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ShriramGroup
Shriram Finance Ties Up With Paytm, TPG India Mulls Re-Entering The Group Via Housing Arm
The happenings in the Chennai-headquartered financial services group Shriram have been hitting the headlines ever since the mega restructuring of its ownership some time ago. Post the revamp, Shriram Finance has emerged as the country’s largest retail asset financing non-banking finance company. Shiram has hit the news yet again. It has announced a new partnership with One97 Communication Ltd, the owners of payment app Paytm.  Under the arrangement, Paytm will facilitate digital credit for merchant and consumer loans from Shriram Finance. The duo is expecting the partnership to herald a new and wholesome digital loan experience for merchants whose credit needs remain largely un-served.  The tie-up with Paytm comes even as Ajay Piramal’s company and TPG India Investments (a private equity player) cashed out of Shriram Finance by selling their holdings of 8.34% and 2.64% respectively, a few days ago. The Piramals may have to cash out its investment in the insurance business of the Shiram group in the wake of their acquiring Dewan Housing Finance Ltd, which too has an insurance arm. It is learnt that the Piramals have already been in discussion with the top leadership of the Shriram group to find an exit option for its insurance investment. In the midst of hectic happenings around the Shriram group, TPG, which has just exited Shriram Finance, is reportedly toying with the idea of investing in Shriram Housing. Well, Shriram appears to be an irresistible conglomerate!
TSSinghDeo
Uneasy Truce Between Baghel-Deo In Chhattisgarh; Gehlot Not Ready For Such A Truce In Rajasthan
With the appointment of TS Singh Deo as the Deputy Chief Minister of the Chhattisgarh government ahead of state elections due by the year-end, has the Congress secured possibilities of winning back the state? Deo who had initially announced he would not contest the 2023 elections and had even given up panchayati raj portfolio was seen as sulking as he was not made CM as initially promised. Congress leadership naturally panicked. Deo had delivered all the 14 tribal dominated Sarguja region seats in the 2018 assembly elections. In June 2021, the rivalry between CM Bhupesh Baghel and Deo surfaced briefly after Baghel completed two-and-a-half years as CM. Congress sources give credit for bringing rapprochement between Baghel and Deo to new AICC in-charge Kumari Selja.  She apparently was not biased towards the CM unlike previous AICC managers like PL Punia and decided to work on getting Deo back on board. Baghel-Deo truce could be fragile as Baghel, a prominent OBC face, decided to push his own tribal face from Sarguja region– Nand Kumar Sai — a former BJP leader who had joined the party as recently as in May. Congressmen feel Sai at 77 is too old. Meanwhile, one hears Rajasthan CM Ashok Gehlot is literally dragging his feet to reach a compromise with his squabbling deputy Sachin Pilot. Summoned by party chief Kharge to reach Delhi for a meeting on July 3, Gehlot is feigning a foot sore. Looks like CMs are learning a lot from Mamata di about how to fake it!
Indo_Pak match
With Navratri And Wedding Season, India-Pakistan Clash Will Rake In Big Moola In Ahmedabad
Call it “rake the moola”;  that’s the name of the game in the hospitality industry in Ahmedabad,  the most favoured destination for the marquee matches of the ICC World Cup to be played in India from October 5 to November 19. After the World Cup schedule was announced on July 27 in Mumbai, the room tariffs across star hotels skyrocketed, with many travel agency apps displaying “sold out or not available” messages.  The biggest match of the 48 will take place at the Narendra Modi Stadium on  October 15 (the first day of Navaratri), when the arch-rivals India and Pakistan lock horns, which has a potential billing for around one lakh spectators plus.  Rough estimates have put the hospitality industry to run a turnover close to Rs 1000 crore, with Ahmedabad set to host the opening game (England v New Zealand ), the India v Pakistan match, Australia v England,  South Africa v Afghanistan and the final.  With spectators likely to travel from the USA and UK for the Navratri festival and the wedding season, the home town of India’s Prime Minister and Home Minister is all set for a gala time. The World Cup final of 2011 returned Rs 22 crore to the Mumbai Cricket Association from gate receipts; 12 years later, the Gujarat Cricket Association with a lakh-plus capacity will laugh its way to the Bank!
RN_Ravi_002_twitter
Tamil Nadu Governor Ravi Must Go
The Centre may have realised that the Tamil Nadu Governor RN Ravi must be shifted out. He has exceeded his brief of taking on the DMK government with his ill-considered timing of dismissal of the minister accused of high graft – V Senthil Balaji. Having made several trips to New Delhi to consult lawyers on the Constitution, the Governor seems to have been carried away in his mission of putting down the MK Stalin government. In his actions, the Governor seems to have been guided by a one-point agenda of embarrassing a government that enjoys the confidence of the public, irrespective of an image of high corruption that is creeping in, thanks to the operations of fundraisers like Balaji with key portfolios. After having sought legal opinion, the Governor dismissed the minister without portfolio in haste and the Centre may have to pay the price in terms of the sympathy wave that is gaining ground in the State for the DMK seen to be suffering from the highhandedness of the Centre in its dealings through the Raj Bhavan. In creating this embarrassing situation in which the Home Ministry had to tell the Governor to seek the Attorney General’s opinion on the powers of a Governor to dismiss a minister, however obnoxious a personality, Ravi may have bitten off more than he can chew. Expect a transfer sometime soon.
