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2012-2021: Retrospective Tax Gone, But The Ghost May Remain For Some Time
The Income Tax Department lost the Vodafone case because it didn’t contest well in the Supreme Court, held the lawmakers. And to address this, the then Finance Minister Pranab Mukherjee introduced the retrospective tax in the Income-tax Act in 2012, though he was not happy with the decision when he understood the implications. (Vodafone was asked to pay $3.79 billion, including $2 billion in tax, interest and penalties – a claim called incorrect by an international arbitration tribunal). The retrospective tax is gone, but its ghost may remain. Seasoned observers say the decision to do away with the controversial tax provision is purely a political one. The Central Board of Direct Taxes officials maintain that income arising out of the sale of assets on Indian soil must be taxed in India, and they will keep doing so. Now that the I-T provision is gone, it would be interesting to see how the existing cases are handled by the taxmen. The Income-tax Act is a powerful piece of legislation that gives the tax department immense powers to deal with any case in the way it wants, if it is decided at the top level of the Board. The companies involved in the retrospective tax cases may feel happy that the provision has been quashed, but they should wait for some more time before it turns out to be a final respite.
PK Puruvar
Beleaguered BSNL’s 4G Plans Stuck In Limbo As Rival Telcos Rev Up For 5G
State-owned telecom behemoth Bharat Sanchar Nigam Ltd’s (BSNL) plans to launch 4G, at a time when private operators are on the verge of rolling out 5G services, seems to be jinxed. While the latest in the series is a Tata Consultancy Services-led consortium seeking changes in product specifications, in July BSNL’s board did not approve upgradation of its base transceiver stations (BTS) in two zones. The proposal to upgrade BTSs, supplied by Nokia in southern and western zones, did not get approval at the board meeting held on July 23, 2021, which was chaired by BSNL chairman and managing director PK Purwar. This was despite the proposal, which was estimated to cost a modest Rs 550 crore, was approved by BSNL’s management committee on July 1. However, its board, including two members from the Department of Telecommunications (DoT) and directors of BSNL, did not agree to the proposal and the agenda has been deferred to the next board meeting, which should take place before September 30, sources said. The mini-ratna firm was expecting the launch of 4G services, along with the Union Cabinet-approved revival plans, to help in its turnaround. For BSNL unions, this is a feeling of déjà vu, as there was a string of rejections to the PSU’s 4G equipment procurement and upgradation plans, the prior one being in December 2019.
Parth Jindal
JSW Group’s Parth Jindal Showers Rs 2.5-Cr Wishes On Tokyo Olympics Champions
Parth Jindal is pleased as punch after Tokyo 2020 Olympics returned seven medals, including the first Track and Field gold, thanks to the tall and strapping Neeraj Chopra directing the World Athletics approved Javelin made of steel/aluminum or aluminum alloy to a distance of 87.58 metres, that usually the 100m sprinters on track run in probably under a flat nine seconds. Parth is the Founder of Inspire Institute of Sport and JSW Sports, but most importantly a sports lover keen to create a good space for non-cricket sports persons ambitious of wanting to excel in running, throwing, jumping in addition to team sports. He owns the IPL franchise, Delhi Capitals. The medal winners have been hailed as the new stars on the Indian sports horizon and awarded money which they deserve. If money can act as an incentive to motivate and perform, why not? Parth’s JSW Group has announced Rs 25 million (Rs 2.5 crore) to the medal winners and their coaches. Chopra will receive Rs 1 crore, wrestlers Ravi Dahiya and Bajrang Punia, Rs 20 lakh and Rs 15 lakh, Badminton ace PV Sindhu and boxer Lovlina Borgohain Rs 15 lakh each, Weightlifter Mirabai Chanu, Rs 20 lakh, and each member of the men’s hockey team, Rs 2 lakh. The coaches and support staff have been handsomely rewarded. Hopefully many more corporates would follow suit.
KL_Rahul_rohit
Rahul-Rohit’s Run Feast In England Lifts India’s Opening Gloom
India’s unlikely opening pair of Rohit Sharma and KL Rahul, eternally on Test comeback trails, have forged into a fine combination to be the bedrock of India’s campaign. They have added 257 runs so far in five innings in the English summer, including the WTC final. While Rahul put his name on the coveted honours board at hallowed Lord’s, Rohit is yet to make his first century away from home even as he improves his away average that is at least 50 runs worse than his imposing 79.50 at home. Standing a foot outside his crease is Rohit’s adaptation of the Virat Kohli technical template for English conditions while Rahul stays crease-bound and yet masterful in his ability to drive the ball through the offside and in the classical V. Dark skies with hints of moisture to aid swing and seam of a virtually black Test Dukes ball and pitches that are spicier than ever before and offering variable bounce are the challenge India’s openers are facing up to with elan. India’s batting dominance thus far has also been helped along by the presence of Ravindra Jadeja as the batting all-rounder, which comes at the expense of the controversial omission of Ravichandran Ashwin. Crucially, India have been on top of England after the disappointment of the WCT final.
skoda_starsports
ICC Sponsorship, Design Contests Lined Up to Boost Skoda's 2.0 Strategy
The year 2021 seems to be an important one for Skoda Auto, the European auto giant, as they have unveiled the 2.0 strategy. For starters they have announced a unique design contest for all its new cars to be globally unveiled in India later this year. The winners of this contest will get to meet their head of design at Prague, Czech Republic. Realizing India loves cricket, the company is investing in the ICC Men’s T20 World Cup as broadcast partner. It may be recalled that Škoda made its first major inroad into football sponsorship by agreeing a deal with Spanish LaLiga club Espanyol. Its strategy seems to be to sponsor the most popular sports. For ICC, besides Skoda, they have already signed another auto client on board besides Nissan who are the sponsors for global cricket events till 2023. ICC has also opened Expression of Interest for media rights opportunities for various non-exclusive media rights in relation to public screening. To popularise the sports globally, they have also introduced bids to get bidders to package attractive content on any inflight or on board entertainment on aircraft, ship or train. These commercial initiatives by ICC are to boost the popularity of cricket globally by 2032 and open the door to the sport’s entry in the Brisbane Olympics.
olympics_collage
Mission TOPS Sees India Script A Historic 7 Medals Haul At Tokyo Olympics
The pioneering way of fast-tracking the high performance of India’s money-starved sportspersons, through the Target Olympics Podium Scheme (TOPS), has begun to yield dividends. Noticing the sorry plight of India’s talented sportspersons, the Modi government put in place the TOPS in September 2014, and without exception, the project implemented through the Ministry of Sports & Youth Affairs (MSYA), has been acknowledged by the country’s Elite sportspersons. The TOPS in conjunction with the Annual Calendar of Training & Competition brought succour to the National Sports Federations and the Elite sportspersons, and after 125 years of the celebration of Olympic Sports, India won seven medals, with the Panipat-born javelin thrower, Neeraj Chopra winning the first ever track and field gold medal at the Tokyo 2020 Olympics. The Sports Authority of India/ MSYA spent nearly Rs 1.9 crore to meet some of Chopra’s post Rio 2016 Olympics related expenditure. The SAI/ MSYA shelled out Rs 2.06 crore for the Sonipat-based Bajrang Punia who won the Bronze medal. The TOPS provided Rs 83 crore for the men and women hockey teams for 55 international tournaments in India and abroad (29 for men and 26 for women), 393 days of foreign exposure, including 106 for men and 287 for women, for seven foreign coaches and for National camps in Bengaluru. The TOPS is a real boon for India’s top-notch sportspersons.
