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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 bio-bubble life for cricketers caused by the Covid-19 pandemic for more than a year and the workload management policy has compelled the BCCI senior national selection committee to rest players for the three-match Twenty20 series against New Zealand in Jaipur on Nov 17, Ranchi on Nov 19 and Kolkata on Nov 21. Virat Kohli who stepped down from Twenty20 internationals, will not figure in the Twenty20 series and also in the first Test to be played at Kanpur, but he will be available for the second Test in Mumbai. The players rested for the Twenty20 series are Jasprit Bumrah, Ravindra Jadeja, Mohammad Shami and Shardul Thakur. Rohit Sharma has pulled out of the Test series, and so the spectators in Kanpur and Mumbai will not get a chance to see him in action. Early this year Chennai and Ahmedabad played host to England in two Tests each and the local associations opened the gates on a restricted basis. Collection at the gates would suffer if the top stars pull out, but with an all-format series scheduled in South Africa from mid-December, the BCCI and the national selectors believed that the “Rest” option has to be applied to the senior players. The print media which was given access against England will not be given access to the press box at Jaipur, Ranchi and Kolkata.
It almost seems an intense fight for Muslim votes has broken out among secular parties in Uttar Pradesh. First, the Samajwadi Party chief Akhilesh Yadav praised MA Jinnah. Then there was Salman Khurshid trashing Hindutva, equating it with ISIS and Boko Haram in his book Sunrise Over Ayodhya. His party colleague Rashid Alvi from UP joined him with a word of caution about Ram Bhakts. Giving a boost to Khurshid and Alvi, Rahul Gandhi also sought to drive a wedge between Hinduism and Hindutva– describing it as a hateful ideology of RSS/BJP. The only sane voice was from CWC member Ghulam Nabi Azad. In this backdrop it is interesting to know that the Oxford educated former Union Minister Salman Khurshid was actually hoping to score a legal point through his book. He says he had been studying through the 1,500-page order of 2019 Supreme Court order. He admits no one had hoped there would be a resolution to the vexed issue of Ram Janmabhoomi temple but somehow the Apex Court had found one. But no one would have expected a book from the Congress stable – that was bound to be a political disaster. Earlier, Congress president Sonia Gandhi was upset with Khurshid for his book – The Other Side of the Mountain wherein he had suggested that Pranab Mukherjee should have been made the PM.
For Odisha Chief Minister Naveen Patnaik criticisms cutting across parties is getting uglier. Part of the reason for escalating opposition is Patnaik’s continued silence over sex scandal allegation levelled against Minister of State for Home Dibya Shankar Mishra. According to local reports, a school teacher, Mamita Meher of Mahaling Sunshine English medium school in Kalahandi district, was allegedly abducted and murdered by Gobinda Sahu. BJP National spokesperson Aparajita Sarangi alleges the involvement of Mishra in the incident. The minister, she says, was frequently visiting the school and staying in the school at night. According to her, there was a sex scandal going on inside the school campus. Stories linking ministers to sex scandal is not new. People of Odisha remember how Patnaik’s swift sacking of several ministers like Maheswar Mohanty, Debasis Nayak, Manmohon Samal, late Pradeep Maharathy for their involvement in sexual harassment cases won him admiration. But, Patnaik’s cryptic one-line statement in the latest case stating that “Law will take its own course” with regard to Mishra has shocked people. Sources say that all evidence linked to minister Dibya Shankar may have been destroyed by the alleged murderer Gobinda Sahu. So at the moment, the question of damage control to sack the minister does not arise despite pressures mounting from the Congress and BJP.
The selfless ways of thousands of workers who rose to deal with the emergency created by a couple of days of extraordinary rainfall in Chennai came in for high praise. This was a redeeming feature of life as the Tamil Nadu capital was inundated incommoding the lives of lakhs of people. The one who stood out as thousands of relief workers toiled to take on the conditions rendered extremely difficult by the rain and water-logging was Police Inspector Rajeshwari. She saved a man in a cemetery who was injured by a falling tree by carrying him on her shoulder and running to the road to try and hire an auto rickshaw to ferry him to a government hospital. She became an internet sensation as her response to a situation beyond the call of duty was recorded on a mobile and made it nationally. Known to be committed to social service while working in the police force, she had been awarded medals for her dedication. There were also many a nameless worker who waded into the water to rescue people, handle electricity problems and outages, man row boats and dinghies to offer help to the stranded and strove to bring back a semblance of normalcy so people could manage to live through a city in the grip of a crisis caused by a natural disaster.
