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Hours after the U.S. bombed Iran’s three key nuclear facilities on June 21, PM Narendra Modi spoke with President of Iran Dr Masoud Pezeshkian. “We discussed in detail about the current situation. Expressed deep concern at the recent escalations. Reiterated our call for immediate de-escalation, dialogue and diplomacy as the way forward and for early restoration of regional peace, security and stability,” Modi said in a post on X. The conversation assumes significance as many Indian students are still in that country, hoping to return back home. Teheran had evacuated Indian students with the help of our mission to leave Iran via Armenia and Doha. Some batches of students managed to reach Delhi. Our mission in Tehran has been helping students from Nepal and Sri Lanka also to leave Iran. Pakistan too rushed to condemn the attack and said that Iran had all the legitimate right to defend itself under the UN charter. The official comments by Pakistan come days after its Field Marshal Asim Munir visited White House for a lunch hosted by President Trump. Pak reaction seemed odd considering the initial reports suggested that the U.S. plan was to use Pak base to attack Iran. But now media reports indicate that the U.S. Stealth bombers were flown from Missouri for over 37 hours and had refuelled mid-air to carry out the operation. Clearly it seems President Trump did not trust Gen Munir and had a surprise element in the strikes. In Iran, Hossein Shariatmadari, the Iranian Supreme Leader Ali Khamenei’s representative, has called for immediate retaliation. He talked about launching a missile strike on the U.S. naval fleet in Bahrain and simultaneously closing the Strait of Hormuz. Any adverse action in Hormuz could hurt India.
Andhra Pradesh chief minister N Chandra Babu Naidu’s son Nara Lokesh is clearly moving centre stage in politics. The 42-year old Minister for IT and Human Resources Development came for high praise from PM Modi on the way he organised the International Yoga Day event in Visakhapatnam. The event was a logistical success with Lokesh overseeing extensive arrangements. Modi specifically praised Lokesh’s efforts, a gesture that resonated widely within TDP circles and reinforced his growing stature. He managed to mobilise a record crowd of 302,087 at Visakhapatnam alone. Calling him bhai, PM Modi said “I want to praise Lokesh profusely. He has proved how a social celebration should be planned, and executed and how all sections of society should be brought together in just one and a half months”. How Lokesh had organised the Yogandhra Abhiyan should serve as a role model for the rest of India. In this abhiyan, two crore people took part in it (referring to events across mandals). This is the cardinal principle of the Viksit Bharat, said Modi. TDP spokesperson Prof Jyothsna Trinagari said the Visakhpatnam numbers were double of Surat which was about 1.47 lakh. A notable highlight of the event was the use of a QR code-based participant tracking system, which yielded highly accurate attendance data, setting a new benchmark. Of course, it is not that Lokesh had suddenly moved into the spotlight; he has had a number of high-profile engagements with national leaders, including a one-on-one dinner with Modi on May 17 along with his family and meetings with key Union Ministers. These suggest that he has been slowly emerging as key interlocutor for Andhra and TDP — he has been acting as a bridge between the Centre and the state.
Just a year for the most bitter battle for the Tamil Nadu gaddi and a whole host of chinks and breaches in the DMK armour are tumbling out. Is the DMK being dismantled by a cunning Chanakya? Are DMK MP K Kanimozhi and MK Alagiri being instigated to rebel against a dynastic family succession? Political seers are seeing red at every turn. The latest buzz about the Maran brothers, Kalanithi and Dayanidhi fighting for their share of spoils has shaken the DMK leaders and cadres. The father of Maran brothers, Murasoli Maran was Kalaignar’s (nephew) alter ego, power broker and conscience keeper. The two families grew wealthy and powerful even as the DMK’s political relevance grew to sustain the families. Kalanithi, founder of the SUN TV Group, an entrepreneur with an unfailing Midas touch and brother Dayanidhi too basked in the sun’s radiance and held sway in Delhi. The timing of the fallout is what everybody is questioning. Whose hidden hand is at work? The recent star status accorded by PM Modi to Kanimozhi (Stalin’s step sister) to lead an all-party delegation post Operation Sindoor indicates she is a power centre in her own right. Was she given the plum role to highlight that she too was ready for the state’s CMship? On his recent visit to Madurai, an estranged Stalin made amends by calling on older brother MK Alagiri, who assured Stalin that he is no longer interested in politics and would create no trouble as the family’s “Southern Satrap”. BJP knows that 2026 may be too early to make a significant dent in the iron grip of the Dravidian parties. But chipping away brick by brick could dent that grip. Chanakya at work on many fronts.
After spending two years at 10 Janpath with his mother Sonia Gandhi, Leader of Opposition in Lok Sabha Rahul Gandhi is moving into a new address. He started the process of shifting on his birthday on June 19. It is being said 5, Sunehri Bagh Road, barely two km from 10 Janpath, will be his new address and Rahul will move into the Type VIII bungalow before the Monsoon Session of Parliament starting July 21. The Sunehri Bagh residence was earlier occupied by Karnataka BJP leader A Narayanaswamy, who was Minister of State for Social Justice in the Modi government from 2021 to 2024, and had not contested 2024 Lok Sabha polls. Since he became an MP in 2004, Rahul has been staying at 12, Tughlaq Lane for 19 years till 22 April, 2023. This was the house he had to vacate after he was disqualified from Lok Sabha following his conviction in a defamation case involving PM Modi. He was given the choice of moving back to 12, Tughlak Lane — but it was believed that it lacked an auspicious vastu and the Gandhis declined moving back. Rahul had the option of paying market rent and continuing to stay in the bungalow after filing an application but he chose to stay with his mother. He continued to stay at 10 Janpath even after the Lok Sabha election and assumed the chair of Leader of Opposition.