Sebi
Shareholders’ Plea: Quit The Board, As Moral Turpitude Is Implicit In Disgorgement
SEBI, the capital markets regulator, has been aggressively issuing orders against entities found violating rules and making illegal gains using unpublished price sensitive information or ‘UPSI’. These orders involve consent terms for the violation and settling without admitting guilt, and also a component of ‘Disgorgement’. The term ‘disgorgement’ is defined as “the act of giving up something (such as profits illegally obtained) on demand or by legal compulsion. This brings us to a bigger and more important point of moral turpitude. Does an individual who sits on a board of a listed company as an independent director and has disgorged an amount to a regulator along with the promoter of the same company for illegally benefiting from USPI committed moral turpitude? The fact that he has used the same information as the promoter has, is testimony to the fact that he is no longer independent. Similarly, when a senior officer of an I-banker acts in a similar manner and disgorges money, the fact that he has settled consent terms amounts to having committed a breach of confidentiality. In such cases without exception, strictest of action needs to be taken and the concerned person should be asked to leave. It is time for Corporate India and minority shareholders to take the matter of ‘UPSI’ seriously and demand that action be taken against erring individuals.
vijay_dhanush_rr
Madras HC Judge Peeved At Trend Of Superstars Seeking Import Exemptions On Super Luxury Cars
Barely had the dust settled down on the cringe worthy indictment meted out to top Tamil star Vijay for evading tax on the import of his Rolls Royce Ghost, when the same Bench of Justice SM Subramaniam had to come down hard on actor K Dhanush for a similar tax evasion. Both these highly bankable stars had coveted the ultra-luxury Rolls Royce Ghost as their preferred wheels to match their status and style, paid Rs 5 crore plus for the car. This raises several questions amongst us, the common, run of the mill Aam Aadmi. Is tax payment selective and evasion even more selective? Why put a burden on with such preposterous pleas when the law of the land clearly states what tax is to be paid? Do film celebrities think that they are extraordinary people with extraordinary status? To add insult to injury, the highly bankable hero, Vijay (rumoured to earn the second highest of Rs 70 crore per film, next only to Rajinikant topping the spreadsheet at Rs 100 crore) baffled the judge some more. Under the question, occupation, Vijay did not think it needed a response! These are the filmy heroes whose every stunt, song and dance movement and thunderous dialogues are greeted with whistles and approval by a swarming, swooning audience. Hope they don’t emulate their heroes and evade tax!
amrinder_sidhu
Match On – Spirited Sidhu Versus Charismatic Captain
You may love him or hate him but you can hardly ignore him. That is the message Punjab CM Captain Amarinder Singh may have learnt from his long running feud with the cricketer-turned politician Navjot Singh Sidhu. The maverick opener’s innings as politician has transformed into a formidable presence from a quiet beginning much like his cricket career in which he was dubbed the “Strokeless Wonder” before he trained himself to become “Sixer Sidhu.” Debuting in the World Cup 1987 in Chennai, he thrashed the defending Aussies for an explosive 73, studded with five sixes. This was followed by three consecutive half centuries, all marked by the big hits that have become the staple of white ball cricket today. Having called truce in the war for Punjab Congress turf, the Gandhis are still seen encouraging younger Sidhu, 57, against Captain, 79, though the latter was the powerful regional chieftain who brought them to power in a big state. Sidhu’s threat of leaving for the AAP seems to have rattled the younger Gandhis who backed him to the hilt against the stalwart CM. Now Captain is scurrying to New Delhi to complain once again that Sidhu is still baiting him in public even after he had conceded ground to allow Sidhu to become the Congress Committee chief in Punjab. Truth is Sidhu will never tire of speaking.
tatasky
Tata Sky Plans IPO To Give Disney An Exit
In this season of tech-driven IPOs, an older tech firm from the Tata stable is also readying for an IPO. Tata Sky, the DTH provider (which also has broadband service ambitions), has been around for over a decade and has been beaming bouquets of TV channels into homes across the country. Set up as a joint venture with Sky TV of the UK, then controlled by Rupert Murdoch, it has steadily expanded its coverage. And while competitor Dish TV may cater to more homes, Tata Sky, focusing away from the bottom end of the market, is way ahead in terms of revenues. It is now a mature business and ready for an IPO. After Murdoch sold Fox TV (but not Fox News) to Disney, the Sky holding had passed on to Disney. But India was the only country where Disney had a stake in broadcast distribution, and it did not fit in with Disney’s business. So, the IPO is an exit route for Disney. It will raise some money for the company and also give Tata Sons a liquid listed asset. The investment bankers are just being appointed to prepare the draft prospectus. This will be one more share issue likely to be lapped up by the public.
I_80_freeway
Group M: Semi-Conductor Shortages May Impact Global Motoring Adspend
Group M, WPP’s media investment group, in its Global Marketing Monitor has reported: “Semi-conductor shortages will have an uncertain impact this year, especially on motor vehicle manufacturers. Related disruptions could have an impact on spending on advertising by those companies, but could also impact the electronics companies consumers rely on to access content. Both industries have options to mitigate supply chain challenges, so negative consequences are not necessarily going to be meaningful.” The report adds that top advertising auto companies Honda, BMW, General Motors shall be short of their productivity targets, though the production is down but demand is up. Ad spending could be impacted, says the report. The global shortage could have some impact on India where things are looking up for the country as a whole and the auto sector among others. Analysts say if there is a supply chain issue, then here too in India, some of the auto companies may put their advertising campaign on hold or curtail it till they are assured of regular supply. But they say the impact could be short term. Seeing demand-supply mismatch the Tata Group has announced plans to make semiconductors.  As per Pitch Madison Advertising Report 2021 for India, auto category’s advertising contribution in 2020 was Rs 3,243 crore
bsnl
DoT Yet To Get A Formal Call From Vodafone On BSNL Merger
Among its many attempts to stay afloat, beleaguered telecom operator Vodafone Idea Ltd (VIL) has offered to merge the firm with state-owned Bharat Sanchar Nigam Ltd (BSNL), another debt-laden company. Further, in an attempt to keep it afloat, VIL’s UK parent Vodafone Group Plc is also ready to offer its stake in the Indian company to BSNL for free. If a merger or stake exchange happens, VIL – which provides telecom services under the brand ‘Vi’ – would become a government entity, a move that would help it buy more time for raising funds. The company also hopes its spectrum dues would be kept in abeyance, giving it a much-needed lifeline. While the merger would bring in a number of synergies, including BSNL being able to provide 4G services, it also comes with a number of pitfalls. BSNL in itself is a loss-making firm, and a revival package approved by the Union Cabinet in 2019 is yet to bear fruit. Worse, the public sector unit is finding it difficult to pay salaries on time. Importantly, a formal communication from VIL or its promoters is yet to reach BSNL or its parent the Department of Telecommunications. “We might take a call depending on the contours of the offer, but we are yet to get a formal call,” a source in the telecom ministry said.
navin_olympics
Spotlight On Naveen Patnaik’s Hockey Nurturing As 41-Year Olympic Drought Ends
Every stakeholder in India’s burgeoning hockey community — from the fans, players, the Indian men and women teams, and Hockey India — must doff its hat to the State of Odisha, and its five-time elected Chief Minister, Naveen Patnaik. One of the very few tallest politicians in the country, an outlier if it can be said, Patnaik and his government have committed to spend Rs 150 crore on Indian Hockey from 2018 to 2023, which includes the two national teams. All the more, Patnaik is celebrating the men’s team’s bronze medal win at Tokyo, breaking the 41-year jinx, and the women’s team reaching the semi-finals. Odisha had four players in Tokyo, thanks to a plethora of academies in the State. Odisha staged the World Cup Hockey 2018, and it will do so in 2023 at the Kalinga Stadium in Bhubaneswar and the Birsa Munda International Stadium in Rourkela. With the Covid-19 affecting normal life, Patnaik may not have been able to stir out of his Naveen Niwas residence often, but over the past fortnight he would have seen India in action in Tokyo. Others like the Sahara Group and a handful of Public Sector Units have supported Indian Hockey, but for demonstrating focused commitment for the development of Indian Hockey, Patnaik stands head and shoulders above the rest.
