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Ahead of PM Narendra Modi’s meeting with the U.S. President Donald Trump next week, both the Houses of Parliament erupted in protest over the manner in which 104 illegal Indian immigrants from the U.S. landed in Amritsar in a U.S. military aircraft– shackled and restrained. External Affairs Minister Dr S Jaishankar sought to downplay the issue and said that such expulsions were routine. “It has been there for years. Hundreds of Indians have been deported annually, with figures ranging from 530 in 2012 to over 2,042 in 2019,” Jaishankar informed the Rajya Sabha. He pointed out that handcuffs were used on deportees since 2012. Asserting that it was “the obligation of all countries to take back their nationals if they are found to be living illegally abroad”, he said efforts were being made to talk to deportees to track agents who sent them. The Opposition felt the government must stand up to the Trump Administration just as Columbia had done. “Why can we not fly back our citizens just as Columbia had done?” asked CPI(M) MP John Brittas. Colombia balked at the U.S. military flights and sent its own Air Force jet to pick up 110 deported Colombians. U.S. deportation flights are not new but the use of military flights is new, with the agency previously using commercial and chartered flights to deport people. Congress MP Shashi Tharoor said while the U.S. may have a legal right to deport people who are illegally in their country, “but the manner in which it was done, in handcuffs, squeezed into a military aircraft, in such an abrupt manner, is not acceptable.” He pointed out how under the Biden administration last year, 1100 Indians were deported but there was no such humiliation.
In his reply to the Motion of Thanks to the President’s address in the Lok Sabha, PM Narendra Modi was at his aggressive best as he savaged LoP Rahul Gandhi. From mocking the Congress leader and two members of his family for becoming MPs — mother Sonia and sister Priyanka — at the same time to turning “certain spaces into personal museums”. He was referring to the manner in which the Gandhi family maintains control over Indira Gandhi Memorial and had refused to share documents pertaining to the Rajiv Gandhi era with the Prime Ministers’ Museum. The PM said we have established the Prime Ministers’ Museum, where the legacy of every Prime Minister—from the first to my predecessors—has been honoured. “I urge their family members to visit it.” Taking a swipe at the three Gandhis who are all MPs, Modi said, “I pose an important question to the citizens through this House — have there even been three MPs simultaneously from the same family of SC community? I also ask, tell me if there ever were three MPs simultaneously from the same family belonging to the ST community…” There is a vast difference between their words and actions. However, the harshest jab was when Modi felt leaders have compulsions to raise questions on foreign policy to be taken seriously — he was referring to questions raised by both Rahul and Samajwadi Party chief Akhilesh Yadav on tensions with China. He asked them to read Bruce Riedel’s book JFK’s Forgotten Crisis— as it details discussions between India’s Nehru and the U.S. President John F Kennedy, revealing how foreign policy was handled during challenging times and the games played in its name. Congress leaders are apparently not amused by this suggestion.
Congress bossman Rahul Gandhi told Parliament that External Affairs Minister Dr S Jaishankar’s USA visit only sought an invite for PM Narendra Modi for the U.S. President Donald Trump’s oath ceremony. Jaishankar refuted RaGa’s averments, without revealing the true purpose after having accomplished never before witnessed outcomes. Highly placed sources reveal, “India’s MEA secured distinction of only nation’s representative holding bilateral discussions with the newly installed U.S. government both, before and after, official transition of power.” Dr Jaishankar didn’t elucidate beyond dismissing Gandhi’s tall tales to the Lok Sabha, but actually established grounds for PM Modi to ink U.S. deal for technology transfer regarding fifth/sixth generation fighter engines deliberately kept in abeyance over two years by erstwhile Biden administration. India will be on par though F35 fighter was doled out to Pakistan and, even poised to counter Chinese aviation capabilities with next generation fighters. Dr Jaishankar also held discussions with newly installed FBI director Kash Patel, National Intelligence Director Tulsi Gabbard over sensitive issues regarding Indian nationals targeted by earlier dispensation. Another positive outcome: Funding cut off for Gurpatwant Singh Panun, separatist pro-Khalistani rebel, creating aviation scares in India through threats of blowing up Indian commercial airliners. More covert results were achieved to become apparent sooner than later even as Rahul Gandhi termed Dr Jaishankar’s international statesmanship as mere kow-towing to U.S. hegemony.
Ever since mid-January when Bihar CM Nitish Kumar was accompanied by his son Nishant Kumar at a political function in Bakhtiyarpur, there has been a buzz that the JD(U)leader’s son would be taking a political plunge. The event was to pay tributes to freedom fighters, including Nitish’s father Ram Lakhan Singh, who too had participated in the freedom movement. Soon after the function, 50-year old Nishant, the only child of Nitish and his late wife Manju Sinha, told the local gathering that his father had put Bihar on the fast track of development and appealed to them to make him CM again. Nishant’s appeal came in the midst of reports that he was keeping indifferent health and had reduced public interaction. An engineer by training, Nishant had so far kept away from public glare. Raised by his mother, he is known to have spent time away from his father and dabbled in spiritualism. He came to live with his father only after his mother passed away in 2007. Those who have known the JD (U) supremo personally as well as politically feel with an indifferent health Nitish may no longer be in a position to even oppose entry of his son into politics much as he has always opposed dynastic politics. A section of JD(U) dominated by Kurmis is reportedly rooting for Nishant’s entry to perpetuate Nitish Kumar’s legacy; this section doesn’t care if it fits with Nitish Kumar’s vision of politics. It is being argued that JD(U) can’t survive without Nitish’s legacy. As for those competing against the towering stature of Nitish Kumar in Bihar — both the BJP and RJD — are also keen that a bumbling newbie and dynast Nishant does take the plunge and salvage JD(U). Ahead of assembly polls, JD(U) is likely to witness a churn.
What goes out seems to return to the same place. Well, how else could one view the unfolding scenario. Reports suggest that Aditya Birla Group-owned UltraTech Cement is in advanced talks to acquire Heidelberg Cement India. Heidelberg Cement India is the subsidiary of HeidelbergCement Group, Germany. It entered India in 2006 with the acquisition of erstwhile Mysore Cement, Cochin Cement and a JV with Indorama Cement. The company has plants at Damoh (MP), Jhansi (UP), and Ammasandra (Karnataka). If this acquisition happens, UltraTech may get Zuari Cements as well, which is a part of the Heidelberg Group. In such an eventuality, the Sitapuram plant of Zuari will also come under UltraTech. The Sitapuram plant was once with The India Cements (ICL). The India Cements got the Sitapuram plant as a bonus when it acquired Raasi Cement many years ago. Subsequently, India Cements sold the Sitapuram plant to Zuari to raise funds. The Parli grinding unit of India Cements, it may be recalled, was acquired by UltraTech. Since UltraTech has taken over India Cements, the Parli grinding unit has technically returned to its original place (since India Cements has now become a subsidiary of UltraTech). Well, the world is small after all. And, the world is indeed round!
An estimated 30% of the IAS administered Indian bureaucracy actively considers the VRS option. According to well-placed sources, “Last three years registered a spurt in the number of pending applications to exercise the VRS option, most officers still having over five years of service left. The handsome pension amount appears lucrative to many, including those put on notice by the Union government (and respective state governments like Maharashtra) for low productivity, efficiency and delinquent public service.” Majority of the pending applications seek the cushy handshake option, while those who fell foul of GOI evaluation parameters were told to consider exit plans sooner than resignation options later. Prime Minister Narendra Modi’s 1.0 and 2.0 tenures (between 2014 and 2024) had witnessed not only weeding out of senior officials through shortening of tenures under government service but also witnessed the lateral entry of professionals and industry domain specialists into government service. Similarly, several officials continue to perform government service notwithstanding their respective retirement from service due to their diligent and outstanding performance till retirement to include Pravin Pardeshi (CEO of MITRA). Others like former Chief Secretary of Maharashtra Dr Nitin Kareer are also expected to be tapped for active post-retirement service to the nation, sources reveal. As pen-pushing, non-productive Babus opt for early retirement the Maharashtra IAS fraternity anticipates similar cleansing of Maharashtra’s state secretariat that may be on the cards once again.
