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AC Muthiah Finds It Tough Going To Unlock True Share Value In MAMR Controlled, Delisted Chettinad Cement
There are certain advantages in being an unlisted, closely-held company. Owners of such firms, however, may encounter irritants coming their way. A few shareholders, with marginal holdings could prove to be an avoidable hindrance. One such unlisted, closely-held company is attempting to implement share consolidation ostensibly to ease the cumbersome procedural formalities in administration. It is also touted as a goodwill exercise offering small shareholders an exit option. In some instances, small shareholders do not see any goodwill in such an exercise. Rather, the move is viewed as an ill-intentioned initiative to get them out cheaply. The city of Chennai has seen Chettinad Cement, a well-known player in the bulk commodity space, delist its shares a few summers ago. But that has put its industrialist-shareholder AC Muthiah in a spot. If sources are to be believed, Muthiah is unable to get rid of his shares in the company at a price he considers equitable. The owner of Chettinad Cement appears to be playing it cool for now. The business, it may be recalled, is run by MAM Ramaswamy’s adopted son MAMR Muthiah who has an old score to settle with AC Muthiah, whom he had accused of usurping the company assets while his father was ailing. Alternatively, he doesn’t feel the need to acquire more shares, sitting comfortably as he is with a majority holding.
Yogi_Crowd
UP's 2022 Polls Saw Yogi's Return & Akhilesh Chastised, Cong Decimated & Defectors Exiled
The historic re-election of an incumbent government in Uttar Pradesh after a gap of 37 years made Prime Minister Narendra Modi issue an appeal to intellectuals to stop analyzing it from the prism of caste or class. Please do not look for motives of castes/class in the way people vote, he urged. Things have changed in Uttar Pradesh, in his Varanasi — in his Lok Sabha constituency for two terms that he has represented. People are voting on deliverables. The spectacular re-election of Yogi with 255 BJP MLAs has an interesting backstory — some of its key ministers, in fact as many 11 of them had to bite dust. Yes, Deputy Chief Minister Keshav Prasad Maurya narrowly lost to Pallavi Patel of Samajwadi Party, sister of Apna Dal leader Anupriya Patel from Sirathu. Apna Dal is an NDA ally. So did sugarcane minister Suresh Rana to Rashtriya Lok Dal in Shamli. As for Akhilesh Yadav, he finally came to terms with poll results and accepted he may not have won but improved his tally from 47 in 2017 to 111. He could not bail out defectors. Two BJP ministers who joined him like Swami Prasad Maurya and Dharam Singh Saini were humbled. Only Dara Singh Chauhan managed to win.
Wrist Assured
Gundappa Viswanath All Set To Tell “Wrist Assured” Story
Gundappa Ranganath Viswanath, aka GRV, or affectionately Vishy, and if you want the celebrated catchline the ‘Little Master’ found time with a seasoned and studious cricket writer, R Kaushik, to tell his cricket story to his legion of followers who were attracted towards the great noble game only because of his and his brother-in-law Sunil Manohar Gavaskar’s classic stroke play from the 1970s onwards and well into the 1980s and also the subsequent generations. A genial to the core, Vishy became a darling of the purists and others alike after he cut to size Australia’s Graham McKenzie, Allan Connolly, Johnny Gleeson and Ashley Mallett while carving a breathtaking 137 in the second innings of his debut Test at the Green Park, Kanpur, in the winter of 1969. Introduced to Indian cricket’s highest level by Chairman of the selection committee Vijay Merchant and captain, Mansur Ali Khan ‘Tiger’ Pataudi, Vishy went on to charm the cricket world with strokes he executed with elan.  Almost four decades after he bid adieu to the game in 1983 — the year India won the World Cup — Vishy has decided to recall his cricket and life story with Kaushik, who has over 100 Tests under his belt and knowledge to get the best out of a great. The book, to be published by Rupa & Co. is titled: Wrist Assured.