andrew cuomo
#MeToo 2 Claims New York’s Mighty Governor Andrew Cuomo
The story of the rise and fall of one of the most powerful Democrats of the USA might culminate in his impeachment as Governor of New York: Andrew Cuomo is also facing possible criminal charges that he sexually harassed 11 women. Once married to Robert Kennedy’s daughter Kerry, with whom he had three daughters, Andrew, son of Mario, a three-time New York Governor, was once seen as a possible replacement for Joe Biden for the Democratic nomination for President. At the height of the pandemic last year, a staggering 60 million used to tune into his daily briefings on the Covid outbreak as he promised leadership in the crisis. He won an Emmy and a book deal and had the admiration of half the nation until the women emerged with horror stories of work inside a toxic Governor’s office environment. Cuomo is now under threat of becoming a poster boy for reviving #MeToo movement. Cuomo says his actions had been misconstrued, his words misunderstood. He said it was cultural: He hugs, he kisses, he says, “Ciao, bella.” He said it was generational: Sometimes he lapses into “honey” or “sweetheart” or tells bad jokes. Now even President Joe Biden is calling for his head as the 63-year-old went from hero to zero with a speed only ultra-ambitious politicians suffer.
sanjay_rahul
Sanjay Raut’s Session With Rahul Gandhi Conjures Up New Possibilities
The growing proximity between Shiv Sena MP Sanjay Raut and Congress MP Rahul Gandhi has surprised not only the traditional Congress leaders but also Shiv Sena’s erstwhile ally BJP. Both Sena and Congress are keen to further consolidate their ties not just for the Assembly and Lok Sabha elections but also for the forthcoming Brihanmumbai Municipal Corporation (BMC) elections. Despite BJP’s Mission 2022 and resentment from Mumbaikars on a couple of issues, Shiv Sena is hopeful of retaining power in BMC and for that it needs Congress and NCP by its sides to lure non-Marathi speaking voters. Chief Minister Uddhav Thackeray and Congress interim president Sonia Gandhi have been regularly interacting over phone but Raut has directly opened channels with Rahul and thereby has sent signal to the Maharashtra Congress leaders to fall in line and stop ”going solo” talk.  Raut who was part of the core team that saw the formation of Maha Vikas Aghadi gave Rahul a complete run down as to how Sena functions. An impressed Rahul is likely to visit Maharashtra soon and meet up with Chief Minister Uddhav Thackeray. Essentially, Sena is sending a message to BJP that even as it hobnobs with Congress it is not moving away from its Hindutva and Marathi Manoos agenda. Political analysts see this high profile meeting as optics and say nothing concrete will emerge until NCP supremo Sharad Pawar takes a lead.
Subramanian Swamy_003
Dr Swamy: No Political Parties Have Condemned The Genocide In J&K
Two years ago, on August 5, 2019, the NDA government led by Prime Minister Narendra Modi took a bold decision to revoke Article 370 that granted special status to J&K. As expected, two well-entrenched political parties/ families of J&K – National Conference and Peoples Democratic Party raised hue and cry and not surprisingly Pakistan also joined the chorus. But Modi soldiered on. Now, the government is talking about holding elections and restoring statehood status for J&K, among other things. But the moot point is: When will you allow the five lakh Kashmiris driven out by ethnic cleansing to return? That’s the question BJP leader and Rajya Sabha MP Dr Subramanian Swamy asked Hasnain Masoodi of National Conference at NewsX Roundtable Debate. Dr Swamy said that post 370 the situation at the ground level has improved but the local leaders (read pro Islamists) have not expressed any apology nor regret over the biggest genocide. “Five lakh Hindus were driven out and nobody from the valley has shown any sympathy.” He called for a new strategy: Modi government should seek the withdrawal of former Prime Minister Jawaharlal Nehru’s petition that sought UN intervention in Kashmir. He added: the petition is illegal as it has been filed by Nehru without cabinet approval. And his parting shot was that the all-party meeting on J&K chaired by Prime Minister Narendra Modi could have been avoided.
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100th Anniversary Of TN Legislature: A State Event For All Or Stalin’s Party Gala?
Voices of disapproval and social media whining were heard after the grand Centenary celebration of the TN Legislature on August 2. There were murmurs of protest as political leaders felt that the Chief Minister MK Stalin had turned the event into DMK, and first family affair. Five time chief minister M Karunanidhi’s portrait was unveiled by President Ram Nath Kovind. But was this august assembly which had enacted many far-reaching laws and transformed Tamil Nadu was presided over only by Karunanidhi?  What about the great Savant C Rajagopalachari or Karmaveer K Kamaraj who brought the highest principles of ethical governance to this assembly? CN Annadurai who inspired Karunanidhi and M Bhaktavatsalam, an erudite politician who was CM? What about MGR, the darling of millions who popularised the concept of mid-day meal schemes in schools? The precursor to this Assembly was the Justice Party, which at least got its due as the new Finance Minister P Thiaga Rajan could bask in the glory of his grandfather PT Rajan, one of the founders of the Justice Party. The least Stalin could have done is to have portraits of these earlier stalwarts also unveiled by the President. When public money is spent on a big event no ruling party should appropriate it. They must cut across party lines and give dues to all leaders who have built Tamil Nadu.
Sharad_pawar_001
Is Pawar Running With The Hare And Hunting With The Hounds?
NCP MP Supriya Sule once said: ”My father is unpredictable.” That was experienced this week not just by his partymen but even opponents. Sule’s father and NCP supremo Sharad Pawar, on the one hand, has taken up the role of bringing Opposition parties together to put up a joint front against BJP while on the other hand he met PM Narendra Modi a fortnight ago on the issue of amendments to the Banking Regulation Act. Two days ago he led a delegation to meet the newly appointed Cooperation Minister Amit Shah to draw his attention to problems plaguing the cooperative sugar industry in Maharashtra. To avoid speculation Pawar released a letter in which he had sought Shah’s appointment. Further, he has offered to help West Bengal Chief Minister Mamata Banerjee’s ‘Khela Hobe’ call in all the states. Parallelly, he met RJD supremo Lalu Prasad Yadav. All these actions seem to have puzzled his close confidant, BJP leaders and other political leaders. Everyone is trying to decode Pawar’s actions. Anti-corruption activist Anjali Damania, senior bureaucrats believe that Pawar will join hands with BJP soon and ditch Shiv Sena and Congress. Pawar’s purported meeting with Shah a couple of months ago at the residence of a leading industrialist at Ahmedabad had triggered the talk of two parties coming together. Like cricket, nobody can say until the last ball is bowled.
Supreme_court_MLSharma
Supreme Court Pulls Up Serial Litigant Advocate ML Sharma In Pegasus Case
Seems like this Delhi-based advocate Manohar Lal Sharma loves to court controversy. He picks up controversial cases and files Public Interest Litigations (PIL) in the Supreme Court. He hit the national headlines when he appeared as a defence lawyer for one of the accused in 2012 Nirbhaya gang rape and murder case. According to livelaw.in, a leading legal news portal, the Supreme Court on Thursday (August 5) pulled up serial litigant Advocate ML Sharma over the PIL filed by him seeking probe into the Pegasus snooping controversy. “Mr Sharma, except newspaper cuttings, what is there in your petition? What purpose you have filed the petition for? You want us to collect the material and argue your case? This is not the way of filing a PIL. We also read newspapers,” CJI expressed displeasure at his PIL. This is not the first time Sharma is being hauled up by the Apex Court. In August 2019, he got slap on his wrist for filing a shoddy petition challenging the August 5 Presidential Order on Article 370 on the very next day of its issuance. Likewise in May 2015, SC asked why he should not be debarred from filing and/or canvassing any Public Interest Litigation on account of the “irresponsible and scandalous allegations levelled by him” against the members of Parliament. He later apologised and was allowed to file PILs with certain checks.
