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Last week, as Congress leaders protested against Union Home Minister Amit Shah’s so-called “anti-Ambedkar” remark in Rajya Sabha, Rahul Gandhi joined his party MPs in a blue T-shirt, giving up his trademark white polo T-shirt. His sister Priyanka also twinned with him wearing a blue sari. Clearly the Gandhi siblings opted to go for a very visual protest against Shah’s remarks. The choice of the colour of clothes of the Leader of Opposition (LoP) — usually spotted donning plain white T-shirts raised eyebrows. The colour blue has been associated with Dalit politics since 1942, when Dr BR Ambedkar established the Scheduled Castes Federation to campaign for the rights of the Dalit community. The body adopted a blue flag featuring Ashok Chakra. The flag was later retained by the Republican Party of India (RPI), founded by Ambedkar in 1956. Over time, blue became very closely associated with Dalit identity and activism. Even political parties like the Bahujan Samaj Party and the ASP, which champions Dalit welfare, embraced blue colour in their branding. As the Gandhi siblings lead the protest, it was the choice of colour of their clothes that caught everyone’s attention!
The Winter Session which saw a two-day discussion on the 75th anniversary of the Constitution and introduction of One Nation One Election (ONOE) Bill has come to a close. It brought out sharp divisions over discussions and bills at least in two political parties — the Congress and DMK. In the Congress, if a first term MP Priyanka Vadra was seen opening the discussion on the Constitution in the Lok Sabha, for some reason senior leader and eminent lawyer P Chidambaram did not get an opportunity to have his say about the Constitution in the Rajya Sabha. In the DMK, there was a clear division of views between the DMK parliamentary party leader TR Baalu and deputy leader Kanimozhi. While Baalu endorsed the government’s offer to refer the Bill to the Joint Parliamentary Committee, Kanimozhi seemed completely surprised by his stand and insisted that her party was opposed to the Bill and demanded its withdrawal.”DMK has consistently opposed the entire Bill. We do not accept that there can be ONOE because it is against the Constitution. It is against federal rights and it is against the will of the people. People choose state governments for 5 years, I don’t think you can take that right away from the people and give it to the EC to decide how many years governments can last or not. So, this is completely against the state, against federalism” said Kanimozhi. While her stand reflects TN assembly resolution passed in February against ONOE Bill this year, the media is awash with reports about how her late father Kalaignar M Karunanidhi had highlighted the benefits of simultaneous polls in his autobiography Nenjuku Neethi. Incidentally, Karunanidhi had advanced state polls to 1971 to coincide with LS polls.
The Thursday (Dec 19) visit of BJP and Shiv Sena (Shinde) MLAs to the RSS headquarters in Nagpur has become a hot political topic though there are other reasons, too, for intense politicking. Firstly, the MLAs belonging to the Nationalist Congress Party (NCP) led by deputy chief minister Ajit Pawar did not join the event. Secondly, those disgruntled due to their non-inclusion in the council of ministers have started expressing their anger openly. Like earlier two occasions, Ajit Pawar and most of his followers distanced themselves from the visit organized by chief minister Devendra Fadnavis. The presence of former CM Eknath Shinde and his MLAs proved to be another highlight. However, the discontent brewing within Mahayuti on other counts is now becoming more vocal. Political heavyweight Chhagan Bhujbal was the first to articulate it. His open criticism of Ajit Pawar surprised many since he had stayed by the side of Pawar all through. Now, there are reports that some of Bhujbal’s supporters want him to join the BJP to end his political wilderness. So far, Bhujbal has maintained that he is with the NCP (Ajit). The other notable leader to become the subject of political speculation is the legislative council’s deputy chairperson Neelam Gorhe. Her detractors, mainly the recent Sena (UBT) entrant Sushama Andhare, have started hinting at Gorhe’s plans to go with the BJP. Gorhe, too, has not reacted to the talk. Ajit’s sudden disappearance for two days from the winter session only added grist to the grapevine. His explanation that he was down with a throat infection is hardly swallowed. More murmurs are expected to be heard once Fadnavis announces the allocation of the portfolios.