Shares of Sun TV Network crashed over 5% on June 19 after a family feud came to light. Dayanidhi Maran accused elder brother Kalanithi Maran of taking control of the Rs23,000 crore Sun TV through fraudulent practices soon after their father Murasoli Maran’s death in 2003. Now, there are reports that the legal battle over Sun TV ahead of Tamil Nadu assembly elections has begun to worry the ruling DMK. DMK leaders have begun to worry how they would face the polls without media, muscle and money. They are not only feeling caught between feuding Maran brothers but also feel they have no answer for the TASMAC liquor scam involving close aides of Deputy CM Udhaynidhi Stalin. Sources close to DMK say Dayanidhi’s revelation is bound to please chief minister MK Stalin’s son-in-law V Sabareesan as well as be music to ears of his sister DMK Lok Sabha MP Kanimozhi, who also runs a TV media network Kalaignar. Both Sabareesan and Kani have been in cold and watched Udhaynidhi flex his muscles. In his notice, Dayanidhi sought to restore the Sun TV’s shareholding structure to its pre-September 2003 status. This implies that Dayanidhi and his sister, Anbukarasi Maran, along with MK Stalin, and his two brothers and sister, would be the owners of Sun TV, as Kalanithi did not own any shares in the company 22 years ago. Dayanidhi says that after their father’s death, Kalanithi took over more than 75% of the company, while the shares held by their parents were reduced from 50% to just one single share. He claims Kalanithi used none of his own money to do this. He has threatened to request a government investigation by the Serious Fraud Investigation Office if Kalanithi does not agree to fix the issue. The notice says that when Sun TV was founded in 1985, the only shareholders were MK Dayalu (Karunanidhi’s second wife) and Mallika (Murasoli Maran’s wife).
The West Bengal government’s action is once again under scrutiny after political cartoonist Manjul received a takedown notice from Cyber Crime wing of the state police. News website, The Wire, reported that the notice targeted two 2019 cartoons featuring chief minister Mamata Banerjee; one depicting defections from TMC to BJP, and the other on chit-fund scams under her regime. The state police cited alleged legal violations behind the notice. Earlier in March, FIRs were filed against CPI(M)’s Mohammad Salim and BJP IT cell head Amit Malviya for sharing a video showing a woman being flogged by a TMC leader in North Dinajpur’s Chopra. The post led to public outrage, prompting police to seek content removal. These instances reflect a long-standing pattern. In 2012, Jadavpur University professor Ambikesh Mahapatra was arrested for forwarding a cartoon featuring Banerjee; his case dragged on for a decade. Farmer Shiladitya Chowdhury was branded a “Maoist” by Banerjee after questioning fertiliser prices, then detained and legally pursued. In 2019, Sanmoy Banerjee, ex-Congress spokesperson, was arrested for criticising the chief minister’s nephew. In June 2022, YouTuber Roddur Roy was arrested from Goa for allegedly abusing Banerjee and her nephew. In 2023, advocate and former Congress spokesperson Kaustav Bagchi was also detained for allegedly derogatory remarks about Banerjee. Both later joined the BJP. Notably, during protests over the rape and murder of a junior doctor at Kolkata’s RG Kar Medical College in August 2023, artists criticised the state’s response. In retaliation, the TMC initiated a cultural boycott led by Kunal Ghosh, backed by MP Kalyan Banerjee and Education Minister Bratya Basu.
After Opposition parties BJD and Congress lashing out at Majhi government’s performance, it’s now the turn of titular Puri King expressing his displeasure and disappointment. He has openly shown red flags to CM Mohan Charan Majhi’s administration capability over preparation of Lord Jagannath Temple’s Ratha Yatra in Puri on June 27. The King said, “Everyone thought the Majhi government will make darshan hassle-free at Lord Jagannath temple but nothing has happened so far.” Everything is moving at a snail’s pace and the entry/exit of devotees seeking Lord Jagannath’s blessings is yet to be finalised. This is because the temple management committee has not been formed in the last nine months despite King’s personal written request to the Majhi government to appoint the temple governing body. Meanwhile, the Shree Jagannatha Temple Administration (SJTA) management committee issue has now snowballed into a legal issue to be decided by the Odisha high court. According to Odisha Law Minister Prithviraj Harichandan the delay in appointing the temple management committee is because one ‘sabayat’ and seven others had moved Odisha HC challenging the inclusion of two individuals in the sacred ‘patabola seva’ — a ritual service traditionally reserved for hereditary sevaks of the Puri Jagannath Temple. In the recent HC interim order on 19 June by Justice RK Patnaik, he has now directed SJTA to consider excluding finalisation of two names of the new temple committee members for participating in the committee meeting since it is reserved for hereditary sevaks.
West Bengal chief minister Mamata Banerjee has targeted the BJP for distorting Bengal’s contribution to India’s freedom movement through the recently released film Kesari Chapter 2, starring Akshay Kumar, R Madhavan and Ananya Panday. Banerjee and the ruling Trinamool Congress (TMC) have accused the filmmakers of deliberately altering the names of iconic Bengali revolutionaries, alleging that this was done with political intent, as Kumar is known to be close to PM Narendra Modi and the BJP. According to Didi, the BJP had been consistently targeting the state and its rich cultural heritage. The film, directed by Karan Singh Tyagi, released in theatres on April 18 and later on OTT platform JioCinema, has now landed in controversy. A formal police complaint has led to a FIR under multiple sections of the Bharatiya Nyaya Sanhita (BNS) for allegedly insulting freedom fighters and misrepresenting historical facts. Ranjit Biswas, a resident of Nabapalli Sector IV in Bidhannagar South, filed the complaint, claiming that the courtroom scene in the film related to the Muzaffarpur Conspiracy Case misrepresents revolutionaries Khudiram Bose and Barindra Kumar Ghosh. In the movie, they are portrayed as ‘Khudiram Singh’ and ‘Birendra Kumar’ from Amritsar, which Biswas called an “insult to Bengal’s martyrs.” Following the complaint, the police have registered a case under BNS Sections 352 (intentional insult), 353(1)(c) (public mischief), and 353(2) (dissemination of false information). The TMC has demanded an apology and correction, accusing the film of whitewashing Bengal’s revolutionary history.
