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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.
Initial buzz said President Ramnath Kovind would be among dignitaries to lay a wreath on the mortal remains of Chief of Defence Staff (CDS) General Bipin Rawat and others killed in the Tamil Nadu helicopter crash, at the Palam air base. Apparently, however, as per protocol the President may not place a wreath on the bodies of any soldier. Being Supreme Commander of the armed forces he may not discriminate between a general or a soldier while paying tributes. The President, of course, had canceled all engagements after the helicopter crash and tweeted his condolences to the bereaved families. The PM and Defence Minister who laid wreaths had actually done so on behalf of the President. However, when it comes to commiserating civilian deaths, the President is not encumbered by any such protocols. Ramnath Kovind was first to write to Mallika Dua, daughter of late journalist and Padma Shri awardee Vinod Dua who passed away early this month. PM Modi also followed suit, condoling Dua’s demise. Modi’s gesture surprised some in the news media as the late journalist was among the PM’s staunchest critics. Was it a move intended to soften the liberal media that is vocally against the PM or, just a routine letter from the PMO? Only time will tell.
December 12: Superstar Rajini’s 71st birthday Stargazers, fans and critics stood lost right outside his Poes Garden home in Chennai. Media persons held vigil since 7 am, even as gathered fans raised slogans:‘Iraiva, Thanga Thalaivaa, Yesuvee’!…a crowd that could not be fathomed as friendly or angry. For years, Rajini or Thalaiva always met fans, handed out Rs 100 each as a birthday take away but the dole stopped by mid-2000. Still restive crowds waited, hours on end before the brief appearance, almost a Hitchcockian glimpse lapping it up. More change followed. Rajini left for known/unknown destinations. Rumours of a Himalayan sojourn sometimes or, his farmhouse and, even in Bengaluru at times. When his imminent political foray was known, carefully scripted and crafted, crowds went ballistic. But an anti-climax followed. A December 2020 announcement – “No (more) politics, my health is fragile. Sorry if I led you on, fans.” Rajini’s popularity as an entertainer is unabated. But, some equations are mutating. Wife Lata is emerging as the driving force, a shadow alter ego with strong political aspirations. A superstar’s wife has limits but a superstar’s political heir has endless possibilities. The birthday crowd’s clamor now turns into a crescendo, demands for her appearance. Analysts are trying to decode as to why fans were cheering for Mrs Thalaiva. Hopefully, the cat will be out of the bag soon.
Feisty 47-year-old investment banker turned TMC MP, Mahua Moitra was taken by surprise when her party boss and, West Bengal Chief Minister Mamata Banerjee, ticked her off for her brand of politics. Moitra nodded meekly as Didi dressed her down in public, apparently for writing to SEBI chairman alleging irregularities by brand Adani Power when it delisted. The letter, came just days after the Mamata-Gautam Adani meet in Kolkata, a prelude to the business summit planned in January 2022 so, Didi naturally blew her top. Moitra’s letter to SEBI was the proverbial last straw. Sources say Moitra’s solo style of politicking finds her out of team TMC’s favour. Her negative local politics over seat distributions and rumour mongering on TMC corruption in Nadia (where elections are scheduled) sparked off the party chief’s ire. And Mamta said “Mahua, let me give you a clear message here. I don’t see who is in whose favour or against. I don’t believe in the politics of putting on a show on YouTube, paper, digital etc. This kind of politics cannot sustain for long. And it is not right to expect that one person will stay at one post forever.” Question doing the rounds now is: Will Moitra quit after her public humiliation?
PM Narendra Modi’s complete endorsement of UP Chief Minister Yogi Adityanath, whom he calls ‘Karmayogi’, was clear and evident over the last several weeks during his frequent trips to Uttar Pradesh, ahead of assembly elections slated next year. Modi has good reason to be happy with the manner Yogi has executed and delivered projects very close to his heart, in particular, the Kashi Vishwanath Dham Corridor in Varanasi, well within the scheduled timelines. Returning the compliment Yogi compared the PM to Ahilyabhai Holkar and Raja Ranjit Singh who had contributed similarly and restored the temple. At the inauguration ceremony of the corridor, Yogi was at the PM’s side all the time at various stages of the ceremony. Several other BJP leaders, including chief ministers, attended the ceremony but no one accompanied the PM. Significantly, a month ago Yogi’s twitter handle shared a picture of PM Modi during a stroll with his hand on Yogi’s shoulder. The picture, snapped up at the UP Raj Bhawan captured Modi in deep conversation with Yogi. The PM was in Lucknow attending the DGPs conference when the CM called up on him. Buzz is, the idea to share the Modi-Yogi picture of camaraderie had emanated from the PMO.