The Shiv Sena led by Uddhav Thackeray has started preparing for the Brihanmumbai Municipal Corporation (BMC) election, expected to take place early next year. This will be the fight for political survival for Thackeray because the Sena has been in power in India’s richest civic body since 1985. Taking stock of the situation, other political parties, too, have begun their planning. The picture this time will be fundamentally different since the BJP has emerged as the largest party in the state after the assembly election. Its estrangement with the Sena (UBT), which split in 2022 owing to Eknath Shinde’s decision to walk out of it, will be a major factor in the coming election in which the Congress will be an insignificant player, given its lacklustre performance in Mumbai and the state as a whole. Equally exasperating is the condition of the state Congress committee as its president Nana Patole is perceived as an ineffective leader by the rank and file. The BMC’s last election saw the Sena winning 84 seats in the 227-member house while the BJP had captured 82. Owing to the alliance ethics, the BJP had made no effort to bag the mayoralty of the financial capital of India. However, the BJP is not prepared to take any chance this time and a decision about its Mumbai president is likely to be taken soon. Sitting chief Ashish Shelar is among the hopefuls though his inclusion in the council of ministers could be a decisive factor in the final choice.
This was to happen one day or the other with the Pakistan Cricket Board (PCB) putting its foot down saying it will not send its national teams to India for any signature event of the ICC, like the World Cups in the two formats in men, women and the juniors. This was the PCB’s riposte to the long-standing BCCI position — citing security concerns — that it will not send its team across the border for the ICC Champions Trophy 2025 and that it will play only at a neutral venue. For three World Test Championship (WTC) the two nations have taken themselves off the Future Tours Programme (FTP). The cricketers of the two countries may enjoy good relationships when they lock horns in neutral country venues and have fans across the border, but the Indian government has been steadfast in denying permission to the BCCI. The latest communication from the ICC has confirmed that in the 2024-2027 cycle all ICC events given to India and Pakistan, the matches featuring the two countries will be held at a neutral country chosen by the host country; in the Champions Trophy case the PCB is the host. What all this means is the elimination of high security arrangements that India had to do when Pakistan played last year’s World Cup matches in Hyderabad, Bengaluru, Chennai and Kolkata. It took hard bargaining by the PCB with the ICC — with Jay Shah in Chair since December 1, 2024 — for it to agree to a hybrid model in order to ensure that it remains the host in a neutral country venue as well and where India will play and this country is said to be the United Arab Emirates.
The massive success of Pushpa 2, has reignited the debate over screen allocation in West Bengal’s single-screen theatres. While the blockbuster continues to dominate the box office, its stronghold has created challenges for four Bengali films— Khadaan, Shontaan, Chaalchitro, and 5 No. Swapnamoy Lane—which targeted Christmas Day for their releases. The overlap has sparked a heated controversy over securing adequate slots in single-screen theatres, which remain a key audience base for Bengali cinema. Single-screen theatres across Bengal are grappling with the balancing act of accommodating these films while catering to the massive demand for Pushpa 2. Tollywood’s Christmas lineup has been significantly impacted, with producer-actor Dev expressing frustration on social media. He alleged that Khadan’s shows and advance bookings were disrupted due to the overwhelming presence of Pushpa 2. Arijit Dutta, owner of Priya Theatre, reported dividing slots among the films: Khadaan (two shows), Chaalchitro (one), 5 No. Swapnamoy Lane (one), and Pushpa 2 (one). However, veteran actor Mithun Chakraborty’s Shontaan was left out entirely, sparking outrage from its director Raj Chakraborty, who criticized the lack of consistent support for Bengali cinema. A distributor, speaking anonymously, blamed the simultaneous release of multiple Bengali films during the festive season, suggesting a lack of coordination among producers. He pointed to Bollywood’s strategy of staggering releases as a model Tollywood could emulate. Star Theatre owner Joydeep Mukherjee called for better planning within the Bengali film industry to avoid internal competition. Interestingly, allegations have resurfaced about Shontaan‘s producer, pressuring hall owners to prioritize its films. This history has led some distributors to side with independent producers in the current clash.
