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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.
Not for nothing is he known as Captain Cool. CSK coach Stephen Fleming said that Dhoni had that look in his eye which said: “I will take this on.” In the match against Delhi Capitals on October 10, Dhoni went out to bat with that intent when 24 were needed off the last two overs even if he wasn’t in the best of nick. That didn’t mean anything though as Dhoni dispatched the ball to the fence whenever it was within his sight and reach. That sight and reach may have dimmed or shortened but it didn’t matter as Dhoni made 18 off six balls and miraculously led his CSK into a ninth final in just 12 seasons — Remember his team was banned for two years. Dhoni never explains what he does at the batting crease. There were several revelations: “I wasn’t thinking too much. If you think too much while batting then you mess your plans up.” Also, Dhoni revealed a Sehwag-like code to batting, “My plan was simple, see the ball, hit the ball.” Dhoni can make that Sehwag plan seem even simpler while captaining too as he backed his bowlers even on a hard day when the ball was flying all around like when Hetmeyer and Pant were batting. But nothing is beyond Dhoni, the magician, not when it comes to the finish.
Soon after mother-son duo Maneka and Varun Gandhi were dropped from the National Executive of BJP, the central decision-making body, there was speculation that Varun would join his cousin Priyanka Gandhi-Vadra. There was a buzz that he might even show up at her Congress kissan rally in Varanasi. Though no such thing happened. His exclusion is attributed to his indiscreet utterances on the Lakhimpur Kheri incident that saw a hit-and-run accident and retaliatory lynchings, leaving eight dead. On his part Varun played down his exclusion by saying that he had never attended any of National Executive meetings in the last five years. However, BJP sources say, Varun’s activities have been under the radar of the top bosses for the last five years. In 2016, Varun had found himself embroiled in a major controversy after he was accused of leaking military secrets to an arms dealer and weapon manufacturers after being “honey-trapped.” Varun did toy with the idea of leaving BJP five years ago when Sonia Gandhi and Priyanka sent word through an intermediary. But eventually he decided to bide his time, fearing action over allegations, and also because of Maneka’s equations with Sonia. Sheltered during Vajpayee rule, now it looks likely that Maneka and Varun won’t get a ticket to contest the Lok Sabha polls in 2024. And Maneka may not mind Varun joining hands with Priyanka. But, will Rahul welcome his cousin?
Sankar Cement and Coromandel Cement of India Cements have been part of some of the country’s iconic structures. Sankar Cement is associated with the building of Idukki Dam in Kerala, Pamban Bridge in Tamil Nadu and Swami Vivekananda Rock Memorial in Kanyakumari. Infosys Building in Bengaluru and Rajiv Gandhi International Sports Stadium in Hyderabad were built with Coromandel cement. Well, Sankar and Coromandel are trusted brands in the cement industry for many summers and belong to 75-year-old India Cements Ltd (ICL), a leader in south India. With such history behind it, the ICL management, led by N Srinivasan, vice chairman & MD, is now engaged in the process of reconfiguring the brand strategy. The time appears to have arrived now. With the Chennai Super Kings having a dream run in the ongoing edition of the Indian Premier League (IPL), team ICL chose to celebrate Platinum jubilee of the company with Captain Cool Dhoni & his boys and the dealers in a live engagement. This is perhaps the first and unique exercise to leverage CSK to promote India Cements, which is the principal sponsor of Chennai Super Kings. The focus now is on creating a distinct and strong corporate brand identity for India Cements. Iconic cement brands are to be promoted around this corporate brand among dealers and influencers. Well, the pitch is clear indeed!
Various theories have been doing the rounds in the Capital ever since Captain Amarinder Singh, former chief minister of Punjab, met with the Union Home Minister Amit Shah and the National Security Advisor Ajit Doval. His meeting with Doval made it loud and clear that Captain was not joining BJP. So, what was the meeting all about? One theory is that Captain came to reveal his game plan of floating his own party and seek an alliance with the BJP so as to not only turf out Congress but also put AAP on the back foot. But, the real reason Captain met with both these gentlemen is to give information on Navjot Singh Sidhu that when divulged or leaked to the media may derail Sidhu’s political career and embarrass the Gandhis for backing him. Captain, it is learnt, is miffed that a die-hard party loyalist like him who was close to Gandhi family since Rajiv Gandhi’s days was given a shoddy treatment by brother-sister duo in order to accommodate a newcomer like Sidhu. So, over the next few months, it will be interesting to watch which way Sidhu’s political graph is headed — North or South?