After all the hype over the low-cost DeepSeek artificial intelligence from China that seemed to be threatening the earlier model, doubts have begun to surface, at least in India, about its ability to continue posing a challenge to ChatGPT in the long term. The new app, which became the most-downloaded free app on the iOS App Store in the U.S. a fortnight after its launch on 10 January 2025, resulted in a steep fall in the share price of the more established Nvidia. While various users and reviewers have hailed it as a harbinger of the “global AI space race”, experts here are raising the old question of the longevity and reliability of anything made in China, especially when it is priced at a fraction of others in the same space. Says one leading infotech player, expressing the opinion of many in the field: “Like any data from China, nobody knows the real cost — it may be a whole lot higher than those incurred by Open AI.” Drawing a parallel with renewable energy, this expert points to a record 11 Gw of wind turbines commissioned years ago with turbines in almost all remote areas but no connection to the grid. “Renowned global consultants based in China whom I have met, always take any data from the Chinese government or otherwise from China with a pound of salt,” he adds. “It is perhaps disruptive news to pull the U.S. down. Let’s wait and see.” The Chinese company, established in Hangzhou, Zhejiang in 2023, is owned and funded by Chinese hedge fund High-Flyer, which develops open-source large language models (LLMs).
In recent times, Bollywood has seen a noticeable shift, with many newcomers struggling to leave a lasting impression on audiences. This decline can be traced back to a variety of factors, including the selection of projects that fail to resonate with viewers. Gone are the days when iconic films like Betaab, which introduced Sunny Deol or Rocky which launched Sanjay Dutt, captivated audiences and launched the careers of these stars. So too Jackie Shroff with Hero. In contrast, today’s newcomers like Suraj Pancholi, Siddhant Kapoor and Sasha Agha find themselves lost in films that do not provide them with the platform to showcase their talents effectively. The recent film Azaad featuring Aaman Devgan and Rasha Thadani serves as a case in point. Aaman Devgn, nephew of Ajay Devgn has struggled to make a significant impact, while Raveena Tandon’s daughter Rasha Thadani managed to capture some attention with her performance. Many of the films do not offer the newcomers a fair opportunity to shine; often focusing more on star power than on storytelling. For instance, in Azaad, the narrative centres around the titular horse rather than the lead pair, which diminishes the impact of the human characters. This misalignment can lead to a lack of engagement from the audience, making it difficult for the actors to connect with viewers. Aaman’s performance, despite being camera-friendly, lacks the emotional depth and histrionics that are often necessary to truly engage the audience. In contrast, Rasha stands out with her strong screen presence and impressive dance moves, showcasing a talent that could potentially elevate her career. Ultimately, even when a film does not resonate with audiences, a standout performance can create opportunities for newcomers to prove themselves.
The England captain Jos Buttler did not mince words on the matter of fast bowler Harshit Rana replacing Shivam Dube as the like-for-like “concussion substitute” in the fourth Twenty20 international in Pune. The scoreboard will show left-hander Dube having scored 53 off 34 balls with 7x 4s and 2x6s – a fine performance that went a long way in India posting a stiff 181 in 20 overs after being rocked by Saqib Mahmood’s three-wicket burst in his first over. It was Dube’s first international match in eight months. Rana, who replaced Dube after India chose to use the “Concussion substitute” rule at the innings break, ended up with flattering figures of 3 for 33, sending down his full quota of four overs. Rana took the wickets of Liam Livingstone, Jacob Bethell and Jamie Overton – all capable of giving the ball a solid whack. A pertinent question that cropped up was whether “Rana was a like-for-like’’ replacement for Dube, particularly as a fast bowler. In his previous 33 matches, Dube had sent down 45.3 overs and taken 11 wickets with a 3 for 30 as his best against Bangladesh in Nagpur in 2019. He did not bowl in 11 matches and went wicket-less in 15. Buttler disagreed with “Rana coming in for Dube” and wondered if Dube’s bowling speed had shot up by 25 miles per hour or if Rana’s batting had improved. On the face of it, Rana was a far from like-for-like replacement for Dube. India’s bowling coach, Morne Morkel, explained that the team forwarded Rana’s name and the match referee, Javagal Srinath approved it. The unsavoury event will compel the ICC to mull over the “Concussion substitute” rule.
Armed with a landslide majority in Maharashtra, the BJP, it is learnt, is now strongly pushing its coalition partners up against the wall. Not only has it launched a strong attack against Ajit Pawar’ party deputy leader Dhananjay Munde but it is keeping Eknath Shinde on the edge too. While the knives have been sharpened against controversial minister Dhananjay Munde demanding his resignation for the alleged involvement of his aide in the murder of Beed sarpanch Santosh Deshmukh. Munde and his party have been resisting and fighting it against all odds. While Ajit Pawar may have strongly backed Munde for now, he realises that the BJP may not stop at him and could launch fresh salvo against his other deputies. Hence, Pawar has directed his men to maintain a clean slate and even demanded that freshers be vetted before giving entry in his party. His contemporary, Eknath Shinde too is not having it easy with BJP ministers like Ganesh Naik eyeing his Thane stronghold and launching a worker engagement campaign clearly with an eye on the forthcoming local body polls. While Shinde chose to brush aside concerns, his workers have threatened to do a quid pro quo by launching similar exercises in BJP’s constituencies. Shinde did not attend the cabinet meeting last week, while Munde is believed to have left mid-way. The BJP strategy seems to be to keep the coalition partners constantly on the edge.
For all his bluff and bluster against BJP and Modi-Shah, NCP Supremo Sharad Pawar never misses to show off his equations with the PM. In fact, days before his nephew Ajit walked over to the NDA, Pawar had gone public with details about how he had got Rohit Tilak, a Congress functionary and member of the legendary Tilak family, an appointment with PM Modi. “Imagine Rohit Tilak didn’t think of approaching Deputy CM Devendra Fadnavis to reach out to the PM.” Tilak wanted to reach out to Modi to persuade him to accept the Lokmanya Tilak Award this year. PM Modi will be travelling to Pune to receive this award in August. It only showed the kind of equations Pawar shared with PM Modi. At the same time, Pawar loves to charge the BJP of destroying the Opposition parties. More evidence of Sharad Pawar’s perfidy surfaced when Chhagan Bhujbal disclosed how the veteran leader at an NCP internal meeting had claimed that PM Modi had an edge in 2024 Lok Sabha polls and was bound to get re-elected. It was amply clear that the octogenarian was aware of his limitations. State Congress leaders feel the party must now chart its own independent course with fresh faces such as Prithviraj Chavan and Anant Gadgil. Common people are fed up with the high drama of Sena-BJP and the NCP and are yearning for some new politics.
The 2000-year old Lord Nataraja temple in Chidambaram in Tamil Nadu’s Cuddalore district which draws lakhs of devotees has a fatal attraction for the Dravidian parties for the scale of earnings; it is not under the purview of the HR & CE (Hindu Religious And Charitable Endowments)Act (. Chidambaram temple has been uniquely managed by a very close knit, denominated sect, the Dikshitars. Ergo, there are no money filled Hundis, no cacophony of shops selling bric-a-bac, no potential for siphoning the take by politicians or trustees. There have been several legal attempts to challenge the right of Dikshitars to run this heritage temple from 1951, matters reaching even the SC. An uneasy truce exists, the Dikshitars represented by legal eagles adept at separating the spiritual rights of the temple and its devotees, from the temporal diktats of the government in power. The most recent attempt was by the DMK minister Sekhar Babu during a significant holy festival when the Dikshitars put up a notice that worshippers were not allowed to climb up the narrow steps adjacent to the sacred sanctum. A few police officers were sent to establish the government’s right, slap a few more untenable charges on the management and bring the Kanakasabhai (an awe inspiring Golden Dome built of 21,600 gold sheets, and 72,000 golden nails representing the total Nadis, nerves in the human body) under the government order. The devotees are asking why are Hindu places of worship being targeted for audit and control?
