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Tata realty
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: 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.