ponniyin selvan_mani
Mani Ratnam’s Magnum Opus ‘Ponniyin Selvan’
Mani Ratnam’s cinematic genius and the late Amarar Kalki’s literary genius merge in the soon to be released magnum opus, Ponniyin Selvan (The son of Ponni). But which screen? Cinema lovers wait with bated breath for a Mani Ratnam movie; his every script and film have riveted audience to an amazing creative spark, unparalleled in Tamil cinema, and in the Hindi adaptations. So, we are justified in speculating, will Ponniyin Selvan stride the premium screens, like the cult Spartacus? Or OTT, if the pandemic plays foul? Such challenges are sleight of hand for Ratnam. Cine buffs are goggle eyed about the omnibus ensemble cast. The joke doing the rounds, except Rajini and Kamal, most Kollywood top stars are in the film: Vikram, Karthi, Jayam Ravi, Sarath Kumar, Prakash Raj, Trisha, Keerthi Suresh, Nayantara, Aishwarya Lekshmi and more top rung names. Aishwarya Rai Bachchan is in the lead. With AR Rahman‘s mesmerising music, palace intrigues, conquests and empire building, awe inspiring temples that still stand as testament to the Chola era artistic genius, beautiful women and intricate costumes, audience expectation is sky high. Ponniyin Selvan, we expect, will match the grandeur and scale of the Tanjore Big Temple, built by Rajaraja Chola, an architectural feat unmatched so far
keventer
Keventer Agro Plans To Raise Rs 800-900 Crore Via IPO
The Kolkata based Keventer Agro is looking to raise anything between Rs 800 crore and Rs 900 crore through an IPO. The proposed issue will offer an exit route to the existing Singapore-based private equity investor Mandala Capital, which holds close to a 22% stake in the company. Sources said the fresh issue of shares would be in the range of Rs 325-375 crore. While about Rs 125 crore would be kept for capital expenditure, Rs 250 crore would be used to retire debt and build a capital base to expand the business in other parts of India. The IPO, valuing Keventer in the range of Rs 2,400-2,800 crore, is expected to hit the market during Diwali. The company plans to file a draft prospectus with SEBI in the next few days. Post-issue, promoters’ holding will dip by 10 percentage points to 70%. Owned by Jalan family, Keventer Agro is the largest milk producer in the private sector in the East and the Northeast and is also the franchisee for Parle’s Fruity, Appy and FIZZ. Now diversifying to frozen foods segment, it is also a large seller of bananas, especially in Bengal. It clocked a revenue of around Rs 1,000 crore in the last fiscal. The issue is the second this year from Bengal after iron and steel company Shyam Metalics.
Aug 16: 75th Anniversary of Great Calcutta Killings Vs TMC’s Khela Hobe Divas
August 16, 1946 is mourned by millions as a day of catastrophe: Muhammad Ali Jinnah’s call for Direct Action Day in Kolkata – with the threat of ‘We shall have India divided or India destroyed’ – led to mind-numbing slaughters as bazars and homes were torched, thousands massacred. The carnage also broke the resolve of the secular leaders, who decided to buy peace by conceding to Jinnah’s demand. According to Freedom at Midnight by Dominique Lapierre and Larry Collins: “Mountbatten was haunted by the spectre of Direct Action Day staged in Calcutta in 1946 by the Moslem League in which 26,000 Hindus were killed in 72 hours.” The consequence of the Great Calcutta Killings should have been the arrest and trial of the perpetrators, but it ended up rewarding them: talks accelerated for the creation of West and East Pakistan, which became a nightmarish reality a year later August 14, 1947. Against this traumatic background, West Bengal’s ruling party Trinamool Congress’ idea to celebrate Khela Hobe Divas on Aug 16 is being decried as not only insensitive but also an insult to the memory of those butchered in the savage killings. For BJP Union Minister Dharmendra Pradhan, “Khela Hobe’ was never a poll bugle: it was always a veiled call to the cadres for unleashing stone age barbarism.” TMC has dismissed the public opprobrium as an attempt to spread hatred.
rahul gandhi_breakfast
Breakfast With Rahul Gives A New High To Opposition Unity Talks
Congress MP Rahul Gandhi’s breakfast meeting with the Opposition parties barring Akali Dal, MIM, AAP and BSP to decide strategy to take on BJP-led government on Pegasus spyware snooping, farmers’ agitation and rising auto fuel prices is being looked by the participants with a lot of reservations. Some of the participants recall that similar efforts were made ahead of 2019 elections, but Opposition unity remained merely a slogan largely due to ego and prestige issues of regional parties and Congress party’s rigid stand that they are first among equals. Some of the participants argued that the Opposition unity in a bid to put up a solid front against mighty BJP and especially against Modi-Shah duo will not happen as some parties fear retributive action by central investigating agencies. However, participants were unanimous to accept one thing that Rahul is now approachable and ready to listen to them. But for how many days, how many months, is still a million dollar question. Some of the leaders who attended the meeting hoped that such meetings do not become a non-starter like in the past. They feel there should be a concrete action plan instead of breakfast meetings which are mere photo ops. Clearly, my enemy’s enemy is my friend does not fly today. You need unity and strategy.
kamala harris
Kamala Harris The Most Unpopular Vice President, Say The U.S Polls
Kamala Harris has become the most unpopular U.S vice president six months into an administration since at least the 1970s, according to polls. The disappointing numbers are worrying Democratic strategists who were hoping she would run for President in 2024. Recent polls showed only 46% of Americans approved of Kamala with 47% and 48% disapproving of her. In contrast, Joe Biden’s approval rating in a polls average is 51.3%, and disapproval 44.9%. The only recent vice president to have such poor ratings after six months was Mike Pence, but he did not have more people disapproving than approving him. Kamala’s unpopularity among young people is a source of concern to the White House. As many as 41% of young voters (18 to 29) held an unfavourable view and she is seen particularly struggling with the Hispanic voters because of her role in the U.S. border policy and her reluctance to go to the border where migrants are eternally trying to enter the USA. Ahead of midterm elections in 2023, the White House might send her on foreign visits to boost her image. Indian Americans who played a major role in getting her on to the Biden ticket and helped enable the victory of the Democrats are a worried lot now.
PVSindhu
Sindhu Wins Laurels In Tokyo Amid High Octane Coach Gossips
Not long ago the badminton grapevine was replete with talk of the impending break up between PV Sindhu and her coach Pullela Gopichand, and when it happened a few months before Tokyo 2020, none was surprised. On their part, the celebrated All-England champion and coach, Gopichand, and his illustrious protege-turned-champion, Sindhu, have not thrown the slightest hints of having quarrelled over some sensitive issues or the other. The two have maintained dignity and have not allowed their differences, as professionals, to become grist to the rumour mill. A jewel in India’s badminton scene, Sindhu has become a true champion, winning the Silver Medal at Rio 2016 with Gopichand as coach; the World Championship title at Basel, Switzerland in 2019 with South Korean coach Kim Ji Hyun; and most recently the Bronze Medal at Tokyo with another South Korean court-side coach in Park Tae Sang. Sindhu, at the peak of her career at 26, and daughter of former India volleyball internationals, Ramana and Vijaya, and younger sibling to Divya, who is a practicing doctor, was the 13th highest female athlete in the Forbes World list 2019 with prize money and endorsements earnings of $5.5 million. Already a darling of the badminton world and India’s sports loving public, Sindhu could easily double her big-event medal collection in the next few years, and also see more endorsements chasing her.
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After Olympics, Advertisers Look Forward To ICC Men’s T20 World Cup
Now, the next big event on advertisers’ watch list is ICC Men’s T20 World Cup to be hosted in the petro-dollar venues UAE and Oman from October 17 to November 14, 2021. Reliable sources say Star Sports, the official broadcaster, which includes its video streaming app Hotstar, has already lined up event sponsors (BYJU’S, Dream11), broadcast partners (Coca Cola, Vimal) and are hoping to get on board two more sponsors. Already 40% of the inventory has been sold – with the cost for a 10-second spot put at Rs 10,000-Rs 12,000. The World Cup which will be played after Dussehra but before Diwali may prove to be bang for the buck for both advertisers and broadcasters. Star Sports which was expected to rake in around Rs 3,000 crore (that includes Hotstar) by way of advertising revenue from IPL 2021, could not hit that number as matches were suspended due to the second wave of pandemic. However, insiders are optimistic that Star Sports will earn close to Rs 1,200 crore from 45 matches to be played between 16 teams in the T20 World Cup.  It is learnt several advertisers like BharatPe, Upstox, OPPO, MRF Tyres, Booking.com have signed on as ground sponsors. As always the most keenly watched match will be one between India and Pakistan and for this match advertisers don’t mind paying a premium.