Sunday’s swearing in of 33 (16:9:8 ratio for BJP, Shiv Sena, NCP respectively) mostly young cabinet ministers in CM Devendra Fadnavis’ 3.0 government was not followed up by expected portfolio allocations even late Thursday (Dec 19). The unrelenting clamour for one specific portfolio by a senior BJP minister-in-waiting (in apparent conflict of interest), aspiration to improve upon earlier performance in power sector by another are in the open awaiting the Maha Chanakya to coolly decide upon. Scribes housed at the state government ‘Suyog’ facility within the Family court premises near Vidhan Bhavan enjoy the Nagpur chill over familial evenings at ‘Sneh Bojans’ hosted by these as-yet ‘Anamika’ ministers. DCM Eknath Shinde’s camp brews hostility from left out veteran MLAs and cherry-picking ministers-in-waiting who threaten boiling point anytime soon. This is unlike the chill that has set upon the near deserted NCP office at Vidhan Bhavan sans activity, notwithstanding the bustling beehive of activity right outside and within the state legislature that is hosting its winter session. It is probably the first time in Maharashtra’s political history for such an ongoing legislature session without specifically assigned ministers manning questions on the floor of the state assembly and council while responding to public interest issues of state. For now, all portfolios rest with CM Fadnavis. NCP veteran Chhagan Bhujbal, Sena’s Tanaji Sawant complain vociferously from out in the cold even as some BJP MLAs rue their bad luck despite winning big in Mumbai city where the richest civic body will face the hustings very soon.
The events outside Parliament House that led to injuries to two BJP MPs was best summed up by FM Nirmala Sitharaman in her X post. She explained how “During the INDI Alliance’s protest inside Parliament premises today, Rahul Gandhi had forcefully pushed an MP, causing a domino effect that injured 2 BJP MPs –Pratap Sarangi (Balasore, Odisha) and Mukesh Rajput (Farrukhabad, UP)” Both the MPs are now hospitalised as they have sustained head injuries. Union Agriculture Minister Shivraj Singh Chauhan was surprised that the Congress had so far not even bothered to say sorry. “I was wondering what was the purpose of Kharge-Rahul Gandhi’s presser, if they can’t say sorry. Our Nagaland MP, a tribal woman leader Phangnon Konyak had voiced discomfort that was caused to her by Congress leader Rahul Gandhi.” She has written a letter to the RS Chairman. Adding further he said, “We feel Rahul simply does not deserve to be the LoP. When the Opposition is holding a protest, we usually take another gate. What was the need for Rahul Gandhi to wade into the area where BJP MPs were standing? He should simply quit as LoP.” BJP MPs including Anurag Thakur and Bansuri Swaraj filed a complaint against Rahul Gandhi at the Parliament Street Police station in connection with the scuffle between Opposition and NDA MPs. It is learnt that security forces repeatedly requested the Congress MP to use an alternative path, specifically arranged for a peaceful entry into Parliament. However, Rahul Gandhi declined the request. BJP’s Thakur said “The kind of attitude Rahul Gandhi has, he thinks he is above the law.” Responding to the allegations, Rahul said BJP MPs were trying to stop him and were threatening him “
Home Minister Amit Shah whose intervention in discussions on the 75th anniversary of the Constitution sparked off a row and seemed to have majorly united the Opposition. Leader of the Opposition in the Rajya Sabha and Congress President Mallikarjun Kharge charged him of insulting Dr BR Ambedkar.. He accused his rivals of being “anti-Ambedkar” and “anti-Constitution”, and “spreading lies”. In his concluding remarks in the Rajya Sabha, Shah sarcastically said, “It has become the fashion to say ‘Ambedkar, Ambedkar, Ambedkar…’ If they (the opposition) took God’s name so many times, they will get a place in heaven.” At a Press Conference, he charged the Congress of distorting his comments in the Rajya Sabha saying the Congress had put out an edited version of his speech. “I come from a party which follows the ideals of Ambedkar,” asserted Shah.” Rebuffing calls for his resignation by Kharge, Shah made it clear that he had no intention of stepping down. “Kharge is asking for my resignation. If that will make him feel happy, then I’ll give it. But the Congress has to sit in the opposition for at least 15 more years. “In an unusual move — perhaps underlining the impact of the Opposition’s attack on this issue — PM Modi and senior ministers rallied behind Shah. “If the Congress and its rotten ecosystem think malicious lies can hide their misdeeds of several years, especially their insult towards Dr Ambedkar, they are gravely mistaken!” said PM Modi. Amidst this, PM Modi and Shah met Rahul Gandhi and Kharge to appoint the next NHRC chief. TMC leader Derek O’Brien has moved a privilege notice against Shah in the Rajya Sabha for his remarks on Dr Ambedkar.
