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Developers in Mumbai owe pending rental dues worth over Rs 646 crore to slum dwellers whose houses have been taken up for redevelopment under the Slum Rehabilitation Authority (SRA) scheme. The pending rental dues had swelled upto Rs 1382.48 crore since 2022 of which the state helped recover Rs 735.67 crores till May, 2025. Defaulting on rents for slum dwellers of SRA projects has assumed such proportions that the government now insists developers deposit two years of rent in advance. The SRA also managed to get Rs 552 crore as advance rents from developers. In a bid to expedite stalled projects, the SRA has also served notices to 86 errant developers to facilitate their replacement and help these projects take off. About 1700 projects of SRA are currently ongoing in the city of Mumbai, out of which about 517 are stalled due to various reasons. In order to take such stalled projects off the ground, the Maharashtra government has also got government statutory bodies like the Maharashtra Housing and Area Development Authority (MHADA), Mumbai Metropolitan Regional Development Authority (MMRDA) and even the City Industrial Development Corporation (CIDCO) to intervene and get into the slum rehabilitation space. The Brihanmumbai Municipal Corporation (BMC) is also undertaking SRA in 64 of its own plots. Though the SRA was adjudged as the best performing department in the 100 days administrative reforms review by the Devendra Fadnavis government, activists are convinced that it continues to remain a developers’ domain.
There wasn’t much reaction in Telangana Congress when former cricketer Mohammed Azharuddin’s son, Asaduddin, also a cricketer, recently parachuted in and landed as a General Secretary of the Telangana Congress. A senior leader and a former MP dismissed the appointment as a non-event and routine. After a stint in cricket, Asaduddin expressed his desire to serve the public through politics, drawing inspiration from his father and Congress leader Rahul Gandhi. Describing his new role as a “big responsibility”, Asaduddin said he was committed to working for the party in line with its ideology. He praised Rahul Gandhi for fighting for the Congress’s values despite facing numerous challenges He also credited his father, who has been active in politics for over 15 years, as a major influence. Azharuddin, a former Lok Sabha MP from Moradabad, UP, contested and lost the 2023 Telangana Assembly elections from Jubilee Hills constituency. Asked why he quit cricket, Asaduddin remarked that a sports person’s career is short and timing plays a crucial role in success. Married to tennis star Sania Mirza’s sister, Anam Mirza, Asaduddin felt his time in cricket was over. In a post on X, Azharuddin wished his son and said he had seen his (Asaduddin) commitment to people, his passion for service, and his sincerity up close and hoped he would stay “grounded”. With his son’s debut in state politics, Azharuddin is now confident that he will once again be fielded for Jubilee Hills by-elections. He had lost the seat in 2023.
Having once been condemned by Sunil Gavaskar from the commentary box with a serial “Stupid. Stupid. Stupid” description, Rishabh Pant made the legend say “Superb,” three times in tribute to a century at Leeds. That was soon as he became the Indian wicket-keeper with most Test centuries (7) – not Dhoni (6), not Saha (3) nor any of the older greats. And he has kept this “all-rounder” status in his own unique way, rolling on his back not to collect stray wide balls from bowlers but to punt the ball over the ‘keeper’s head. And who else can conceptualise a virtual one-handed lofted shot to mid-wicket sailing beyond the ropes for a six to get to a century. After all, he is a batsman who opened his Test account with a six. Even Gavaskar, who has watched more cricket than many of the legends, may never have predicted such a fulfilling future for a plump youngster. And if he thanked God it may have been not only for the record-breaking century but also saving his life the night that he was involved in a car crash from which few gave him a good chance of survival. Maybe that is why Pant is determined not only to live every minute of a second chance at life but also enjoy it. Maybe, Pant has shown Sunil that despite all that madness that seizes him now and then while batting that he is perfectly capable of stringing together long Test innings. If there is one thing that has not left him may be a bit of spirited batting that in the eyes of critics may seem “Stupid.” Maybe, none will call him “stupid” again regardless of how adventurously he bats when the whim captures his mind.