BJP MP Aparijita Sarangi, BJP President Manmohan Samal and Congress Campaign Committee Chairman Bijay Patnaik have been attacking Odisha chief minister Naveen Patnaik’s most trusted IAS officer V Kartikeyan Pandian. They have lodged a formal complaint saying Pandian has hijacked the entire governance system in Odisha by doing the work of politically elected legislature, violating service rules. Biju Janata Dal leaders say both BJP and Congress have plumbed to new depths with their attacks. Consequently the DoPT under the Union government has sent a notice to Odisha Chief Secretary urging an inquiry into the matter. BJP’s Manmohan Samal said “Pandian cannot do two jobs being 5T secretary and do politics as it cannot be delegated.” BJD in its defence says, “This is not delegation of power by the chief minister to Pandian, but delegation of work.” Political analysts say DoPT letter to Chief Secretary is only a forwarding letter, if BJP was serious they would have summoned Pandian to Delhi. Those who are familiar with Patnaik will say he is a shrewd and discerning politician who knows the impact and implications when he is empowering bureaucrats. This apart, Naveen also knows how to show the door to persons whose time has come just as he did with Pyari Mohan Mohapatra.
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!
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!
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!
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.
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.
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.
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.
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.”
Bharat Rashtra Samiti founder and Telangana chief minister K Chandrasekhar Rao’s (KCR) decision to exploit the Solapur belt for expanding his party’s presence in Maharashtra has started impacting politics in the state. Maharashtra chief minister Eknath Shinde has fired a salvo at KCR by taunting him that Rao should take care of his own party first and then dream of coming to Maharashtra for political activities. Maharashtra Congress president Nana Patole, too, has sniggered at Rao’s forays into the state. Undeterred, Rao zeroed in on Solapur because of the substantial Telugu-speaking population in this once famous textile town. The textile trade is controlled by this section. Several MPs and MLAs belonging to this section have dominated Solapur district’s politics for a long time. Telugus in the district have maintained ties with their places of origin in Telangana over the past two centuries. Of late, this section is feeling left out since the district’s politics has taken a pro-BJP turn. Looking for a viable option, some Telugu-speaking leaders have joined the BRS bandwagon. The Rao government has extended several sops to the weaving community in Telangana and is promising to do the same in Maharashtra. Another sore issue is Solapur farmers’ complaint that their share of water is diverted to the more powerful districts like Satara, Sangli and Kolhapur. Rao is expected to hammer on this discontent, too, in future.
It was vintage PM Narendra Modi all over again as he slammed the Opposition unity move in Patna while addressing BJP karyakartas from all over the country in Bhopal. Flush with the success of his Indo-US visit and a number of MoUs signed, Modi was oozing confidence; he did not seem worried about the 2024 Lok Sabha elections. Karnataka poll rout had been firmly put in the back burner. He described the Patna Opposition move as coming together of leaders with a proven track record in corruption and reminded people of crores of funds lost to the exchequer because of them. Answering a question from a BJP worker, he said he never saw such agitation among the Opposition parties like this time. “You remember what happened in 2014 and 2019? The staunch opponents of BJP were not this much agitated either in 2014 or in 2019. Enemies have now come together. Leaders who used to abuse each other are now prostrating before each other. Don’t get angry at them, have pity,” Modi said. He used the occasion to launch his UCC agenda and reminded citizens that if triple talaq, now outlawed by the Supreme Court, had been a necessary tenet of Islam, then why Pakistan, Indonesia, and Bangladesh do not have it?
Nearly after a decade, Trinamool Congress (TMC) supremo and West Bengal Chief Minister Mamata Banerjee is heavily campaigning for the upcoming three-tier Panchayat Poll. Didi last campaigned in 2008, and that too sparingly. This time around Didi addressed a rally at Kakdwip of South 24 Parganas on June 16 during the concluding day of Trinamoole Nabo Jowar programme. It could be well categorised as TMC chairperson kickstarting Panchayat Poll campaign. Mamata has already held rallies in districts of North Bengal, where TMC is struggling to gain a foothold. On July 3, she will be campaigning at Birbhum, one of the strongest TMC-held districts besides the North and South 24 Parganas. Didi is leaving nothing to chance to ensure a win in the maximum number of gram panchayats, panchayat samitis and zilla parishads. Interestingly, Mamata has once again been vocal about corruption within her party and made it clear to her voters not to fall prey to ‘cut money and syndicate raj’. Political observers believe that Didi is aware of the fact that this rural body poll is crucial to cementing TMC’s position as the strongest anti-BJP party. It is learnt that Didi is keen that TMC contest 40 of the 42 Lok Sabha seats in the state. But, the moot point is whether the Opposition Party will agree to her demand when they meet in Shimla some time in July.
At the mega Opposition parties meeting called by the Bihar chief minister Nitish Kumar in Patna, the Tamil Nadu chief minister felt a little out of place; he could not comprehend the fast and furious Hindi exchange of all leaders. A language that he is vehemently opposed to. Had the PM called for such a meeting, Stalin would have boycotted it. Observers close to a few participants talk about how Stalin was trying hard to get the gist from T R Baalu who also seemed at sea. After nearly four hours of this meeting, Stalin made excuses to leave early, citing his flight schedule departure time so as to avoid facing the media in Patna. Instead called for a Press meet at the Chennai airport where he could address in Tamil. A senior analyst asks didn’t Stalin travel in a chartered flight and that has no departure time compulsions. It is learnt that for the second round of the meet at Shimla, Stalin may ask Baalu and Kanimozhi to represent him. One has to wait and watch whether this ‘Unite to Unseat the BJP in 2024’ is still strong enough to reach the third phase at Chennai.
The Navi Mumbai-registered ideaForge Technology Ltd (iFTL) is coming out with its maiden public issue valued at Rs 567 crore. The IPO consists of a fresh issue of Rs 240 crore from the company and an offer for sale of Rs 327 crore by one promoter, five individual shareholders and eight corporate shareholders of the company. The price band is Rs 638-672 for Rs 10 paid-up share. The 2007-registered iFTL was a loss-making company until fiscal 2021. The company could wipe out its accumulated deficit only in fiscal 2022. The company claims to be the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems market, with a market share of approximately 50% in fiscal 2022. It has one of the industry’s leading product portfolios targeted at civil and defence applications. It has a broad range of products with feature-based differentiation. Sixteen year-old company was not eligible for making an IPO on its own financial performance and has adopted a `technical route’ to float its maiden public issue. If the company’s prospects are promising, why are so many big shareholders offloading their stake and making their cost of residual holding negative? Unstable past performance, unassuming promoter stake and absurd issue pricing make the IPO a risky proposition. For detailed story click https://investlive.net/
On and off the field, shenanigans are bandied about for overlooking the claims of Mumbai youngsters Prithvi Shaw and Sarfaraz Khan in the national team for the format they are most suitable for. The chatter in the grapevine is that both will be summoned by the BCCI and told in no uncertain terms that they have to straighten up in order to be considered for red and white ball cricket. Had it not been for the supposed black marks against these talents, Khan would have probably played four Tests starting from the Delhi Test against Australia, leading to the ICC WTC final at The Oval in London, and Shaw could have been on the broader canvas for the Asia Cup and World Cup competitions. This column understands that the players’ home association — the Mumbai Cricket Association — is abreast of what’s going on as regards their non-selection in the Indian teams. According to an insider in the BCCI, people have immense respect for their skill and prolific run-scoring ability, but Shaw and Khan have to get the green signal from the BCCI for their names to be placed on the selection committee table. The insider stated that the game of cricket teaches suitable life lessons, and the BCCI would counsel Shaw and Khan, make them mend their ways and that they are, by their performances, very much on the radar of Indian team selection.
No one can blame BJP for being a party that works 24×7 on elections. There is no predicting yet how 2024 may go but the ruling BJP is already busy planning its campaign to maximise its chances. The party may be a fledgling force in Tamil Nadu, but it has already initiated planning for the polls in terms of suitable constituencies and candidates who would fit into them. For instance, the party seems to have plumped for Nirmala Sitharaman, finance minister, to contest the South Madras seat where they feel she may get maximum support going by the profile of the constituency voters. Union minister L Murugan may have earmarked the Nilgiris as his place to contest. The party has also zoomed in on constituencies in western and southern Tamil Nadu as potentially most likely to be attracted by its ideology. The party’s bigwigs have been touring the state in the last couple of weeks to put in motion poll plans. Apparently, the AIADMK has agreed to apportion nine Lok Sabha seats plus Puducherry for BJP and the heads of the party have authorised its leaders to examine which nine constituencies would be best to lay early claims to putting up candidates there. The alliance may be far from sealed and seat sharing is even further away, but the BJP is already doing its pre-poll work thoroughly in the State.
