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Sunny-Varkey
GEMS Education Scouting For Partner
The Gulf-incubated GEMS Education, run by second generation entrepreneur, Sunny Varkey, is on the lookout for a long term partner, failing which it will go for an IPO. The $ 6 billion valued GEMS, is the largest non-Government operator of private kindergarten-to-grade-12 schools in the world, teaching 140,000 students from 175 countries. Morgan Stanley and Goldman Sachs have been given the mandate to find a long term partner for GEMS by mid-2023. The hunt for a partner follows private equity firm CVC’s decision to exit its over 30% stake in the world’s largest private school operator. According to informed sources, ADQ (Abu Dhabi Developmental Holding Co) and real estate developer Alder have shown interest in GEMS. Sunny Varkey, who started in the healthcare business, later moved to run GEMS started by his parents. Varkey in a recent interview stated that he has no plans to relinquish majority stake in the company. In fact, he stated that he would prefer long term partners like sovereign wealth funds, infrastructure funds or even pension funds. And if the current exercise to find a long term partner fails, then the group will have no option but to go in for an IPO.
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Rahul Gandhi Takes Digvijaya's Outburst In His Stride, Dismisses It As "Ridiculous"
Wayanad MP Rahul Gandhi has shown how much he has worked on himself through the Bharat Jodo Yatra. A day after senior party leader Digvijaya Singh’s utterances questioning authenticity of India’s surgical strikes on Pakistan, Rahul pretty much displayed how he has evolved as a political leader. Reiterating his utmost respect for the Indian Army, he described Digvijaya Singh’s views as ridiculous, outlying views. “We are absolutely clear that the Armed Forces do their job exceptionally well and they do not need to provide proof of that,” he said in his remarks to the media in Jammu. When asked if the controversy had undone good work of his Yatra, Rahul said: “I think the yatra has achieved something fundamental and very powerful. What the yatra has done already and this cannot be changed now, it has shown that there are two visions of India. One is a hate filled, arrogant, cowardly vision and other is love filled, embracing, and brave vision”.  As for Digvijay, Rahul said, “I am sorry to have to say this about a senior leader, he said a ridiculous thing.” However, the only time Rahul seemed elated was when a question about a BBC documentary on PM Modi was asked. He said “no amount” of banning the press and using institutions like ED and CBI against people can suppress the truth from coming out.”
Devendra
Uddhav Closed Door For Talks, Planned To Jail Me, Alleges Fadnavis
“The Uddhav Thackeray government had hatched a conspiracy to jail me,” Deputy chief minister Devendra Fadnavis said while making several sensational disclosures, inviting immediate refutation from the opposition Maha Vikas Aghadi leaders. Fadnavis also indicated that Maharashtra Governor Bhagat Singh Koshyari’s term had still two more years and he could remain in the post if he wished. But Koshyari himself had been expressing the desire to retire, nobody has asked him to step down, DCM said. Speaking at a tete-a-tete programme on a news channel, Fadnavis revealed that then commissioner of police Sanjay Pandey had been tasked to arrest him. “However, the police could not touch me since I had done nothing wrong,” he said. Fadnavis complained that Uddhav Thackeray had himself closed the doors of Matoshri for him. “We were together in government for five years from 2014. But after the 2019 election, Uddhav even refused to accept my telephone calls,” he told a questioner. Former home minister Dilip Walse-Patil denied the accusations. There was no plan to incarcerate Fadnavis, he said while taunting Fadnavis. Shiv Sena (U) leader Ambadas Danve also dismissed the charges and reminded Fadnavis that the present government had sent to custody leaders like Sanjay Raut and Anil Deshmukh while it was trying to send some more leaders including Anil Parab of his party and Hasan Mushrif of the NCP
HOCKEY
India’s World Cup Woes In Hockey Continues!
Hope and ambition has turned into despair and anguish for the Indian men’s hockey team that was predicted to work wonders at the FIH Odisha Hockey Men’s World Cup in Bhubaneswar and Rourkela. Former stalwarts had gone to the extent of saying that the team will finish among the top three. But as it transpired India did not show the gumption to defend a 3-1 score, allowed New Zealand to restore parity and eventually lost in a shoot-out finish. The team that won the bronze medal at the Tokyo Olympics last year had looked a world class side, but it could not brush aside the challenge posed by the Kiwis which was beaten 0-4 by Germany and 2-3 by Malaysia in the Group matches. The team came short on penalty corner conversions, but the experts are probably right in saying that India ought not to have frittered away the 3-1 advantage. It was a shock defeat because no Indian side had lost to New Zealand in the previous six clashes starting from July 2018. Odisha which has spent over Rs 1,000 crore to host the World Cup, and the State’s chief minister Naveen Patnaik must be a touch disappointed with India’s defeat in the PQF. Many  believed that India would actually win the World Cup after 48 years. But it’s once again a sob story.

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.