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Collage Maker-07-Sep-2022-05
With Kartavya Path, Will Modi Change Rules Of Engagement With Lutyens?
A day ahead of unveiling its Central Vista project, the Modi Government shed one more colonial baggage by renaming Rajpath as Kartavya Path. Known as Kingsway in honour of King George V, the arterial road connecting Rashtrapathi Bhavan and India Gate was built in 1911. The name change was formalized at a special session of the New Delhi Municipal Council on September 7 and it came a day ahead of Prime Minister Narendra Modi inaugurating the entire stretch that has been renovated under the ambitious Central Vista redevelopment project. The renaming is in keeping with PM’s Independence Day speech this year when he called for abolishing symbols that reflect the colonial mindset. In this renaming there is also a message to the ruling class “that the era of rulers and subjects is over”. Modi has been working on changing the landscape of Lutyens’ Delhi ever since his first 2014 mandate. In 2015, Aurangzeb Road was renamed APJ Abdul Kalam Road. In 2017, Dalhousie Road was renamed Dara Shikoh Road. Also, Teen Murti Chowk was changed to Teen Murti Haifa Chowk in 2018. The revamped Central Vista Avenue along the Rajpath will have state-wise food stalls, red granite walkways with greenery all around, vending zones, parking lots and round-the-clock security. The moot point is with the kartavya path will Modi change rules of engagement with the Lutyens?
Collage Maker-06-Sep-2022-01
Stranded Retail Investors Ask Why MNC Sold INEOS Styrolution Stake To Original Promoter At Hefty Discount
This is an unusual story of an Indian promoter selling his company to a MNC and buying back the same company from another MNC. In 1997, on the eve of ABS Industries’ Silver Jubilee, promoter Rakesh Agrawal sold his stake to Bayer AG which rechristened it as Bayer ABS Ltd. Now, in 2022, on the eve of the same company’s Golden Jubilee, Agrawal has bought back the same company now known as INEOS Styrolution India Limited (ISIL), controlled by a MNC — INEOS Styrolution — by paying Rs 645 crore for 61.19% stake. The parent company INEOS Styrolution, a global leader in styrenics, recently announced that it had entered into an agreement for the sale of its entire shareholding in ISIL to Shiva Performance Materials (SPM) – part of the Vadodara-based Shiva Group. Incidentally, the promoter-chairman of Shiva Group is Rakesh Agrawal. But, what’s surprising is MNC selling its stake to the original promoter at less than one-third the peak price? How did MNC agree for a price of Rs 600 for a stock which was quoting above that price for the last 20 months? Since the current market price of the stock is hovering above Rs 900, no retail investor is expected to tender their shares. Hence, the open offer has become meaningless.  Clearly, this below-the-market-price transaction has hit the small investor’s hard and the deal warrants market regulators’ attention. By arrangement with https://investlive.net/.
cuttputtli_review_
Cuttputtli Streaming On OTT Proves To Be Face Saving For Akshay Kumar
Cuttputtli’s release on OTT was actually a face saving for Akshay Kumar who has had series of flops like Laxxmi, Bell Bottom, Bachchan Pandey, Samrat Prithviraj Chauhan and Raksha Bandhan. Each of those films that bombed had a budget of around Rs 100 crore. Personally, it was no loss for Akshay as he charges fees and not percentage of profits as is the practice with some big stars. Trade experts feel that seasoned producer Vashu Bhagnani’s decision to release Cuttputtli on OTT was indeed a smart move. So is OTT a safe platform? Not really. Even Akshay, at the announcement of Cuttputtli‘s OTT streaming, said that this platform too needs audience approval. And he was bang on. There is a mixed reaction to the film on the OTT platform although the decision to go straight to OTT is economically safe for the makers. According to trade circles, the loser in this streaming deal of Akshay film is the OTT because a sub-standard film has been sold to them with makers and actors insulating themselves. Akshay Kumar has six to seven films in the pipeline and hopes he has realized that Ab thukpatti ka kaam nahi chalega. Trade experts have been saying that the 55-year old actor needs to carefully choose his subject and get into the skin of his character.
Collage Maker-06-Sep-2022-05
BJP Resolves To Wrest Baramati From Pawar Clan In 2024
If Amethi constituency was the focus of BJP’s 2019 Lok Sabha election campaign, the spotlight for the next LS election will be Baramati, the traditional stronghold of Sharad Pawar and family. “We will wrest Baramati from the Pawar clan,” declared Maharashtra BJP president Chandrashekhar Bawankule after visiting the prestigious constituency in Pune district. He said Union finance minister Nirmala Sitharaman has been entrusted with the responsibility and she will start touring the area soon to devise strategy to trounce sitting MP Supriya Sule, lone child of Pawar. Bawankule landed in Baramati immediately after Union home minister Amit Shah had addressed top BJP leaders in Mumbai on September 4 on how to plan for the coming elections in Mumbai and Maharashtra. Supriya will have to face a situation similar to what Rahul Gandhi had to encounter in Amethi. While Rahul lost very badly to Smriti Irani, taking on Supriya will be a formidable challenge for the BJP as the constituency has remained loyal to the Pawar family for decades. Pawar’s nephew Ajit has been elected to the legislative assembly from Baramati. The BJP’s strategy is to confine Pawar to Baramati so that he would hardly find time to campaign elsewhere in the state. Bawankule said, “We will win 200 out of 288 assembly seats and 45 out of 48 LS seats in 2024 in the state.”

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.