The Bharatiya Janata Party in Maharashtra is facing some sticky moments over the entry of two controversial politicians, both belonging to the Shiv Sena (UBT). BJP sympathisers and supporters are perturbed over the welcome accorded to Sudhakar Badgujar and Baban Gholap, both from Nashik in north Maharashtra. Badgujar was till a fortnight ago a close associate of Sena MP Sanjay Raut. He was expelled from that party since he presented a memorandum listing civic demands to chief minister Devendra Fadnavis who was visiting Nashik. Badgujar was in the news for the past year after his pictures dancing with Salim Kutta, an alleged operator of Dawood Ibrahim, went viral on social media. Several BJP members had castigated the Sena though he had remained untouched. Even after he joined the BJP, Raut was cautious to react. Normally in the habit of launching a tirade against Sena opponents, Raut merely said about Badgujar that he would not comment on those who were not in his party. Gholap, a former minister in the first Sena-BJP alliance regime, was imprisoned for fraud and was rather inactive politically for a long time. His BJP entry was somewhat surprising for many. The BJP is facing heat for admitting the duo. Fadnavis has said that none should be held guilty unless convicted by the court. All said and done, Badgujar’s entry into the BJP has weakened the Sena (UBT) which is already facing a deluge.
Various political parties in Maharashtra are unanimous in opposing the imposition of Hindi in primary schools. The issue of teaching Hindi has provided cannon fodder to the various political outfits, which have started flexing their muscles in view of the coming local body elections. Chief minister Devendra Fadnavis has repeatedly clarified that the opposition to Hindi teaching is misplaced but this has had no effect for those who have taken up cudgels against Hindi’s teaching. For the first time in many years, the Shiv Sena led by Uddhav Thackeray and the Maharashtra Navnirman Sena led by his cousin Raj Thackeray have expressed similar sentiments on the touchy situation. Those leaders and insignificant political parties, which had been in hibernation after the Lok Sabha election, have suddenly reactivated themselves. In this atmosphere, senior leader Sharad Pawar has once again taken an ambivalent position. Pawar has indirectly supported the teaching of Hindi. In a chat with the media, while saying that Hindi should not be imposed, he has observed that hating Hindi will not be in the interest of the students. Pawar also pointed out that nearly 60% of India’s population conversed in Hindi. Pawar’s position is considered reasonable though with a rider, as usual. Other partners of the opposition Maha Vikas Aghadi are nixed since they can neither support him nor speak against him. The issue, however, has potential to impact the local body elections.
Just a few days back, the Congress interim president Sonia Gandhi gave a call for unity among opposition parties to take on the BJP. Ironically, it’s her party’s warring factions in Punjab and Rajasthan who need this unity the most. Sonia was briefed by both Ashok Gehlot and Sachin Pilot factions. Gehlot, it seems, is in no mood to entertain Pilot and his demand for cabinet expansion. In Punjab, a different drama is being played out and looks like the party is on the verge of a vertical split. The new state chief Navjot Siddhu seems to be a man in a hurry while Chief Minister Capt Amarinder Singh is in mood to surrender. He is prepared to fight internal rivals and BJP. Harish Rawat who is in charge of the Punjab unit, at the behest of the High Command, has asked Siddhu to get rid of his advisors to avoid further rift and controversies. But Siddhu seems equally adamant and belligerent. He is seeking a report card of Captain’s five-year rule. Rahul and Priyanka who were responsible for convincing Pilot not to quit the party are unable to come out with viable solutions either in Rajasthan or Punjab. Says party insiders, Congress is not just directionless but has lost vigour to save the government. Meanwhile both BJP and AAP are enjoying the fight.
Jimmy Anderson has been a magnificent manipulator of the cricket ball and a true-blue shot in the arm for England Test cricket. Not just because he has plied his trade with skill for 18 summers with the home-made Dukes, the Australian Kookaburra and the Indian SG Test, but also for the fact of hoodwinking batsmen without showing a trace of hostility. One of the finest practitioners of the red cherry is poised to reach a unique world record that would be nonpareil in the annals of Test cricket. He is a handful away from accounting for 100 Indian victims at home. In the ongoing Test at the white rose county (Yorkshire) ground at Headingley, Leeds, the red rose county (Lancashire) and England seamer caused the downfall of Rahul, Pujara and Kohli with in-swing and out-swing to take his tally to 96. With the second innings remaining and two more Tests at The Oval, and Old Trafford, the most successful operator of the shining and worn-out ball is all set to complete a terrific record. So far 193 bowlers — 121 fast bowlers and 72 spinners — have found their way into the Elite 100 Test Wickets Club, but Anderson would be an outlier in this crowd. After 15 years, James Michael Anderson, 39 is in pursuit of a century he will be proud of to have founded.
Firebrand and street smart leader Narayan Rane is now BJP’s missile against estranged ally Shiv Sena in the run up to the BMC elections. His arrest and bail have increased his stock value in Delhi. Modi and Shah have not only neglected demand for Rane’s resignation as predicted in the media after recent clashes, but they are also thinking of giving him more responsibility to revive BJP in the Konkan region which is a Sena bastion — and also delivering a befitting reply by winning BMC election. Even though a few BJP and RSS leaders are unhappy with Rane’s glorification, a thinking among majority of the leaders, given the current circumstances, is to back Rane. He is the best bet to take on the Sena in its backyard. However, a negative point is that Uddhav Thackeray-led Shiv Sena is heading the MVA government. Thackeray may use the power of his office to checkmate Rane’s feisty politics vis a vis expose BJP’s politics of opportunism in neglecting the loyalists. A senior BJP leader says that if the party fails to dislodge Sena from the BMC then Rane will have to take the blame, but if it wins then all credit will go to Rane. This brings the million-dollar question: Will he pose a challenge to Devendra Fadnavis and others in the future? Wait for BMC polls!
