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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 Rahuls are the ones in charge of transition as Team India moves on from the Virat Kohli era. KL, the opener-captain of the ODI team, and Dravid, the coach, will be ushering in the fresh start. The alarm bells must be ringing in those who were given a long rope when Shastri-Kohli were in charge. Work ethic will have a very high value. There will be no more pampering of seniors and whenever Test matches come along both Ajinkya Rahane and Cheteshwar Pujara can expect no more favours. Rishabh Pant may have got a renewed lease of life with his classy century marked by great discipline at the crease but he too can expect none of the old licence with Dravid in charge. Total commitment to the team cause would be the new mantra and anyone fed a false sense of confidence will know that everyone will be on trial from here on. Dravid will be the toughest task master because he was a cricketer who drove himself on in his career and his Karnataka mate Lokesh would know that very well. Committed cricketers will have a better chance as performance will count for more than players strutting about on their assumed potential. A new Team India is in the making.
With the five-year terms of India’s President and Vice President ending this July, rumour mills have gone into overdrive over likely successors respectively. And yet, political stakeholders know full well it is near impossible to predict Prime Minister Narendra Modi. Delhi-based senior journalist R Rajagopalan says an “informal, unofficial” committee (read think tank) was formed including Union Ministers, Bhupendra Yadav, Piyush Goyal and Nitin Gadkari to scope out all aspects, however, weighty as may be. How will the current selection process differ from the 2017 President and Vice President elections? On the political front now, the Shiv Sena and Akali Dal are no longer allies of BJP, the J&K Assembly is non-existent and a weakened AIADMK cannot be counted upon. Wags predict this time it may be a woman from the South? Definitely not Finance Minister Nirmala Sitharaman, in such a case, with her long drawn To Do List. Some deduce it could well be Tamilisai Soundararajan, Governor of Telangana and Lieutenant Governor Of Puducherry. Political analysts say the strategy seems fool proof as no party would generally oppose a woman SC candidate. Defence Minister Rajnath Singh’s name is also doing the rounds while the Grand Old party is mooting Leader of Opposition in the Rajya Sabha Mallikarjun Kharge’s name.
On the night of January 16, the BJP averted a repeat of the Swami Prasad Maurya moment in UP, being replicated in Uttarakhand by sacking a cabinet minister on the verge of turning rogue. In a pre-emptive strike, Harak Singh Rawat was let go after he hobnobbed with the Congress. He had blackmailed BJP, throwing tantrums over unreasonable demands for MLA seats. He wanted a ticket for daughter-in-law Anukriti from Lansdowne. Then, Rawat pushed the envelope at the late evening cabinet meeting on January 16 over pending approvals for a medical college in his constituency Kotdwar, even threatening to quit. Next, he held talks with Congress leader Pritam Singh and was to join the party on January 17 which the BJP got wind of. After being dumped by BJP, Rawat has cut a sorry figure with the Congress now disinclined to admit him right away. “Till a fortnight back, Harak Rawat was heaping insults on our leader Rahul Gandhi. Why should he get a free pass into the party?” asked a state Congress leader. Those backing former CM Harish Rawat feel the Congress should treat Harak just like Akhilesh Yadav side-lined Imran Masood, who dumped Congress to join the SP. Masood was denied a ticket from Nakur after SP admitted sitting BJP MLA Dharam Singh Saini who had defeated him in the 2017 polls.
If I can be vice-captain, why not be the captain? This line of thought could weigh in the mind of Jasprit Bumrah, a top-notch fast bowler who has captured 109 of his 113 Test wickets overseas. Bumrah, deputy to KL Rahul for the three match ODI series in South Africa averred at a media interaction that he is indeed game for India’s Test captaincy. Bumrah has been India’s linchpin bowler for four years and called upon for select white ball cricket matches. India’s selection committees have been generally conservative and are not inclined to name a specialist bowler as captain. Left-hand spinner Bishan Singh Bedi led India in 22 Tests and off spinner S Venkataraghavan in five Tests. Kapil Dev excelled at his primary work as a fast medium bowler, but he could have walked into the national team as a batter too! Anil Kumble got a late call in his career and he led the country in 14 Tests. As highlighted in these columns recently, India’s captaincy puzzle has taken an unknown contour now with Virat Kohli relinquishing captaincy for good. So who will it be next, the 35th Test captain; fast bowler Pat Cummins led Australia to a resounding 4-0 in the Ashes. Will the BCCI’s selection committee take the cue from Cricket Australia’s move, or will it plump for a batter? Rohit Sharma, KL Rahul are in the short queue!
