August 24, 2022 - Short Post

Narain Karthikeyan and Sudarshan Venu

All Business

TVS Motor Picks Up 48.2% Stake In Narain Karthikeyan’s Start-Up

In the new world of competition, one has to keep running to stay where you are. Well, this realization has forced many to think out-of-box. What comes out of this new thinking? Fresh alliances of unusual kinds appear to be the order of the day. This Chennai-based two-wheeler major has just inked a partnership with a start-up promoted by the Formula 1 driver Narain Karthikeyan. TVS Motor Company is picking up over 48% stake in a start-up promoted by Karthikeyan. NKars Mobility Millennial Solutions Private Limited (NMMSPL) is a pre-owned two-wheeler platform. TVS Motor will invest Rs 85.41 crore to get 48.27% stake in NMMSPL by way of primary and secondary investments. Founded in April 2020, NMMSPL runs a digital platform ‘DriveX’ which provides two-wheelers to customers on a subscription model for a flexible tenure and on a purchase model. The coming together of Narain Karthikeyan and TVS Motor indicates a tale or two. For one, this signals a convergence in the mindsets of GenNext. Perhaps Narain Karthikeyan and Sudarshan Venu, MD of TVS Motor, have lots in common in terms of thinking and approach. For another, the pre-owned two-wheeler segment is also seeing a significant shift away from the unorganised and moving towards the organized field. Well, the race for two-wheeler share is heading for an interesting phase.

Post By KT Jagannathan

All Politics

After Uddhav’s Right Hand In Custody, Left To Join Soon : Kirit Somaiya

Former BJP MP Kirit Somaiya has kicked up a fresh political storm by declaring that “The right hand of Uddhav Thackeray is already in custody, very soon the left hand will join him there.” Somaiya has been relentless against the Shiv Sena led by Uddhav Thackeray over the past two years by making one serious allegation after another. Although Somaiya has not mentioned any name, it is believed that he has trained his guns against former minister Anil Parab, whose sea-side resort at Dapoli in the Konkan is now on Somaiya’s radar for some illegal construction in the property. Parab has denied any connection with it. By right hand, Somaiya is believed to be referring to Sena MP Sanjay Raut, who is in ED custody. BJP activist Mohit Kamboj has been similarly tweeting over the past few days to warn that ‘some big fish’ from the Nationalist Congress Party (NCP) would soon be caught in the net. Kamboj says the list has 10 names but hasn’t disclosed any of them. Incidentally, only the Congress party is not targeted by any BJP functionaries. Somaiya poured out his chagrin against Uddhav by describing how his wife Medha, son Neel and he himself were hounded by the previous government. A retired naval officer was beaten up while a family was publicly shaved for talking against the then government, he recalled.

Post By Dilip Chaware

All Politics

Tamil Nadu Finance Minister Ko Gussa Kyun Aata Hai?

The ‘Prime Time’ of PTR Palanivel Thiagarajan, Tamil Nadu’s finance Minister, has been all the rage for a while now as he dared to take on the Prime Minister and his plenipotentiaries questioning their pronouncements over freebies. The PM had opened up a big debate after comparing freebies to the coarse sweet ‘Revdi’ and Opposition states took it up big time. PTR was on the warpath everywhere, including in an Oxford debate, in which he compared the Modi regime to British rule. He questioned whether the Centre had performed so well on the economy front that everyone had to follow its dictates. Not to be outdone by someone who took on the highest in the land, the BJP’s mouthpieces began digging into the Tamil Nadu economy to point out that its finance minister was just bragging about a Dravidian model while he was sustaining government expenditure by simply borrowing – as much as Rs 72,500 crore in 2021-22, to be scaled up to Rs. 90,000 crore in 2022-23. After PTR took over, the State’s debt ballooned to Rs 3.02 lakh per family from Rs 2.63 lakh per family. The percentage of debt to GSDP is also on an upward curve even as the Dravidian state leans on liquor sales to sustain its expenditure, boosted of course by freebies like free electricity for farmers and others.

Post By Tamil Raja

@ImRo45

All Sports

Stiff Challenges Await Rohit Sharma, Starting With The Desert Variety!

After taking over the reins of India’s captaincy in Twenty20, one-day internationals and Test cricket and from a beleaguered Virat Kohli, Rohit Sharma is set for challenges in the form of the Asia Cup Twenty20 in the UAE from August 28 and the ICC Men’s Twenty20 World Cup in Australia in October-November. Sharma’s stock will rise should he show the way for the men in blues team for trophy triumphs. A great entertainer in white-ball cricket, Sharma has demonstrated that he is his own man in terms of leadership. In the many months of the post Kohli phase, after the last year’s World Twenty20, Sharma has led India in 16 Twenty20 internationals and won 14 recording 88% success rate. He has scored 449 runs too. But for the first time Sharma will lead in a multi-team tournament that has a champion team like Pakistan and equally quality outfits like Sri Lanka, Afghanistan and Bangladesh. Sharma will have Rahul Dravid by his side to give valuable suggestions on the playing XI and tactics, but the most successful captain in the IPL with five silverware wins for the Mumbai Indians would like to leave his mark in the Arabian Peninsula first, and then in Australia though he will be handicapped without the ace up his sleeve, Jasprit Bumrah in the Asian competition.

Post By G Viswanath

All Business

Consultancy Firm’s New Angle To Market India Cements’ CSK Brand Yields Dividend

In the fast unfolding dynamic environment, the key to success lies in the quick reconfiguration of the thought-process. A legacy mindset often proves to be a stumbling block to embrace any new idea. This is no rocket science for anybody to comprehend. An expert, nevertheless, can play the change-agent with finesse. Well, this is what this consulting firm Circular Angle is now doing at one of the top cement companies in India. Circular Angle, a decade old consulting firm which provides consultancy services to some of the big names in the corporate world suggested a few tweaks in the way India Cements sells its cement. This has seen this Chennai-based company slowly changing over to communication-oriented applications and making products for each application. This is reaping dividends at the ground level as seen from the success that the recently-launched CSK brand of cement is showing in the marketplace. The beneficial impact of the engagement with Circular Angle is now being sought to be extended to other areas of India Cements. From implementing new business strategies to ultra-efficient work processes, Circular Angle is ready to tackle any challenge and put its clients on the path to success. Well, a make-over is definitely happening to make this cement major a modern company.

Post By KT Jagannathan

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.

TRENDS & VIEWS

Editor’s Note: Big Punch In Small Pack

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