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Aug 16: 75th Anniversary of Great Calcutta Killings Vs TMC’s Khela Hobe Divas
August 16, 1946 is mourned by millions as a day of catastrophe: Muhammad Ali Jinnah’s call for Direct Action Day in Kolkata – with the threat of ‘We shall have India divided or India destroyed’ – led to mind-numbing slaughters as bazars and homes were torched, thousands massacred. The carnage also broke the resolve of the secular leaders, who decided to buy peace by conceding to Jinnah’s demand. According to Freedom at Midnight by Dominique Lapierre and Larry Collins: “Mountbatten was haunted by the spectre of Direct Action Day staged in Calcutta in 1946 by the Moslem League in which 26,000 Hindus were killed in 72 hours.” The consequence of the Great Calcutta Killings should have been the arrest and trial of the perpetrators, but it ended up rewarding them: talks accelerated for the creation of West and East Pakistan, which became a nightmarish reality a year later August 14, 1947. Against this traumatic background, West Bengal’s ruling party Trinamool Congress’ idea to celebrate Khela Hobe Divas on Aug 16 is being decried as not only insensitive but also an insult to the memory of those butchered in the savage killings. For BJP Union Minister Dharmendra Pradhan, “Khela Hobe’ was never a poll bugle: it was always a veiled call to the cadres for unleashing stone age barbarism.” TMC has dismissed the public opprobrium as an attempt to spread hatred.
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Ekta, Nadiadwala Sign On Kartik Aaryan As He Proves He Is Bankable
A few months back, when the 30-year old Kartik Aaryan lost three films in a row there were murmurs in the film trade especially the big production houses that the actor’s career is over and he may not get work as he was ousted from both Shah Rukh Khan and Karan Johar productions. On the contrary, the opposite has happened. A few well-known production houses who were chasing him have quickly signed him on.  Among them is well known producer Sajid Nadiadwala. Likewise Ekta Kapoor who is supposedly to be a close friend of Karan has taken over the project that was once to be produced by SRK’s Red Chillies Entertainment. Interestingly, Kartik seems to have carved a niche within Bollywood. He has support from award winning filmmakers like Hansal Mehta who is also directing him. Besides, producer-director-writer Anubhav Sinha has been praising Kartik on social media. The proof of the pudding is in eating and it is learnt that the actor’s remuneration too has gone up. This proves that he is a bankable star and his box office track record proves he is a big draw as a solo hero. Kartik who started his journey in Bollywood with multi-starrers It is his track record with Lukka Chhupi and Pati Patni Aur Who that won him the confidence of producers like Sinha, Mehta and Nadiadwala.
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Dining In The City Of Joy With Virat Kohli
Indian skipper Virat Kohli wears too many hats. He has opened a resto-bar in the city of joy, Kolkata. Nestled in the heart of the city, One8 Commune Kolkata is designed by Sumessh Menon, whose firm specializes in upscale, bespoke residential, commercial and hospitality interiors. The interiors are infused with the spirit of the city’s nostalgic heritage. While the vibrant blue wall, designed as a book wall, alludes to the city’s rich treasure trove of literature, arched windows, vaults and touches of cultural vibrance are inspired by the city’s architectural heritage and endeavour to bring out a warm, nostalgic ambience. Overseeing the menu is Pawan Bisht, corporate chef and R&D executive of One8 Commune, who intends to offer Kohli’s favourite dishes including mushroom googly with truffle oil and mushroom, millet-based red and white quinoa salad and sugar-free mocktail made with aloe vera juice and pineapple along with some more flavours. Sprawled over 4,500 square feet of space, the resto-bar is Kohli’s second outlet in the country after Delhi’s Aerocity. Besides becoming co-owners in the football and wrestling franchise, he has also invested in fashion brand WROGN, gym & fitness chain Chisel. Before Kohli, other cricketers like Sourav Ganguly, Kapil Dev, Sachin Tendulkar, Virender Sehwag and Ravindra Jadeja too invested in the hospitality business. While for some the ventures ended in disaster, others are quite successful.
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Why Non-Promoter Companies Command Cool Valuations?
It has been an inconclusive debate. Which is better of the two: Family-run businesses or professionally managed companies? In today’s world, the business dynamics have changed quite drastically.  So much so, private equity firms have come to play a dominant role in driving the destiny of any business. When a business entity aspires for growth, a quick one at that, a trade-off becomes inevitable. The founders, nay promoters, don’t hesitate to sell a perception and project to the world at large that their enterprises are professionally-managed. This statement attracts PE players in hordes and in the process drives up valuations. Hence, it has come as no surprise when Zomato founders declared that they aren’t the promoters as their holding dropped below 25%. Ditto: Paytm. The oldest example of a company without a promoter is that of L&T, an Indian multinational conglomerate which is professionally managed. In the case of ITC, it is 29.4% owned by UK-based BAT, again no owners but a professionally managed company. Likewise is Hindustan Unilever, a subsidiary of British company Unilever. Being a promoter does not entail benefits nor liabilities. But, in case of any eventualities – like we saw with Vijay Mallya or Mehul Choksi – the buck stops there. Giving up the promoter‘s tag to attract global PE players may be a new trend but will it last?
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After Rahul’s Tractor Rally, Top Cop Asthana's Delhi Takeover Rattles AAP Govt
The tractor rally to Parliament House on July 26 by Congress leader Rahul Gandhi caught everyone by surprise. It left the Union Home Ministry, Arvind Kejriwal’s government and the Delhi police red faced. It was an intelligence failure. According to OpIndia.com: “The tractor was sneaked into the area in a container, secretly offloaded at the office of Congress Rajya Sabha MP KTS Tulsi at Moti Lal Nehru Marg, about one and a half kilometres away from the Parliament.” The damage was done. Senior IPS officer Balaji Srivastava who took over as the 23rd Commissioner of Delhi on June 30, 2021 was immediately replaced by Director General of Border Security Force Rakesh Asthana. Some feel it was a good excuse to remove Srivastava and replace with a loyal Asthana. A 1984-batch IPS officer from Gujarat cadre, Asthana was appointed as Delhi police chief, three days before he was to superannuate. Now, in addition to Lieutenant Governor Anil Baijal, the Kejriwal government will also have to deal with Asthana. The AAP government passed a resolution in the Assembly: “It is beyond any reasonable understanding as to why a controversial officer who was removed by this Central Government from the post of Special Director CBI in October 2018 and was not considered fit for the post of CBI director only very recently, is being imposed on Delhi Police.”
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Second Innings In Bollywood: How Many Stars Succeed?
Everybody deserves a second chance. In Bollywood, yesteryear’s stars are padding up for a second innings. Mandakini of Ram Teri Ganga Maili fame, Kalpana Iyer who predominantly played a vamp role, and Farheen Prabhakar, a Madhuri Dixit look alike who married cricketer Manoj Prabhakar, are keen to return to acting, and don’t mind playing their age.  Big B was lucky. Kaun Banega Crorepati launched him into the stratosphere and there was no looking back. But, not everybody is lucky. Superstar Rajesh Khanna tried very hard to make a comeback but alas. Ditto: Popular star Mumtaz. Versatile star Govinda who is making guest appearances on reality shows, is yet to get the big break on the silver screen. Fardeen Khan is also knocking at producers’ doors and may sign up for a web series. For Madhuri Dixit-Nene the return was not a cakewalk. She has now come to terms, and settled down to judging a dance reality show, acting in a web series for Dharma Productions and occasionally cutting an album. Effectively, she is in the limelight. Shilpa Shetty had a high visibility thanks to a reality show Super Dancer, and her Yoga album, but got a break in the big screen after a gap of 11 years. Bhagyashree of Maine Pyar Kiya fame will be seen in Thalavi, a biopic on J Jayalalithaa played by Kangana Ranaut.