Union Home Minister Amit Shah decided to give an interview on 20 years of Prime Minister Narendra Modi’s elective politics. Interestingly, he did not choose any of the private channels to air his views. Rather, he chose to speak to Sansad TV — a relaunched Parliament TV. Interestingly, it was aired on a day Congress leader Priyanka Vadra addressed a kissan nyay rally at Varanasi. The Shah interview naturally monopolised airtime as all private channels went live with the interview. Sansad TV, a news channel that has combined the Lok Sabha and the Rajya Sabha TV, was launched on September 15, 2021. Prime Minister Narendra Modi has called it the new voice of the Parliament. In a break from the past, the news channel is roping in well-known MPs from Lok Sabha and Rajya Sabha to host their own shows or conduct panel discussions. First, one saw Congress MP Shashi Tharoor interview renowned Kathak danseuse Shovana Narayan and painter Anjali Ela Menon. Other well-known names that will be regularly seen on the channel are: Economist and author Dr Bibek Debroy who will be hosting a show on religion. Former diplomat Vikas Swarup will moderate a show on foreign affairs while Niti Aayog CEO Amitabh Kant will be doing a weekly show on government reforms. Well, it seems interesting on the face of it.
When it comes to axing ministers in his cabinet and chief ministers in the States over their performances, Prime Minister Narendra Modi is ruthless. In July this year, Modi shocked and surprised everybody by dropping 12 ministers from his cabinet which included the likes of IT Minister Ravi Shankar Prasad, I&B and Environment Minister Prakash Javadekar, and Health & Science Minister Dr Harsh Vardhan. There were murmurs of protests and then came the news that some of the dropped ministers will land top positions in the party or hold gubernatorial positions. But some leaders like Minister of State Babul Supriyo felt badly insulted and decided to switch sides by joining Trinamool Congress. Will more follow as many veterans have lost hope? According to sources in BJP’s HQ, those dropped both at the Centre and States may not return to power or hold important positions in the party as long as Modi is the PM. He adds that Modi has seen their worth and capabilities, so has decided to build the next line of leaders. This exercise was evident in the recent cabinet reshuffle in Gujarat too. Scotching rumours that some of these veteran leaders may join other parties, the source said it is “unlikely.” They will remain permanent party soldiers. Is it? Only time will tell.
Sitting next to SK on the metro, you could easily take him for just another middle-class commuter. His simple, boy next door, no airs looks hide a volcano of talent and dedication to cinema. Currently, he commands Rs 35 crore per movie, overtaking his finder and mentor Dhanush at Rs 28 crore. Thirty-six-year-old Sivakarthikeyan made his debut in Tamil cinema in 2012. With over 22 movies, this stand-up comedian and TV show host has seamlessly transformed himself into a saleable star, singer, lyricist and film producer. Yet, he has not lost his simplicity and humility, and wins over his audience with his tongue-in-cheek portrayals of the accidental hero. His just released Doctor in cinemas after a gap of nearly two years of lockdown is already wowing his fans. As its producer, SK had a few serious financial hiccups prior to release, he was bailed out by a well-known production house. Doctor is drawing appreciation as just the right prognosis for a good cinema house run, post Corona blues. The black comedy is all set to rake in the Dhan, though audiences are a bit baffled by a new look SK — all stern and serious throughout the movie. Oh, well, the director must have wanted him to play a serious comedian.
While the BCCI is dilly-dallying with the idea of founding the Women’s IPL Twenty20 competition, Cricket Australia has not lost the opportunity to draft in eight Indian players for the ever so popular Women’s Big Bash League. The most exciting batter of recent times, India opener Shafali Verma and left arm spinner Radha Yadav will feature in the Sydney Sixers on Thursday, October 14. The Indians — apart from Shafali and Radha, the magnificent stroke player Smriti Mandhana, Harmanpreet Kaur, Jemima Rodrigues, Richa Ghosh, Poonam Yadav and Deepti Sharma — will earn decent Australian dollars, but what’s of importance is the players will get some experience of competitive cricket before the ICC Women’s World Cup in New Zealand in March-April 2022. There have been conflicting views on the need to start the IPL for women; some among the discerning believe India doesn’t have the talent pool to start one but is it not a good thought to start one when women’s cricket has a successful face in Smriti, who was in rollicking form in the pink ball Test against Australia at the Gold Coast. The BCCI should cash in on the opportunity that has presented itself now with a handful of young players showing the desire to embrace the sport.
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.