It has taken a magnum opus on Veer Savarkar to put in print a memory that still lives and torments millions: The memory of the 1948 anti-Maharashtrian Brahmin genocide, a “wilfully erased chapter of history.” While writing for his concluding volume on the freedom fighter – Savarkar (Part 2): A Contested Legacy, 1924-1966 – author Vikram Sampath’s crowdsourcing efforts through social media drew an outpouring of tragic personal tales from survivors and descendants of the 1948 pogrom. The book captures how the carnage started from Bombay and Pune before spreading to Nagpur, Satara, Sangli, Miraj, the Patwardhan States, Belgaum, Kolhapur, where thousands of Brahmins were either massacred or their properties destroyed; and most villages in the state were ethnically cleansed of Brahmins. Thanks to laws like the Press Act, the media was silent on it – as it was on the coverage of the Partition Holocaust against Hindus and Sikhs in the newly created Pakistan, and its Kashmir horrors. Washington Post reported on wave of looting, arson and killings; New York Times said how “the communal riots quickly swept Bombay when news of Mr Gandhi’s death was received (January 30, 1948).” The accounts of DP Mishra, home minister of Central Provinces, point to a systematic pogrom against Brahmins and how no FIRs were lodged. Says Sampath: “The tragedy apart, denying its very occurrence makes it a doubly chilling crime.”
There is a strong buzz in the Congress circle that the 72-year old veteran Congress leader Ghulam Nabi Azad who retired from Rajya Sabha as the Leader Of Opposition on February 15, 2021 may re-enter the House Of Elders. He, according to knowledgeable sources, may be elected from Tamil Nadu. The Rajya Sabha election is scheduled on September 13, 2021 for the vacancy caused by the death of AIADMK Rajya Sabha member, A Mohammedjan. Political analysts feel since DMK and its allies enjoy a clear majority their nominee is bound to win. It may be recalled that while bidding him farewell, all leaders had praised Azad for his outstanding contributions. Prime Minister Narendra Modi became emotional too. In his farewell speech, Azad shocked and surprised everybody when he said he was among the fortunate people who never went to Pakistan. “When I read about the circumstances in Pakistan, I feel proud to be a Hindustani Muslim,” he said. Many Congressmen, who respect him, feel he was side-lined as he was one of the signatories to G 23. As always, this former chief minister of Jammu & Kashmir is asking the Modi government to restore statehood before holding assembly polls. One has to wait and watch whether Azad who has always been a picture of grace and dignity will make it again.
The first phase of Subarnarekha Port, a joint venture between Tata Steel and Creative Port Development located in Odisha, is complete. This project, whose foundation stone was laid in 2019 by the Odisha Chief Minister Naveen Patnaik, seems to be on the investment radar of many companies. Sources say several of the companies are keen to invest in the ports’ berthing facility designed to handle all kinds of vessels — Panama, Capesize, Super Capesize and Containerised cargo. With the completion of the first phase the port’s handling capacity stands at 25 MTPA. In phase 2, this capacity will be ramped up to 35 MTPA. The total cost of setting up this port spread over 1,398 acres is around Rs 5,000 crore. The state government has already handed over 692.68 acre of land and the balance 705.35 acres will also be made available soon. Additionally, land requirements for road and rail connectivity are also being planned. When fully operational, Subarnarekha Port situated next door to the states of Jharkhand and West Bengal will play a major role in logistic cost sustenance and economic development of the state.
With the Calcutta High Court ordering CBI probe into West Bengal Post Poll violence and directing the Mamata government to immediately process the compensation for the victims, the political uncertainty has deepened in the state. Add to this the fear of the Third Wave of pandemic hitting the country during Durga Puja; and importantly, the need to hold bypolls in seven assembly seats before November 5 or else, technically, Didi may have to step down, if not re-elected within six months. The Election Commission (EC), looking at the ground situation in terms of pandemic and post-poll violence, is yet to announce the date. After announcing the poll dates, the EC takes at least 24 days before voting can take place. The EC has been accused of delaying the election at the behest of the Centre. But, those accusing the EC of bias, may note that in Uttarakhand, a BJP ruled state, Tirath Singh Rawat who took over as the Chief Minister on March 10, 2021 had to step down on July 2 as the EC was not ready to hold bypolls before his six-month period to get re-elected was coming to end on September 10. It may be recalled that even though her party TMC won the Assembly elections with thumping majority, she lost her seat from Nandigram to BJP’s Suvendu Adhikari, her one time confidant.
Mughal-e-Azam is considered a masterpiece in Indian cinema. This all-time hit epic historical drama directed by the renowned K Asif starring Prithviraj Kapoor, Madhubala, Durga Khote and Dilip Kumar was released in 1960. The character of Prince Salim played by Dilip Kumar has been immortalized. But not many know this great masterpiece was made in fits and starts. It took 10 years to complete it. And there were several reasons for it. One was director Asif fell in love with Dilip Kumar’s sister Akhtar and this incensed Dilip Kumar who refused to shoot till the matter was finally resolved. Besides, Dilip Kumar and Madhubala had an affair that ended around the making of this film and this took a toll on the shoots as their on-screen chemistry went awry. Finally, the pearls that were used in the shoot would break every time it fell on the floor, and the shooting had to be cancelled. It was then decided to import unbreakable pearls from Belgium and getting those in the sixties took months. It was finally released with all the fanfare at Maratha Mandir. By evening it was declared flop. This news depressed the cast which met at Asif’s house near Opera House after the premiere. Looking at all of them Asif said, “Kyon, Chehre Latak Gaye! Dekhna Ye Film Zabardast Hit Hogi.“ And it did.