50th Anniversary Of The Bengali Hindu Genocide: Cry, The Beloved Country
I rise in sad remembrance of the 50th anniversary of the Bengali Hindu Genocide,” Sheila Jackson Lee, U.S. Democratic Congresswoman, offered her prayers in the House of Representatives, putting spotlight on Pakistani Army’s 10-month reign of terror known as Operation Searchlight (started on March 25, 1971) when “2 to 3 million people were killed, over 200,000 women raped in organized rape camps, and over 10 million people displaced, most finding refuge in India.” In remembrance of the Bengali Hindu Genocide victims, Tulsi Gabbard, former U.S Congresswoman and 2020 Presidential candidate, quoted U.S Senator Ted Kennedy: “Hardest hit have been members of the Hindu community who have been robbed of their lands and shops. Systematically slaughtered.” She added: “The Islamist persecution of Hindus and other religious minorities in Bangladesh didn’t end with Bangladesh’s Independence. That campaign continues to this day with horrific targeted attacks, murders, homes being burned down and families who continue to be forced to flee.” For many, this campaign has now reached West Bengal. The extent of the bloodlust unleashed after TMC’s spectacular poll victory over BJP has left pro-Hindu voices seething in despair. The NHRC is appalled to discover “a pernicious politico-bureaucratic-criminal nexus” behind 29 murder, 12 rape, and 940 cases of loot and arson during May 2 to June 20. The Calcutta High Court will hear the matter on August 2.
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50th Anniversary Of The Bengali Hindu Genocide: Cry, The Beloved Country
I rise in sad remembrance of the 50th anniversary of the Bengali Hindu Genocide,” Sheila Jackson Lee, U.S. Democratic Congresswoman, offered her prayers in the House of Representatives, putting spotlight on Pakistani Army’s 10-month reign of terror known as Operation Searchlight (started on March 25, 1971) when “2 to 3 million people were killed, over 200,000 women raped in organized rape camps, and over 10 million people displaced, most finding refuge in India.” In remembrance of the Bengali Hindu Genocide victims, Tulsi Gabbard, former U.S Congresswoman and 2020 Presidential candidate, quoted U.S Senator Ted Kennedy: “Hardest hit have been members of the Hindu community who have been robbed of their lands and shops. Systematically slaughtered.” She added: “The Islamist persecution of Hindus and other religious minorities in Bangladesh didn’t end with Bangladesh’s Independence. That campaign continues to this day with horrific targeted attacks, murders, homes being burned down and families who continue to be forced to flee.” For many, this campaign has now reached West Bengal. The extent of the bloodlust unleashed after TMC’s spectacular poll victory over BJP has left pro-Hindu voices seething in despair. The NHRC is appalled to discover “a pernicious politico-bureaucratic-criminal nexus” behind 29 murder, 12 rape, and 940 cases of loot and arson during May 2 to June 20. The Calcutta High Court will hear the matter on August 2.
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Rahul ‘The Wall’ Dravid Defends Rookie Batsmen
The most famous “Wall” of world cricket, Rahul Dravid completed his first assignment as head coach of the Men in Blue in the six-match white ball series against Sri Lanka in Colombo on Thursday night (July 29). Someone who gives precedence to the “process” of development for the young and upcoming, and not unduly bothered by outcomes, the 48-year-old put up a stoical demeanour after a weakened Shikhar Dhawan team (Prithvi Shaw and Suryakumar Yadav were on way to England, and a few more were not available because of COVID-19 related isolation) were groping for answers to the cunning Lankan tweaker Hasaranga, and went down 1-2 in the Twenty20 skirmish. A part of the phalanx of the Indian middle order for more than a decade that had Sachin Tendulkar, Sourav Ganguky and VVS Laxman, Dravid was on the spot explaining that every generation takes time to find its feet in international cricket, and that he was not disappointed by the tyro Indian batsmen being outsmarted by the Sri Lankan bowling which he described as of the top drawer stuff. The big question that cropped up was: would Indian cricket see him in a similar role in the future. His answer was: “I have enjoyed this experience, but I have not thought of anything far ahead. There are a lot of challenges in doing full-time roles.”
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With Bommai In Driver’s Seat Yediyurappa’s Son Vijayendra Still A Force To Reckon With
With his father BS Yediyurappa’s (BSY) aide and minister Basavaraj Bommai in the saddle, BY Vijayendra is still a force to be reckoned with as Karnataka comes under a new regime. The central BJP leadership tried its best to bring a more amenable CM in Bengaluru who would listen to New Delhi. But with elections not far away and the Lingayat factor too strong to ignore, BJP’s top brass had to compromise. Under the new dispensation too, Vijayendra will still be a powerful factor, operating from behind the scenes. BSY, the principal architect who created a foothold in the South for the BJP, had to be kept on the right side of equations despite BJP’s compulsion in not sending the party into the polls under an 80-year-old two years hence. With his non-communal approach and his inclusive vision, BSY was a tall regional chieftain who took an independent stand. Faced with rising cases after the lifting of most lockdown restrictions, Bommai has his task cut out in his State to control Covid first and then raise his sights on the elections. This is where he will be leaning on Vijayendra the most as he was the architect who brought Congress and JD(S) MLAs on board for his father to win back the State.
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Covid-Induced Financial Stress Sees Elite Students Migrating To Sarkari Schools In Tamil Nadu
Time was when party and kitty group talk would debate how early a pregnant woman registered her kid for the top, uber sought after private school. Tamil Nadu has one of the best school systems in the country and only financial status decreed which school your ward would join. Greater Chennai Corporation (GCC) alone runs 281 schools, with 300 private schools, some most sought after. There is this convent school in Nungambakkam where aspiring parents or proxies queue up at 4 am to get the admission forms. Such proven citadels of education enhance a CV when applying for a job. The pandemic has hit middle class families hard, what with job losses and back breaking medical bills. This year there is a 33% rise in GCC schools. Of 27,843 enrolments, 15,000 are from Private and Government-aided schools. These GCC schools are no pushover. They are SMART schools, with good infrastructure, toilets, clean water and fairly good English medium teaching. Recently a Rs 280-crore makeover plan has added more sheen. TN has always been in the forefront of education. It was first to introduce mid-day meal schemes to attract underprivileged kids and cut dropout rates.  Now the GCC has just announced an innovative and inclusive strategy. Crowdfunding for further improving infrastructure and educational aids. The South leads in the most significant development index — Education.
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Why Karnataka Chief Minister BS Yediyuruppa Stepped Down?
It was BJP’s calculated decision to ask party’s poster boy and Lingayat face BS Yediyuruppa to resign as Chief Minister of Karnataka. His continuation may have led to factionalism with the opposition hurling allegations of corruption. The decision was taken after a series of meetings between the RSS and the BJP leaders, especially Home Minister Amit Shah and JP Nadda while keeping PM Narendra Modi in the loop. Even though Yediyuruppa is credited with BJP’s growth in Karnataka and its opening in south India, RSS and a section of BJP realized that this asset may become a liability ahead of the next assembly elections. Party insiders have not forgotten how the mining barons, Reddy Brothers, called the shots a few years ago and caused a major harm to the party’s image. The Parivar is clear that contractors and fixers should not be allowed to create their clout and tarnish the party’s image. Had Yediyuruppa continued, RSS feared that the party’s image may have taken a beating due to alleged links between CM’s relatives, close aides and middlemen. Ultimately the party took a call to send off Yediyuruppa honourably instead of sacking him publicly! RSS activists BL Santosh, Krishna Gopal played a major role in making a strong argument for a change.   On February 1, 2021 shortpost.in published a story that hunt was on to replace BSY.