Prime Minister Narendra Modi gifted US First Lady Jill Biden a lab grown 7.5 carat green diamond during his recently concluded 3-day state visit to the US . Questions were raised about the nature of the jewel. The diamond is eco-friendly, as eco-diversified resources like solar and wind power were used in its making. It reflects earth-mined diamonds’ chemical and optical properties. The Green Diamond is sculpted with precision and care using cutting edge technology. It emits only 0.028 grams of Carbon per carat and is certified by the Gemological lab, IGI. A diamond maker from Surat described the lab grown green diamond as “an atma nirbhar step that is giving jobs to millions of people all around India.” PM Modi’s US visit seems to have offered some goodies to overseas Indians. In a major boost to software professionals, PM Modi announced that US consulates would be opened in Bengaluru and Ahmedabad. And an Indian consulate would be opened in Seattle. He also conveyed that people may not have to leave the US once their H1 B visa expires. He also had a personal interaction with Sundar Pichai, CEO of Alphabet Inc and Google. He invited Pichai to explore further avenues of collaboration in the domains of Artificial Intelligence; fintech; cybersecurity products & services; as well as mobile device manufacturing in India. PM and Pichai also discussed collaboration between Google and academic institutions in India to promote R&D and skill development.
Om Raut’s film Adipurush seems to have disappointed Bahubali Prabhas’ fans. There are conflicting reports about collections and footfalls in the theatres even as Prabhas tweeted “Adipurush continues its roaring success at the box office! With a mind boggling collection of Rs 375 crore (sic)”. But movie critic Taran Adarsh tweeted “Disappointing”. So how does the future look for the first pan India star Prabhas? Not bright, feel some trade analysts. They say it is his third flop after Saaho and Radhe Shyam. Adipurush ran into controversy from Day One when the trailer was released and for its poor dialogues after release. Son of a Telugu film producer, the 43-year old Prabhas entered the Telugu film industry in 2002 and all his seven films were hit. What changed his life and catapulted him into the big league –making him the highest paid star in the south — was the title role he bagged in SS Rajamouli’s Bahubali and its sequel grossing. The film was an all time hit and the rest is history. Prabhas has a couple of projects in the pipeline; one with Deepika Padukone and Big B. Also releasing this year is action thriller Salaar. Interestingly, like Salman Khan even Prabhas is the most eligible bachelor… and heart broken. Anushka Shetty turned down his marriage proposal and the latest grapevine he is dating Adipurush co-star Kriti Sanon.
Yashasvi Jaiswal, the powerful southpaw batsman, has stolen the thunder from Sarfaraz Khan and crashed through the national team’s door. In as much as the ardent followers of the game in Mumbai would sympathise with Sarfaraz, the ‘pocket dynamo’, for not being able to convince the national selection committee of his gifts, they would also congratulate Yashasvi for his rapid rise as a talented left-hand opener across all formats. Not long ago, Sarfaraz was ahead of another budding star from Mumbai, Arman Jaffer, in the India potential category, but the last year saw Yashasvi make a big noise with his bat. A fabulous Tata-IPL 16 and the 21-year-old — immediately after two good domestic seasons — won him a call as a standby for Pune and Maharashtra’s Ruturaj Gaikwad, whose wedding prevented him travelling to the UK for pre-match preparations for the WTC final at ‘The Oval’. So a perseverant and ambitious youth who gave a helping hand to his father sell savouries at a famous maidan in Mumbai caught the imagination of the cricketing fraternity with his blitzkrieg-like displays in the IPL. The Mumbai Cricket Association and Rajasthan Royals must get credit for shaping his fledgling career, but Sarfaraz ought to be disappointed in losing faith in the system. His non-selection for the West Indies tour has left the legendary Sunil Gavaskar fuming. At the end of it all, sweet news for Yashasvi and a bitter pill to swallow for Sarfaraz. Yet again!
Whereas Nationalist Congress party (NCP) chief Sharad Pawar has been working towards Opposition unity at the national level, his own party’s Maharashtra unit is witnessing a cold war in which his nephew Ajit Pawar, senior leaders Jayant Patil and Chhagan Bhujbal have become the main players. Ajit has asked the party leadership for organizational responsibility. “I have remained the leader of the opposition in the legislature. Now I wish to work for the organization,” he has declared time and again. On the other hand, his principal rival Jayant Patil, too, is eager to play a larger role in the party’s affairs. Former deputy chief minister Chhagan Bhujbal has now added a new dimension to the cold war by demanding that a non-Maratha worker should be entrusted with some major role in the NCP. Bhujbal has told the party that the BJP and the Congress have given important positions to OBC leaders in the organization. The NCP, too, should emulate their example, Bhujbal has advised the leadership. At present, Sharad Pawar, his daughter Supriya and Ajit occupy most prominent posts in the party. Besides belonging to the Maratha caste, they are perceived as running a family undertaking. Pawar’s decision to keep Ajit away from any new responsibility has been interpreted variously. As a result, several BJP leaders have started extending open invitations to Ajit to join their fold. Pawar’s next move will decide which way the dice turns.
The Opposition leaders’ first huddle in Patna to chalk out the strategy for the 2024 Lok Sabha elections got off to a shaky start with Delhi Chief Minister Arvind Kerjiwal in a rush to push senior leaders, particularly Congress leaders Mallikarjun Kharge and Rahul Gandhi to accept his agenda on Delhi Ordinance. The ordinance had provided for setting up of National Capital Civil Service Authority under Delhi L-G for transfer and posting of officials. Kejriwal’s overdrive surprised the leaders. Congress sources said that the party leadership did not want to be seen being pushed around. After all, state units in Punjab and Delhi units were opposed to supporting the AAP in Parliament. Kejriwal did not expect the Congress to deal with the matter with caution and which is probably why he opted to skip the Press briefing at the end of the meeting. “Kejriwal’s churlish conduct upset senior leaders…It was suggested that a view on the ordinance would be taken at the next meeting in July in Shimla, ” rued a Congress source. Otherwise, there seemed to be a lot of light-heartedness at the meet as RJD leader Lalu Prasad openly suggested to Rahul Gandhi that he must get married – that too before the press. He also remarked how, “Lord Hanuman thrashed BJP with his mace in Karnataka, had made Rahul win.” Only Mamata Banerjee who is facing the brunt of education scam in her state spoke about the menace of ED.
Taking a dig at PM Narendra Modi, Odisha chief minister Naveen Patnaik recently quipped “double engine government is not important, what’s important is good governance”. Irked by this statement BJP’s bureaucrat-turned-MP Aparijita Sarangi shot back at Patnaik’s government by targeting CM’s right hand man and private secretary, V Karthikeyan Pandian who is also 5T Secretary (5T stands for Team work, Technology, Transparency, Transformation and Time limit). Patnaik who depends on bureaucrats to fulfil his commitment given to people has given IAS officer Pandian the carte blanche to clear strategic and administrative issues so much so that the elected leaders play a subservient role. Sarangi alleged how people’s mandate to govern Odisha has been hijacked by a 5T bureaucrat who takes all the decisions as a single window clearance, making elected BJD representatives helpless. For Patnaik empowering bureaucrats to execute his vision is not new. He had done this earlier with late bureaucrat-turned-politician Pyarimohan Mohapatra who became so powerful as Patnaik’s advisor that he planned a coup to dethrone the CM. Now, Pandian seems to be enjoying CM’s confidence.
A fortnight back nobody had heard of DMK minister V Senthil Balaji outside of Tamil Nadu till ED arrested him on June 14. Drama thereafter of him being admitted to a hospital, chief minister MK Stalin visiting him and Opposition leaders across the country coming out in his support and castigating Modi government did surprise everybody. Who is really V Senthil Balaji? Basically he is a fund raiser who ensures that funds reach at the highest level without any seepages. His controversial political trapeze act of crossing from the AIADMK to the DMK and getting rewarded with two plum ministries — Electricity and Excise (the cash cow TASMAC chain) — unleashed much heartburn among the DMK old timers. He is Stalin’s go to man. The Tamil Nadu governor has been firing missiles about the rampant corruption in Tamil Nadu. Ditto: BJP’s one man demolition army, K Annamalai. Balaji who was shifted from the government-run Omandurar Hospital to the privately-run Kaveri Hospital underwent bypass surgery under the Madras HC order. The ED filed a plea in the SC wanting a team of AIIMS doctors to take charge of Balaji. As if this intriguing cat and mouse game was not challenging, out of the blue, Stalin’s brother-in-law, Dr Rajamurthi, Director of the KK Nagar ESI Hospital has protested that he has been drawn into a controversy about Balaji’s Kaveri Hospital choice.