Sport Climbing is a form of rock climbing that relies on permanent anchors fixed to the rock for protection. Meet Franco Linhares – a retired microbiologist, Abhijit Burman – a robotic technician, Aniruddha Biswas – a senior scientist and Anushka Kalbag – an architect, all avid climbers with big dreams to host the Sport Climbing World Cup for the first time in India. It was a difficult proposition without financial resources. Luckily, the Tata Trusts agreed to chip in. It all began with Burman organising several international climbing events in India. He then frequented Europe to convince the International Federation for the Sports (IFSC) to allow India to host the Sport Climbing World Cup. Then in 2016, India got lucky. The 2016 World Cup held in Mumbai was one of the best ever. Burman was offered the 2017 World Cup as well. Parallely, IFSC, was making a pitch for inclusion of the sports in the Tokyo Games, and one of the key criteria was that sports needed to have a global appeal, and Tokyo saw Sport Climbing making its debut. Now the foursome is looking at an Olympics medal for India in 2032, and have launched the Basalt Project, to train Indian climbers. More power to the Gang of Four.
Passing his first 100 days in office with the felicity of a seasoned politician destined to hold the highest office in his state, Tamil Nadu Chief Minister MK Stalin is drawing praise even from his opponents when his regime is long past the honeymoon stage. He showed how he values his dad’s contribution with a Rs 40 crore tribute in a grand memorial on the Marina Beach while retaining the one lesson M Karunanidhi taught him. There is no need to be vituperative in politics; and cordial relations with the Centre are conducive to the State’s welfare because the purse strings are in New Delhi. Stalin backs Opposition unity with the same intent as he did in promoting Rahul Gandhi as his choice for PM if the coalition forces make it but he will not be a street fighter in the Mamata mould. He makes his political points in cool language and devoid of theatricals. The Tamil Nadu CM lets the power of data figure in everything that his government does, which is probably something he has picked up from his finance minister. Statements are laced with facts and figures to support arguments made in sane fashion. He leads the Treasury benches saving most of his talk for the Assembly while delegating powers to his ministers. Stalin is in the running for the CM of the year accolade.
SEBI is said to be finalizing revised guidelines to pave the entry of private equity firms in the AMC business. Currently there are two to three mutual funds which are reportedly looking to get out at a decent price. L&T Mutual Fund is one of them. The 12th largest fund by the AUM size, L&T Mutual Fund manages Rs 58,000 crore worth of assets. IDFC Mutual Fund is another fund which is being eyed by the entrants wanting to get into the mutual fund space. They reckon with ESG schemes picking up, investors will be keen to look at avenues to park funds in these schemes. One of the potential private equity companies looking keenly at getting into the Indian mutual industry is Blackstone. It is believed that once regulators permit, they will be moving quickly to take a stake in the AMC of L&T and IDFC.
Tamil film Master with Vijay as a hero and Vijay Sethupathi as the villain directed by Lokesh Kanakaraj turned out to be the 2021 blockbuster despite the lockdown. A very restricted cinema release and the earliest to mount the OTT platform (Amazon Prime), Master grossed, according to industry sources, Rs 300 crore with its fast and furious story and screenplay that Kanakaraj penned. A tad lengthy, critics wished it could have been trimmed to match Vijay’s fit persona! This South Indian director is no flash in the pan, as his earlier movie Managaram (now shaping up in Hindi as Mumbaikar) and Kaithee’s success proved. Salman Khan was approached for the Hindi remake of Master. Even as the pre-production details were sewn up, Salman Khan opted out. Apparently, Salman Khan was not quite happy with the story and screenplay, and suggested some changes. But, director Kanakaraj, sources say, did not agree to be involved with the project after those changes. He has taken up another assignment to direct a film featuring Vijay, Kamal Haasan and Fahadh Faasil. The producer who has the Hindi remake rights will have to wait for now. Post the release of Master, it is rumoured, Vijay’s earnings have skyrocketed to the Rs 120 crore fee bracket. Opportunity and luck do not knock often at the doors of supplicants.
The fault finding chatter about the snail-pace run-scoring of Cheteshwar Pujara has not stopped even after his bulwark-like 206-ball 45 in the second innings of the Lord’s Test that India won following unbelievable team heroics. The thickset looking one-drop in 132 innings so far of his 88 Test matches, has come under flak for his barn door defence at the crease ever since India’s campaign in the Border-Gavaskar Trophy that the Ajinkya Rahane-led team transformed itself from a down-and-out side in Adelaide into a gargantuan at the Gabba. The fact though is that right from the legendary opening batsman Sunil Gavaskar to the captain Kohli, vice-captain Rahane and the batsman in form KL Rahul have backed Pujara to the hilt. For long Pujara has been the fulcrum around whom Kohli has accumulated runs and has given substance to the third wicket stand (2,567 runs in 46 matches/56 innings). Rahane under the cosh has joined forces with Kohli, and amassed 2,933 runs in 38 matches/ 46 innings for the fourth wicket. Pujara and Rahane have made 1135 runs for the fourth wicket for a healthy average of 45.40. The numbers speak a lot, and the negative noise following the 100 run undertaking by the ‘targeted’ Pujara and Rahane at Lord’s, may have temporarily ceased. The Pujara-Kohli-Rahane combine has delivered aplenty for Indian cricket, including some splendid wins.
The son of an auto-rickshaw driver did not get his name on to the honours board at Lord’s but he led his fellow quicks to make that famous victory possible with eight wickets in the Test. Mohammed Siraj’s intensity has undone England’s Test batsmen as much as Jasprit Bumrah’s pace. His steep angles into the right handers, but more importantly away from the left handers have had a consistently unsettling effect as they are not able to pick him. Siraj, a champion bowler in tennis ball street cricket around Hyderabad, started bowling with a hard ball only after he was 20 when in 2015 he joined Charminar Cricket Club. And when the IPL bidding stopped at Rs 2.6 crores from Sunrisers, Siraj’s first instinct was to tell his father to stop driving his 3-wheeler for a living. Siraj will be one of the charged-up skipper Virat Kohli’s main weapons as Team India goes into the Headingley Test convinced that they are the better side and must press on to win the 5-Test series. A fuller length that suits English conditions best, a deadly yorker developed from bowling the tennis ball, stamina and persistence are Siraj’s plus points. As the 5-day format gives him time to work on the batsmen, his only regret is that his dad passed on before his Test debut.
