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HLL LIFECARE
Adani, Piramal In Race To Acquire Union Govt Stake In HLL Lifecare, Declined Kerala Govt May Decide To Play Unfair
The Rs 5,138-crore HLL Lifecare (formerly Hindustan Latex) headquartered in Thiruvananthapuram, Kerala is attracting many suitors. This follows the Government of India’s November 14, 2021 decision to hive off its entire stake in HLL Lifecare. Around seven suitors including the Adani Group, Piramal Healthcare, two Kerala based companies advised by two former CMDs of HLL Lifecare, a fund besides NRIs. HLL Lifecare, which started as a condom manufacturer sold under the brand name Moods, is today a health care company in the truest sense. It has a Pharma business, makes medical devices, runs diagnostic centres, manufactures sanitary napkins and blood bags etc. The company has seven factories, four in Kerala and one each in Belgaum, Manesar and Indore. Today the company operates 220 pathology labs, 47 imagery centres, six labs under the Hindlabs brand and 253 pharmacies across India. Both Adani and Piramal are keen to acquire it. The cash strapped Kerala government, however, could play spoilsport since it wants to take over the company although its offer was declined. The company’s turnover jumped three times from Rs 1739 crore in 2019-2020 to Rs 5138 crore, the profit marginally lower than the previous year. The jump in turnover was a result of enhanced non-core activities including huge purchases and supplies of Covid vaccines, surgical masks and gloves for various State Governments and hospitals.
Vijayendra
BJP Adheres To One Ticket Per Family Norm, Denies MLC Ticket To Yediyurappa's Son Vijayendra
In a bold move, the BJP national leadership has decided not to accommodate BY Vijayendra, second son of former Chief Minister BS Yediyurappa, to the Karnataka Legislative Council for the upcoming June 3 Legislative Council elections. The BJP can win four of the seven seats of the Legislative Council for which MLAs will elect the members. The party has picked up former Deputy CM Laxman Savadi, secretary of the BJP state unit Hemalatha Nayak, president of BJP SC Morcha Chalavadi Narayanaswamy and S Keshavaprasad. Interestingly, Vijayendra’s name was recommended by the state BJP core committee. But central leaders decided against it. With one son BY Raghvendra, already a Lok Sabha MP, Yediyurappa himself a MLA, the BJP was not keen to give ticket to one more family member. It was felt Yediyurappa’s every wish had been accommodated – including his close aide Shobha Karandlaje being made a Union Minister. Of course the reason for denying MLC ticket to Vijayendra is because he had been exploring the possibility of setting up a breakaway political group – revisiting Karnataka Janata Paksha set up by his father during 2013 assembly polls. Reports of his meetings with Congress leader Siddaramiah have also emerged. With this action, the BJP has sought to grow out of Yediyurappa narrative. The party is betting on Bommai’s governance and Modi’s leadership.
Dinesh Karthik
Gavaskar Wants DK As Batter In Indian T20 World Cup Team, Little Master Endorses Kartik’s Classy Form, His World Cup Dream!
Dinesh Karthik has thrown his hat in the ring for a place in the Indian team for the ICC Men’s World Twenty20 in the Australian summer this year. The smart stumper from Chennai is 36 and the selectors — all bowlers — believe that the keeper-batter who has played in two Twenty20 World Cups in 2007 and 2010, and scored 57 runs in five innings for an average of 11.40 has to be put on trial again for the big event Down Under. Karthik played his last Twenty20 international in February 2019.  He has now been selected for the five match Twenty20 series against South Africa to be played at five cities from June 9. Rishabh Pant is in the squad as first ‘keeper and vice-captain to KL Rahul and so Karthik will play as a specialist batter. None other than Sunil Gavaskar pushed his case saying: “Form is important. They say form is temporary and class is permanent and if a classy player is in form, then you must pick him. The way he is batting currently he should be considered and included as a pure batter and wicket-keeping should be an added option. Don’t think about his age.” For Royal Challengers Bangalore in the IPL-15, Karthik scored 177 @no7 in seven innings with a strike rate of 11 plus an over.

TRENDS & VIEWS

Editor’s Note: Short Post Is Here To Stay…

Time, they say, flies—and how true that is. Here we are celebrating our 5th Anniversary. Five years ago, when Covid-19 was wreaking havoc across the globe, I took a leap of faith and launched Short Post, India’s first website for Authentic Gossip. That was on January 31, 2021. I was convinced there was a clear gap in the market for gossip that was credible, sharp, and impactful—especially if told in just 250 words.

In this, I was fortunate. Scores of senior editors across diverse verticals bought into the idea and, in the process, gave wings to my dream. Quite honestly, Short Post could not have crossed these milestones without the unflinching support of its contributing editors. Like all start-ups, we have seen our share of ups and downs, but these editors have stood by us like a rock. I take this opportunity to doff my hat to them.

Thanks to their commitment, we have published close to 5,000 stories spanning politics, business, entertainment, and sports. I say this with pride: we made our mark as people who matter read us. “Small packs, big impact” truly captures the essence of Short Post.

We all know that Covid-19 has reset businesses worldwide, and the media sector is no exception. In the post-Covid era, investors have become more cautious and selective—and advertisers too. To compound matters, the entry of AI has disrupted the media landscape in equal measure. So far, we have managed to hold our ground, hopeful that some angel investors will take a shine to us.

What gives me confidence is this: AI cannot smell news—especially the gossipy kind. In other words, AI cannot churn out Short Post-type stories, no matter the prompt. That puts us in a safe zone. As someone rightly said, “AI is a co-pilot, not a pilot.”