The poster of Nawazuddin Siddiqui’s new film Tiku Weds Sheru reiterates that this ordinary-looking man is an extraordinary actor. He is one of the few actors who has acted with Salman Khan and Shah Rukh Khan and enjoys good equations with them. But he did not see eye to eye with the late Irrfan Khan with whom he acted in The Lunch Box. This 47-year old alumunus of National School Of Drama made his debut in 1999 with a small role in the Aamir Khan starrer Sarfarosh. Since then he has acted in scores of films like The Lunchbox, Manto and Raman Raghav. Perhaps, he is the only actor in the world to have eight films officially selected and screened at the Cannes Film Festival. Of course, no one can forget his pioneering role in the OTT platform with Sacred Games. Be it in Kick or Munna Michael he has done justice to the roles offered to him. Industry For now, he has quite a few films on hand — Heropanti 2 with Tiger Shroff starrer; Sejal Shah’s film and there is a buzz that he may be part of Hrithik Roshan starrer Krrish 4. Well, his journey in the reel world has been quite satisfying but one cannot say that about the real world. His marriage with Aaliya was on the verge of divorce but they have now reconciled.
In very much with the saying, “Politics is the art of possible,” the non BJP parties like the Congress, NCP, Trinamool Congress and Shiv Sena have opened a backchannel to explore the possibility of an alliance to defeat BJP in the upcoming elections to the 40-member Goa assembly to be held in February 2022. Although all these four parties have announced to go solo in a bid to cash in on anti-incumbency against the BJP- led government, leaders from these parties themselves admit that a united opposition can pose a serious challenge to BJP, which is struggling to bring together various factions, to retain power. Shiv Sena MP Sanjay Raut, senior Congress leader and former Goa CM Digambar Kamat, Goa state NCP chief Jose Philip D’Souza and Trinamool Congress MP Sushmita Dev are likely to be fronting their party’s initiative to explore alliance possibilities. They have a common goal to keep BJP at bay. Reliable sources in the know point out that second rung leaders are keen to forge an alliance as then their chances of winning is very high. But, seniors and veterans from these parties are hesitant as they fear they may lose their prospects to become the CM. Clearly, you can’t have the cake and eat it too!
Akhilesh Yadav, Samajwadi Party chief and the principal challenger to UP chief minister Yogi Adityanath, is supposed to be rolling up his sleeves for this crucial battle early next year. In a sign that his heart is not really into the battle, the Opposition leader launched his campaign not by making poll promises; instead he chose to launch a perfume — Samajwadi Sugand or the fragrance of socialism. The perfume comes in a red-and-green glass bottle (the party colours) and is made of 22 natural ingredients from Kashmir to Kanyakumari, signifying the diversity of India. SP leaders say the launch of perfume should not be seen as a non-serious gesture. It was launched in Kannauj which is the Lok Sabha constituency of his wife Dimple. The place is known for perfume making and was produced by a Samajwadi worker. Besides perfume, Akhilesh also tried to tap Muslim voters by heaping praise on Mohammed Ali Jinnah (credited with dividing India to create Pakistan for Muslims). He hailed Jinnah as a freedom fighter on par with Gandhi, Nehru and Patel. If Akhilesh hopes voters would be thrilled with Samajwadi ittars and happily vote for the Cycle in solidarity with “brotherhood”, he would be mistaken. Party workers already feel the Samajwadi leadership has been too tight-fisted as it doesn’t see a prospect of a comeback.
After several failed attempts to oust the Shiv Sena-led Maha Vikas Aghadi government in Maharashtra, now it is the turn of the BJP national president JP Nadda to have another go at it. Apparently, Nadda called for a meeting of senior BJP leaders in the state to revisit strategy on how to overthrow the MVA government. Insiders say this meeting was just an eyewash. Basically, it was an attempt to keep the flock together who are running out of patience. State party leaders including Devendra Fadnavis, Chandrakant Patil and Narayan Rane have stopped issuing new deadlines due to internal contradictions. Insiders say state BJP leaders have failed to provide a concrete plan to conduct Operation Lotus to the national leadership which has ultimately told them to stop talk of collapse of the MVA government which is completing two years in office on November 27. Nadda, who has not made any statement on BJP’s failure to regain power after estranged ally Shiv Sena parted ways to form MVA government, has asserted that the state cannot achieve a new high in growth unless the MVA government is overthrown. However, he has not spelt out any strategy thereby making state leaders to work out their own arithmetic to engineer a split in one of the ruling parties. They, in private talk, admit it is an impossible task but claim Modi Hai to Sub Mumkin Hai.
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.