With rumours flying thick and fast, it is now reliably learnt that the Tata Sons, the holding company of the Tata Group, is in no hurry to call a board meeting to decide on the second term for its Chairman N Chandrasekaran. This means that Tata Sons is unlikely to hold a board meeting before September 14, 2021, the date of its virtual annual general meeting (AGM). Generally, a company’s board takes a call on providing an extension to its top brass, and then puts it to vote at AGMs. According to sources in Bombay House, the headquarters of the Tata Group, Chandrasekaran’s tenure officially ends next year — February 2022 to be precise. Between now and then, there is a lot the chairman is entrusted with, and hence this won’t be an appropriate time to decide on his second term. Tata Sons’ board has the luxury of time on its hand, another six to seven months to decide on Chandra’s – as the 58-year-old is fondly called – second term. With many insiders and industry watchers expecting some announcements on September 14, however, the virtual AGM would be a keenly awaited event.
Finally, the controversy-hit Rhea Chakraborty will see the release of her film Chehre this month. It was during the making of this film, the idea to act in a film opposite Sushant Singh Rajput (SSR) was mooted. Unfortunately, that didn’t happen with the mysterious death of SSR. Rhea, one of the main accused, faced trial by the media for more than a year. But the young star managed to weather it all and get her life back. Rhea is now confidently socializing, focusing on fitness and talking to producers. She seems to get her PR right as the personal attacks vis a vis SSR coverage have reduced except on Twitter where SSR continues to trend. Although the industry is not spelling it out, but it seems they have accepted her and some announcements may be made soon. Director of Chhere Rumi Jaffery may sign her for his next film. Speaking to a cross-section of people, the general thinking is: Rhea deserves a second chance – just like actor Sanjay Dutt, who spent five years in prison under Arms Act after the TADA Court acquitted him in the 1993 Mumbai serial bomb blast case. The audience has accepted him, and he continues to be the most sought-after actor in Bollywood. Well, Amitabh Bachchan and Emraan Hashmi-starrer Chehre looks like a ‘thodi si lift kara de’ moment for Rhea, which may open up new possibilities for the budding star.
Sony Television’s marquee programme Kaun Banega Crorepati, hosted by Amitabh Bachchan, is back. And despite Covid-19 pandemic hitting the economy hard, the sponsors are more than eager to sponsor this longest running reality show as it continues to have a huge draw across all sections of the society. Already 11 sponsors have been lined up for Season 13. The differentiated factor this season is the use of hi-tech technology, graphics and Artificial Intelligence. And of course, in a major break from the pandemic led restrictions, the audience is back in the studio this season. The show is one the biggest revenue churners for SET. Media buyers estimate that Sony charges upwards of Rs 4 lakh for a 10-second spot. It is around Rs 40 crore for presenting sponsors, Rs 16 -20 crore for associate sponsors. Though it is a closely guarded secret, insiders say, Big B is paid around Rs 3.5 crore per episode. Started in 2000, the first three seasons of KBC were aired on Star Plus. It then moved to Sony Entertainment Television. Big B has been associated with the show since its inception except for Season 3 when it was hosted by Shah Rukh Khan.
Fast bowlers go after wickets straight away once they get hold of the new ball. There is no better sight and thrill than seeing fast bowlers bounding in of a long run up on a first morning of a match, and as one of England’s greatest express-fast bowlers, Frank “Typhoon” Tyson, believed, challenge the opening batsmen to cut. The ball either races to the point fence, or is nicked to the wicket-keeper or the slip-cordon. The present crop of Indian fast bowlers — Bumrah, Shami, Ishant and Siraj — who have blown away England at Trent Bridge and Lord’s, not only follow the Tyson template, but have also made Joe Root’s batsmen quiver in their boots, peppering them with bouncers and sand shoe crushers (ball pitched at a batsman’s feet). This fearsome foursome, and Shardul Thakur who played the first Test, have caused the downfall of 39 of the 40 England batsmen. Former England opener Michael Carberry, who scored a century for England Lions against Central Zone in a Duleep Trophy match in 2008 summed by an Indian new ball operator’s approach saying he doesn’t believe in “setting-up”, but goes for wickets straight away. At Lord’s, Bumrah & Co, have gone to the extent of, as a handful of tabloids headlined, bullying England. Just for the record, Sharma has taken 51 wickets in England, Shami 32, Bumrah 26 and Siraj 11.
Post Chennai Express Superstar Shah Rukh Khan’s other movies like Fan, Raees, Jab Harry Met Sejal and Zero did not do well. So what does he do? Turn South and rope in one of the most successful young directors of Tamil movies, Atlee (Arun Kumar) for that magic touch, a fail-safe formula film designed to make stakeholders laugh all the way to the bank. And for added kick, two winsome and talented leading ladies have also been signed on. Tamil films’ top paid heroine Nayantara and the young bubbly Sanya Malhotra to provide the glamour quotient. Who is this Atlee? What is his track record as a hot and hip director to call the shots especially when SRK is decidedly wanting an encore of the Chennai Express? Thirty-five-year-old Atlee first worked as S Shankar’s assistant in Enthiran and Nanban, sculpted himself as a box office brand. Soon, he went solo and directed his debut film, Raja Rani with Nayantara in the lead, and secured his place as one of the most promising debut directors of 2016. For those who may be sceptical about a Tamil director’s dexterity, he made three successive films, Theri, Mercel and Bigil, all starring Vijay that rocked the box office, making Vijay the Number 2 after Rajnikant. Don’t underestimate these quiet non-flamboyant South Indian types. They know their cinema inside out.