FIre_mumbai
Fire In The Building Run, Run, Run – Authorities, Developers Shrug Off Responsibility As Residents Face the Music
Six people in Mumbai lost their lives in three major incidents of fire in high risers this year. This is a burning issue in the city that has some of the tallest buildings, and more coming up. The fire brigade is unable to reach heights beyond 30 floors as it has ladders that can reach only uptil 90 metres, but that has not stopped the authorities in giving permissions for buildings that are 50-stories plus. Housing activists like Chandrashekhar Prabhu question how the fire brigade could pass the buck on to residents rather than take responsibility for fire safety. Fire brigade is putting the onus on residents to install and ensure proper maintenance of fire safety measures, and get safety audits done bi-annually. For instance, all high-rise buildings have been asked to install smoke detectors and fire alarms. Apparently, it has sent notices to 327 buildings for not maintaining proper fire safety measures. Can the city’s fire brigade get into pointing fingers at individual residents and the managing committee of the society each time there is a fire at a high-rise? Instead of the blame game or passing the buck approach should not all the stakeholders – state government, BMC, developers – find a lasting solution. Shouldn’t the state develop a fire-fighting system for high risers before giving green signal to construction of tall structures?
Yogi_Adityanath_010
Modi’s Saffron Clad Monk Breaks All Poll Traditions, Wins Second Term Even Breaking Noida Superstition
The monk who became the first UP chief minister to serve a full term and, win a fresh mandate bucking anti-incumbency has broken quite a few records even though he wasn’t elected in 2017 to the state assembly before being brought in as CM. It has been more than 40 years since any party was re-elected in UP and where, for the first time in 15 years an elected MLA will be heading the government. Yogi Adityanath proved to be the magical vote catcher along with his boss Narendra Modi. Incidentally, he also shattered the urban legend about Noida being the Waterloo of many UP CMs. The jinx had assumed such proportions that politicos began avoiding the city near the national capital like the plague. What Yogi may have proved is the fallacy of such urban legends that are mere coincidences and have no real relevance to actual events on the ground that are shaped by popular will. There are many such urban legends around the country, including one in Tamil Nadu where it is said that any CM visiting the Big Temple in Thanjavur would be out of power in the next election. This had taken such a hold on the imagination that even a diehard rationalist in M Karunanidhi, who visited the temple, entered through a side entrance. But that didn’t help him either.
Odisha Bridge_001
How Odisha Chief Minister Is Checkmating Maoists With His Infrastructure Connectivity Programmes And Welfare Schemes
The most remote district of Malkangiri, infamous as a hotbed of Maoist activity, still holds a special place in the heart of Odisha Chief Minister Naveen Patnaik. The government has announced that Malkangiri district, located in south west Odisha, will have an airport by 2024. This development comes post the defeat of BJP and Congress in the recently held panchayat elections. Patnaik is now pursuing a governance policy to uplift Odisha’s backward regions through social welfare and infrastructure connectivity as the CM knows that is the key to Odisha’s transformation. A case in point is Gurupriya Bridge completed in 2018. The bridge provides connectivity to 151 villages that were cut-off for over five decades. “It is not just a bridge,” CM had tweeted, “it is the identity and Swabhiman of Malkangiri”. This bridge provides government services at the doorstep for Odias living in the back of the beyond thereby weaning them away from Maoist clutches. Prior to the airport building initiative, Patnaik had also chosen Malkangiri to launch his popular one-rupee rice scheme that was followed by the launch of the Biju Swasthya Kalyan Yojana smart health cards, also from this remote region. With the new airport for Malkangiri district, expectations are that the Maoist hold, their extortions, levies and local support base will fade away for sure as development increases.
AKAntony_FC
AK Antony Retires Come April, Won’t Seek Re-Election To Rajya Sabha, Tells Sonia Gandhi New(s) Comers Spoiling Her Kids
Veteran Congress leader AK Antony (81), whose Rajya Sabha term ends on April 12, informed Congress president Sonia Gandhi he will not seek re-election. He leaves Delhi to go back to home state Kerala. Antony’s exit will mark the end of his 52-year electoral and parliamentary journey, which started as a Kerala MLA in 1970, after being Congress youth leader of the students’ wing. His highly decorated innings included three stints as Chief Minister of Kerala, including being the youngest CM at age 37, 10 years as PCC president, five terms as MLA, three stints as Union minister and five terms in the Rajya Sabha. Antony’s stand on the Rajya Sabha seat is in stark difference to that of former PM, Dr Manmohan Singh. When Dr Singh’s Rajya Sabha term from Assam ended in 2019, he was re-elected from Rajasthan. Party leaders wonder about the need for Dr Singh in the Rajya Sabha as he enjoys all facilities in Lutyens’ Delhi as a former PM. Meanwhile, Antony in a 3-page letter to Sonia, expressed dismay over young leaders misguiding Rahul and Priyanka Gandhi over national issues. Antony is upset with erstwhile news anchors taking positions on Congress policy matters. Antony as CWC member has been a sounding board for Sonia Gandhi on party matters.