Justice Krishnaswamy Chandru is in the limelight after the critically acclaimed movie Jai Bhim, based on the human rights abuse case that he handled to expose police brutality in Tamil Nadu, is not popular with the judges of the Andhra Pradesh high court at the moment. A division bench of the AP high court was up in arms about comments made by the outspoken retired judge who is championing public causes in his speeches these days. Speaking at an event in Andhra recently, Justice Chandru had said, “We need judges who will protect the rights of the people. Now, what do we see in AP? Today, an elected government is fighting for survival not from rivals, not from political rivals or mass movements, but from the judiciary itself!’’ He had gone on to say that the judiciary, whose duty is to defend the rights of the people, “is doing something different, which is not expected.” The AP HC chief justice blamed the celebrity without naming him, saying remarks made against the judiciary were just to be in the limelight. Why should a judge from another state come to Andhra and make comments on the functioning of the court, the CJ asked. He explained that contempt of court proceedings are not being contemplated now in consideration of the judge’s contribution to the judiciary in the past.
An all males association in Andra Pradesh has petitioned a court to ban an item song-and-dance in the just released trilingual movie, Pushpa. This is a first in India’s male dominated misogynistic society. Samantha, who recently divorced, openly flaunts her assets, and dances to a raunchy rap song crooned by Andrea with lyrics by Vivekh. The gist of the in-your-face song: “When the lights are off, who cares if the catch is skinny, winny, winsome, wholesome or just plain?” The song has turned on a macho challenge (read bristled some male egos). Samantha is rumoured to have earned Rs 1.5 crore for the item song and returned good value for money, her attire and gyrating causing temperatures to sky rocket. Yes, Samantha ki jawani will jingle cash registers for the movie at the box office. Sentimental Rajesh Khanna said it right famously, “Pushpa I hate tears!” Producers of Pushpa are laughing all the way to the bank. An estimated million people saw the gyrating dance and have already drooled. What is the sought ban set to achieve? Surely more clicks of the mouse.
The Pune-based Maritime Research Centre (MRC) has achieved a milestone by submitting an interim report on a proposed national capacity- and capability-building policy to bring about effective Underwater Domain Awareness (UDA). This is a ‘whole-of-nation’ approach to bring all the stakeholders in UDA together, feels the founder-director of MRC, Dr (Cdr) Arnab Das, who presented it to NITI Aayog CEO Amitabh Kant in Delhi last week. Kant is understood to have appreciated MRA’s continued efforts in taking the UDA framework forward. The project had started with a presentation to the NITI Aayog Vice Chairman Dr Rajiv Kumar and four Advisors. Cdr Das also had the opportunity to meet Milinda Moragoda, High Commissioner of Sri Lanka to India, and brief him on the UDA framework and its importance for Indo-Sri Lanka relationships. The increasing maritime activities in the Indian Ocean Region lead to higher noise levels, affecting marine species that use sound for multiple biologically critical functions like foraging, navigation, communication and finding mates. The sensing of the undersea domain for threats, resources and activities, making sense of the data generated for security strategies, conservation plans and resource utilisation plans are vital; and the MRC is keen to play a major role in this critical national and regional initiative.
Paris, the fashion city of France and Europe is on an overdrive to get ready for the 2024 Summer Olympics. The organising committee on Monday (Dec 13) announced that the 777 km long river Seine will be the iconic place where the Opening Ceremony will be held with athletes to take a 6 km boat ride as part of a spectacular show. Paris 2024 took the International Olympic Committee into confidence before making the news public. The Paris 2024 Chief, a three-time Olympian Tony Estanguet feels that there will be 10 times more spectators at an open setting than a stadium setting. The organizing committee expects over 600,000 people to watch the Ceremony in the capital city. Athletes will travel in 170 boats starting from the Pont d’Austerlitz, to the bridge located close to the French national library. The Eiffel Tower is close by Estanguet said: The 6 km route would allow for full immersion into Paris, with landmarks including the Notre-Dame Cathedral. He also revealed that Paris 2024 would look to implement ideas used during their previous Olympic Day celebrations, where sporting events have been held within the French capital. It has been reported that no security obstacles have been identified so far and that the Opening Ceremony is scheduled to take place on July 26 in 2024.
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.