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Tatas Move Out Of Housing Space To Focus On Commercial Real Estate
The $128 billion Tata Group with 29 listed companies, has decided to rejig their real estate business. The new thinking of the management is to focus only on developing commercial properties and move out of housing development space. According to an informed source, Tatas, like other major corporations, are finding it difficult to manage consumer expectations in the residential property space; this business needs an owner driven approach with personal skin in the game to handle the daily challenges as well as managing individual consumer’s expectations. As part of the group’s restructuring process, the Tata group has already brought Tata Projects, Tata Consulting Engineers, Tata Realty and Infrastructure, and Tata Housing under a single umbrella in order to create a larger infrastructure vertical.  It has integrated its real estate development entity, Tata Housing Development Company – a 100% subsidiary of Tata Sons – with Tata Realty and Infrastructure. Reportedly, the group is also looking to invest Rs 1200 crores in acquiring land parcels outright and through joint ventures in major cities across the country for commercial development.
KLRahul
ICC WTC Final Team Selection Fever Will Grip Indians, Very Soon!
Around the first week of June the cricket world would have known the winner of the 2nd ICC World Test Championship to be played at The Oval. The contenders are Australia and India, currently the top two in the ICC Test Rankings, not the reason though for qualifying for the title match of the WTC, the ICC established to make every Test match relevant. Australia and India qualified after going through the two year cycle (2021-23) that saw 57 of the 69 Test matches played by nine countries deliver results. India has played 14 Tests at The Oval and won 2; the first in 1971 and the second in 2021. Australia has played 38 Tests at the London venue and has won only 7, losing 17 to England. From the India XI that outplayed England by 157 runs in 2021 the missing players would be Jasprit Bumrah (2 wickets apiece) and Rishabh Pant (9 and 50). There are certainties from the remaining nine, including K L Rahul who made 127, when India was in deficit by 99 runs. Shubman Gill too has arrived now. Fast bowler Umesh Yadav took six wickets at The Oval in 2021, can he be ignored? Mohammed Shami did not figure in that bowling attack, Ravichandran Ashwin too. The selection of the Indian team will make the faithful curious. These are early days, and no one wants another one to face the misfortune that has struck Bumrah and Shreyas.

TRENDS & VIEWS

Editor’s Note: Short Post Is Here To Stay…

Time, they say, flies—and how true that is. Here we are celebrating our 5th Anniversary. Five years ago, when Covid-19 was wreaking havoc across the globe, I took a leap of faith and launched Short Post, India’s first website for Authentic Gossip. That was on January 31, 2021. I was convinced there was a clear gap in the market for gossip that was credible, sharp, and impactful—especially if told in just 250 words.

In this, I was fortunate. Scores of senior editors across diverse verticals bought into the idea and, in the process, gave wings to my dream. Quite honestly, Short Post could not have crossed these milestones without the unflinching support of its contributing editors. Like all start-ups, we have seen our share of ups and downs, but these editors have stood by us like a rock. I take this opportunity to doff my hat to them.

Thanks to their commitment, we have published close to 5,000 stories spanning politics, business, entertainment, and sports. I say this with pride: we made our mark as people who matter read us. “Small packs, big impact” truly captures the essence of Short Post.

We all know that Covid-19 has reset businesses worldwide, and the media sector is no exception. In the post-Covid era, investors have become more cautious and selective—and advertisers too. To compound matters, the entry of AI has disrupted the media landscape in equal measure. So far, we have managed to hold our ground, hopeful that some angel investors will take a shine to us.

What gives me confidence is this: AI cannot smell news—especially the gossipy kind. In other words, AI cannot churn out Short Post-type stories, no matter the prompt. That puts us in a safe zone. As someone rightly said, “AI is a co-pilot, not a pilot.”