He came. He stayed. And, he is leaving now. Piramal Enterprises of Ajay Piramal has decided to quit Shriram Finance by selling its entire holding. Whichever way one looks at his original wisdom to get into the Chennai-based Shriram group, it is clear that his game plan has gone horribly wrong somewhere along. Surely, he would have gotten a handsome return on his investment in the Shriram. That need not necessarily crown this businessman as a wiser strategist. He must have seen in Shriram an opportunity to propel his dream of making it to the big league in the field of non-banking finance. Perhaps, he did not bargain for the deep cultural mismatch with the Shriram group. The Shriram group has remained an enigma for many outsiders. Piramal the investor perhaps discovered this only after getting into it. Maybe, he was in a hurry to overhaul Shriram. Luckily, Ajay Piramal’s group company managed to acquire Dewan Housing Finance Corporation Ltd through the Insolvency and Bankruptcy Code route in September 2021. Post-Dewan, Shriram is no attraction for Piramal. One thing is clear, however. The cleaning of the shareholding cobweb at Shriram was in no small measure due to Piramal pressure. For the man who has been successful in the pharma space with spate of takeovers his calculations in the case of Shriram seems to have gone wrong. You win some, you lose some.
When Prime Minister Narendra Modi met the US President Joe Biden and First Lady Jill Biden at the White House for a private dinner he decided to carry gifts marking 80th birthday of President Biden — a milestone he had reached last November. Krishna Yajurveda’s Vaikhanas Grihya Sutram mentions that an individual becomes ‘Drishta Sahasrachandro’ or the one who has seen one thousand full moons when he completes the age of 80 years and eight months. An elaborate set of Vedic rituals are performed such as Vinayak Pooja — prayers to Lord Ganesha, culminating in Poornaahuti (oblation to the sacred fire) Satabhishekam and finally Sahasra Chandra Darshanam or gazing at the 1000th full Moon. During Sahasra Poorna Chandrodayam celebrations, there is a custom of Das Danam or donations of 10 different kinds. The gifts were carried in a special sandalwood box, handcrafted by a master craftsman from Jaipur. It contained the silver idol of Ganesha handcrafted by a family of fifth generation silversmiths of Kolkata. It also included a diya (oil lamp) .It also contained delicate silver boxes containing symbolic – Das Danams or the 10 donations, which signifies the donations made on this occasion. Among the boxes was this 24K pure and hallmarked gold coin that is offered as Hiranyadaan (donation of gold).
Trinamool Congress supremo Mamata Banerjee will be reaching Patna on June 22, a day before the Opposition meet on June 23. All eyes are on her since Mamata, who championed the need for the Opposition unity to take on BJP in 2024 polls had floated a formula that everyone should support the party in their pockets of influence, will be sitting with Congress leaders after a long time. It is important to note that several regional party leaders including JDU chief Nitish Kumar, RJD scion Tejaswi Yadav, Samajwadi Party chief Akhilesh Yadav met Didi at her residence to discuss Opposition unity and strategy. Also TMC chief shed her aversion to sitting with Congress despite the fact that Pradesh Congress has been aggressively canvassing against her in the state. Recently, at a public rally in Kakdwip of South 24 Parganas, Didi made it categorical that she’s ready to ally with Congress at the Centre, but not in the state as it has allied with the CPM. According to the political analysts, Didi is happy about the fact that her formula of support for the regional party at its bastion has been accepted and she’s ready to support Congress at its 200-odd Lok Sabha seats.
Tamil Nadu Chief Minister Stalin is determined to milk the detention of V Senthil Balaji by the Enforcement Directorate to the hilt by keeping him on as minister without portfolio. There is political mileage to be had in demonstrating that the Centre is misusing the investigative agencies to pile on pressure against regional parties. The case of this politician is peculiar because he has been a key fundraiser for both the major Dravidian parties and has been known to handle key portfolios where the money flow is the highest like liquor and electricity. There are huge margins in both commodities, including electricity where the most funds flow not from generation and sale as much as purchase of electricity from other states to cover up shortfall in peak demand months. Senthil Balaji has been known to be a fair distributor of the money flow to Dravidian party seniors. He may prove a tough nut to crack as it is unlikely that he will involve anyone else in the troubles he is in because of which he could well become the Manish Sisodia of the south. His ‘show’ of ill health that facilitated a HC order to move him to a private hospital patronised most by DMK bigwigs has come to the notice of the Supreme Court too.
The champions of the ‘Bazball’ brand of cricket — the England captain Ben Stokes and the country’s New Zealand coach Brendon McCullum — have every reason to be pleased and proud that their mindset to take Test match cricket forward boldly and bravely has found admirers. Baz is the nickname of McCullum, and hence the term coined by the media to describe the style of playing the game most forcefully, notwithstanding the situation at any given time. McCullum, who believed in going after the ball while playing for New Zealand– taking risks — brought about a remarkable transformation in England’s Test team’s outlook, taking over from Chris Silverwood in the three-match home Test series against New Zealand in June 2022. England’s 22 batsmen have scored at 4.61 runs an over in 13 Tests, and its 14 bowlers have conceded 3.21 runs in 2129.1 overs before the start of the ‘Ashes’ that has been given a riveting start in the first Test at Edgbaston. The Stokes and McCullum team has won 11 and lost one to South Africa and New Zealand. The ongoing ‘Ashes’ is the first under the ‘Bazball’ variety and hence seen as the ultimate Test series because Australia has not won a series in England for 22 years. Someone like the former Australian captain Ian Chappell asks what’s new about “Bazball”, but the former South African captain Ali Bacher says Stokes and McCullum will keep Test match cricket alive!
Besides sending shock waves in political circles, Uddhav Thackeray’s ardent soldier Maneesha Kayande’s sudden entry into the Shiv Sena led by chief minister Eknath Shinde has once again revived the fight for the post of leader of the opposition in the Maharashtra legislative council. At present, the UIddhav group and the Nationalist Congress party (NCP) have nine MLCs each on their side. Uddhav’s loyalist Ambadas Danve is the LoP in the Upper House. However, due to MLC Kayande’s abrupt switch, the equation is disturbed. NCP leader Ajit Pawar has indicated that his party can consider claiming the post after the new arithmetic. While the post of chairman of the council has been vacant, Uddhav’s follower Neelam Gorhe has been handling the work in her capacity as deputy chairperson of the house. In all probability, the matter of changing sides by Kayande can be referred to her if the Uddhav group challenges her move. In that case, Gorhe will have to adjudicate if the defection is legal or otherwise. Kayande had been a frontline worker of the BJP for almost two decades. She left the party due to some unpleasant developments within that party and joined the Shiv Sena, then a single entity. She was sent to the council by Uddhav. Her term of the house ends next year. Kayande was welcomed into the party by Shinde amidst much fanfare on the eve of the Sena’s Foundation Day anniversary.
The Agra-registered HMA Agro Industries Ltd (HAIL) is coming out with its maiden public issue valued Rs 480 crore (82.05 lakh equity shares at the cap price). The offer is being made through the book-building route with a price band of Rs 555-585 for Rs 10 paid-up share. HAIL, promoted by five brothers, have been in the meat business for more than four decades. HAIL is the flagship company of the group and is a three star export house. HAIL is currently among the largest exporters of frozen buffalo meat products from India and it accounts for more than 10% of India’s total export of frozen buffalo meat. A disturbing aspect of the promoters is they have disassociated themselves from as many as eight companies during the last three years preceding the date of the Red Herring Prospectus. It is family-run business with brothers and children occupying key positions. Promoters hold 100 per cent stake. When compared to the other frozen food players, HAIL’s Return on Net Worth and Return on Capital Employed is quite impressive. In terms of price discounting too, HAIL compares reasonably well with frozen food heavyweights like Venky’s. Nevertheless, a disturbing aspect of HAIL is, the promoters and their relatives would be holding more than 83% of the post-IPO capital of Rs 50 crore at a negative cost which makes the stock vulnerable post lock-in period. By arrangement with https://investlive.net/.