The Aam Aadmi Party expectedly named Bhagwant Mann as its Punjab chief ministerial face after an overwhelming two lakh people phoned in backing him. Arvind Kejriwal played safe and has opted for a popular Jat Sikh, overlooking his tipeler interests. A popular comedian, Mann is a two-term Lok Sabha MP from Sangrur. Punjab has never boasted a non-Jat Sikh CMs since its formation in 1966, barring former President Giani Zail Singh (1972-77) – a Ramgarhia Sikh. The Congress has shied away from officially announcing its CM face or even its stated preference between Dalit CM Charanjit Singh Channi and Jat Sikh leader Navjot Singh Sidhu, apart from hosting a brief Sonu Sood video featuring Channi on its twitter handle. While the media views it as the crowning of Channi, there’s still no official word on it. With ED acting on a 2018 FIR of Punjab Police against companies and individuals involved in illegal sand mining including raids on Channi’s nephew, it appears less likely the Congress will prop him up. “Punjab CM and his relatives are involved in illegal sand mining”, declared Kejriwal. With AAP no longer worried about Channi as the Congress CM face, he may be eased out post elections like Maharashtra Dalit Congress CM Sushil Kumar Shinde, who won the 2004 elections but, was replaced as Maharashtra CM by the dominant Maratha Vilasrao Deshmukh.
CEO of popular retail chain Café Coffee Day (CCD), Malavika Hegde is in the news for smartly turning around the company after the tragic demise of her husband VG Siddharth in July 2019. Within three years she pared down the business debt, that stood at a whopping Rs 7200 crore to Rs 1731 crore. So, how did she succeed? A top source in the conglomerate’s logistics arm says, “I don’t understand why this question is being asked. Even an Ambani or an Adani, with all the cascading cash flow revenues would find it difficult to pay off such a daunting sum. Something all should know; this gutsy lady didn’t even ask for a haircut. Just conveyed that every rupee would be paid off. She has brought the debt down to 1730 crores (which is nothing short of) a miracle.” Sensible strategies were introduced to monetise non-core businesses, business plans remodelled, tighter integration of fiscal strategy and, above all, the goodwill of the workforce who believed Malavika would pull it off. The daughter of former Karnataka Chief Minister SM Krishna, married into a well-heeled family of plantation owners, Malavika has proved yet again that women are more than capable to correct tail spins, just as efficiently as they manage their families. No doubts there at all.
Odisha Chief Minister Naveen Patnaik is on one political conquest after another! In the 2017 Zilla Parishad elections his party, Biju Janata Dal won 473 seats, even beating the collective BJP (297) and Congress (60) tally of a total 846 seats. For the 2022 panchayat elections, scheduled between February 16 and 24, Patnaik is eyeing 600 seats and will do battle with BJP, the only other serious contender. Master strategist Patnaik and his just-timed-right appeasement manifesto has already swung into action. Knowing fully well that caste politics will dominate in the Panchayat elections, Patnaik reserved 40% seats for OBC communities which constitute 54% of the State’s population. He also introduced a slew of pro-poor schemes while directing BJD MPs and MLAs to visit backward districts to ensure effective delivery of the populist benefits. Patnaik monitors progress in each district in real-time via video calling. Surprisingly, the BJP, a tad late off the starting blocks, is replicating Amit Shah’s election winning model Vistarak Yojana to be implemented through a maze of planning measures with appropriate filtration, committees and coordinators at the Block level to help capture more BJP seats. Political observers say that the elaborate process driven strategy may not help BJP secure the desired numbers given BJD’s aggressive stance and Patnaik’s ‘welfare’ measures. BJP perhaps may have to wait a bit longer to capture the State.
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.