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In the wake of escalating face-off between the Chennai-based Tractors and Farm Equipment (TAFE) and its American partner AGCO over the ownership rights of Massey Ferguson in India, a two-member bench of the Madras High Court has stepped in to direct the warring parties to “maintain status quo until the original applications are heard and disposed of by the learned single judge. “For avoidance of doubt, we hasten to add that the observations made herein are tentative and solely intended for the purpose of disposing of these appeals. We have not delved much into the various rival submissions. All rights and contentions are kept open,” the two-member bench said in its order on Monday. The relationship between TAFE, an Amalgamation group company, and AGCO Corporation of the U.S. hit a nasty bump in April last when the AGCO management terminated commercial agreements -– including the one on licensing the Massey Ferguson brand — with TAFE. The Chennai firm quickly got a stay on this from a commercial court. When AGCO subsequently confirmed the termination, TAFE filed a contempt petition in the Chennai commercial court. Separately, TAFE also moved the Madras High Court, asserting its ownership right to Massey Ferguson brand. TAFE had got a favourable interim order from the Madras High Court. TAFE had filed a civil suit before the Madras High Court against Massey Ferguson Corporation, a subsidiary of AGCO, claiming that the said trademarks are distinctive of TAFE in India and exclusively owned by it. It had sought the Madras High Court to declare that TAFE owns the Massey Ferguson brand/trademarks in India. With the HC bench asking both parties to maintain status quo, all eyes are on the upcoming proceeding before the single judge. It is “advantage TAFE” at the moment, however.
With only 12 days remaining for the BCCI Secretary Jay Shah to take charge as independent chairman of the International Cricket Council (ICC), clarity has not emerged as to who would perform the duties of the Secretary from December 1, 2024. First and foremost, election has not been called for the post, and this could be because the BCCI Constitution has adequate provisions for its Joint Secretary to perform the Secretary’s duties. The BCCI Constitution says: “The President shall, in the event of a vacancy or indisposition of an office bearer, delegate the functions to another office-bearer until the vacancy is duly filled up, or the indisposition ceases.” In this case the BCCI President Roger Binny has the right to assign duties to any other office-bearer. Shah who has been the Secretary from 2019 may be allowed a grace period to hand over the work to someone else. Next week is going to be hectic for the ICC to take a call on the format and venues of the ICC Champions Trophy 2025 (Feb-Mar) because the BCCI has conveyed to the ICC that India will not travel to Pakistan. The BCCI, nay Jay Shah, would like to see a finality to the Champions Trophy issue, in particular where India will play before he takes charge of the ICC. If the Champions Trophy has to take place, the Pakistan Cricket Board has to accept a hybrid model with one group (with India in it) playing league matches, most likely in Dubai and keeping the venue of the semi-finals and final, open. The PCB may not be in a position to lose the hosting rights and thereby with it a fee of around $ 70 million!
The ‘Satta Bazaar’ is betting down (dampened market sentiments) over Maha Vikas Aghadi (MVA) forming Maharashtra’s next government. A market player says, “Punters have never been wrong before. Dampened stock market spirits indicate the Mahayuti Alliance is unlikely to win notwithstanding sops galore unleashed by CM Eknath Shinde.” Differing with market pundits, BJP says, “Markets crashed after Foreign Portfolio Investors withdrew Rs 1.25 lakh crore in October (out of total Rs 71 lakh crore total stock investments in India) seeking better pastures after China announced stimulus. FPIs sold Rs 8700 crore stocks in April, Rs 25,600 crore in May then bought Rs 26,600 crore worth in June, Rs 32, 400 crore in July, Rs 7300 crore in August and Rs 57,700 crore in September before the big sell off in October. Already overleveraged NSE slumped, the subdued corporate sector quarterly results after much hype triggered a profit-booking mindset among investors.” Donald Trump’s ascendancy as the next U.S. president (previous tenure witnessed negative bias towards precious metals) bodes badly setting price corrections of gold and silver even as the U.S. dollar firms up, adding to Indian stock market woes. The BJP leader adds, “Maharashtra contributes around 14% to India’s GDP but even when MVA ruled for 2.5 years Modi-nomics ensured high buoyancy on Indian bourses despite stalling of bullet train project, Rs 14,000 crore cost escalation of Metro project.” The market punter, however, cites India’s financial capital Mumbai in Maharashtra that ensures most Indian business gravitates around the state while explaining the gloomy market mood over MVA’s likely win. November 23 will reveal the truth when the political bets are finally called out.
