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With Titan Europe Exiting Wheels India Eyes Bigger Pie In The Global Market
Covid-19 has indeed re-jigged the world of business. And, it has realigned relationships as well in several instances. For some, this has turned out to be a new opportunity. One of the big things that happened last year at India’s largest auto component manufacturer Wheels India was the exit of Titan Europe by selling its stake to TVS group. With its exit, Wheels India, part of the TVS Group, can now sell all its products anywhere it wants. When Titan was around, the Chennai-based company had restrictions on where it could do business. A quarter of its turnover comes from exports. Having got out of the Titan bandwagon, Wheels India, led by managing director Srivats Ram, is now feeling free and is very much keen to explore its new found-freedom internationally. It is now eyeing a bigger pie in the global space. And, it has quietly moved toward realising this. A Rs 140-crore cast aluminium wheel plant is, in fact, the result of the de-risking strategy of a U.S. customer who has already committed off-take. A windmill project is currently underway. This too is the consequence of a strategic partnership with a windmill supplier who has decided to build a global base for his product in Chennai. A good portion of its Rs 100-crore capital expenditure will go into this new wind mill plant.
bombay_jayashri
18 Celebs Auction Six-Yard Saris, Raise Hope For Covid-Hurt Artistes
Covid-19 has turned life topsy-turvy for everybody. For practitioners of classical art especially, the past few Covid-hit months have been excruciatingly painful. With Sabhas in Chennai, the Mecca of Carnatic music, shut and no live concerts, the artists have been caught in a pincer-like situation. On the one hand, their income flow has stopped. On the other, their live connection with the audience, too, has snapped. More than anybody else, the disadvantaged artists are worse off. These tough times call for mutual empathy and sympathy. Well, the pandemic has seen top female artistes in this part of the world coming out to aid fellow-artists who are in distress at the moment. Funds for the folks, and disadvantaged folks, at that! This is an initiative facilitated by Panchavarnam Silks. Eighteen top female artistes from the world of classical music and dance (Aruna Sairam, Bombay Jayashri, Sowmya, Chitra Visweshwaran, Sudharani Raghupathy, Priyadarsini Govind, Nityasree Mahadevan and others) have donated a six-yard sari each to help this cause. The saris were put on auction. The money thus raised will go to support the disadvantaged artistes and their families in these stressed-out times. These aren’t yards of fabric. Well, these 18 have given yards of hope to their fellow-artistes.
raghuram_aravind_narayan
Is Tamil Nadu Chief Minister Stalin Wooing The Brahmins?
Dravidian politics is hard to comprehend. Often, it is riddled with inconsistencies. How else could one interpret the composition of the just-announced economic advisory council (EAC) for Tamil Nadu? The MK Stalin-led government of the DMK has set up a high-profile EAC comprising Nobel laureate Esther Duflo (Massachusetts Institute of Technology), Raghuram Rajan (former Governor of Reserve Bank), Aravind Subramanian (former Chief Economic Advisor to the Centre), Jean Dreze (Development Economist) and S Narayan (former Union Finance Secretary). Who said DMK is anti-Brahmins? Well, the just- formed EAC has three Brahmins – two high-profile ones at that! Rajan and Subramanian, in particular, turned much bigger than the institutions they headed. Narayan is all too well known in the political and bureaucratic circles in Tamil Nadu. If these three have roots in Tamil Nadu, the other two are rank outsiders. Not surprisingly, tongues have started wagging. DMK is a party which has vociferously articulated the cause of reservation in higher educational institutions and government jobs. In the formation of the state’s highest policy-advisory body, the DMK regime of Stalin appears to have quietly overlooked its own relentless demand for reservation for dalits, backward classes and the like. Is there a paucity of talent within Tamil Nadu? Inconsistency is the sign of development, it said. DMK has embarked on a growth path, it appears.
cement_builder
Rising Cement Price Puts Stalin Govt In A Spot As Builders Lobby Play Victim Card
The MK Stalin-led DMK government in Tamil Nadu has just finished a month in office at Fort St George. But it has already come under intense flak from Opposition quarters. The reasons are not far to seek. Escalating cement prices has put the DMK government in a tight spot. The builders’ lobby has turned hyperactive now and accused the cement makers of competitive collusion. Builders have claimed that the retail cement prices have increased by 13% to Rs 520 a bag of 50 kg from Rs 460 in May. Of course, the builders’ lobby have also come down heavily on steel makers for rising prices. Now, the rising cement prices comes as an unsolicited stick to needle the nascent Stalin regime. Put on the defensive, the Stalin government has sort of sought to correct the `recalcitrant cement industry’ through discussions. The builder lobby has always projected itself as the victim in this cement price game. Never once did the builder lobby come out with any explanation for zooming flat cost! Often, politics (read politicians) ignores the hard economics of any business. How to cement this irreconciliation? That is hard to visualise in Dravidian politics.
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Will Oxygen Leadership, New Political Dynamics Resuscitate Sterlite Copper TN Plant?
Sometimes, bad times unexpectedly bring good tidings for some. Almost pushed to the realm of history, Sterlite Copper, part of the Anil Agarwal-controlled Vedanta Group, has suddenly started breathing. Closed for a few years now in the wake of a police firing that killed close to a dozen people outside its plant at Thoothukudi (Tuticorn earlier) in Tamil Nadu, Sterlite Copper virtually got the oxygen when the Tamil Nadu government complied to a court directive to let the plant produce medical oxygen to meet the shortage caused by the deadly Second Wave of pandemic. No doubt the environment (read political) has changed in the Dravidian land with the return of the DMK to Fort St George. But the Corona-induced health dynamics too have brought a change in the anti-Sterlite sentiment in the State. Insiders indicate that the Sterlite Copper team has all of a sudden undergone a major metamorphosis at the top. Vedanta has reportedly named an old-timer Kishore Kumar as the new CEO of Sterlite Copper. The incumbent CEO, Pankaj Kumar, who navigated the Sterlite Copper during its tough phase is believed to have called it quits. Along with him, a top functionary has also reportedly resigned. What surprises long-time watchers of Sterlite is the suddenness with which the changes are made at the top. The top-level re-jig, especially the timing and suddenness of its implementation, has taken everybody completely off-guard.
KV Ramani
After Software Exports, KV Ramani Bets On Education With Sai University In Chennai
A soft spoken person, he is now ready to demonstrate his wares afresh. Indeed, he is unfolding a new future. Well, KV Ramani of Future Soft fame is now venturing out to set up a brand new private university. Established under the name and style of Sai University, it is aimed to integrate three fundamental pillars of education – learning, research and societal impact. The 104-acre campus in Chennai has been designed with an eye on maintaining a balance between modern aesthetic and cultural heritage. Ramani, the founder and chancellor of Sai University, played no small role in India achieving a pre-eminent place in the global information technology space. He was a co- founder of the IT industry body National Association of Software and Service Companies (NASSCOM), and served as its chairman during 1997-98.  Ramani is currently the CMD of Digital Holdings and the founder and managing trustee of Shirdi Sai Trust. A hugely successful technology entrepreneur, he is a prominent philanthropist now. He joined IBM as a graduate engineer in 1970. Later, he went on to found Future Software in 1985. He also co-founded Hughes Software Systems, a telecommunications software company in India, as a joint venture with the US firm Hughes Software in 1990. The board of Sai University comprises some illustrious names. Well, a new innings has just commenced for Ramani. For a man with a kind heart, providing quality education is not just a passion but a mission too.

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.