Ravichandran Ashwin was adroit in bowling the carom or knuckle ball or the doosra, but on Wednesday afternoon, Brisbane time, the nonconformist off-spinner of 13 years in the big league of the game deployed the “bombshell” to bring an end to his illustrious career. At the conclusion of the rain-marred third Test at the Gabba, the finger spinner with a few sobriquets, “scientist” being the most used among the media, Ashwin sitting beside his beleaguered captain, Rohit Sharma, matter of fact said: Today (Wednesday, December 18) was his last day as an international cricketer across formats and that he will be seen in action in club cricket, meaning IPL etc. The seasoned campaigner, starting his Test career in November 2011, was capped 106 times, and he missed 25 Tests after his debut; he featured in 61 wins, 47@home and 14 overseas. He read the writing on the wall about him losing the primacy as the No 1 spinner of the team in flannels after Washington Sundar was chosen for the first Test in Perth. Then being dropped to bring in Ravindra Jadeja for the third Test in Brisbane convinced him that his time was up…to hang up his boots. The home series against New Zealand that India lost 3-0 was a bitter pill to swallow for him. His numbers — 765 wickets in the three formats, including 537 wickets in Tests alone speaks of his right to be called a legend. It was a bold, practical call to take a bow while not in the field and that was an unhappy part that Indian cricket could not give one of its icons a fitting farewell. Ashwin has perhaps shown the way for a few more to bid adieu, sooner than later! They are over the hill, indeed.
An effort is being made to revive trams in Kolkata city in this era of climate change. Known for its heritage value, trams made their maiden journey way back in 1873, as horse drawn carriages. Today, Kolkata is the only city in the continent operating trams. The revival of trams is part of the action plan under the National Clean Air Programme (NCAP) for Kolkata. Several urban transportation experts and activists, along with NGOs, attended the discussion and made it clear that mindset and lack of political will have hindered sustaining trams in Kolkata and not the availability of funds. They pointed out how eco-friendly trams play a key role in transportation in most global cities. “If the government wants, it can explore the option of using NCAP funds and funds for electric vehicles, as the tram is the mother of electric vehicles,” explains Anumita Roy Choudhary, air pollution expert from the Centre for Science & Environment (CSE), Delhi. At present, only 10 trams ply on two routes in the city, as against 185 trams on 37 routes a decade back. Is the state government listening?
Uttarakhand may soon have an international airport. The state government is set to submit a proposal to the Union civil aviation ministry for setting up an international airport for which it has already identified two locations measuring 1,200 hectares and 1,100 hectares. A pre-feasibility for upgrading the Pantnagar airport, located near the Jim Corbett Park, to an international airport is also said to be ready. The BJP government is making a pitch that an international airport is needed in the state, considering its spiritual, historical and strategic importance. Better connectivity will boost tourism and bring in the revenue that the hill state needs.
Krsnaa Diagnostics Ltd, one of the fastest growing players in the diagnostics space, plans to launch 600 diagnostics centres across India. With this, the Pune headquartered diagnostics player, with a pan-India presence, will strengthen its footprint across Maharashtra, Himachal Pradesh, Punjab, West Bengal, and Rajasthan, spreading across metros, Tier 2 and Tier 3 cities. The centres will be equipped to offer specialised services in precision medicine, genetics, genomics, and molecular diagnostics, along with the routine investigations of biochemistry and serology. The Rs 500-crore company (listed on BSE and NSE) started its journey in 2011 with two radiology centres and is present today in 16 states with 2000-plus centres across India. It has differentiated itself not only by offering quality services in radiology and pathology, but has also focused on the public-private partnership (PPP) segment, where it serves underpenetrated and underserved areas by collaborating with private healthcare providers, including corporate hospitals and trust hospitals.
Welspun One Logistics Parks, a pan-India integrated fund, development and asset management platform, a part of the $3.5 billion Welspun Group, has signed an MoU with Guidance, the Government of Tamil Nadu’s nodal agency, for investment promotion and single window facilitation. This is towards setting up warehousing facilities across Tamil Nadu. The projects will be executed by Welspun One Logistics Parks and will bring direct investments of around Rs 2,500 crore to the State. Under this MoU, a total of six projects have been proposed in the prime warehousing micro-markets like Hosur, Sriperumbudur and Tiruvallur; totalling a development potential of around 8 million sqft, to be built across a span of five years. Considering the tangible social and economic benefits that the investments entail, the state government has assured support in streamlining the approval processes and single-window clearances for Welspun-initiated projects to facilitate the overall ease of doing business. The Welspun group company, in turn, is determined to provide high-impact sustainable warehousing solutions by incorporating green infrastructure and an industry-led technology approach.