In a massive setback to AAP, Delhi’s transport minister and Jat leader Kailash Gahlot resigned from the party, citing “grave challenges” and “awkward” controversies in a letter to AAP convener Arvind Kejriwal months ahead of Delhi Assembly polls. He has joined the BJP. Gahlot’s exit is well timed in the sense that it comes days before Maharashtra goes to polls. AAP, an INDIA Bloc partner that has no stake in the state polls. But it must be said Gahlot’s exit was something that was in the works for some time now. It is believed that the seeds of discord between Gahlot and the AAP leadership were sown on August 15 over unfurling the national flag during the Delhi Govt’s I-Day celebrations. Delhi CM Arvind Kejriwal, who was in jail on charges linked to the alleged liquor policy scam, had wanted Education Minister Atishi to unfurl the flag. Delhi Lieutenant Governor VK Saxena however felt Gahlot was more suitable for the job as he held the Home Department. Meanwhile, Kejriwal indicated that Gahlot had quit as he was under pressure from the ED and IT. In his resignation letter, Gahlot pointed to how “Political ambitions have overtaken our commitment towards people, leaving many promises unfulfilled”. In an apparent swipe at Kejriwal, he referred to “many embarrassing and awkward controversies like the “Sheeshmahal” — a term used by the BJP to refer to the CM’s residence renovated during Kejriwal’s term costing the exchequer Rs 45 crore.
A major controversy has erupted in Tollywood as over 233 directors from films, TV and independent media have filed a defamation suit against Swarup Biswas, president of the Federation of Cine Technicians and Workers of Eastern India. The Rs 23-crore lawsuit follows Biswas’s contentious remarks alleging rampant sexual harassment in the film industry, with 60% of complaints purportedly against directors and producer-directors. The hearing will take place on January 10. Swarup, the younger brother of Aroop Biswas, Bengal’s Power and Housing Minister and a close aide of chief minister Mamata Banerjee, finds himself at the centre of an unprecedented protest by Tollywood’s creative community. This is, perhaps, the first time that Tollywood has publicly challenged the Federation. Directors and producers have also criticized what they call “red-tapism” and “arbitrary demands” imposed by the Federation, including its control over unit sizes, pay scales, working hours, and technician selection. At the Eastern India Motion Picture Association’s (EIMPA) recent AGM, Swarup Biswas proposed that producers deposit Rs 5 lakh each as security to ensure timely technician payments, citing Rs 50 lakh in pending dues. Producers have outright rejected the demand, questioning the Federation’s accountability and EIMPA’s silence on the matter. Veteran actor-director Aparna Sen has publicly questioned Swarup Biswas’s credentials, asking for proof of his contributions to the industry. Biswas holds an assistant director’s card, which is reportedly issued only to those involved in at least two films. Actor-politician Roopa Ganguly also criticized the Federation, accusing it of politicizing the industry and questioning why filmmakers often seek the CM’s intervention during crises.
If rising onion prices decided the election outcome in many states some decades ago, falling soybean prices could impact the outcome in around 70 assembly constituencies in Maharashtra. Hence, Prime Minister Narendra Modi as well as Congress president Mallikarjun Kharge, representing two ends of the political spectrum, are found promising farmers of much higher rates, but only after they are elected on 20 November. The sensitive constituencies are spread in Marathwada and Vidarbha regions, where cotton and soybean are the main cash crops. The current market rate of Rs 4000 per quintal is unacceptable to the growers though they have no choice but to sell the produce as it can’t be stored for long. The MSP is Rs 4800 but not enough stocks are lifted by the machinery. The ruling saffron alliance has been promising better tariffs. The government hiked the soybean import duty in a bid to jack up the prices but the hike was of only around Rs 400, still leaving a gap of the same amount. Sensing the distress and the government’s inability to make any major announcement, Congress leader Rahul Gandhi has promised Rs 6000 per quintal of the legume. To go a step further, Congress president Mallikarjun Kharge has pledged to pay Rs 7000. Shiv Sena leader Uddhav Thackeray has also joined the chorus. The two regions had by and large supported the opposition Maha Vikas Aghadi during the Lok Sabha election. Hence, Mahayuti leaders are wary of saying anything that can dampen their prospects.