The 2017 Kodanad case is back in the limelight years after J Jayalalithaa died and one of her drivers led a break-in on the tea estate nestling in the Nilgiris. The latest turn in the case may be entirely political with the new regime headed by MK Stalin in Tamil Nadu seeking to put pressure on former CM Edappadi Palaniswami wondering if he could be named a conspirator but the fact remains that a Hitchcockian suspense over events were never satisfactorily explained. Two major gang leaders of the break-in met with road accidents at virtually the same time on the same day. While the prime accused Kanagaraj died in a two-wheeler crash in Salem, the first accused MV Sayan survived a car crash but lost his wife and daughter on a Kerala road when another vehicle bumped suspiciously into his. The key to the mystery lies with Sayan now who is much wanted as the ruling DMK seems very interested in the outcome of reinvestigation. A hunt is on for the main conspirator who may have set a gang of nine to break in and see if they could get into locked rooms of the bungalow which were supposed to contain great treasures including jewels and cash. The CCTVs were conveniently off at the time leading to the suspicion of an inside hand.
After parleys with the Central leadership and RSS veterans, the Uttar Pradesh Chief Minister Yogi Adityanath has tweaked his style of functioning both at the government and the party level. Party insiders point out that Yogi has decided to reach out to his deputy chief minister, ministers and disgruntled ministers, legislators and MPs in a bid to avoid factionalism ahead of upcoming assembly elections. Yogi has visited Delhi and met Union Home Minister Amit Shah and a couple of other leaders and ministers to discuss organisational and policy issues. The agenda is getting nods for the party nominees for members of legislative council and for the much-awaited cabinet expansion. Four people are in the fray for MLC. These include: Jitin Prasada who recently joined BJP from Congress; former UP BJP chief Laxmikant Bajpai; and Sanjay Nishad of the Nishad Party. This is Yogi’s second visit to the national capital in a month. Interestingly, Yogi’s move is to get maximum Centrally-funded projects to be completed ahead of the polls and also kick start new projects already in the pipeline. A recent Mood of the Nation survey conducted by India Today ranks Yogi next only to Modi in popularity as the next choice as India’s Prime Minister. Hopefully, the new style will help him expand his appeal further (Yogi polled 11% votes up from 3% in August 2020)
Congress MP Rahul Gandhi’s close confidants KC Venugopal, Gaurav Gogai and others are furious over the dinner hosted by a G-23 member and former union minister Kapil Sibal on his birthday and inviting opposition party leaders. Sibal has said it was not an attempt to launch a non-BJP front without Congress playing a lead role. But Rahul supporters are not ready to accept; they strongly feel it is further attempt to embarrass Rahul who is already taking initiatives to mobilise opposition parties in and outside the Parliament against the Modi government. A former minister, who was present at Sibal’s dinner, said Sonia-Rahul Gandhi duo is an integral part for any non- BJP front but G-23 will step up its efforts to mobilise like-minded parties ahead of the next Lok Sabha elections. “A fresh demand will be made for convening the plenary session of the All India Congress Committee to elect a new president and thereafter launch a nationwide drive to build up front against BJP. Already some leaders have sent signal to Sonia, if she agrees party will get a new president.” Another leader, who was minister in both UPA I and II government, used cricket lingua to convey his message. Agreed, the wicket is sticky, but there are enough veterans and experienced players within the Congress party who can give a new spin and win the match.
Often, we tend to hold a poor view of politicians. With Parliament stalled at the drop of a hat, our misgivings about Parliamentarians and the Parliamentary systems of democracy deepen. A closer study, however, will reveal how misconceived our views are. Look at the way the Parliamentary Standing Committee on Finance sought to address ticklish issues in the corporate debt resolution process. Why should the resolution option be inflexible? Why should a resolution plan result in the disposal of the entire business and operations of corporate debt (CD) under a single plan? A combination of bidders taking different business units or assets could well be a superior solution. This could be better than a single bidder acquiring the entire business from a committee of creditors (CoC). The Insolvency and Bankruptcy Code (IBC), it appears, doesn’t facilitate multi-plan solutions for corporate debt resolution. The rules under Corporate Insolvency Resolution Process (CIRP), however, do provide for flexible disposal of assets/business of CD to different bidders. But IBC appears to grant no such flexibility to CoC. While IBC is a Parliamentary statue, CIRP laws are subordinate legislations. Hence, the Parliamentary Committee has recommended changes to IBC so that a resolution is achieved by pursuing either of the means prescribed by CIRP rules. Indeed, Parliamentarians do a quiet job behind.
Two men with Test batting averages of 11 and 3.6 helped themselves to an unbroken 89-run partnership to first take the Lord’s Test away from England and then conspired with their fellow fast bowlers to carve out a famous victory. Mohamed Shami and Jasprit Bumrah were the unlikeliest batting heroes on the final day even as England failed tactically by bowling bouncers at the tail, hitting them on the body and helmet, but not getting them out. An ill-tempered Test match saw England play like 15-year-olds, as Michael Vaughan said, in bouncing at the tailed batters, all because Bumrah had bounced James Anderson often in a 10-ball over. The same men who showed such great heart at the crease then bowled England out in under two sessions for only India’s third triumph at Lord’s. India’s pace bowlers have taken 39 of 40 England wickets in two Tests even as their captain Joe Root scored more runs than the rest of his batsmen put together. England were trapped in a scrap with Virat Kohli, a captain who revels in cricket as war. There is nothing wrong with emotion and passion on the field even if he tends to overdo it. Kohli joins Kapil Dev and MS Dhoni as the only Indian captains to win a test at Lord’s.
