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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.
From a peak of Rs 24.33 tn (Rs 2,433,000 cr) last year Adani group’s market capitalization has already nose-dived more than 70% to Rs 7.16 tn (Rs 716,000 cr). Is this the end of the slide, or is it going to fall further? A close study of the Adani group stocks reveals that, in the first decade during which the group had just one listed company, Adani’s P/E multiples were in single digit which was far below the market average. In the second decade, when the group started unlocking the value of its closely-held companies, the discounting vastly improved. In the third decade, when the count of the group’s listed entities increased from 3 to 10, the P/E multiples shot up to three digits which were many times more than the market average. The current slide has corrected the group’s P/E from 147X to 43X. However, this is still far higher than the current market composite P/E of 25X. At the current market composite P/E, the Adani group’s market cap should be about Rs 4.2 tn (Rs 420,000 cr). In other words, the group’s market cap may possibly contract another 40% (about Rs 300,000 cr) under the present circumstances. By arrangement with https://investlive.net/.
For all the hype about celebrating Bharat Jodo Yatra somehow there is no enthusiasm for the upcoming 85th AICC plenary session at Raipur among Congress leaders. No, it has nothing to do with the ED raids on Chhattisgarh Congress leaders. It is because party leaders feel the Congress is not able to set a strong political narrative and is forever getting bogged down in responding to the agenda set by PM Narendra Modi. Party sources feel there are so many issues affecting the common man but the Congress got trapped into focussing on just one issue – the Adani Group. It was perhaps just as Modi wanted. “We have wasted an entire Parliament session on Adani. Our AICC session will also be lost in the haze of the Hindenburg report. It is possible that there will be no substantial message from the plenary for the cadres,” observed a Congress leader from South. Besides, there is no clarity if elections would be held for 50% of positions in the Congress Working Committee – that is for 12 positions in the policy making body. “It will all depend on what is decided at the steering committee meeting on February 24,”says a party leader. Predominance of the Adani issue has also hit the drafting of AICC resolutions. That is, subjects committees for various resolutions did not even meet once to finalise resolutions.
After stalling Parliament for a few days over the Adani controversy, the Congress finally got back to work on January 7. Rahul Gandhi took the Lok Sabha floor to make allegations linking PM Modi to billionaire Gautam Adani, perhaps hoping he would be spared legal consequences. An MP enjoys the privilege to speak freely and what is spoken inside the House is not liable for any scrutiny. Oddly, Rahul’s speech did not evoke much response by way of cheering or thumping of desks even from Opposition benches as states like West Bengal and Tamil Nadu have projects that are being executed by the Adani Group. But then so do Congress ruled states like Chhattisgarh and Rajasthan. He wanted to know how Adani’s net worth had increased from $ 8 bn to $140 bn between 2014 and 2022; how the businessman had gone from 600th to second rank when the BJP came to power in 2014. He wanted to know from Modi “How many times did Adaniji join you later on your foreign trip? How many times has he reached you after you landed in a foreign country?”. He also asked how much money Adani gave to the BJP in the last 20 years. He seemed most upset that GVK-GMR, who controlled airports under the UPA era, were forced out using agencies like ED and I-T. Six airports including the Mumbai airports were” handed over” to Adani after 2014.
The ambitious Dharavi Redevelopment Project (DRP) appears to be finally taking off after official procrastination of over three decades to launch it. The estimated time to complete the massive scheme is around seven years. Bids for DRP have been submitted by three giants – DLF, Adani and Naman. This was in response to a tender published by the state government on October 1. Soon, the technical bids will be examined. The next step will be to open financial bids. Officials feel that it will be possible to wrap up the bidding process by the end 2022. Actual working on the project can start early next year. According to previous projections, the DRP would have cost around Rs.23000 crore. However, now the picture will be clear only after financial quotations are examined. The DRP’s highlight is rehabilitation of nearly 68,000 families by offering each a minimum of 400 sq ft apartment. In return, the developer will be able to exploit 4 FSI on the land mass admeasuring almost 210 hectares. DRP was originally conceived nearly 30 years ago. It was revised in 2004. Its focus remains resettling about 68,000 families and a large number of commercial establishments already existing for decades. Dharavi is planned to be redeveloped as a counter to the sprawling Bandra Kurla Complex that is almost saturated. Dharavi can pour billions in government coffers if the project is implemented professionally, officials feel.