Are the re-runs slowly becoming a revenue model both for producers and exhibitors who have been grappling to bring back the audiences to cinema halls? Diwali turned out to be decent but then again we are gone back to re-release of films. Shah Rukh Khan’s Veer Zara re-release has been appreciated. Rakesh Roshan plans a re-release of Karan Arjun with a huge number of screens after 30 years of its release. This again has Shah Rukh Khan and Salman Khan coming together for the first time on screen. SRK’s Kal Ho Naa Ho and Pardes too are re-releasing in cinemas. Those in the trade feel that re-release of Tumbbad, Rehna Hai Tere Dil Mein and Laila Majnu have given courage to producers to cash on re-runs. The re-runs have stirred both excitement and curiosity. Traditionally, re-releases were reserved for timeless classics, but now more recent films are being revived, prompting questions: Is this trend purely nostalgic, or is there a deeper strategy at play? According to Trade Analyst Saurabh Varma, the re-release phenomenon is benefiting the cinema industry in multiple ways. For producers, re-releasing films is a cost-effective option. The marketing and distribution expenses are far lower than for new releases. Re-releases tap into the large fan bases of iconic films, giving long-time fans a chance to relive their favourite stories on the big screen. Furthermore, these revivals provide a unique opportunity for younger viewers who may have missed these films during their initial release. The combination of nostalgia and iconic music resonates deeply with audiences.
It’s a drivetrain solution provider for windmills and industry applications. Every one out of three drive train products installed across the globe bears the brand name of this one. Truly, this German major has traversed quite a long way and undergone a major metamorphosis in the process. One-and-a-quarter-century-old Bocholt-headquartered Flender has significant presence in India. Not surprisingly, the top management team of Flender was in Chennai a few days ago. The presence of the top honchos was more to reiterate the commitment of Flender to India. After all, it has been in India since 1961. It now has three production sites — one each at Kharagpur (WB), Chennai (TN) and Walajabad (TN). Around 10% of its nearly 9,000 skilled personnel across the globe are housed in India. And, it has been putting more money into this country since 2020. Why not? For one, India is the right choice for all those who are looking for the China Plus One option in the post-Covid era. For another, the focus world-over is now increasingly on sustainable development. The robust ecosystem — the presence of assorted turbine makers and a well-evolved supply chain — according to its India CEO Vinod Shetty, is ideal suited for Flender to aspire for a bigger role in driving energy transition in the country. Indeed, Flender is quietly expanding its India operations for a bigger role in its global game plan.
Tamil film producers and their financial backers are now rethinking this model — big money, big stars, big projects but no guarantee that it will reap profits. So the new strategy…safe and secure than spend thrift and sorry. Can small budget films do big business? A resounding yes to three of 2024s baby budget films that warmed the cockles of producers’ hearts. Three films of this year, Lover, Lubber Pandhu and Vaazhai have pulled in amazing profits and massive margins. Lover’s budget was a mere Rs 5 crore, and plus other expenses added the total cost to Rs 6 crore. Hold your breath! It made a profit of Rs 13 crore. But Lubber Pandhu (Rubber Ball), a title that would have gone unnoticed, made the biggest rake in for Prince Pictures who earned Rs 35 crore in TN gross alone — 300% profit. Vaazhai was no sneeze over either…it brought Rs 12 crore profits in TN. Film making costs and exhibition/promo expenses can zoom up dangerously, and after paying the incredible star salaries, if the film’s overflow is modest, stakeholders have no insurance cover to fall back on. Small is big is fast becoming the new open sesame for Kollywood to stay safe.