BP, a global integrated energy company, and Infosys, a global leader in next-generation digital services and consulting, have agreed to develop and pilot an energy as a service (EaaS) solution, which will aim to help businesses improve the energy efficiency of infrastructure, and help meet their decarbonisation goals. Infosys and BP intend to co-develop a digital platform that can collect data from multiple energy assets and use artificial intelligence to optimise the energy supply and demand for power, heat, cooling and EV charging. The companies will pilot the digital platform at the Infosys Pune Development Centre – in an environment that replicates a small city, where energy is generated, stored, and consumed at multiple points. Once the pilot is successful, they aim to roll this model out across other Infosys campuses in India, and with some clients, to help manage energy and help reduce emissions. In addition, the companies have agreed to collaborate on integrating solar energy production into the campus’ energy system. Energy that is generated through this integration, will be monitored and optimised by the digital platform and can be stored or redirected to the building power supply, heating and cooling systems, and also to an EV charging infrastructure.
Adar Poonawalla, the MD of Serum Institute Of India, is on a takeover spree. It recently took over Magma Fincop (AUM as on June 30 was Rs 14,250 crore) for an undisclosed amount. The company has been renamed Poonawalla Fincorp. It is already infusing capital and repricing loans. It has drawn up plans to grow between 25-30% annually. Recently, it acquired a 50% stake in Schott Kaisa, a JV with the German company from its former owners Kairu Dadachanji and Shapoor Mistry. Schott is into pharma packaging goods including vials which are used in the distribution of vaccines. Insiders believe this is just the beginning and more inorganic growth avenues are being pursued to enable Poonawalla to diversify from vaccine makers to a multifaceted group with interests in finance, manufacturing across sectors and healthcare.
SEBI is said to be finalizing revised guidelines to pave the entry of private equity firms in the AMC business. Currently there are two to three mutual funds which are reportedly looking to get out at a decent price. L&T Mutual Fund is one of them. The 12th largest fund by the AUM size, L&T Mutual Fund manages Rs 58,000 crore worth of assets. IDFC Mutual Fund is another fund which is being eyed by the entrants wanting to get into the mutual fund space. They reckon with ESG schemes picking up, investors will be keen to look at avenues to park funds in these schemes. One of the potential private equity companies looking keenly at getting into the Indian mutual industry is Blackstone. It is believed that once regulators permit, they will be moving quickly to take a stake in the AMC of L&T and IDFC.
In this season of tech-driven IPOs, an older tech firm from the Tata stable is also readying for an IPO. Tata Sky, the DTH provider (which also has broadband service ambitions), has been around for over a decade and has been beaming bouquets of TV channels into homes across the country. Set up as a joint venture with Sky TV of the UK, then controlled by Rupert Murdoch, it has steadily expanded its coverage. And while competitor Dish TV may cater to more homes, Tata Sky, focusing away from the bottom end of the market, is way ahead in terms of revenues. It is now a mature business and ready for an IPO. After Murdoch sold Fox TV (but not Fox News) to Disney, the Sky holding had passed on to Disney. But India was the only country where Disney had a stake in broadcast distribution, and it did not fit in with Disney’s business. So, the IPO is an exit route for Disney. It will raise some money for the company and also give Tata Sons a liquid listed asset. The investment bankers are just being appointed to prepare the draft prospectus. This will be one more share issue likely to be lapped up by the public.
While Covid-19 gathers momentum and lockdowns stretch across the country, the vaccines are depleting as the production has not kept up pace with the demand. According to a source, the Hyderabad-based Indian Immunologicals Ltd (IIL) is working on a vaccine. Animal trials are underway and the new vaccine is expected to be ready for human use by next year. IIL makes over 150 products and runs one of the largest plants in the world for veterinary vaccines. Soon it is expected to make drug substance for Bharat Biotech, which makes Covaxin, say sources. IIL will make the substance for 2-3 million doses and scale it up to 6-7 million per month later in the year. Meanwhile, Panacea Biotech has commenced production of the Russian Sputnik vaccine.