ShivSena
All Out War: BJP To Target Thackeray, CM Shinde To Supplement
The BJP is said to have decided to target the Thackeray family in the days to come. The Shiv Sena under chief minister Eknath Shinde will supplement the onslaught. The first salvo will be fired by the Shinde-Fadnavis regime on 1 July, the day selected by Uddhav Thackeray supporters to take out a morcha to the civic headquarters. Alleging massive malpractices in the various contracts awarded by the administration, the Thackeray faction has started making preparations for the coming civic election, likely to be held after the monsoon this year. The morcha will be the first step in this campaign. To take out the shine from the protest march, the Shinde loyalists have announced that Aaditya Thackeray’s closest friend Rahul Kanal will join the Shiv Sena on that very day. Rahul has already left the posts he held under Aaditya and has also quit the WhatsApp group of that circle. Even a bigger surprise is in the waiting, Shinde’s followers have started whispering. Though Shinde himself has adopted a low profile, deputy chief minister Devendra Fadnavis has indicated that the Thackeray family will face some drastic action in the near future. In an interview to Republic TV, Fadnavis went all out against Uddhav and warned him that police officials are collecting evidence necessary to file a chargesheet. He also discounted any possibility of a patch up with Uddhav.
Kamal hassan_rahul_mani
Has Kamal Hasaan Mastered The Art Of Riding Two Horses?
Is Kamal Hasaan, a part time politician and full time film star or is it the other way round? Ever since he floated his party Makkal Needhi Mayyam in 2018 and cast himself as a significant political force, this question has been raised often. His party did not win a single seat in the Tamil Nadu Assembly election in 2021, little wonder he persisted in riding the elliptical of films and politics. Vikram’s success gave new life to a mothballed Indian 2 with ace director Shankar bent on repeating the success of the first Indian. Out of the blue, Kamal has been offered a meaty role in the prestigious director Nag Ashwin’s sci-fi Project 2 with Amitabh Bachchan, Prabhas, Deepika Padukone and Disha Patani. His rumoured remuneration for the film is Rs 20 crore. Recently, he gave a cheque to TN’s first woman bus driver Sharmila. Driving a private bus on the Coimbatore-Somanur route Sharmila was over the top when two women VIPs — Vanathi Srinivasan of the BJP and DMK MP Kanimozhi — travelled in her bus. But, the bus owner was unhappy with the publicity and Sharmila lost her job. Even as Kanimozhi, the DMK’s alter ego leader promised her a job, Kamal stepped in. Wags are now busy speculating that Kamal is already in election mode for 2024. Riding two horses simultaneously is a rare talent.
Civic officer slap
BMC Officials Get Caught In Internecine Sena Rift: IAS Officer Gets ED Raid, Another Gets Slapped
Government officials working in India’s wealthiest civic corporation, the Brihanmumbai Municipal Corporation (BMC) are facing the brunt of being caught in the crossfire of Shiv Sena’s internecine conflict. Having ruled the BMC for over 25 years without a break has meant that, both the Shiv Sena factions — Uddhav Thackeray and Eknath Shinde — have immense understanding about the nuances of how BMC works. With the result that they are adopting every trick in the book, to use the BMC to get back at the other. Amidst allegations of close aides bagging multi-crore Covid deals and Covid procurements done at inflated costs,  an IAS officer and former additional commissioner of BMC, was raided by the Enforcement Directorate (ED) and found having assets worth Rs 100 crore. Soon afterwards, demolition of a 40-year-old party office of the Uddhav Thackeray faction at Bandra East, led to party workers slapping a civic engineer. Officials now fear a spike in pressure tactics as the BMC elections inch closer. Uddhav is no stranger to this business of (mis) using the BMC official machinery for his political fights. He had similarly used the BMC’s offices to get back at opponents supporting the Bharatiya Janata Party (BJP) like actress Kangana Ranaut or Navneet Rana or Mohit Kambhoj by initiating action for illegal alterations. Even Radio Jockey Mallishka wasn’t spared of BMC notices for poking fun at the potholed roads of Mumbai.
shankar Mahadevan
Shankar Mahadevan Academy Forges Ties With Birmingham City University
Fifty-five year old accomplished singer-composer Shankar Mahadevan has been awarded a honorary doctorate by Birmingham City University (BCU) in recognition of his outstanding services to music and the arts at a special ceremony held at the University’s Royal Birmingham Conservatoire. He was also presented with a bespoke medal made by students at the University’s renowned School of Jewellery. A student ensemble who performed at the ceremony led by Dr Radhika Balakrishnan, a Carnatic classical vocalist and BCU’s first-ever Indian Council for Cultural Relations Chair in Indian Studies who is also a teacher at the Shankar Mahadevan Academy has helped Mahadevan to strengthen his ties with the University. Mahadevan has expressed a keen desire to join hands with BCU and form a tie-up between his Academy and the University. To support Mahadevan’s vision and mission none other than Ustad Zakir Hussain, renowned tabla player, composer, and percussionist, and John McLaughlin, legendary guitarist and a pioneer of jazz fusion joined him on stage and also participated in an impromptu jamming session with the University students to the delight of the audience. Professor Philip Plowden, Vice Chancellor at BCU said: “Shankar is also an educational innovator who believes in making the best tuition available to talented aspiring musicians. We are honored to have the opportunity to formally bring Shankar into our University community.”

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.