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BS Yediyuruppa: The Four-Time CM Who Never Completed His Term
The Lingayat supremo and Karnataka Chief Minister BS Yediyuruppa (BSY) who built up the BJP from scratch in Karnataka was ousted for the fourth time when well short of anything close to a full term, but on this occasion by his own party BJP. With his son BY Vijayendra operating as an extra constitutional authority, Yediyurappa was under pressure from critics within his party even more than the central leadership in New Delhi. Too many ministers took offence at the ‘virtual CM’ role played by his son and were bent upon using the age of 75-year rule of BJP to target BSY saying he was too old to be able to stop his son. However, BSY’s mission since making an offer to PM Modi to resign on health grounds on July 10 was to get his son into any post, at the Centre or as Deputy CM in succession plans, including those which envisage bringing a non-Lingayat as CM. The observers feel that the BJP is being held to ransom by the numerically strong (upto 17%) and influential Lingayats and their seers. With BSY being asked to associate with finding a successor, it would be interesting to see who will be the CM. It is a remarkable story for a 78-year-old who had spells of seven days, three years, three days and two years in four terms as CM.
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Why EPS and OPS Met Prime Minister Narendra Modi?
The animosity between former Tamil Nadu CM Edappadi Palanisami, EPS and his deputy O Panneerselvan (OPS) seems to have intensified ever since DMK came to power. Compounding it further is the re-entry of VK Sasikala on the scene. This is why speculation is rife why both EPS and OPS headed separately to the Capital to meet the PM. There are different versions. Were they beckoned or summoned? Or did they go to complain about the vendetta raj unleashed by Chief Minister MK Stalin? The ED has raided former minister RS Vijaya Bhaskar. Another viewpoint, the duo had gone to personally handover their version of the wealth trail of DMK supremos. Finally, a vanilla version: the pair were to appraise the PM about vaccine shortage, the NEET issue, Mekedatu dam problem and other issues. This unscheduled trip seems straight out of the Panchatantra Tales…rewind to JJ’s body lying in state before her internment. A sobbing Sasikala, and a reassuring Modi who consoled her. Fast forward to Sasi’s homecoming from jail, and her sky-high expectations that she could just walk into the AIADMK and reclaim her rightful place. Ground reality proved otherwise. Is this an attempt to bring the duo to heel, and make them accept Sasikala as the General Secretary of the party? More importantly, an ambitious plan to bring it under the BJP Chhatra Chaya?
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Now, BSNL Seeks Rs 39,000 Crore DoT Dues For Turnaround
On the brink of a collapse, Bharat Sanchar Nigam Ltd (BSNL) was expecting the Union Cabinet approved 2019 revival package – which included a Voluntary Retirement Scheme (VRS), monetisation of assets and 4G rollout – to nurse it back to health. While the State-owned telecom behemoth implemented the VRS scheme in 2020, letting go of nearly 79,000 employees, the other plans in the package are yet to materialise. Forget being profitable, BSNL is now finding it difficult even to pay salaries on time. According to sources, the company is now seeking arrears of about Rs 39,000 crore from the Department of Telecommunications (DoT) to tide over the financial mess, rather than waiting for the implementation of the revival plan. This, according to the various unions and associations of the public sector unit, is under various heads such as salaries and pension contribution of officers deputed to BSNL by DoT, financial support to be provided for rural telephony services and cost of surrendered CDMA spectrum among others. Last week, the representatives of BSNL’s various unions and associations met Communications Minister Devusinh Chauhan and apprised him about the dues, and the delay in crediting of salaries and 4G rollout among others. The minister had assured to look into the issue, a source said, adding, “fingers crossed”.
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Apeejay Group Sells Off Their UK Tea Business
Apeejay Surrendra Group have sold off their interest in the UK-based Typhoo Tea to London based private equity firm, Zetland Capital. Post sell off, the PE firm led by dealmaker Ahmed Hamdani, has become the majority shareholder of Merseyside, the Liverpool-based company which has been battling heavy losses over the past few years. As per the agreement, the licence to sell teas under the Typhoo brand in India will remain with the Apeejay Group for the time being. The Kolkata-based Pauls, with interests in real estate, hotels, shipping, tea plantations and logistics, had bought the 120-year-old UK-based Typhoo Tea from Premier Foods for £80 million in 2005. The Pauls launched Typhoo packet teas and herbal infusions in India in 2008, building on its famed British legacy. Typhoo Tea’s troubles began after its strategy to ramp up sales at its private label business floundered badly. The prolonged uncertainty over Brexit also hurt badly. The Pauls decided to exit Typhoo Tea because the British venture was bleeding and needed huge cash infusions. Founded by John Sumner Junior in 1903, Typhoo Tea was the first to sell ready-packaged and also the first to launch a green tea blend in the UK. Typhoo’s brand portfolio includes: Glengettie, Melrose’s, instant tea Lift, organic Heath & Heather, and speciality tea Ridgways of Londo
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Mirabai Steals The Thunder At Tokyo, And A Petulant Manika Sulks
Tokyo 2020 Olympics  began with a bang for India when Manipur’s Mirabai Chanu, all of 4.11 “ in height, and 49 kg in weight, bagged the silver medal in the snatch and clean and jerk competition.. While the diminutive Mirabai has stolen the thunder from the rest of the athletes, even getting a cash reward of Rs 2 crore from Indian Railways, Manika Batra, a bright spark in the first few days of the Olympics, has ruffled the feathers of the table tennis fraternity by rejecting the national coach, Soumyadeep Roy, to guide her at onsite. The tall 26- year-old from Delhi, Manika who began her first lessons at Sandeep Gupta’s academy in Punjabi Bagh, relocated to Pune two years ago in order to be close to her personal coach Sanmay Paranjape. Manika, who was ranked World No 46 in March 2019, dropped to a low of 79 in September. It has been in the 60s since November 2019. She appeared to be petulant at being denied the opportunity to be coached and mentored from the court-side by Paranjape. He was in the stands though. After winning two matches, Manika was outplayed by Austria’s world no. 17, Sofia Polcanova in the third. The authorities believe that rules have to be adhered to, and nominating a personal coach for any competition, and not the national coach, would open the Pandora’ s Box for them.
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S Mukerji: How His Movie ‘Nagin’ Created The Cult Classic
Sashadhar Mukerji became a legend in his own lifetime. Popularly known as S Mukherji, his contribution to the Indian film industry remains unparalleled. Mukerji, who initially joined Bombay Talkies and went on to create Filmistan and Filmalaya Studios was known as the man with Midas touch. Everything was a hit – his movies, stars, songs. In fact, people who worked closely with Mukerji say that he had an ear for music. They say he had the knack of picking the right ones when a music director gave him a choice of 10 tunes for a song. Naturally this success created a lot of enemies within the industry, and they would spread rumours about his movie. A similar thing happened in 1954 when he released Nagin, famous for its song Man Dole Mera, Tan Dole Mera sung by Lata Mangeshkar to the accompaniment of Been music.  His rivals said snakes were entering the cinema halls the moment Been music played. This rumour kept the audience away from the theatres for a few days. But, not for long. Not only was the movie a super hit but the Been music became synonymous with snakes and snake charmers. And of course, the movie established Vyjayanthimala’s career as a star.
