September 5, 2022 - Short Post

Fotocorp

All Business

Are Adanis Using Foreign Route To Acquire Ambuja Cements, ACC In India?

The country’s fastest growing business house of the day, Ahmedabad-based Adani Group, is reportedly entering into the cement business by acquiring two major companies of the Indian cement industry from world’s second largest cement producer, Holcim of Switzerland. The deal is worth more than Rs 50,181 crore. Strangely, none of the India-based Adani Group companies is involved in the acquisition process. Interestingly, the net worth of the so called acquirer of the two large Indian cement conglomerates at the end of fiscal 2022 was less than Rs 20 lakh! To acquire Ambuja Cements Ltd (ACL) and ACC Ltd (ACCL), Adanis have adopted a complex route. The main face of the group, Gautam Adani, does not come into the picture. The takeover process is executed via elder sibling, Vinod Adani, a citizen of Cyprus, a resident of Dubai and Singapore and a director of dozens of companies & trusts spread across many tax havens like Mauritius and British Virgin Islands (BVI). The acquirer of ACL/ACCL is the Mauritius-registered Endeavour Trade and Investment Ltd which is 100% owned by another Mauritius-based company, Xcent Trade and Investment Ltd, which is again 100% owned by Acropolis Trade and Investment Ltd which too is a Mauritius incorporated company. Acropolis Trade is held 100% by Adani Global Investment DMCC, a UAE incorporated company. Adani Global is held 100% by AR Global Holding Ltd, a BVI incorporated company. AR Global is held 100% by another BVI incorporated company Amulya Resources Holding Ltd which is held 100% by Amulya Resources Family Trust, a BVI incorporated trust. By arrangement with https://investlive.net/.

Post By V S Fernando

@AmitShah

All Politics

“Punish Uddhav’s Betrayal By Ousting His Sena From BMC,” Roars Amit Shah

“Punish Uddhav Thackeray for his betrayal by winning at least 150 seats in the coming BMC election,” Union home minister Amit Shah has exhorted BJP workers during his two-day visit to the financial capital. He has assured all the support to Mumbai BJP from the party headquarters for capturing the Brihanmumbai Municipal Corporation. Shah told BJP workers on Monday that Uddhav had betrayed the BJP twice. In 2014, the Shiv Sena broke the alliance for a frivolous reason. In 2019, Uddhav joined hands with the Congress and the NCP. “This treachery can’t be tolerated. Teach him a lesson he will never forget. Oust the Uddhav Sena from the BMC and reestablish the Hindutva imprint in Mumbai,“ Shah said. Taking Uddhav to task for the rampant corruption in the BMC, Shah said it was time to make a change. To bring it about, every worker, office bearer, corporator, MLA and MP will have to take to the streets and mobilise the public opinion, Shah declared. The BMC has 227 electoral wards, which were earlier restructured by the Uddhav government in a bid to increase their number to 236 and to make them easier for the then ruling coalition. However, chief minister Eknath Shinde’s government has restored the earlier status. The BJP’s strategy planning will accommodate the Shinde faction, too, according to party insiders.

Post By Dilip Chaware

All Entertainment

The Truth About Big B’s Views On ‘Brahmastra’

Contrary to media reports about Amitabh Bachchan predicting that Ranbir Kapoor-Alia Bhatt starrer Brahmastra would bomb at the box office those close to the project have maintained it is otherwise. It is learnt that the senior actor gave his suggestions and director Ayan Mukerji took Big B’s feedback seriously and reshot a few scenes. Reportedly, advance collections in Jaipur, Indore, and Patna circuits have been good. According to insiders, Bachchan is one of those actors who prefers to be on the set even if his shot is not happening at that particular time. In the case of younger lots they are ensconced in their vanity van and enter the set only when “their shot is ready”. Big B, while waiting on the set, is known to give constructive suggestions and at times even gives cues to his co-stars if he is not in the frame. Aryan cleared the air while on an informal chat with the media that Amitji would be the first person to take his position during the shot and hang around the camera giving cues. It may be recalled that Amitabh had differences with Farhan Akhtar and Tinnu Anand while working for their films which was eventually sorted out. One of the reasons for stories doing rounds about the failure of Brahmastra could be Amitabh’s absence from its promotion.

Post By Entertainment Editor

All Politics

Siblings As Rivals: Priyanka Gives Rahul's Rally A Miss

Congress leader Rahul Gandhi’s address at the “Halla Bol rally” against price rise on September 4 turned out to be a damp squib. Partymen found the speech tad boring as it dwelled more on Rahul’s insecurities. Like his troubles with the ED over doubtful transactions in the National Herald case involving Rs 5,000 crore scam. Instead of focusing on issues of people, Rahul talked about how he had been grilled by the ED for 55 hours. The big takeaway from the rally was that for the first time differences between Rahul and his sister Priyanka came out in the open. It was unimaginable that Priyanka skipped the rally, though some of her cut-outs were spotted at the venue. Amidst speculations whether Priyanka had returned to Delhi or not, there was a buzz how the sulking sibling had decided to finally speak her mind. It is being said in the midst of ongoing party polls, Priyanka who is in-charge of UP is keen to take over as Congress President. Both Rahul and Sonia want Priyanka to keep away. They are backing Ashok Gehlot as Congress President. Priyanka is being backed by leaders from south states that will go to assembly polls. Some of her backers like Acharya Pramod Kishan have openly batted for Priyanka as the only Congress leader who is capable of taking on PM Modi in 2024.

Post By Lakshmi Iyer

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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