Today, the main problem with RPower is the name of Anil Ambani, in whom the markets unfortunately have lost confidence. According to one source, if one looks beyond the name, all signs of a turnaround can be seen. The company is reducing debt by up to Rs 3 lakh crore this year, which means reduction in interest burden by Rs 300 crore per annum. People have missed the fact that now RPower has an operating portfolio of 5,960 MW (about 6 GW). It has, since the last two precious quarters, been able to come into consecutive profits. The total liabilities of RPower come to about Rs 22 lakh crore. The total assets of RPower, going by replacement cost theory of power sector (1 MW of Rs 10 crore) works out to Rs 60,000 crore worth of assets. Meanwhile, RPower, which was having issues in servicing debt in the past, has now been able to do so in the last three quarters, albeit slowly. It was wilfully defaulting on debt, so that debt restructuring can be done. Now, the company is doing everything to cut debt.
The fast-growing digitisation, buoyed by the present Covid situation, has been the key driver for surge in content consumption in recent months. This trend is expected to continue in the longer time-frame as well. In this changing scenario, Saregama India, India’s oldest music label owned by RP-Sanjiv Goenka group of companies, has aligned its content strategy quite well to ride on this digital wave. During 2020-21, while the revenue was down by about 15% to, say, Rs 435 crore, the company’s net profit surged by over 160% to Rs 113 crore plus. The company, formerly known as The Gramophone Company of India, which owns the largest music archives in India (one of the biggest in the world), has consistently increased the monetisation of its IP (music, films, TV serials) over the last 13 quarters or so. Saregama, which has also expanded into other branches of entertainment – publishing, film production and digital content – has seen its music licensing revenue in 2020-21 going up by 20%. Digitisation and low cost of data in India remains the primary growth drivers of content consumption. This is further fuelled by the increase in smart phones, the rising popularity of OTT and social media apps.
The Yusuf Hamied-led Cipla has been busy tying up with a US company. The non-executive chairman of $2.3 billion (revenue) generics maker Cipla’s US subsidiary Cipla Therapeutics and SIGA Technologies, Inc (SIGA), a commercial-stage pharmaceutical company focussed on the health security market, have entered into a strategic partnership to deliver sustained innovation and access to novel anti-bacterial drugs, particularly against bio-threats. On the development front, recently, the company had tied up with MSD (a trade name of Merck & Co Inc, Kenilworth, NJ, USA) to make, distribute investigational drug molnupiravir in India. MSD is developing molnupiravir in collaboration with Ridgeback Biotherapeutics and this agreement is a part of Cipla’s efforts to enhance global access to the treatment for patients affected by the pandemic. Meanwhile, Cipla, a global pharmaceutical company focussed on complex generics, is deepening its portfolio in the markets of India, South Africa, North America and key regulated and emerging markets. Globally, North America business grew by 6% year on year, led by continued expansion in market share of Albuterol and other assets along with growth in the institutional channel.
The steel industry is looking up and the domestic HRC prices rising by Rs 7,000 per tonne in April 2021 (they are trading at Rs 12,500 per tonne discounted to Japan landed prices) implies more head-room for price hikes. And, the PSU-run Steel Authority of India (SAIL) is in for a giant leap. According to a source, it has planned an aggressive expansion plan. The company’s plans were delayed by more than 10 years now, and were hurting its balance sheet. Not surprisingly, its net gearing increased from 0.04 times in 2010-11 to 1.35 times in 2019-20. With SAIL allowed to sell iron ore and, with most of its capex set to commission in 2021-22E, the source expects operating leverage to drive operating profit (EBIDTA) growth. One would recall that, way back in 2003-04, SAIL had launched its corporate plan for expansion and modernisation of existing facilities, aiming to increase its hot metal capacity from 12.7 tpa in 2003-04 to 20 tpa in 2011-12. In 2006-07, the plan was modified to target hot metal production of 25 tpa by 2009-10. As of now, SAIL has a capacity of 21 million tpa and its expansion cum modernisation plan is still ongoing. Also, in the past 10 years, projects have seen moving timelines. And, all this has affected SAIL’s balance sheet negatively.
Tata Nano had put firmly Tata Motors on the map as a passenger vehicle manufacturer. While initially received with rapture, it got sadly saddled with the label of a cheap car, which led to the slowdown and final phasing out of the model. But the perky little Nano may yet live another day. Within Tata Motors, there is talk –more than just speculation –that Nano may be rebirthed as a fully electric vehicle (EV). As a car of the future this will be sweet vindication of Ratan Tata’s vision.
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.