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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.

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.

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.


Technology Cannot Disrupt Original Content Provider: Short Post Editor

They say time flies. How true!  Today is our #SecondAnniversary. Two years back at the height of Covid-19 Pandemic when lockdown was the way of life we took a leap of faith and launched Short Post (Jan 28, 2021), the first-of-its-kind website in the country that focuses on Authentic Gossip. The Oxymoron is deliberate. Well, the response has been quite encouraging. That’s what has kept us going. Till date we have posted close to 2000 stories in the areas of Politics, Business, Entertainment and Sports. Each insightful story of around 225 words has been contributed by Senior Editors. There is a sense of satisfaction of creating a new segment in the market – authentic gossip — and in the process creating a brand (in a limited sense), creating demand (readers) and creating supply (writers). Well known advertisers — IDFC FIRST Bank, ICICI Lombard – supported us.  And that really boosted our confidence. Thank you!

So here we are raring to go.  But, when I look at the media landscape the disruption is indeed fast and furious. Technology is playing a very big role in how content will be consumed. In the past, we have seen how social media has disrupted the media world. Now, everybody is saying the same thing about ChatGPT. It has reached 1 million users in five days. Its scorching pace of growth is indeed frightening and will disrupt the media industry big time. My limited argument is can it do investigative stories, write gossip items using the digital world ecosystem. Unlikely. Clearly, the original content has to be created first — only then can ChatGPT do the magic. That’s what we promise to do – focus on original content.

Before I sign off, I am reminded of an old advertisement of the early sixties: “Avis is only No.2 in rent a cars. So we try harder”. Likewise I can say, we are two years old and we are trying even harder to be relevant to you readers.