conceived and promoted by producer-director MC Punnose (aka as Navodaya Appachan) in 1995, gained huge popularity for tourists across TN, and adjacent states. Sekhar Babu claims that his government is focussed on reclaiming all such properties built on temple lands. And till date, he says, they have already reclaimed Rs 900 crore worth of such temple real estate. The popular, 100-year old Mylapore Club has also been impacted as the HR & CE Ministry says it stands on Kapaleeswarar Temple land. Babu’s action has raised a fundamental question as to why only Hindu religious places and their properties are being singled-out. Is there any hidden commercial/ real estate agenda behind this reclamation move? Only time, many PILs hold the answers.
Virat Kohli has set himself one goal and that is to become the world’s No. 1 batsman in all formats. He has another long-term aim and that is to crack Sachin Tendulkar’s world record of 100 international centuries, but he has to make another 30 centuries just to catch up with the Master. Towards meeting his goals, he has taken decisions like quitting T20 captaincy. The crown is not sitting squarely on his head and the intense focus on the Indian cricket captain hasn’t helped though it must be said the debate is running at a time of grand success for Team India in Australia and then in England. The loss in the WCT final was the only sore point, which also led to personality clashes within the team. As Test captain since 2015 and ODI skipper since 2017, Kohli averages 56.1 in Tests, 72.7 in ODIs and 48.5 in T20s. But the hundreds have dried up, his last coming in November 2019 since when he has been averaging just 26.8 in Tests and 46.7 in ODIs. He would love to let his bat do the talking again. Since most of the cricket will be on pitches more amenable to his style of batting, Kohli will be among the runs again and the noises around captaincy may just stop.
Salman Khan’s popularity on the small screen continues to soar with every passing year. Reportedly, the actor will be paid around Rs 350 crore for the new season of Bigg Boss 15 that premieres on October 1 and will run for 14 weeks. Well, eyebrows were raised over this number but Bollywood analysts say that Salman Khan who has over 42 million Twitter followers, plus other social media assets, knows how to connect with his audiences via movies, small screen and social media. And his valuation is based on those plus the intangibles he brings to the table. Well, it is the small screen that has played a big role in making him hugely popular with the masses. That was probably the reason the actor took the risk of releasing Radhe although the theatres shut just before the release of his film. The actor kept his promise he made to his loyal fans and released the film on OTT and later in cinema halls. The actor is back on set completing the third instalment of his film Tiger which is one of the most successful franchises and Salman is surely looking forward to a huge hit at the box office. But for now, the audience wants the actor returning on Bigg Boss 15 with Rekha playing a proxy for Bigg Boss voice.
After its failure in pulling down the Shiv Sena-led Maha Vikas Aghadi (MVA) government, the BJP has decided to rejig its strategy by stepping up attacks against the government and portray it as corrupt and inactive. The decision to adopt this strategy was taken after the state unit was given go ahead by the central leadership. Apart from exposing the alleged scams and corruption involving ministers, it is learnt, the BJP – led by leaders like Kirit Somaiya – will target Shiv Sena and the party controlled BrihanMumbai Municipal Corporation (BMC) ahead of upcoming elections slated for 2022. The agenda is quite clear: to tarnish MVA’s image and create a perception that the incumbent government is not interested in the State’s progress but only keen on minting money – and in the process, neglecting people. Political observers hold that Shiv Sena, NCP and Congress seem to be lacking a comprehensive strategy and proper coordination to counter BJP’s charges. Despite almost two years in power, the MVA partners were unable to expose alleged scams and corruption involving the BJP ministers during 2014-19. Ahead of the BMC elections, it will be a free for all as both the sides are expected to ramp up their efforts to attack each other to meet their political goals. In this tug-of-war, it is the poor citizens who will continue to be neglected.
Bollywood badshah Shah Rukh Khan was not spotted at the Sheikh Zayed Stadium in Abu Dhabi on Tuesday, September 20 when his Red Chillies Entertainment-owned Kolkata Knight Riders sprang a big surprise on Virat Kohli’s Royal Challengers Bangalore. According to Venky Mysore, CEO & MD of the two-time title winner (2012 and 2014), SRK who has 26.1 million followers on Instagram, and 42 million on Twitter, was busy shooting somewhere else in the world. Anyway, one of the most popular thespians of the Indian cinema of modern times would have been delighted with the fact of the Eoin Morgan led KKR reflecting the essence of team’s theme song “Korbo, Lorbo, Jeetbo Re (we will act, fight and win!)” as it scored a facile win against RCB in the second match of the League-14 that resumed after five months. The League had come to a standstill after 29 matches were played in India from April 9 to May 2 this year, because a few players and coaches were struck by Covid-19. Virtually not running for the play-offs berth after five losses in the first phase, KKR gathered its wits to outplay RCB, looking to win its first IPL title. After a terrific KKR win against RCB, SRK and the other co-owners Juhi Chawla and Jay Mehta, would have more reasons to cheer their team.
Tamil film’s enfant terrible, 38-year-old Trisha Krishnan had media build-up as a gamin imp, couldn’t-care-less brat for conservative chin wags. All the more striking as she is from a TamBrahm (Tamil Brahmin) family. But she built up a loyal fan base for her sophistication and strong roles, topping her career with a memorable performance in the film, 96, pitted against the formidable Vijay Sethupathi whose huge physique starkly contrasted with Trisha’s elfin looks. Trisha has also held media attention for her mercurial love interests: she had STR Simbu wrapped around her after the commercial success of Gautam Menon’s Vinnai Thandi Varuvaya. For a long time after, she and Rana Daggubati were an item, as the slow and steady twosome. She almost got engaged to Varun Manian but walked out, and much talked about! She is a free spirit, and her escapades with close friends and spirits is the stuff midnight masala is made of on Besant Nagar beach. But recently she has not signed any new movies. Have the offers fallen? The Kollywood world sprouts new and sexy females like mushrooms in the monsoon. It is rumoured… finally Trisha has found her love and will soon sashay into marital bliss. What goes up, has to come down. Beached film careers lead to the altar.
Even though the BJP is out of power, it has its say in the functioning of the government, say Mantralaya insiders. A case in point is that the contracts given in the information technology sector during Devendra Fadnavis’ rule continued to be carried forward. This, despite repeated pleas by a section of Maha Vikas Aghadi partners to change the contractors and developers in IT. It seems project implementation officers appointed by the IT companies up to the village level continue to work and get their perks without any problem. Fadnavis and company are therefore happy as they continue to get access to important documents without much hassle, say insiders. This perhaps explains why BJP has been able to take MVA head on in several issues. IT is just the tip of the iceberg; there are other departments including home, finance, irrigation, revenue and public works where BJP’s ‘say’ is still given enough weightage. Recently, former chief minister Devendra Fadnavis was targeted by NCP for holding meetings with the IAS and IPS officers. This is yet another example of Fadnavis clout in the state administration, which has grown sharply after the Antilla bomb scare exposed the role of rogue cops and lawmakers.
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.