Veteran leader Sharad Pawar finds commonality between Vote Jihad and a particular section of the people voting for the BJP. Explaining his stand, the NCP founder said it was seen in Pune that the BJP was consistently supported by a certain segment (read Brahmin) in some areas. We expect this to happen though don’t call it Vote Jihad, he remarked. According to Pawar, if such voting patterns happen, it is the right of every community to vote as per its choice. He again charged that deputy chief minister Devendra Fadnavis had raised the issue of Vote Jihad. Pawar’s jab was directed at those specific areas of Pune where Brahmin population is dominant and mostly BJP candidates are elected from such localities. Time and again, Pawar has been accused of creating the bogey of caste with an eye on electoral gains by engineering a rift between sections of the electorate. In support of his contention, Pawar said slogans like ‘batenge toh katenge also fall in the same category as they have a communal shade. He alleged that the issue has been cropped up by the ruling dispensation as it is desperate at the bleak prospect in the assembly election, after the Lok Sabha rout. Fadanvis had condemned the Vote Jihad philosophy after cleric Sajjan Nomani released a list of the Maha Vikas Aghadi candidates and asked the Muslims to vote for them.
Former BJP MP Poonam Mahajan’s implication that a conspiracy was behind her father Pramod Mahajan’s murder has stirred the polity. The serious statement made before private Marathi TV channels has come at a time when her party is fighting a pitched battle with the Maha Vikas Aghadi to retain power in Maharashtra. BJP boss Pramod Mahajan was killed by his brother Pravin almost two decades ago. Poonam had maintained silence about the tragedy all these years. She was elected to the Lok Sabha in 2014 and 2019 and was expected to run for a third term. Hence her disclosure at this juncture is interpreted in different ways but none in favour of the saffron party. Poonam’s assertion that her family relations with Uddhav Thackeray have remained unaffected has added to the speculation since all top BJP leaders, including Prime Minister Narendra Modi, regard the Shiv Sena leader as Enemy No 1. Poonam’s charge that she was refused nomination this time for the Lok Sabha election since her work was disliked by ‘someone in Maharashtra’ has deepened the suspense created on the eve of Modi’s and Union home minister Amit Shah’s visit to the state for campaigning for Mahayuti candidates. Her target is deputy chief minister Devendra Fadnavis, according to BJP insiders. Poonam’s veiled warning that she will write to the Union home ministry to throw light on Pramod’s demise has only added to the BJP’s discomfiture.
Firebrand politician Chhagan Bhujbal has rejected the statements attributed to him by journalist Rajdeep Sardesai in his latest book, 2024: The Election That Surprised India by threatening to initiate legal action. According to the book extracts published by Marathi daily Loksatta, Bhujbal had conceded that he, along with many other MLAs, had gone with the BJP in 2022 to extricate himself from the clutches of the Enforcement Directorate (ED). According to the published version in the daily, Bhujbal said, “All were happy for aligning with the BJP since the ED’s harassment had ended.” Maharashtra deputy chief minister Ajit Pawar and some prominent leaders of his Nationalist Congress Party (NCP) were on the ED radar at the time. There have been persistent allegations that the cases against them are not pursued ever since they decided to join the Mahayuti government in the state. Bhjujbal pointed out that most of 54 MLAs belonging to Sharad Pawar’s NCP had followed Ajit out of the party though ED cases were against only a few. Secondly, he was acquitted from the Maharashtra Sadan matter when Uddhav Thackeray was the chief minister. Finally, he decided to go with Ajit in the interest of development. “My assembly constituency has been sanctioned Rs 2000 crore worth development works,” he claimed. The Loksatta version had said that Bhujbal opted for this course since he was scared of going back into ED custody at the age of 75. “I made no such statement,” Bhujbal has insisted.
Andhra Pradesh deputy chief minister Pawan Kalyan, an ally of the ruling TDP and the BJP, censured state Home Minister Anitha Vangalapudi for not taking adequate action to curb crimes against women and children. Accusing her of “incompetence”, he warned that he would be forced to take over her portfolio. The warning came amid a spike in crimes against women and children. Of course Anitha refused to be alarmed by the harsh comment and viewed Pawan Kalyan’s words as encouragement and not criticism. “I have taken his comments very positively. I have a responsibility”, she declared. She admitted that Kalyan could be disturbed by the incident in Tirupati where a four-year-old was raped and strangled to death by a relative last week. Anitha, 45, who gave up teaching to join politics in 2013, has herself been a target of obscene messages and trolling on social media. The TDP minister is a two-term MLA from Payakaraopeta (SC) seat. Interestingly, while addressing a rally in his Pithapuram constituency, Pawan Kalyan warned Anitha about the law-and-order in the state while heaping a lot of praise for UP CM Yogi Adityanath’s record in combating crime in his state, which recorded 65,743 cases of crimes against women in 2022 — the most of any state in the country — according to the NCRB. Kalyan known to play the Hindu card also met with Union Home Minister Minister Amit Shah recently and handed him some Kondapalli tribal craft which have GI tag.