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Raj Kundra Arrest Seen Unlocking Bollywood’s #MeToo 2.0
The #MeToo movement seems to have resurfaced in Bollywood but in a new avatar with the arrest of Raj Kundra, husband of film star Shilpa Shetty, for allegedly exploiting young girls and actresses to make adult content for his mobile app. Not many cases of #MeToo were reported during the Lockdown but a couple of high-profile cases of sexual assault and exploitation were filed. FIRs were filed against Bhushan Kumar of T Series fame; and Ajit Thakur, former head of content, Reliance Industries. But, no action was taken as both have stated they were ‘victims’ of extortion. Tanushree Datta, who led the #MeToo movement against veteran actor Nana Patekar (the charge failed in the court); and Payal Ghosh against filmmaker Anurag Kashyap are trying to keep the issue alive via media. In the past names of Alok Nath, Vikas Bahl, Sajid Khan, Kailash Kher, Rajat Kapoor, Subhash Ghai and Anu Malik surfaced. Recently, actress Prachi Desai talked about her #MeToo experience. And so did Priyanka Chopra in her book Unfinished though without dropping any names. An actress confides that most people who had spoken out against big names have settled the issue for “consideration”. This is the reason the entire movement within Bollywood has gone kaput. So, will the adult stars like Poonam Pandey, Gehna Vashishth and Sherlyn Chopra revive the #MeToo movement
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RSS Stands Rock Solid Behind Modi In Dealing With Pegasus Storm
It is not just BJP leadership which is united to counter Opposition parties on the controversy over the alleged snooping by Israeli cyberarms firm NSO Group by using Pegasus spyware but also the RSS functionaries and the members of Parivar who are solidly behind Prime Minister PM Narendra Modi and the government at the Centre. Pegasus is a spyware that can be covertly installed on mobile phones. The common thread: It is a conspiracy by the Opposition parties to defame and discredit not just the BJP-led government but also India at a time when the country is weathering the coronavirus pandemic. Days after the expose by news agency and the Opposition’s attempt to disrupt parliament, RSS leaders including BL Santosh, Krishna Gopal and Suresh Soni internally met and later communicated with Home Minister Amit Shah and Parliamentary Affairs Minister Pralhad Joshi extending their support to the government. They assured to talk to Modi for a possible tie-up in a serious bid to argue government’s case among the people. After the scrapping of Article 370 and the NRC and CAA, it is RSS’ turn to be with the government to foil the Opposition and Left wing organisation’s attempt to target BJP, especially Modi.
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Didi Returns For Khela Hobe: How’s The Business Josh?
West Bengal Chief Minister Mamata Banerjee’s return serve, to use a tennis phrase, seems faster than what BJP had anticipated. Even though Didi has won the game comfortably she is not happy. A reliable source says that hurt by party deserters her ire is directed at the mastermind – BJP. And she is doing everything within her might to put BJP on the back foot. For starters, Governor Jagdeep Dhankar who has been highlighting horrific post-poll violence has been called ‘corrupt’, Nandigram election results challenged in the High Court, HC judge handling that case has been asked to recuse from the case by her and now she pledges Khela Hobe with focus on 2024 Lok Sabha polls to oust BJP. In doing so, Didi, according to a businessman, is missing wood for the trees. Election is past tense; now the most important thing before Didi is the West Bengal economy. And she has not made any statements about giving fillip to state industrialisation. The business fraternity, he says, will not embark on any green field projects but perhaps do incremental brown field projects. To avoid being caught in the crossfire in the slanging match between the Centre and State, some businessmen are thinking of relocating out of India. If Didi focusses on West Bengal economy all other problems will solve itself.
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Mary-Manpreet India’s Proud Flag Bearers For ‘Gender-Balanced Olympics’ In Tokyo
The land of the rising sun, sumo wrestling,  sushi food, and prime minister Yoshihide Suga is all set to unveil the Games of the 32nd Olympiad  on July 23, 2021.  The pandemic-caused delay of the Summer Games by a calendar year, has acquired a handful of monikers, notably COVID Games and TV-Screen Games, but the most significant is the one described by the International Olympic Committee, that starts the two-week competitions with the opening ceremony pageant, full of pomp and parade. The IOC has put down “Tokyo 2020” as the most gender-balanced games with more than 200 nations given the option to nominate for the first time, a male and female athlete as flag bearers at the opening ceremony. It’s a norm for countries to nominate its most decorated sports persons taking part in the Olympics for the opening day spectacle that’s much critiqued for a variety of reasons. At the second “Love in Tokyo” games (Tokyo was the host in 1964), India’s flag bearers will be its boxing icon, Manipur’s Mary Kom and the male hockey team captain, Punjab’s Manpreet Singh. Mary is a London Olympics bronze medalist and Manpreet is a two time Olympian (2012 London and 2016, Rio). Mary will be the third woman athlete after Shiny Wilson (1992 Barcelona) and Anju Bobby George (2004 Athens) to be bestowed the honour of leading India’s athletes in the march past.
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Is Stalin Looking For Man Friday In Delhi?
With the DMK returning to Fort St George after a considerable hiatus, expectations are running high among people. After all, it is a dream come true for MK Stalin, the son of former chief minister late M Karunanidhi. Having become the chief minister, Stalin is in an ideal position. In his ascension to the chief minister gaddi, DMK has an opportunity to refurbish itself to play a decisive role in the national politics. If politics is an art, late Karunanidhi proved himself to be a fine artist. When Karunanidhi was around, he had in him an astute Murasoli Maran, his nephew and Member of Parliament for 36 years. The senior Maran was Man Friday for the former chief minister. And he played the perfect communication bridge between the then DMK government and the ruling class in New Delhi. The erstwhile combination in the DMK kept political channels open all the time. This worked well for the welfare of the state of Tamil Nadu time and again. The connecting line appears to be conspicuous by its absence now. That seems to have put the DMK government under Stalin at a disadvantage. And, that is not doing any good for the Stalin regime. You stay connected in politics. That can be done by a mature mind.  Well, Stalin has a quick job on hand.
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Is AIADMK’s Ousted Leader Sasikala Scripting Her Comeback?
Chennai’s Greames Road Apollo Hospital is often a stage for intense political drama as VVIPs get admitted there, and warring VIPs come calling. AIADMK presidium chairman Madhusudanan was rushed to Apollo on July 20. Former Tamil Nadu CM Edappadi Palanisami and his entourage came calling to see the ailing presidium chief. Imagine his predicament when he heard that Madam Sasikala, his arch enemy and political nemesis was on the way for the same purpose. Ousted AIADMK general secretary VK Sasikala was not just on the way but was travelling in a car similar to J Jayalalithaa’s with the AIADMK flag fluttering proudly on its mast. Edappadi could only squirm and sputter. Many a mighty political warrior had been quelled by the lady in question. He quickly gathered his herd, and exited from Apollo, even as madam’s car stopped in the portico. Now the memes and sarcasm are flooded with the question, will the Presidium Chief be ousted from the party for being in her company? Remember, her recent bizarre strategy of calling up party malcontents in the dead of night, shoot the breeze, record the conversation and go public with such chats has chucked out quite a few from the AIADMK for anti-party activities! Some people have a talent for whipping up trouble. Sasikala is intent on a hostile takeover.
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Spiritual Kancheepuram Mutt Launches Ad-Free Kamakoti TV
The raging pandemic has triggered in its wake a social distancing of an unusual kind. That has reconfigured the relationships. While relatives staying afar have become digital friends, immediate neighbours have become close relatives. Indeed, the world has changed so much since the outbreak of the virus early last year. Well, that has brought connectivity issues for many religious institutions. The Kanchi Kamakoti Peetam in Kancheepuram, Tamil Nadu has now sought to overcome this by embracing the digital platform. It is all set to launch a web TV in the name and style of Kamakoti TV. Coming up with the blessings of the current Shankaracharya, it will go live on the auspicious Vyasa Puja Day – July 24. The ostensible objective of launching a TV is to reach the programmes and events of the Mutt to devotees across the globe. Also, the devotees are assured of an ad-free experience of watching the Mutt programmes. Mutt followers – young and old alike – can now hope for a round-the-clock spiritual delight with the advent of Kamakoti TV.  Shri Kanchi Kamakoti Peetham was established by Sri Adi Sankara in the year 482 BC and has the distinction of an unbroken line of 70 Acharyas.

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.