Titagarh Rail Systems, one of India’s foremost manufacturers of rail wagons and coaches, is taking a strategic step to bolster its production capabilities through a new joint venture with Ramakrishna Forgings Ltd. The joint venture, named Ramkrishna Titagarh Rail Wheels Ltd, is setting up an advanced manufacturing facility in Gummidipoondi, located near Chennai. This state-of-the-art plant is designed to produce high-performance forged wheelsets, catering to the requirements of metros, freight wagons, and passenger railcars. The facility will have an annual production capacity of 220,000 wheels. As part of the venture, 80,000 of these wheels will be supplied to Indian Railways under a guaranteed offtake agreement, offering long-term business visibility. Each forged wheel is estimated to cost around Rs 1 lakh. The plant is expected to commence full-scale operations by Feb-Mar 2026.This initiative is crucial, especially after Titagarh faced a slowdown in wagon sales last fiscal due to a shortage of wheelsets from the Rail Wheel Factory. By building its own supply capability, the company aims to eliminate such supply chain disruptions in the future. With about 25% market share, Titagarh remains India’s largest freight wagon manufacturer, leveraging a vertically integrated model for operational resilience.
The name Prashant Tipirineni Nani may not stir recognition until you notice Nani. Oh yes, HIT: The Third Case or Hit 3 starring Nani in an electric turbo action role will immediately stir memories of that action thriller. Much talked about but given mixed reviews by critics. But redemption too…it is the third highest grosser Telugu film, collecting Rs 56 crore in 6 days of cinema run. The team of Nani, Srinidhi Shetty and Director Sailesh Kolanu were happy that HIT 3, third instalment in the series, had surpassed Nani’s earlier Hi Nanna, Saripodhaa Sanivaram and HIT 1 collection. But happiness and celebrations in this mercurial make-believe world of cinema is often short lived…ghosts from the past or ghosts who walk in due to bad Karma often wreck the party and the high of commercial success soon, nosedives. Allegations of story/plot plagiarism are hurled and more often than not, end up in court. Hit 3 has just been hit by allegations from Soniya Vimal (Vimalavalan) who has accused Nani of lifting most of her story, making a few changes here and there in the making of HIT 3. The writer is now demanding copyright compensation of 20% of the take. Vimal claims she had registered her story with the South Indian Film Writers Association in 2021, met with Nani and gave him an outline but got no response from the makers. After watching the first show, she could identify and record every spin of the story, her original. The only recourse was to go to the court. The Madras High Court has now posted the hearing for July 7.
For AAP chief Arvind Kejriwal winning MLAs in Gujarat by itself may not be a big deal; about half a dozen or so have won before. But none of the MLAs have stuck around. However, with AAP candidate Gopal Italia winning from Visavadar for the second time in a by-election, Kerjiwal has something to cheer about. In the backdrop of losing power in Delhi, AAP felt it had to make a song and dance about securing assembly seat in Gujarat by-election– where the BJP has been in power for 30 years –that too from a seat– Visavadar which the BJP has never won. In a post on X, Kejriwal bragged that his party won with nearly double the margin compared to the previous elections and claimed that “people of Punjab are very happy with the work of our government and have voted even more in favour of us than in 2022. The people of Gujarat are now fed up with the BJP and see hope in the AAP”. Italia shot to fame during the 2015 Patidar agitation in the state. The seat has been vacant since 2023 after the then AAP legislator Bhupendra Bhayani resigned and joined the BJP. BJP sources said Italia winning the seat wasn’t a surprise. Visavadar has been a traditional Congress seat. “BJP has never won from there. In 2012, Keshubhai Patel won from there as Parivartan Party candidate. Kesubhai later rejoined the BJP. Sources say more than Visavadar what is of significance for Gujarat politics is that BJP managed to win Kadi assembly seat, a reserved seat in Mehsana. BJP’s Rajendra Chavda won by a margin of over 39,000 votes in a triangular contest taking on both the Congress and the AAP.