The country’s fastest growing business house of the day, Ahmedabad-based Adani Group, is reportedly entering into the cement business by acquiring two major companies of the Indian cement industry from world’s second largest cement producer, Holcim of Switzerland. The deal is worth more than Rs 50,181 crore. Strangely, none of the India-based Adani Group companies is involved in the acquisition process. Interestingly, the net worth of the so called acquirer of the two large Indian cement conglomerates at the end of fiscal 2022 was less than Rs 20 lakh! To acquire Ambuja Cements Ltd (ACL) and ACC Ltd (ACCL), Adanis have adopted a complex route. The main face of the group, Gautam Adani, does not come into the picture. The takeover process is executed via elder sibling, Vinod Adani, a citizen of Cyprus, a resident of Dubai and Singapore and a director of dozens of companies & trusts spread across many tax havens like Mauritius and British Virgin Islands (BVI). The acquirer of ACL/ACCL is the Mauritius-registered Endeavour Trade and Investment Ltd which is 100% owned by another Mauritius-based company, Xcent Trade and Investment Ltd, which is again 100% owned by Acropolis Trade and Investment Ltd which too is a Mauritius incorporated company. Acropolis Trade is held 100% by Adani Global Investment DMCC, a UAE incorporated company. Adani Global is held 100% by AR Global Holding Ltd, a BVI incorporated company. AR Global is held 100% by another BVI incorporated company Amulya Resources Holding Ltd which is held 100% by Amulya Resources Family Trust, a BVI incorporated trust. By arrangement with https://investlive.net/.
International travellers flying in and out of Trivandrum Airport in Kerala were deprived of duty free shopping for the last four years. With Adani Group taking over the airport in October 2021, things have changed for the better. The Customs authorities had shut down the duty free shop at the airport on the grounds of illegal sale of alcohol to the tune of Rs 6 crore. The allegation was that the then Malaysia-based operator, Max Plus, was diverting foreign liquor meant for sale at the airport to the black market. Max Plus was using travel documents of passengers passing through Trivandrum without their consent for the illegal sale. Even after four years, the Customs Authorities and the then operator, Airport Authority of India (AAI), were least bothered to hasten the investigation and reopen the duty free shop. Adani on the other hand meant business. After all, the group paid Rs 476.10 crore to earn the right to operate Trivandrum Airport. They immediately got the Customs NOC to reopen the duty free shop with a new partner, the Dubai-based Flemingo. In fact, Flemingo also operates the duty free shop at Colombo’s Bandaranaike International Airport. With the footfalls expected to increase manifold, the Adanis are out to make a handsome packet. Incidentally, Adani is also the operator of the Vizhinjam sea port at Trivandrum.
The Rs 5,138-crore HLL Lifecare (formerly Hindustan Latex) headquartered in Thiruvananthapuram, Kerala is attracting many suitors. This follows the Government of India’s November 14, 2021 decision to hive off its entire stake in HLL Lifecare. Around seven suitors including the Adani Group, Piramal Healthcare, two Kerala based companies advised by two former CMDs of HLL Lifecare, a fund besides NRIs. HLL Lifecare, which started as a condom manufacturer sold under the brand name Moods, is today a health care company in the truest sense. It has a Pharma business, makes medical devices, runs diagnostic centres, manufactures sanitary napkins and blood bags etc. The company has seven factories, four in Kerala and one each in Belgaum, Manesar and Indore. Today the company operates 220 pathology labs, 47 imagery centres, six labs under the Hindlabs brand and 253 pharmacies across India. Both Adani and Piramal are keen to acquire it. The cash strapped Kerala government, however, could play spoilsport since it wants to take over the company although its offer was declined. The company’s turnover jumped three times from Rs 1739 crore in 2019-2020 to Rs 5138 crore, the profit marginally lower than the previous year. The jump in turnover was a result of enhanced non-core activities including huge purchases and supplies of Covid vaccines, surgical masks and gloves for various State Governments and hospitals.
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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.