modi_Yogi_Bulldozer
Bulldozer Baba Levelled Modi’s Path For 2024, Good Governance For All, With Widespread Law & Peace
BJP’s stunning 4-1 series sweep with Yogi Adityanath’s triumphant return to power in Uttar Pradesh should cheer up party rank and file left clueless after the Maharashtra hara-kiri and, deeply traumatized over West Bengal’s post-poll bloodlust. PM Narendra Modi’s path to 2024 will pass through terrains now evenly levelled by “Bulldozer Baba,” who promises to keep his bulldozer in fine tune, continuing to dismantle mafia dens and stolen scrapyards. BJP positions itself as a party opposed to minority appeasement. Still Yogi had no hesitation in informing the state assembly that 35% of all welfare benefits were allocated to Muslims, who account for 18% of the population. This season, the appeasement awareness campaign focused on the Opposition’s cozy nexus with gangsters and how no trick was left untried by the Akhilesh Yadav government to let Islamist terrorists off the hook. The wide coverage to AIMIM chief Asaduddin Owaisi’s threat to UP Police – “When Yogi will go back to his mutt, Modi to the mountains, then who will come to save you?”– and don Mukhtar Ansari’s son Abbas’ attack on bureaucrats, “No transfer posting for six months, pehle hisab kitab hoga,” rattled many. The spectre of the dreaded dons presiding over the state seems to have weighed heavily in the minds of the voters rather than inflation, unemployment, farm unrest, Covid or even Jinnah.
Nawab_Malik_002
BMC Polls 2022: Congress, SP, AIMIM In A Fix As Nawab Becomes 'Maalik' Of Anti-BJP North Indian, Muslim Votes
Exposing ‘farijiwada’ in the Aryan Khan drugs case bit by bit from his Kurla home-office, NCP leader and senior minister in the Uddhav Thackeray cabinet Nawab Malik made national headlines. Soon, erstwhile BJP CM Devendra Fadnavis and another Mumbai office-bearer came under Malik’s radar. The scrap dealer from Gonda in UP has incessantly taken on the mighty BJP. With his Main Jhukunga Nahi attitude, Malik has forged an instant connection with young Muslims. “…And this is bad news for the Congress, SP, and the AIMIM. Along with being the guardian minister of Gondia and Parbhani, he’s the minister of minority development, Wakf board, skill development, and entrepreneurship. Abu Azmi and the Owaisi brothers don’t stand a chance against Malik as he’s in power,” says a political analyst. It’s party supremo Sharad Pawar’s dimaag and this Miya Bhai’s daring has turned this politically irrelevant party into a key player for the BMC elections. “Malik’s influence on North Indian voters will also help his party if, SP fails to form a government in UP. Nearly 50 seats in Mumbai count on the majority north Indian vote. Plus, there are 50 more such seats where they play a dominant role,” he asserted, adding that with the MVA rallying behind him, a mighty Malik will gravely hurt the prospects parties relying on Muslim and North Indian votes.
pushkar singh dhami__002twitter
'Devbhoomi' Uttarakhand Deals Out The Hand, BJP Wins Over Congress, As CM Pushkar Singh Dhami Faces Khatima Rout
Like Mamata Banerjee who led Trinamool Congress to a landslide victory in the West Bengal Assembly polls in 2021 but lost her seat, so too was the case of Uttarakhand Chief Minister Pushkar Singh Dhami. PM Modi led BJP to victory with 47 seats but Dhami lost. Sources say Dhami would have won had he listened to party managers, refrained from Katima, he had represented for two terms. “We had advised Dhami to move out of Katima as another party functionary was working the assembly seat for the past five years and should have contested from there. We told Dhami to contest from Dehradun, a safe seat as a BJP candidate had passed away,” BJP leader RP Singh says. The Congress won Katima. Uttarakhand Congress leaders feel Dhami was done in by rivals like Ramesh Pokhriyal who funded his defeat. The Congress’s below par results is blamed on its divided house not having kept out turncoats. BJP turncoats like Harak Rawat joined the party at the eleventh hour, but people defeated his daughter-in-law Anukriti Gosain Rawat from Lansdowne. “The mood in Devbhoomi was against turncoats,” says Yashpal Arya, another BJP turncoat who won from Bajpur, but could not get son Sanjeev Arya elected from Nanital.

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.