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IIM-K Case Study: How And Why 100-Year Old TVS Group Split Four Ways
The family enterprises are a dime a dozen in the city of Chennai. All of them have made a significant impact on the industrial landscape of Tamil Nadu. TVS, Murugappa, Rane, Chemplast and Apollo group have made enormous contributions to not just the economy of Tamil Nadu but the nation as a whole. With families expanding – through induction of new members via marriage – the dynamics of their management has changed. And, the metamorphosis has introduced fresh implications in the management of these family-run enterprises. The TVS – comprising four wings – has recently gone in for a legal separation. Coming as it did after internecine quarrels – that at times took legal overtones – the smooth formal legal separation in the TVS conglomerate is looked upon by other groups which too are experiencing some pressure or the other within. For the first time perhaps, the Indian Institute of Management, Kozhikode, has come out with a comprehensive case study on “Splitting the century-old TVS Group – The Family Arrangement”. It’s a comprehensive effort, chronicling the history of the tension within the larger TVS empire, one of India’s oldest and prominent family business groups with more than 110 years of history. The study dwells on the framework for the split and highlights the governance issues in its wake. An insightful exercise in education indeed!
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Kerala’s Left Front Govt Launches App Hailing Cab Service, Will It Succeed?
Now you can travel hassle free without being taken for a ride by rude taxiwalas or auto guys as Kerala’s Left front government headed by Pinarayi Vijayan has launched an App hailing cab service called Kerala Savari. Unlike other App hailing cab services which charge 25% more than normal fares, Kerala Savari will charge only 8 % more. There are several differences between existing players and Kerala Savari. First, drivers are vetted and cleared by the police. Second, the fares are fixed, there is no surge rush hour and drop-in lean hours pricing. A cancellation option has been built into the app. Comrades turned capitalists have even conceptualised a driver training program that includes training for tourism skills for out-of-state tourists. Even a panic button will be installed in the vehicle for both passengers and driver, to access the police, hospital or fire service. Kerala’s Minister for Education and Labour V Sivankutty proudly claims that Kerala is the first state to enter the online ride business. It may well be the first, worldwide too. The 360 degree vision plan includes discount rates for tyres, batteries, insurance and diesel for those who register for the Savari. The only downside…Kerala is known for its militant workforce, and the best intended App may fail if the drivers and taxi operators raise the red flag.
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BJP Fires First Salvo For BMC Election, Attacks Uddhav Thackeray
Maharashtra BJP has fired the first salvo in the upcoming battle for the Brihanmumbai Municipal Corporation (BMC) by squarely blaming the Shiv Sena under Uddhav Thackeray for the neglect and deterioration of Mumbai. The BMC has remained the Sena’s backbone and losing it would dent its main support base.  “We will make Mumbai free of corruption. Be sure that a mayor belonging to us and the Sena of chief minister Eknath Shinde is going to be installed,” declared deputy chief minister Devendra Fadnavis amidst huge applause at a rally today organised to felicitate newly appointed Mumbai BJP president Ashish Shelar. All BJP bigwigs, including its city MPs and MLAs, were present to show solidarity.  Fadnavis recalled that when Shelar was heading Mumbai BJP earlier, the party had registered a handsome win in BMC elections. “Even at that time, we would have been able to install our mayor. However, as responsible alliance partner, we allowed the Sena under Thackeray to occupy the mayoralty,” Fadnavis claimed. The BJP and the Sena under Shinde have made it a strategy to corner and attack the Sena under Uddhav at every possible opportunity. He is yet to venture outside Mumbai. But Sena workers feel that Uddhav himself needs to be at the forefront of the assault. He is expected to announce his plans shortly.
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Mallya Effect On CBI: Prez's Nod Secured Before Filing FIR Against Sisodia
Looks like Prime Minister Narendra Modi has got the CBI to do a thorough job before proceeding against Delhi’s Deputy CM Manish Sisodia. Reportedly, the central agency secured prior mandatory approval of the President of India before filing a corruption case against Sisodia in connection with alleged irregularities in Delhi government’s excise policy 2021-22. Section 17A of the Prevention of Corruption Act requires Presidential assent to investigate a legislator in Union Territories. For excise officers, the Lieutenant Governor is the permitting authority. An FIR was filed against Sisodia on August 17 only after receiving the 17A sanction from the President’s office. Once the FIR was registered, the LoCs (look out circulars) were issued against all named 13 individuals, including Sisodia, so that immigration authorities are alerted in case anyone travels out of India. The CBI is taking precautionary steps because it doesn’t want a repeat of the March 2016 slip-up when former liquor baron Vijay Mallya fled the country for the UK. Since then the agency has started issuing LoCs against accused persons in almost all cases “as a precaution”. Meanwhile, the Congress seems to be the pumpkin in the CBI raid episode with party spokespersons speaking /acting differently. While on Day One Pawan Khera was questioning the CBI raid, next day Delhi Congress leaders were marching to AAP offices sensing mood in NCR against AAP over its liquor policy.

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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.”