Aamir Khan, hailed as one of Bollywood’s most bankable stars, has consistently pushed the boundaries of Indian cinema with his choice of diverse and thought-provoking roles. However, his latest film, Sitare Zameen Par, which garnered approximately Rs 10.70 crore on its opening day, raises critical questions about the viability of niche cinema in a commercial landscape dominated by mass appeal. While the film showcases Aamir’s commitment to storytelling that resonates with a more elite audience, its limited screen release and lack of mainstream entertainment elements have significantly hampered its box office potential. Unlike his contemporaries, Shah Rukh Khan and Salman Khan, who frequently deliver mass-centric blockbusters, Aamir’s foray into niche narratives may alienate the average moviegoer. The film’s intellectual depth and artistic merit, although commendable, do not cater to the broader audience base that thrives on high-octane entertainment and relatable themes. The expectation for Aamir Khan films to cross the Rs 100-crore mark within the first three days has become a benchmark of success in Bollywood. However, Sitare Zameen Par weekend collections appear to be around Rs35-40 crore, a figure that many industry insiders deem disappointing for a film featuring such a prominent star. This trend raises concerns about the sustainability of niche cinema in a market that increasingly favours commercial viability over artistic expression. As the film fraternity navigates this evolving landscape, it is imperative for stars like Aamir Khan to strike a balance between artistic integrity and audience engagement. While niche films have their place in cinema, the current climate suggests that a more mass-oriented approach may be necessary to foster the growth of Indian cinema as a whole.
Shubman Gill has settled the No 4 position for himself in the New India batting order in Test cricket. The moment he was named the captain of the Test team for the five Test series in England, the grapevine was rife with pros and cons of his batting at No 4 with the MRF sticker bat. Just like his predecessors Sachin Tendulkar and Virat Kohli who batted at No 4 and the lithe right-hander from Punjab confirmed it after the fall of debutant Sai Sudharsan at the stroke of lunch on the first day of the Headingley Test. Gill batted with a lot of assurance and compiled an elegant 227-ball 147 with 19 hits to the pickets and one six on the onside. For 12 minutes short of six hours, Gill looked the master playing behind and beside the line against the England fast bowlers. It was Gill’s first time undertaking at No 4 and he and those who helped him take that call would be more than satisfied with his effort. Gill may have thrown away a chance to convert his knock into a double and much more had he not taken the chance against the off break bowler Shoaib Bashir and offered a high catch to Joshua Tongue in the deep. When the going was good, Gill could have really cashed it on, but his departure (430/4) triggered an India collapse to 471. The pitch aided the home team seamers who were also able to swing the ball, and Gill stood up to the task after Yashasvi Jaiswal scored a lovely hundred opening the innings after being put into bat. A great knock from Gill, but a rush of blood heave spelt his doom.
Maharashtra’s Mahayuti alliance achieved a thumping majority in the assembly election late last year. One important factor that ensured such a handsome mandate was the Mahayuti’s ‘Laadki Bahin’(Beloved Sister) scheme. Under this, each applicant woman was paid a monthly dole of Rs 1500. Though there were certain conditions for a beneficiary to be eligible, there was no scrutiny. As a result, even female government officials and those paying income tax also took advantage of the scheme. Some others came in their own cars to receive the cheques. Now, a thorough scrutiny is underway and thousands of names have been dropped, some of them voluntarily by the beneficiaries concerned themselves. Considering the local body elections due in the state after the monsoon, deputy chief minister Eknath Shinde has declared that a scheme called, “Laadki Soon” (Beloved Daughter in Law) will be launched by the government. There is a reason for the necessity of such a measure despite tall claims that Maharashtra is a progressive state. Time and again, harrowing stories of torture for dowry of newly wed girls surface in the media. In certain cases, the unfortunate girls are either killed or commit suicide. A few such instances that shook the state’s conscience over the past two months are believed to have caused Shinde’s announcement, which will be implemented soon. Incidentally, it was Shinde as the state CM who had introduced the Laadki Bahin Yojana last year.