From Day One, Prime Minister Narendra Modi’s ambitious Project Cheetah aimed at re-introducing cheetahs in the country has come in for severe criticisms. First, the Opposition leaders castigated the Modi government for its fanfare of releasing cheetahs in Kuno National in Madhya Pradesh on his birthday. Now, with the death of six cheetahs there is more criticism directed at the PM. Taking cognizance of what’s happening Valmik Thapar, a wildlife expert who has studied Indian and African wildlife for nearly 50 years in a signed edit in The Economic Times makes startling revelations. He says cheetahs were never found in India but for centuries “maharajas, princes and the rich and famous were obsessed with importing this animal from its source population.” He raises two pertinent questions in the article “Why did the architects of this multimillion-dollar reintroduction plan ill-advise GoI? Did they not know that India’s 300-year history was full of the presence of captive cheetahs, which were clearly runaways that turned feral?” Second, why was Kuno-Palpur selected as a site for reintroduction? “Anyone who has observed wild cheetahs in Africa will realise that the Kuno region is not suitable because of a lack of prey, uneven ground, a high density of leopards and hyenas, and a thriving population of ferocious village dogs…” One wonders why the government of the day did not consult an expert like Thapar when it conceived Project Cheetah.
In south India film stars dabbling in politics is commonplace. So Tamil Nadu superstar Vijay signaling his entry into politics is not surprising. But, his entry strategy is. Thalapathy, as he is fondly known, chose to launch his political entry with a unique event. He hosted a gala lunch to felicitate top three rankers from every constituency in Chennai’s Neelankarai. The student’s community were ecstatic to be honoured by their youth icon. The star picked the most impressionable group, Gen Z to motivate and build allegiance. This box office vasool Raja has quietly pursued his political persona, interacting with his legion of fans, engaging them in social service like blood donation camps, flood hit relief camps and helping the differently abled people. The AIADMK, DMK, AMMK and other parties have found their political calling thanks to film stars. Joseph Vijay Chandrasekhar has not openly claimed his religious faith. Vijay is strong and self-willed… father, director S A Chandrasekhar was in a hurry to launch Vijay the politician, leading to a family split. At the felicitation meet, the 48-year old Vijay exhorted the merit scholars, “If there is one crucial thing you can all do, it is to influence your parents DO NOT VOTE for money “. Vijay, who has set his sights on 2026 assembly polls, knows he has miles to go…but for now it is a good beginning.
The BJD-run government in Odisha headed by Naveen Patnaik has come in for harsh criticisms for frequent power outages in Bhubaneswar and Cuttack that too in peak summer. This ‘off-and-on blackout’ is happening even after the private sector Tata Power took over the management of power distribution in Odisha. It is learnt that the main reason for the power outage is because Odisha does not have an underground cabling system as is prevalent in most States. Here, the high tension cables are on a pole which snaps when there is a cyclone or heat wave. It would be hard to imagine, Patnaik who is trying to transform Odisha at a rapid pace is not able to fix such a basic problem. Incidentally, Bhubaneswar has the tag of smart city. Everybody is asking, if this is the plight of a smart city then one could well imagine the plight of other cities of the state. Well, as expected the Opposition parties led by the BJP have squarely blamed the BJD-run government stating that it has no control over Tata Power. However, power experts say blaming Tata Power is not a solution. Patnaik’s government needs to explore the expensive option of laying down underground electric cable. It is understood that Odisha’s chief secretary Pradeep Kumar Jena is closely examining the viability of laying down underground cable in the smart city to start with.
Congress Peeved As Teen Murti Loses Its Nehru Link, Renamed Prime Ministers Museum & Library Society
In a special meeting of the Nehru Memorial Museum & Library (NMML) Society, it was resolved to change the name to the Prime Ministers Museum & Library Society. The meeting was presided by Defence Minister Rajnath Singh who is the Vice President of the Society. PM Narendra Modi had mooted the idea of setting up of a museum dedicated to all the PMs of India on Teen Murti Premises, New Delhi in 2016. The Executive Council, NMML had in its 162nd meeting held November 25, 2016 approved the construction of the Museum of all PMs in the Teen Murti Estate. The project was completed and the Pradhanmantri Sangrahalaya was opened to the public on April 21 2022. The Executive Council subsequently felt that the name of the Institution should reflect the present activities which now also include a Sangrahalaya depicting the collective journey of democracy in Independent India and highlighting the contribution of each Prime Minister in nation-building. Nripendra Misra , who is chairman of the Executive Council, explained the need for a change in name by emphasizing that the Prime Minister’s Museum expresses the nation’s deep commitment to democracy and so the name of the institution should reflect its new form. The Congress, which has not been enthusiastic about all PMs’ museums right from the start, lashed out at losing the nostalgic Teen Murti link with Nehru.
When Jai Inder Kaur, daughter of former Punjab chief minister Capt Amarinder Singh, organised a BJP rally in Patiala to celebrate 9 years of Modi government last week it became apparent that she would be staking claim to the Patiala Lok Sabha seat currently held by her mother Perneet Kaur. Congress sources conceded that the Patiala Lok Sabha seat was now up for grabs. “We had after all suspended Perneet Kaur in February on the charge of helping her husband and the BJP,” said a Congress leader. With the exit of the royal family from the Congress fold, the party may not have any serious candidate to take on Jai Inder Kaur. Significantly, Kaur’s father was conspicuous by his absence at the rally as he wanted to keep the focus on his daughter. After being dumped by the Congress as CM, Capt Amarinder had floated Punjab Lok Congress in 2021. He merged his party along with the BJP in 2022 and was subsequently inducted into the party’s national executive. The Patiala rally was attended by Union Health Minister Mansukh Mandaviya. Some of them who have worked with Capt Amarinder have reportedly sent feelers to the BJP. After the loss of Jalandhar Lok Sabha by -election, there is also talk of the BJP and the Akali Dal coming back together for 2024.
Bharat Rashtra Samiti (BRS) has opened its first Maharashtra office in Nagpur with a bang. Former BJP MLAs Charan Waghmare and Raju Todsam have joined the party, hailing the leadership of Telangana chief minister and BRS founder K Chandrashekhar Rao (KCR). They have alleged that the BJP in Vidarbha region was more favourable to the Nationalist Congress Party (NCP) than to its own workers. Waghmare said he was expelled from the party because he was opposed to the BJP’s electoral alliance with the NCP. Both plan to contest the next assembly election on BRS tickets. Buoyed by the increasing response, BRS has announced that it will be opening its offices all over Maharashtra in the near future. Already, the BRS is gaining popularity in Marathwada region for Telangana’s decision to buy its onion, otherwise dumped by farmers by the roadside since the prices in that region had crashed and it was not possible to sell the produce. Former MLA Harshwardhan Jadhav, who joined the BRS about a month ago, took the initiative to finalise the deal between the growers and the market committees in Telangana. Another former MLA, Deepak Atram, has predicted that more and more political workers will enter the BRS after frustration with their present party leadership. KCR is now said to be concentrated more on Maharashtra than on Andhra Pradesh and is in search of influential leaders from other parties.
The run-up to the Panchayat election in West Bengal to be held on July 8 is witnessing violence right from the first day (June 9) of filing nomination papers. Incidentally, the Opposition parties moved the Calcutta High Court after new State Election Commissioner Rajiva Sinha announced that the filing of nominations will be from June 9 to June 15 and June 20 will be the last date of withdrawal. Incidents of sporadic violence have been reported from South 24 Parganas, North 24 Parganas, Murshidabad, Birbhum, East Midnapore, East Burdwan, Cooch Behar where BJP, CPM and Congress have accused the ruling TMC of preventing their candidates from filing nominations. According to TMC senior leadership, it is still facing the repercussions of Panchayat polls 2018, where TMC won more than 95% of gram panchayats, of which 34% of the seats were uncontested, a record in the history of Bengal Panchayat polls. Further, TMC is grappling with rampant infighting in its own bastion of South Bengal which turned violent. Incidentally, the appeal by the party’s general secretary Abhishek Banerjee to keep Panchayat poll violence-free seems to have fallen on deaf ears. What needs to be seen is whether Didi and the Election Commission will comply with the Calcutta High Court’s ruling and deploy central force at the super sensitive booths across the state during the panchayat poll.