The entry of super star Vijay into politics seems to have shaken the foundations of several political parties in Tamil Nadu. Every political party in TN pivoted 360 degrees –how would it affect their fortunes? Ironically, the November issue of India Today published India’s Power Pantheon list of the 20 most power wielding politicians … .and guess what, TN chief minister MK Stalin is ranked 8th after PM Narendra Modi, Mohan Bhagwat, Amit Shah, Rahul Gandhi and others. Despite Stalin’s ideological speak not reaching pan India, he has made his voice heard in the power echelons of Delhi, with 22 Lok Sabha MPs, 10 Rajya Sabha MPS, having won all 39 constituencies in the 2024 Lok Sabha polls cornering 70% vote share. Now this is the kind of power that Vijay wants to move and shake with his just minted outfit. Vijay himself a green horn with ambitions of turning into a second MGR who made history challenging Stalin’s father the late Kalaignar by founding the AIADMK. Without naming Vijay, Stalin said in his recent meet at his constituency, Kolathur, anybody can start a party and claim lofty status. But it needs years of experience and powerful DNA. As a counter to Vijay’s rally where 3 lakh plus people showed up, it is learnt that Stalin has asked DMK workers to make his son’s Udhayanidhi’s birthday on 27th November unforgettable by organizing a massive youth rally. Clearly, it is sending out a message to Vijay’s Tamilaga Vettri Kazhagam that the DMK means business.
An upset PM Narendra Modi has discussed with Home Minister Amit Shah and other top security officials why terrorist attacks have increased in Jammu and Kashmir. With a surge in encounters in the Kashmir region, intelligence agencies have told the PMO that some of the highly trained terrorists operating in the Jammu region might have shifted to the Valley ahead of the winter season when the high mountain passes will shut due to heavy snow. Intelligence agencies believe that the terrorists operating in parts of J&K are battle-hardened and are trained on the Afghan front. Most of these ultras also carry U.S.-made M-4 carbines, which suggests that the arms of NATO, which were left in Afghanistan, have fallen into the hands of terror groups based in Pakistan. In the recent past, the Kashmir region has witnessed attacks on non-locals, gunfights with security forces and even an ambush on an Army vehicle on October 24, which left two soldiers and two porters dead. The ambush was similar to the ones that took place in different parts of the Jammu region during the past year. The new trend in which highly trained ultras are conducting attacks has left the security and intelligence apparatus in a tizzy. Major terror attacks in the Jammu region started on the first day of 2023 when seven villagers were killed by armed ultras in Dhangri village of Rajouri. After that, multiple attacks and ambushes were reported from different corners of the Jammu region.
Is there a tussle between Amit Shah and Yogi Adityanath over appointing the next DGP of UP police? Not really. Yet Uttar Pradesh’s move to enact a law to appoint the state’s DGP at the local level, bypassing the existing Union Public Service Commission (UPSC) process for such appointments is being viewed as a political contest within the BJP fold. This at a time when UP would not be the only state with a law to appoint the top cop. Punjab, Telangana and Andhra Pradesh already have such laws. The Yogi-led state Cabinet has approved Appointment Rules, 2024, which provides for an independent mechanism to select the DGP through a committee headed by a retired High Court judge. The selection committee will also consist of the Chief Secretary, a UPSC representative, Uttar Pradesh Public Service Commission chairman or nominee, Home Department additional chief secretary or principal secretary and a retired state DGP as members. The new guidelines say that a person, to be eligible for selection, must have six months of service left on the date of creation of the vacancy — a provision, SP chief Akhilesh Yadav signalled, could favour UP’s current acting DGP Prashant Kumar. Kumar is close to Yogi. Politics apart, UP rules conform to the SC’s landmark 2006 judgment in the police reforms case filed by retired UP DGP Prakash Singh. The SC had in 2006 clarified that its directions on the matter would apply only until the Centre or the state enact their legislation on the subject. Until 2006, DGPs were appointed arbitrarily. UP itself has only appointed ad hoc acting DGPs for three years.
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.