In terms of absolute growth, the country’s mutual fund industry has grown at a scorching pace. Its AUM has grown from Rs 21 lakh crore in 2017 to Rs 72 lakh crore in 2025, monthly SIP from Rs 4,000 crore to Rs 26,600 crore and investor’s count has grown five times — from 1 crore to 5 crore. Yet, the investor’s numbers is poor given the size of the population. This poor investor number indicates low awareness and thereby poor penetration level. Though the industry’s Sahi Hai campaign has transformed the space from a high-net-worth niche to a retail-driven engine, more needs to be done. At the 17th ICC Mutual Fund Summit, regulator SEBI has urged the industry to use digital tools for wider access. To help the MF industry, SEBI has undertaken a comprehensive review of the sector’s regulations to ease business operations and introduce flexible scheme design, and recategorize schemes. SEBI feels that innovation and strong governance must go hand in hand, and any missteps would invite regulatory action. Interestingly, AMFI has positioned financial well-being — not just access—as the next frontier. However, AMFI lamented the fact that even though 33% of household disposable income is saved, 66% goes into gold and real estate and only 34% into financial assets. And mutual funds form a small portion of this, though their share of bank deposit equivalents has risen from 10% to 32%. India’s AUM-to-GDP ratio stands at 20%, compared to 65% globally and over 100% in developed markets. To deepen penetration, AMFI is expanding financial literacy drives in various states. Despite 80% general literacy, financial literacy remains at only 27%. This is the gap AMFI aims to close.
White Knights, co-option, corporate alliances and the like were quite in vogue in former times. They played handy roles in helping companies – especially of the owner-driven ones – to ward off take-over threats. Examples are dime a dozen in the corporate world of Tamil Nadu where they threw ring-fences around vulnerable outfits to check-mate raids by unwanted or undesirable entities. This had indeed helped many stressed outfits from falling into the BIFR fold, thanks to those friends in need who played Good Samaritans. The promoters of Bank of Madura (since merged with the ICICI) sought the help of Kotak Mahindra to ward off takeover threat from AC Muthiah of SPIC fame. Likewise, Pradip Kothari reached out to MV Arunachalam of the Murugappa group to stop the threat of Reliance satellite outfits from taking over of KICL (Kothari Industrial Corporation Ltd). Under new management, KICIL has now sold its fertiliser factory in Chennai to Coromandel Fertilizers of the Murugappa group! Son-in-law of late Raju, promoter of Raasi Cement, looked up to N. Srinivasan of The India Cements to stop raiders on track. Autolec, too, went to Sundaram Fasteners to ward off takeover attempts by multinational firms. In the evolving regulatory environment and following the arrival of IBC (Insolvency and Bankruptcy Code), things have gotten tougher for struggling owners to retain the ventures they have founded. The Good Samaritans of former times are either not there or wary of playing the rescue role in the changed context. Surely, that is hurting some original entrepreneurs in Tamil Nadu.
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This is one of the oldest chambers in the country. This industry body is over 100 years old now. The Southern India Chamber of Commerce Industry (SICCI) is indeed an iconic association in Chennai. The SICCI was promoted ostensibly with the idea of serving the Indian business by protecting and promoting its interests at the regional, national and international levels. Indeed, SICCI was the founder-member of the Federation of Indian Chambers of Commerce and Industry (FICCI). SICCI saw eminent industrialists from Chennai such as AC Muthiah, MA Alagappan, A Vellayan and like heading it at one point or the other. Ar Rm Arun, son-in-law of AC Muthiah, is now serving as its president. SICCI has chosen to change. This move put the spotlight on the century-old chamber. SICCI has decided to constitute a Core Advisory Council (CAC). More than its constitution, what has surprised many is the power vested with the CAC to oversee the induction/ replacement of the executive committee members. CAC is also sought to be vested with powers to recommend right candidates for top positions at SICCI, which has hitherto been the domain of the board members. Why CAC at all? With CAC in place, what will be the role of the executive committee? Surely, SICCI is set for interesting times ahead.