The stock market is in a bull phase with both the benchmark indices — Sensex, Nifty50 – touching new highs every week. The market which is constantly looking for a trigger to scale to new highs seems to have got a big one. According to Mint “Participatory notes are poised for a comeback, this time through the International Financial Services Centre, Gift City, Gujarat, after nearly a decade of being discouraged by Indian regulators. Some leading global banks that currently issue P-Notes from global jurisdictions, such as Singapore, are considering shifting to GIFT City as the special economic zone offers both tax sops and regulatory clarity.” The return of P-Notes will be like music to the ears for the stock market players. According to The Hindu Business Line report “foreign investors had patronised P-Notes for 14 years between 2004 and 2018. At the peak, P-Note linked investments in India stood at around Rs 4-lakh crore. But P-Notes lost their charm after SEBI restricted its use and banned them completely in the derivatives segment.” Currently, India is parched for foreign money in stock markets and allowing P-Notes could act like steroids, experts say. On a net basis, the foreign portfolio investors sold Indian equities worth more than $20 bn in 2022. Tax arbitrage has forced FPIs to move to other jurisdictions.
Irony! Kerala’s Left Front Govt In Talks With Tatas, Adanis To Bail Out Kannur International Airport
It is rare that the fortunes of an airport are tied to an airline. One of the big casualties of Go First’s insolvency is Kerala’s second public-private airport, Kannur International Airport Ltd (KIAL). Set up at a cost of Rs 2500 crore in 2018, the airport which has attracted over 20 million passengers is today defaulting on salaries and all infrastructure payments. In fact, things have turned worse in the last two months, with the airport defaulting on interest payments on borrowings which have now risen to Rs 1200 crore. Go First used to operate 240 flights per month from KIAL to domestic and international destinations. These operations earned it a revenue of Rs 5 crore every month. Also, KIAL was used by Go First as a major parking bay for its fleet of aircraft. The airlines which operate from KIAL today are Air India Express and Indigo, which do only four or five flights per day. The Kerala chief minister Pinarayi Vijayan is worried that the airport could turn out to be another white elephant. It is believed that his government has approached the Tatas and Adanis to bail out KIAL. This is ironic, as the same Pinarayi government had vehemently opposed the privatisation of Trivandrum International to Adani. Critics say that Vijayan will go to any extent to save KIAL, as it is in the backyard of all the top Kerala CPM leaders.
With the 2024 election not far away, the chorus to name chief minister aspirant for BJP in Odisha is growing. Also, there is a concern what will be the role of BJP Minister Dharmendra Pradhan come 2024 Odisha election. So far, Pradhan has exhibited indecisiveness where he wants to be — State or the Centre. He has chosen to keep all options open. This is because he knows there is little chance of his dislodging Chief Minister Naveen Patnaik in the Odisha 2024 state election. Sources say, Pradhan who is currently a Rajya Sabha member from MP is most likely to file for Lok Sabha seat in Odisha from Dhenkanal or Sambalpur area. Factoring the possibility of BJP faring well in Odisha, Dharmendra is toying with the idea of fielding his wife Mridula in the Assembly election either from Pallahara or Talcher in Odisha, offering him another opportunity for power play in Odisha. Now coming to the question, who will be the CM face of BJP in Odisha in the 2024 election? Two names are doing the rounds – one is that of Pradhan and the other one is Modi’s favourite vocal ex-IAS officer Aparijita Sarangi, a BJP MP from Bhubaneswar. Aparajita remains unstoppable though there was an earlier attempt to restrict her movement to her constituency Bhubaneswar. Today she remains unbridled holding meetings and campaigns beyond her assigned territories covering Bhadrakh, Nilagiri, Kendrapada and others.
The progress of the ground floor in Shri Ram Janmabhoomi Temple in Ayodhya was reviewed recently by the senior members of the Trust including Chairman Construction Committee headed by Nripendra Misra. Even as details of the temple were shared in a release by Misra, it was disclosed that the construction work on infrastructure buildings was in full swing and it was likely to be completed by October 2023. The dome size of the five mandaps are 34 ft wide and 32 ft. The height of the courtyard varies from 69 feet to 111 feet. The Temple is 380 feet in length, 250 feet wide and 161 feet high from the courtyard. The three-storey Temple has five mandaps and one main Shikar. The size of Sanctum Sanctorum is 20 feet x 20 feet in length and width with a total area of 403.34 sq. ft. There will be 46 numbers of teakwood doors. The door of Sanctum Sanctorum will be ornated with gold. There are 392 pillars which have been structurally provided taking into consideration the load factor and other climatic challenges. Meanwhile, it is learnt that the Shri Ram Janmabhoomi Teerth Kshetra Trust has sent an invitation letter to PM Modi for the grand opening of the Ram temple in Ayodhya while suggesting three “auspicious dates” for the ceremony. They are between January 17 and 24. It may be recalled that the temple’s foundation was laid in a ceremony presided over by Modi on August 5, 2020.
A front-page newspaper advertisement issued by the chief minister Eknath Shinde faction of the Shiv Sena tom-tomming a survey that rated Shinde ahead of his deputy Devendra Fadnavis for CM’s post, has highlighted the shadow boxing between the ruling allies in Maharashtra. Interestingly, the advertisement with Prime Minister Narendra Modi’s photo comes in the wake of the discontentment brewing in the Shinde camp following tactics adopted by the BJP. The friction between the Shinde’s Sena and the BJP was also evident in reports that the national party had asked Shinde to sack five of his party ministers on grounds of unsatisfactory performance. This had upset the Shinde camp since all five ministers on the chopping board were Shinde strongmen, who played key roles in his government formation that helped him get the CM’s chair. The BJP strategy to expand in Maharashtra — not by making inroads into Opposition spaces but by inching into strongholds held by its own ally, the Eknath Shinde faction of the Shiv Sena — has clearly upset the CM and his party of supporters. His supporters fear being denied tickets in their own backyards. Not surprisingly, firebrand Shiv Sena Parliamentarian Sanjay Raut commented that the BJP would make Shinde’s men to scramble for every seat. Amit Shah has announced a target to win 45 of the total 48 seats in the state during his recent rally at Nanded.
For decades business houses in Tamil Nadu have kept the business out of bounds for women members. That thinking is slowly changing. Now, the corporate world in this Dravidian land is turning gender-agnostic. With the four groups in the larger TVS family quietly going their separate ways legally, the yester-year hurdle (somewhat perceived, though) has disappeared for the womenfolk in their families. Suresh Krishna’s daughters are running the show in Sundram Fasteners. Venu Srinivasan’s daughter is also firmly in the family business. Of course, Mallika Srinivasan is driving the Amalgamation group. The iconic Apollo Hospitals is managed by Pratap Reddy’s daughters. N Srinivasan’s daughter Rupa Gurunath is well entrenched in The India Cements. Cavinkare has seen C K Ranganathan’s daughter too is getting into her father’s business. The Sengol fame Vummidi Bangaru Jewellers has already welcomed a fifth generation (four daughters) into the business. Perhaps the Murugappa group is an exception at the moment where one of the women members of the family –Valli Arunachalam — is engaged in a bitter legal wrangle with others over the denial of her right to get her due in the business of the group. Incidentally, it was the eldest daughter who alerted her father and MD of Pricol Vikram Mohan to the raid by Minda on his company! Well, women power has truly come to party in the family business.
It is out-of-the-box thinking, but one that needs to be addressed by the BCCI’s senior national selection committee with purpose and urgency. Willy-nilly, Ajinkya Rahane — not on annual retainership — appears to have returned to captaincy stakes after his triumphant comeback to the national ranks for the multi-day Test match cricket. Rahane is not naive to the leadership role; he was the captain of the Indian team that scored a remarkable series win in Australia after the team was shot out for 36 in the second innings at Adelaide in December 2020. He has led India in 6 Tests and won four, three against Australia. He has not lost a Test match. Rahane has an average of 39.89 as captain scoring 359 runs in 11 innings. The soft-spoken Mumbaikar has made quite an impression as a leader, and the selection committee, without a chairman, could look at him for the series in the West Indies. In fact, the selection committee — after India’s dismal display in the ICC WTC final at The Oval — must take the opportunity to look to bring in new players with a good record in the domestic tournaments. India has gone down in two WTC finals because of its stereotype policies — including the decision to drop Ravichandran Ashwin — and hence the time is upon the selection committee to usher changes, and quickly too.