Top star Deepika Padukone lost a role in Sanjay Leela Bansali’s Baiju Bawra as she demanded more remuneration than Ranveer Singh. And Deepika is not the first heroine to do so. Kareena Kapoor Khan demanded Rs 12 crore to play the lead role in Alaukik Desai’s film Sita. Earlier, her close friend Karan Johar replaced her with Preity Zinta in Kal Ho Naa Ho for demanding more remuneration. A few years back Aishwarya Rai Bachchan lost an important role opposite Aamir Khan in Mangal Pandey because she demanded Rs 1 crore. Effectively, both Kareena and Deepika have lost opportunity to play iconic roles for asking what they deserve. This brings us back to the burning question of pay disparity in Bollywood. The general thinking in Bollywood is heroes (read men) have box office draw and female stars don’t have that kind of pull. A top producer clarifies, “Pay cheques are decided on the basis of how much business he or she rakes in. It is not based on the gender.” Sridevi and Madhuri Dixit got higher remuneration because audience went to the theatre to watch their performances. And of course, one heroine who has managed to single-handedly become a big hit is Kangana Ranaut. With Queen she proved it. She has made it clear that she prefers not to work with the Khans because “she would get over shadowed”.
BJP has put Mission Topple Maha Vikas Aghadi government in Maharashtra on hold and instead is focusing on securing the country’s richest civic body — the BrihanMumbai Municipal Corporation (BMC) and win the mayoral poll. With strong backing from the RSS parivar it has launched Samarth Booth Abhiyan which lays emphasis on reaching the voters up to the booth level and thereby strengthening the party to take on Shiv Sena’s vibhag or ward level network. There are 227 wards and 12,000 booths. BJP proposes to contact every voter at the booth level in a serious bid to counter Shiv Sena in the upcoming BMC elections. It has already started booth-wise revision of voters’ list and one-on-one meetings with voters. The BJP insiders claim the party has taken care to appoint committed workers as booth and shakti sthal pramukh to avoid groupism and factionalism. The party leadership’s diktat is not to entertain division. Interestingly, the Modi-Shah duo are closely monitoring the developments. Party President JP Nadda has already reviewed the ground level preparations with former chief minister Devendra Fadnavis, city unit chief Mangal Prabhat Lodha, and state unit chief Chandrakant Patil. Meanwhile there are strong rumours that Ashish Shelar, former minister and party legislator is tipped to take over as the state unit chief following his several rounds of meetings with Home Minister Amit Shah.
The new dispensation at Tamil Nadu headed by MK Stalin has unveiled first of its kind, exclusive budget for agriculture to transform the state’s farmers. A resounding electoral win, wresting power after 10 long years, a think tank cabinet of intellectuals, a White Paper on the abysmal state of the TN coffers (a timely disclaimer in case promises can’t be met), a budget that tries to put both revenue and deficit in perspective…. no wonder Stalin has raised expectations. This exclusive agricultural budget has a slew of schemes that could transform TN’s agriculture sector over next 10 years. If implemented, it could give the state a distinct identity. It envisages value addition for farm products, millets to be procured at better prices, incentives to sugarcane farming. The most striking aspect is the importance given to organic farming by creating a separate department for integrated push to take up organic farming. Another ambitious plan is to convert 11.75 hectares of fallow land to cultivable land, an increase from 60% to 75%. The scheme to give a solar powered pump set has been lauded. Above all, the scheme is focusing on training farmers to meet value added market demand as Agri Entrepreneurs. Clearly, Stalin’s agrarian focused approach could be the answer to what successive Tamil Nadu’s government was looking for a long time now.
It has taken a magnum opus on Veer Savarkar to put in print a memory that still lives and torments millions: The memory of the 1948 anti-Maharashtrian Brahmin genocide, a “wilfully erased chapter of history.” While writing for his concluding volume on the freedom fighter – Savarkar (Part 2): A Contested Legacy, 1924-1966 – author Vikram Sampath’s crowdsourcing efforts through social media drew an outpouring of tragic personal tales from survivors and descendants of the 1948 pogrom. The book captures how the carnage started from Bombay and Pune before spreading to Nagpur, Satara, Sangli, Miraj, the Patwardhan States, Belgaum, Kolhapur, where thousands of Brahmins were either massacred or their properties destroyed; and most villages in the state were ethnically cleansed of Brahmins. Thanks to laws like the Press Act, the media was silent on it – as it was on the coverage of the Partition Holocaust against Hindus and Sikhs in the newly created Pakistan, and its Kashmir horrors. Washington Post reported on wave of looting, arson and killings; New York Times said how “the communal riots quickly swept Bombay when news of Mr Gandhi’s death was received (January 30, 1948).” The accounts of DP Mishra, home minister of Central Provinces, point to a systematic pogrom against Brahmins and how no FIRs were lodged. Says Sampath: “The tragedy apart, denying its very occurrence makes it a doubly chilling crime.”
Incredible India! Five varieties of apples from Himachal Pradesh have been exported for the first time to Bahrain. This from a State which started growing apple about 100 years back. Thanks to Samuel Stokes, better known as the Apple Man of Himachal Pradesh, who came to India in 1914. Samuel Stokes left Philadelphia when he was just 22, got drawn into Mahatma Gandhi’s non-cooperation movement, probably the only American jailed in our Independence movement. He turned Hindu, married an Indian and settled down in HP. This state’s outstanding fruit, the Apple was a gift of the saplings and cuttings that Stokes brought from the US. When he died in 1946, he was cremated in the hills of HP. For reasons best known to historians and Apple orchard owners, Stokes and his contributions were largely ignored. While this American gave Indians the taste of Apple, the other American the legendary, the late Steve Jobs, gave the world his version of apple. Immortalised as the poster man for an Apple lover, Jobs found his life’s calling in India. Jobs, it seems, was seeking that eternal bliss and answers to his business failures. He came to Nainitals’ Neem Karoli Baba Ashram in the seventies. And that became the Bodhisattva tree moment for Jobs. And the rest is history.
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.
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 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.
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.
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.
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, 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.
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!
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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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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.