Sustainability of any family business is a tough challenge. When family expands, it gets even tougher. More than anything else, the challenge lies in keeping the interest alive among the GenNext in the family. The story is different here, however. A member of the fourth generation, Devaki Ashwin Muthiah has just joined the board of AM International Holdings. She is the eldest of the two daughters of Ashwin Muthiah, the son of indefatigable AC Muthiah. As a part of the leadership team, Devaki will drive the group’s strategic growth plans across Singapore, India and the UK to accelerate its future-readiness. She had earlier interned in global luxury firms such as Joseph and Chopard in the UK. She has been a mentor and university liaison for the GAIN (Girls are Investors) charity in the UK. Devaki is already on the boards of Penn Globe Ltd and Notedome Ltd, subsidiaries of Manali Petrochemicals. Her induction into the holding company board sets the succession line clear. Her brief is clear: to prepare the group future-ready. For a group that traces its history to the launch of the country’s first motor scooter Lambretta by Automobile Products of India (a group company then) half-a-century ago, the entry of a fourth generation member invests this iconic traditional industrial family business group with a sense of freshness and energy to move forward.
A private-public partnership saw a plant come up at Thoothukudi in Tamil Nadu to produce ammonia and urea. In the 50 odd years of its existence, Southern Petrochemicals Industries Corporation (SPIC) has had a chequered history even as the A C Muthiah-piloted group became ambitious. Big investments in PFY and PTA (Spic Petro) and in a new fertilizer facility in Dubai saw money going down the sink. Things turned for the better post 2010 with a changeover at the helm. Now, Muthiah’s son Ashwin, who heads the company, has gone all out to ramp up capacity of ammonia and urea to almost global scales. To improve margins, it moved from naphtha to natural gas for its feedstock. For fund infusion, Ashwin roped in AM International of Singapore besides talking to lenders for debt restructuring. Result: Thoothukudi-based SPIC has turned around with its topline and bottom-line looking healthy. Unfortunately, another well run plant in Thoothukudi Sterlite Industries, part of the Vedanta Group had to shut shop over environmental issues. For the nine months ended December 2021, SPIC has turned in heart-warming results with a PAT of Rs 132 crore on the back of a topline of Rs 1,600 crore, both representing a big leap from the previous corresponding period. While things are certainly looking up for SPIC, the road ahead still sports many signs of caution!
There are certain advantages in being an unlisted, closely-held company. Owners of such firms, however, may encounter irritants coming their way. A few shareholders, with marginal holdings could prove to be an avoidable hindrance. One such unlisted, closely-held company is attempting to implement share consolidation ostensibly to ease the cumbersome procedural formalities in administration. It is also touted as a goodwill exercise offering small shareholders an exit option. In some instances, small shareholders do not see any goodwill in such an exercise. Rather, the move is viewed as an ill-intentioned initiative to get them out cheaply. The city of Chennai has seen Chettinad Cement, a well-known player in the bulk commodity space, delist its shares a few summers ago. But that has put its industrialist-shareholder AC Muthiah in a spot. If sources are to be believed, Muthiah is unable to get rid of his shares in the company at a price he considers equitable. The owner of Chettinad Cement appears to be playing it cool for now. The business, it may be recalled, is run by MAM Ramaswamy’s adopted son MAMR Muthiah who has an old score to settle with AC Muthiah, whom he had accused of usurping the company assets while his father was ailing. Alternatively, he doesn’t feel the need to acquire more shares, sitting comfortably as he is with a majority holding.
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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.