Nationalist Congress party (NCP) chief Sharad Pawar has sprung one more surprise as part of his reshuffle of party top functionaries. NCP’s Raigad MP Sunil Tatkare has been appointed national treasurer. Various interpretations are coming forward since Tatkare is viewed as a staunch supporter of Pawar though considered close to Ajit Pawar as well. Nonetheless, the appointment of Tatkare is termed as a blow for Ajit, whose position within the party is becoming shaky by the day, his detractors whisper. On the other hand, keeping Ajit away from all top party posts is described as a masterstroke by Pawar’s loyalists. In a tricky situation, Ajit can build bridges with the BJP if the Congress or the Shiv Sena led by Uddhav Thackeray decide to sideline the NCP in the coming elections, especially the Mumbai municipal contest. Already, some leaders of the two parties have started indicating that they will not accept the NCP as the main force in the Maha Vikas Aghadi that ruled the state for two and a half years. In the fluid situation, the reticence of the BJP is felt to be fraught with a hidden agenda since except for Devendra Fadnavis, none of the party leaders have reacted to the developments within the NCP. In stark contrast, Sena spokesman Sanjay Raut has not lost a single opportunity to needle Ajit Pawar, whose next move will decide the shape of things in Maharashtra.
After many hiccups and pickups, Prabhas led Adipurush is all set for release. One would think Bahubali Prabhas as Ram, Kriti Sanon as Sita, and hold your breath, Saif Ali Khan as Ravan would fly high even in the pre-release teasers and publicity pleasers. But controversy and caustic carp is already being tossed like hailstones. Prabhas, it seems, does not fit into that beloved divine mould of Lord Ram. Even his dialogue is dead pan. The cast and crew visited Tirupathi Balaji temple for a Big Bang trailer release, and director Om Raut stirred up a salacious controversy…he publicly kissed Kriti, the Sita Ma whose chastity is the anchor of the epic ballad. Ram devotees taunted Kirti’s claim that she had observed Vrat for the film. But the arrow that hit the jugular was the one liner of Censor Board Member and film critic, Umair Sandhu: ”Adipurush…Torture“.To add more grist to this devilish mill Kangana Ranaut, the self-styled moral police, critic and media high priestess has poured out her anger at yet another Ramayan in the works, which has Ranbir Kapoor as Lord Ram, Alia Bhat as Sita and the KGF rough Yash as Ravan. Is Bollywood drained and devoid of compelling stories? Or is this artistic hara-kiri, to relive again and again the beloved epic of our land to indulge the egoistic fantasies of top stars?
There is not much excitement in the BJP circles about TDP Chief N Chandrababu Naidu’s brief meeting with Home Minister Amit Shah and BJP president JP Nadda early this month. The possibility of an electoral alliance between the two parties ahead of the Telangana assembly election later this year and general elections next year are being ruled out as it would not suit BJP. TDP was a part of the NDA in 2014 but quit the ruling alliance in March 2018 before the 2019 elections on the issue of special status to Andhra Pradesh. However, both parties came together after the recent municipal elections in Port Blair. BJP sources said TDP is not much liked in Telangana as it had opposed creation of a separate state of Telangana. “It is precisely for this reason that the Congress-TDP alliance has not clicked in the new state. Congress is a stronger party but gets pulled down by the TDP,” pointed out a BJP functionary. It is precisely for this reason that the BJP which is trying to make some inroads in Telangana would shun a tie-up with the TDP. As for Andhra, a party source admitted that the BJP was already in alliance with Pawan Kalyan’s party Jana Sena and may tie-up with TDP. Significantly, PM Modi remembered NT Rama Rao, TDP founder and Chief Minister of Andhra Pradesh on his birth anniversary in his radio program Mann Ki Baat last month.
Eighty-two year old Sharad Pawar has always been considered heavyweight in the Indian political firmament. His influence cuts across party lines — Congress, BJP, CPM, TMC, AAP etc. Nobody dares to cross swords with him. In fact, be it Rajiv Gandhi, Sonia Gandhi, Atal Bihari Vajpayee, Narendra Modi or regional party leaders, they have held Pawar in high esteem and given a lot of weightage to his suggestions and ideas. So, when the supremo of Nationalist Congress Party stepped down from the party’s president’s post a few days ago and then on the party’s Foundation Day named two working presidents — Praful Patel and daughter Supriya Sule – it did put cat among the pigeons. The big question everybody is asking what happens to the ambitious nephew Ajit Pawar? Historically, Ajit was not interested in national politics; his eyes were on the CM’s gaddi. But, now with cousin Supriya made in charge of Maharashtra does it signal that his wings are being clipped? Nobody is sticking their neck out. But by making the suave, articulate Praful Patel also a working president, Pawar Sr has again displayed why he is unpredictable. Patel, a smart businessman and seasoned politician, is currently under the glare of the Enforcement Directorate in the Iqbal Mirchi case. The ED has attached his property – four floors in Ceejay House in Worli, Mumbai. According to a political analyst, if ED is hot on Patel’s case and should he resign from NCP’s working president post then the entire mantle of leadership falls on Sule. Post that the road is clear for her. It is mere conjecture though anything can happen in politics, says the political analyst.
No government has been under a giant microscope as the present dispensation headed by Prime Minister Narendra Modi. Anything he does or says gets two extreme views. This is why the article in the Indian Express by Distinguished Professor Ashok Gulati and Research Associate Purvi Thangaraj, both from ICRIER, makes for an interesting reading. The duo have evaluated the performance of UPA and NDA on three parameters. They have chosen GDP growth, inflation numbers and impact of social welfare schemes for two periods. The UPA government –2004-05 to 2013-14 — headed by Manmohan Singh. And the NDA government — 2014-15 to 2022-23 — headed by Modi. The average annual GDP growth during Modi’s regime stood at 5.7% compared with 6.8% clocked during Singh’s 10-year period. “But in terms of taming CPI inflation, the Modi government has surely done a much better job by holding the inflation rate at 5.1% vis-a-vis Manmohan Singh’s period when it averaged at 8.1%. On the social welfare scheme front, the writers say the Modi government appears to have surpassed the achievements of the Singh government. In sum, they say, “Overall, while the Modi government’s performance in terms of GDP growth has been somewhat subdued, it has succeeded in taming inflation, keeping agri-growth respectable and doing a much better job on welfare schemes than UPA.”
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Editor’s Note: Short Post Noticed By People Who Matter
Four years have zipped by and we are crossing another milestone on 31st January 2025 – it’s our 4th Anniversary. It feels good.
Looking back at the 1460 days, I must say Short Post has made its mark with people who matter via 4000 stories published in the areas of politics, business, entertainment and sports. All made possible by the unflinching commitment and dedication of our senior editors, most of whom have been part of this journey from Day One.
Small pack, big impact is in essence the story of Short Post which was launched at the height of the Covid-19 pandemic in 2021. It shows our conviction. In all humility, I can say, we have created a new niche in the news segment space like Hindustan Unilever which created a new segment, when it launched CloseUp Gel.
Yes, we have created a brand (in a limited sense), created demand (readers) and created supply (senior journalists). But we are facing teething problems like all start-ups. What makes us happy and confident is the recognition of our efforts. For instance, we have an arrangement with the OPEN Magazine, part of the $4.5 billion Kolkata-based Sanjiv Goenka-RPG Group. This arrangement sees around 10 Short Post stories posted on OPEN Magazine website every week. This arrangement is testimony that our content has been well received! Also, I may add that the Maharashtra government has recognised Short Post and has allowed our senior editor to cover the Assembly sessions. Ditto: Odisha.
Our goal is to ensure that Short Post becomes a habit. I would like people to keep checking their smartphones to know the latest Authentic Gossip. As regards AI and the fear of it disrupting all businesses including media. On that, personally, I have no such fear as I am confident AI cannot smell news particularly Authentic Gossip. That’s the place we are well entrenched.